St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-24
FTSANCHAl4.
New York.


NEW YORK, April 23.-The week
opened on the stock exchange with Il
heavy tone TO the share speculation and
the prices declined heavily during the
first hour and a half of business. The de-
preston was increased by the weak
ness of the L0ndOn market for Ameri-
can securities, and the arbitrages houses
were sellers of St. Paul. AtchiSOn,
Union Pacific and other foreign spe-
cialtieS. The room traders were nearly
all on the short side IF the market, and
the professional bears put out some
heavy lines. The labor question and
the increase of the great army of the
unemployed are being used as unset
Ting Influences on the street, and even
in some conservative circles the march
on Washington is beginning to assume
serious aspect IN view of the excuse
which it offers to professional auitators
to create disturbance of the relations
between labor and capital.
The industrias were most freely sold
during the morning and gave away most
readily. Sugar leading with n break Of
211s under sales made by operators who
had recently been bulls in the stock.
General Electric was also freely offered,
in behalf, 1t is said. of the people who
had brought about tile recent advance,
and who thought the time had come to
liQuidate. The decline in this stock
reached per cent. with subsequent
recovery of l5s and final reaction of
II. New Jersey Central lost IA;
American Tobacco, U. z. and Wheel
ing u Lake Erie preferred rs; Chicago
Gas, Louisville Il New Albany and
Gordage, n; ST. Paul rs,
and Atchison and Sugar preferred,
teper cent. Chicago Gas, which later
lost an additional Is. was sold OH Chica-
Z go orders, presumably TO realize profits,
as there were no untavOrable advices
touching the stock. Between II and IL
o'clock the downward movement was
checked by purchases TO cover short
contracts and buying for the long ac-
count induced by the lower range of
values. The purchasing movement,
{ while not very strong, was steady
throughout the early afternoon, and
recOveries were made not exceeding a
fraction except III the case of COrdage,
Which rallied l per cent. The higher
figures were maintained until after de-
livery hour, when rene wal of the sell
ing caused reaction in which the early
improvement was lost, and still lower
figures were touched in many instances,
{ Northern Pacific making total decline
OI ~, anu duQllAOiidl uGCliutS UeIuS
recorded of q i'll American Tobacco
aud 1s@3s in other shares of the active
list. Sugar recovered ~ of the morn
ing decline, losing 4 in the final sales
the decline on the day Being ~; the
preferred is down per cent. The other
chief declines on the day are American
Tobacco aud New York d New Haven
2; General Electric, ~; New Jersey
Central. Delaware. Lackawanna {
Western, 1ss; Louisville s. Nashville
TX; Lead and Northern Pacific pre-
ferred. ~; Chicago Gas, Manhattan anG
Lake Erie IL Western preferred. ~
Union EPacific and sWheeling 4 LAX,
Erie preferred, X, aui ST.. Paul ant
| National Starch first preferred, pc
cent. Some few shares recorded an ad
vance on the days transactions, notabi.
| ST. Paul & Duluth and United State;
Leather preferred, per cent, and In
terror Conduir.-1h per cent. The deati
Of Jesse Seligman. the banker, whicl
reached the city in the Assoclated Pres
dispatches even before the news reaches
the ONCE of the firm on Broad street