St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-29
FINANCIAL.
New York.

NEW 1ORk, May 20. - Inc week
opened on the stock exchange with
decrease in the volume of business and
generally heavy tone to the specula-
ton. The trading was unimportant, as
rule, and largely monopOliZed by the
room traders, who operated only in
small way. There were no specially
controlling influences in the market. A
renewal of the reports that the sugar
schedule of the tariff bill as agreed on
by the senate would be adopted by the
house served to move the stock of the
trust up a pei cent in the early deal
ings, but a higher range of values led
the shorts to put out fresh lines. which
led to a decline of ~. Insiders came
to the support OF the shares at this
point, with the result of rally of 13a6.
The improvement was only tempo
rary, and, under fresh selling, de-
cline of per cent was effected. In
the later dealings recovery of ~
was made. of which per cent was lost
at the close, the last sale being at a
figure II below Saturdays closing.
Sugar preferred is down q. The
CHANGERS opened 71s@5s lower, and on
SLING orders from the West made
further declines, occasional rallies
occurring; DIT the trend was down.
ward, and the final sales were at the
lowest for the day, except for st. Paul,
which is & per cent above the bottom
figures, the net losings being: Rock
Island and Burlington q Quincy, each
/: st. Paul, a, and Northwest, Is.
London was seller of st. Paul. Buying
of Chicago Gas for the account of one OF
the most prominent members of the
gas clique caused 11s lper cent rise
within the first half hour of business.
The gain was pretty well held until
afternoon, when small realizing sales
caused reaction of a. Atchison was
sold by Boston and local traders in the
belief that the assessment to be made
under the reorganization will be heavier
than has been proposed under the pub
lished plan A decline of OIL the
day resulted, and considerable long
stock was thrown on the market. which
was taken surprisingly we'll. Missouri
Pacific made gain of a in the morning
lowest figure made, despite reports of
steadily increasing net earnings. The
transactions in the rest OF the list were
unusually light, and only in the special
ties were there any material fluctuations.
The trading was very Irregular during
the afternoon. and was generally heavy
at the close, the only shares which show
an advance on the Gay being Console
dated Gas 2, Pullman and Lead pre-
ferred l, and Pullman and Lead COM
mon and Lake Shore u per cent. De-
clines were recorded of per cent in
National Linseed and United States
Express, 17s in G. G. C. Il st. Louis.
N in Louisville, New Albany q CHI
cago preferred and Lake Erie d Western
Preferred 2 in Manhattan, and 81 in
United States Leather preferred.
The bond market was somewhat cas-
Ter in tone during the morning, but
gained strength in the afternoon, and
closed firm. The principal changes in
the day are:
Advances Ohio Southern frsts, 2sl;
Hooking Valley IS, ~: Missouri Pa
cfic consol IS, II; Albany and Susque-
hanna consol Is. ~; Chesapeake d.
Ohio IS of 1911, Laclede Gas 81, Chicago
Gas firsts, and Oregon Navigation col
lateral trust IS. each per cent: do con-
sol 5s broke So to 637s, recovered to IS
and again reacted to 621s, recording
loss Oh the day of ~ per cent.
rDeclines-Little Rock & Memphis
III DIS, +, 11iCVatON utS(Ss :
Atchlson seconds. a aed Colorado Md
land Is per cent.
- the Evening Posts London cable
gram says: Business i'll stock today
was confined to arrangement OF the ac-
CUNT, which is of moderate size,
Money Is plentiful. Contangoes on
Americans were 2 to per cent. Except
for gilt-edged stocks the tone was dull
ish. Consois were 1918, the highest
record. Americans opened firm, but
fell away and closed weak at the lowest
price. A sharp rise i'll Indian exchange
PITT up rupee paper per cent. The
India council sold % lakhs of specials
up to 1875 pence. Argentine stocks
were steady, although the gold pre-
ntium there is 324.
eiTrhe Evening Post says: No doubt
tfie fact that two important controver-
Sies-that over the senate sugar tariff
and that over the bitumnous coal min
ers' wages-will come to Il head this
week, served TO make today's stock
market inactive. Such active pressure
as there was against prices came chiefly
from clique of operators for decline,
who sold Oil professional basis of mar
ket whose scattered short interest has
been lately 'driven out" Otherwise,
today's movement of prices was quite
meaningless, as those of few days
since.
The Total Sales of Stocks
today were l44.S7S shares. including:
American Tobacco. 1850; American
Sugar. 1880; Burlington. 1900: Chi
cago Gas, 1850; Distilfng and Cattle
Feeding. $500; General Electric, 3, 100;
L. & N. $500; Missouri Patio. 6.O6J;
Rock Island, 5000: 81. Paul. 25SJo
Bank .clsarings. -S56, III, ST.: lai,nces,-
$4,3S4, $50.