St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-17
100000
To Loan on St. Paul Real Es-
tate
St. Paul Title Insurance I Trust Co
FINANCIAL.
New York.

New YORK. Sept. 15.-During the two
hours of business ON the stock ex-
change today some so, 600 shares changed
hands, of which over $4,000 were Chi
cagO Gas, 9,400 Sugar. $500 Reading,
1900 Distilling. $500 st. Paul and 5000
Northern Pacific preferred, the tran
sactiOnS in no other stock exceeding
1900 shares, and that figure being
reached only In Louisville & Nashville
and Richmond Terminal preferred.
At the opening the trading was almost
entirely in Chicago Gas. the first sale of
which was at 6S19, a decline of IN from
to sell was heavy.and a further reaction
to 691s was effected in the early deal
Jugs. The depression in the stock was
ascribed to the reports current yester.
day OF prospective war of rates and
growing strength Of the opposition COM
pany, but there is a strong suspicion
that the decline was manipulated in the
interest of The Insiders who desired to
acquire stock at figures below prevail.
quotations of the recent advance. This
view OF the situation was strengthened
by the good buying at the decline, OH
which the early losses were recovered
and a gain of 4 effected on the day, the
stock closing strong within a of the
p highest point touched.sSugar f1uctuated
within range of q. The bears seemed
rather afraid to go short of Sugar over
Sunday, possibly fearing squeeze, of
which there was some talk on the board
Philadelphia selling depressed Reading,
which broke 13s Oh report that the
receivers would demand that the unad-
justed claim of the Lehigh Valley road,
for over million dollars, must be dis
posed OF before the reorganization plan
shall be agreed upon. The shares
closed weak at the bottom figures Of the
day. DIstilling was advanced "a per
cent on the covering of small line of
shorts. reacting q when the buying had
been effected. with a final recovery of
Is, leaving an advance of q. The
granger shares moved irregularly. st.
Paul was sold by London at the open.
ing and subsequently, by room traders,
| causing decline of "a per cent without
"a recovery. Rock Island declined Il,
Burlington reacted Is, rose e, reacted
n and stands unchanged Oh the day.
Northwest gained h. Canadian Pa
elfic broke ~ on a sale of 100 shares.
Northern Pacific preferred was heavy
on sales in liquidation of a
! long account, the stock having been
accumulated, it is said. in the belief
I that a contest would be made at the
I annual election, which is now out of the
/ question. The stock fell off ~ per
cent, with final rally of a. ConsoIi.
+ dated Gas shows decline of IL. Nor
! fol k& Western preferred, l; Louisville,
New Albany preferred, q, and Rich
d mond Terminal preferred and Lead, %,
the other losses being in small fractions.
t Advances were recorded of ~ in To-
bacco preferred, II in Manhattan, ard
q in Lead preferred. In Cordage pre-.
ferred the las. sale was at 81, a loss of
= per cent, but 20 was bid at the close.
The general market became heavier in
the final dealings and closed weak.
The movement In the share market
during the week was irregular, but the
majority of the active list shows de.
clines compared with the figures of Sat
urday week ago, Sugar being about
the only notable exception, making
gain of "a per cent. The stocks which
show an improvement are mostly those
in which the transactions are usually
limited
The more important changes are:
Declines limited States Cordage pre-
ferred, 6 per cent: do common, Ia;
Iowa Central preferred, 81; Chicago
Gas. 3ss, Northern Pacific. ~; Cana
dian Pacific. 2A; General Electric, TX;
Distilling. ~, and the grangers, 4@5,
the latter i'll Northwest.
Adyances-Norfolk & Southern. z per
cent; Delaware. Lackawanna ana Edl-
son Electric. 3: BROOKLYN, s; Brooklyn