St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-13
MONEY TO LOAN
On Real Estate Security.
FAVORABLE TERMS
e. w. PEET & SON
Manhattan Building.
FINANCIAL.
New York.

NEW YORK, Sept. 12.-The speculation
in the stock market today, except dur
ing the first hours of business, was
strong in tone, but the volume of trans
actions was rather light. At the open.
ing drive was made by the bears on
the general list, which was induced by
the heavineSs of American securities OH
the London exchange, and by moder-
ate selling movement in this market for
the foreign account. Under this pres
sure prices gave way materially, Sugar
declining II, 10 1885; Burlington Il
Quincy, rs, TO 1873; U. S. Cordage, ~.
to 10; Mimi: d st. Louis preferred,
~, to Is; Iowa Central preferred,
fractions with some few unimportant
exceptions. The depression in Sugar
was due to report that the directors
were not unanimous in their declara-
ton OF the dividend, and that one of the
leading members of the board was in
favor of making the dividend per
cent. The conditions were not favor
able for a bear movement. All the
dividends as to which; there have been
doubts have been declared at the regular
rate, and the Western Union came
out today with favorable report
and dividend. News from the
reorganization committee was rather
favorable. A ready absorption of the
stocks offered for sale checked the
movement of the short interest, and a
gradual improvement in values was
begun which, with an occasional slight
reaction, continued 10 the close. The
early declines were rapidly recovered in
most instances, and during the after
noon higher range of values was
established, the market closing firm at
very general advance of 11402 on the
days transactions. The strength of the
coal stocks was marked feature of the
speculation, and WIS accompanied by a
rumOr that new coal combination was
about TO be formed. OF course the rise
Ill Reading was assisted by the reported
progress toward reorganization. Ore
gon Short Line gained 15S. Sugar sold
up Ia from the low point of the morn
ing, and reacted a. retaining gain Of
4. Burlington q Quincy recovered all
but Is of the morning break. COrdage
and Minneapolis & st. Louis each re-
covered l5s. Distilling was weak all
day, closing at the lowest point touched,
which is rs below the final sale of
yesterday. The depression in the
shares was due to the &C
ton of the holders of rebate
vouchers of the company appointing
COullIIltIe6 W pTOltCt tuelT INTERESTS ana
examine the affairs of the company.
Iowa Central preferred made no re-
covery and is down ~. The other
losses are fractional. st. Paul, North
western, Atchison, Missouri Pacific,
Southern. c., e. Il st. Louis and North
ern Pacific preferred are unchanged on
the day. A generally firm tone marked
the business in the bond market today,
and considerable activity was developed.
The transactions aggregated 1885. 900.
Northern Pacific dividend scrip opened
at 35 and sold up to 40. Of the tluctua-
tions of note are:
Advances-Terminal Railroad of st.
Louis, asst. firsts. 415s, 81; Seattle,
Lake Shore & Eastern firsts, trust re-
ceipts, 2; United States Cordage tirsts
and Minneapolis & st. Louis frsts, Iowa
extension. "; Chesapeake Il Ohio
Southern 6S, and Toledo. st. Louis &
Kansas City trust receipts. u.
Declines Burlington debenture SIS,
II per cent, and st. Joe & Grand
Island firsts l.
The Total Sales of Stocks
today were 1S5.205 shares. including:
Atchison, 8, 400; Sugar. 50, 400; Burling-
ton, 1850; Chicago Gas, 4. 100; C. Il o..
5000; Distillers', 1,200; New York IL
New England third asst. paid, 400:
Reading. 600; K. & w. p. certificates,
third asst. paid. $500; Rock Island,
800; st. Paul, 1920; Southern rail-
way, W. l., $500; Western Union. $500.