St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-15
@. & Co
investment Bankers.
Dealers In Ffrst-Class
. as Bonds, Bank Stocks and
Commercial Papers.
Money to Loan In Large Amounts.
"oFFICES-
Germania Bank Bldg, and Temple Court
st. Paul Minneapolis
FINANCIAL
New York.


= New YORK, Sept. 14.-An important
development Of the Atchison situation
was the chief event Of today in Wall
street. Meetings of the directory of the
company had been held the past two
days. and late this afternoon the an
nouncement was made that six members
of the board had resigned.
The news of the changes in the direc-
tory did not reach Wall street until
shortly before 3 o'clock, and therefore
but little time was left to make its i'm.
preston OH the stock of the company.
1t had been weak all day on light trad
ing, and had declined Is from the OPEN
ing to n when the facts became known
OH Change, and only one sale OF 100
shares at 7ss was effected thereafter,
the total sales of the day being
only 1890 and the decline only
"a. Chicago Gas was sold heavily
by pool which had recently been bulls
IN the stock, the cause alleged for the
movement being the probability of a
was effected. the lowest point being
touched shortly before the close. the
final sales being at recovery of a,
making the net loss 81. Northern Pa
cific preferred declined rs on sales by
holders who had bought in anticipa-
tons of contest at the coming cleo
ton, and who marketed their stock on
the announcement that there could be
10 opposition to the election of Presi-
dent Ives. Sugar opened Il lower, rose
e and closed g below the highest point
touched. The trading in the shares was
aninteresting and unusually light.
Speculation in the grangers was
fairly firm except in Northwest, which
rny tch
garding its prospects in the immediate
future; opening q higher, it dropped
rs, closing at a recovery of Is. St.Paul
and Rock Island gained q ana Bur
lington Il on the day. American Dis
trict Telegraph and Lead are down
per cent, the other losses being frac-
tional. SusQuehanna & Western pre-
ferred, Minneapolis & St. Louis and
American Gable show advances of
per cent. Consolidated Gas 21s, aud
Edison Electric, Of Brooklyn, per
cent. At the close speculation was
generally weak in tone.
A diminished volume Of business was
transacted in the bond market, the
gales aggregating only S97l,0oO. Spec
ulation generally trended downward,
but some substantial advaces were re-
| corded in various issues. The more
| important changes were:
T. Declines-Louisville & Nashville,
Pensacola & Atlanta tirsts, 81; Atchi-
son, Colorado & Pacific firsts, 23s; Chi
GagO tirsts, ~; Burlington, Cedar
Rapids & Northern collateral trust 5s,
N; Oregon improvement consols IS,
M; Union Pacific seconds, do consols
IS, st. Louis, Southwestern tirsts and
Reading second preferences, l.
Advances-Louisvlile & Nashville,
New Orleans & Mobile firsts,3 per cent !;
st. Paul gold Is, 2M; Chesapeake Il
Ohio firsts. series A, IL, and Chicago 4,
Alton sinking fund IS, l.
Cleveland & Canton firsts sold at rs,
| against 70 on June IL.
The Total Sales of Stocks
today were 14s.657 shares. including:
Atchis0n. 4,50U; Sugar, 1880; Burling-
ton. 1870; Distilling, $500; General
Electric. 5000; Minneapolis & st. Louis.
$500; Northern Pacificspreferred, 400;
st. Paul, l1.6O0; Western Union, $500.