St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-08
FINANCIAL.
New York.

New YORK. Sept. 7.-Speculation was
dull OH the stock exchange today, eX.
cept in Distilling. Sugar, st. Paul and
Burlington & Quincy, in which about
twO-thirds of the entire business of the
day was done. London was in the
market only as a small seller of st. Paul
and one or two OF the other arbitrage
specialties. The stock of the Whisky
trust was most actively dealt In, and
there was revival of the unfavorable
rumors recently circulated against this
company which represent it to be in
serious difficulties. Denials were made
from semi official sources, but whether
or not there is foundation for any of the
opinion is general that the Dis
tilling is not a safe investment
by outsiders. The clique which has
been manipulating the stock during the
past weeks were the moving influences
therein today. Heavy offering, in the
early dealings caused break of 13S.
but before noon recovery of Il had
taken place. In the afternoon there was
reaction of q, rally of IS and final
loss of Is. making decline on the day
of q per cent. Sugar was sold during
the morning by the shorts on the alb
sence of supporting orders. recediDg %
covering movement resulted in All adj
vance to 1855, with a reaction of g at
the close. bringing the prices down to
yesterdays closing quotation. St. Paul
opened weak On sales by London houses,
receded a per cent. but be-
fore noon had recovered the en-
tire loss. After midday the room
traders sold the stock down "A per
cent, the closing price being within ~
of the lowest. Burlington & Quincy
after an opening loss of H, rose Is, and
then on sales broke 111s, the last being
the lowest figure Of the day. Atchison
was sold down &c per cent before noon.
when good buying was met, based on a
report that the next annual meeting
will be held next month, and that ma.
jority of the directors will be retired
and that their places will be filled by
prominent railroad financiers, all ad-
vance of e per cent to s resulted.
of which d was lost In the final deal
ings. On a purchase of ITO shares
Central Pacific advanced per cent, and
on small sales Minneapolis u st. Louis
declined ~ for the common and II for
the preferred. American Express
| dropped on sale of 100 shares, and
| made similar loss OH a like sale. The
changes in the rest of the list on the
| days transactions We're merely frac-
tional. and were nearly all in the direc-
ton of lower values. The market was
weak during the greater part of the day,
and was decidedly heavy in tone at the
| close.
The bond market was rather heavy
during the morning, but gained strength
as the day advanced, and was rather
strong at the close. A majority of the
shares dealt in show All advance. The
transactions aggregated S94O, ZOO. The
principal changes of the day are:
Advances = Oregon Improvement,
firsts. 81; do consoI 5s,l1; Rock Island
firsts registered, ~: st. Louis Il San
Francisco seconds. Class Z. 2; Linseed
OIL debenture Is, ~; East Tennessee
equipment IS trust receipts. IL; Cen.
trail Ohio reorganization tirsts, Lake
Shore frsts, LehIgii Valley of New
York tirsts, Union Pacfi.. l.. & c. firsts,
Toledo. Ann Aruor tirsts amt Wabash
firsts, ID. & q. extension. l per cent.
Decliue--tienera Ei-ctr.t. d-b-rture
s., ~; Northern Pacific u Moutaus