St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-10
CITY MORTGAGES
Negotiated on Improved Real
Estate, at Lowest Rates.
E. w. PEET & SON.
Manhattan Building.
FINANCIAL.
New York.

;. NEW YORK, May 9.-Cne chief in
5.terest in the stock exchange today was
4cehtcred in Sugar. Distilling. General
Electric, Chicago. Burlington & Quincy
and st. Paul. Lead was moderately
active. but the restsof the list was in-
tenseiy dull. The shares named are
given in the order of their activity.
which places Sugar in the lead. Ibis
usually mercurial property was excep-
tionally steady today. After a los; of
17s at the opening OH heavy pressure
to sell. the fluctuations during the rest
of the day were confined within per
cent limit. The break was evidently a
teint on the part OF the sugar pool to
induce thu bears to increase the short
interest, for it was followed by offer
angs.of small lots bysppol brokers. the
full decline being. made on : sales of
only about 1.5oJ shares. Some of
the shorts began to cover at the
decline, and their purchases caused
rally of e per cent. Renewed selling
caused reaction of q. which was fol-
lowed by a recovery OF l per cent, OF
which e was lost in the final trading.
making decline of l per cent on the
way piStCAACA iOoG "a toi &c
block of Distilling was for sale, and.
there being no supporting orders, the
stock broke to 23iIa. No depressing ru-
mOrs weie current 10 account for sales,
but there was no particular desire on
the part of any one to buy the stock. and
the closing price was within Il of the
lowest point touched. General Electric
opened II higher and then sagged off
gradually in steady selling until de-
cline of ~ had been recorded. The
sales were believed to be of long stock,
and, in the absence OF anything tangi-
bic 10 account therefor, the old story of
General Electric was renewed. There
was some buying of tbs shares in the
late dealings and the closing price was
"A above the lowest. Reports of rate
cutting and the decline in wheat affect
ed the grangers unfavorably. and there
were selling orders from the West
based presumably ON those conditions.
Burlington & Quincy was also sold by
Boston on revival of the rulnors touch
ing the decrease in the dividend rate.
The decline on the day. however, only
ranged from 4 to Is. the latter North
west. National Lead fell off a in the
morning trading on sales of stuck ac-
nuired in the belief that dividend was
, TO DO declared, rumor to that effect
having been circulated some days ago.
A rally of "a was made in tina late trans
actions. New York Central declined
~, none OF which was recovered. One
hundred shares were sold seller 60 at
N below the current quotation. Min.
neap0lis u st. Louis preferred aud Met
lropolitan Traction declined per cent
each. while Pullman rose ~ and In
terror Conduit tx. In the rest OF the
yv,a rlrof f1,o of nd oh ouroc oro
merely fractional. The market closed
I fairly steady.
The bond market was firm on small
business, the principal changes being:
misunderstanding q Missouri River
tirsts, 80; Chicago & Milwaukee firsts,
If; Minneapolis & st. Louis frsts, st.
Paul & Duluth rs, and Peoria, Peoples
Gas of Chicago firsts, each per cent.
Declines-St. Louis & San Francisco
seconds, Glass G, 8; st. Louis & San
Francisco seconds, Class B. and Wa
bash debentures. series B, each ~;
Northern Pacific seconds. 2, and Kama
wha & Michigan AS. per cent. Ten
nessee Coal and Iron, Tennessee Di-
vision firsts sold at 50, against $50 on
April 49, Baltimore & Ohio. South
western Incomes first, series A, sold at
25T, against 2S11a on April IL.
The Total Sales OF stocks
to-day were 16S,591 shares, including:
Atchison, 2,1OO; American Sugar. A.
400; Burlington, l4,400; Chicago Gas,
$500; Disabling and Cattle Feeding,
$4,000; Erie, 1890; General Electric,
21,OO0; Louisville Il Nashville. 1880;
National Lead $500; New York Cen
trail, 2.200; National Cordage, 1900;
Reading, 1880; Rock Island, 1890; st.
Paul, 1240O.
The Evening Post says: No news of
significance to the stock market APP
peared today, except the announcement
Of 1880, 900 gold engagements for to-
morrow's steamers. This was expected
and had no apparent influence OH prices.
All of the gold was obtained today by
presentation Of government notes for
redemption. which will run the federal
gold balance down close to sos. 600 600.
The irritating fact In these operations is
the unsound financial law which COM
peIs the treasury to put these notes
again Immediately into circulation. thus
reducing the reserve without reducing