St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-12
FINANCIAL.
New York.

NEW YORK, Aug. 1.-THE trading in
the share market today has been very
light and the speculation without I'M
portant features. The unfavorabIe crop
report caused general depression at
the opening, which was not confined to
the railroad list, but was communicated
to the induslrials, though in less de-
gree. The arbitrage brokers were sell.
ers of small lots OF l.. & N. Union
Pacific, Northern Pacific preferred and
st. Paul. and the London cables showed
American securities 10 be weak in that
market. There was, however, no
great pressure to sell, and on small
covering movement the market became
somewhat firm before the end of The
first hour. After IL o'clock the specu-
lation became intensely dull, especially
for the usually active stocks, excepting
Sugar, which, with fe wsOf the special.
ties, monopOliZed what little business
was done. Toward the close the market
became settled in tone, some shares re-
cording advances, and the market closed
fairly steady, with prices generally IL
@115 per cent below the final quotations
of yesterday, the latter Pullman on
sales of 100 shares. Some few stocks
recorded advances. including Chicago
Gas and Distilling. each Il. Sugar rose
al Liz lOSSuCO 70,
lied 81, reactlng 4 In the final dealings
and closing unchanged from yesterday.
There were free offerings of Sugar IN
the loan market at Ia per cent.
Atchison, General Electric and Louis
vile Il Nashville closed at yesterdays
last sales. The week has been full of
interest to the speculative fraternity,
the Atkinson incident being rather
exciting feature and keeping the street
ON the qui wye up to the very close,
when it was brought TO termination
by the acceptance of President REIN
harris resignation from the directory
and us receiver of the company. While
Reinhart has some supporters, the
general opinion is that his reply TO
Expert Little's charges that he over
stated the income of the road for the
four years Immediately preceding June
80, 1894, does not meet the issue
squarely, and the representatives
of the London and Amster-
dam security holders state that
they do not regard his letter to the re-
organization committee as an answer to
the Little report. 1t has been decided
to take no further steps toward perfect
ing reorganization until after Little's
examination of the Atchison's books,
which is still in progress, is completed.
Conjecture is now busy with the Ques-
ton OF Remnants successor as president
and receiver. The names of X. S,
Hayes, chairman of the general reor-
gaDization committee; First Vice PIesi-
dent ID. b. Robinson, of the Atchlson;
President A. A. Robinson, of the Mex
lean Central, and President s. NJ. Eel
ton, of the Queen q Crescent system,
are mentioned in this connection.
In the general stock market prices
have appreciated on the week as rule,
Lead preferred showing an advance of
~; do common, 81; b. d o., 4: Man
haitian and Western Union, each 8; ID.
d R. q. preferred, 2%; Illinois Central,
23s; Louisville q Nashville. "a; Ore
gor Nav. and Cotton Oil common and
preferred. III; N. Y. e. and Erie pre-
ferred, d; New England. rs; and n.
J. c., st. Paul aud Omaha preferred,
and Richmond Terminal preferred, 2.
The principal declines are Ohio South
ern Il; Chicago junction. 8; st. Paul,
MINI. d Man, 80; Pullman, 2A;
American Express, per cent.
Activity has marked the bond DEAL
ings during the week. aud The ten
dency has III the maln been towards
higher figures. In the latter dealings
there were partial recessions and the
trade was slightly unsettled at the
close. The principal changes of the
week are:
Advances -MiDneapolis s. st. Louis