St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-26

investment Bankers.
Dealers in First-CIass
Bonds, Bank Stocks and
Commercial Papers.
Money to Loan in Large Amounts.
-oFFICES-
Germania Bank Bldg. and Temple Court
ST. Paul Minneapolis
FINANCIAL,
New York.

NEW YORK, Aug 25. - With the
exception OF a brief period of frmness
at the opening of business and in the
final trading, speculation on the stock
exchange today was heavy in tone, and
the transactions resulted in the estab-
liShment of lower range of values, eX-
tending from s to "a per cent, the
latter in Distilling. The chief interest
of the market was conferred in Distilling,
the sales of which were very heavy.
There was good buying in the stock in
the early dealings, and an advance of
Is per cent was recorded in the belief
that the s5,O0o,OOO loan had been
effected. a dispatch from Chicago,
point by announcing that the
Illinois Trust company, which was to be
the medium of the payment of the money
to take the trusts whisky out of
bond. had not received the funds. AS
the sequel proved. this was but part of
the inside ciique's plan to work the
market. and the scheme worked very
successfully, heavy blocks of the stock
being thrown on the market and some
stop orders being uncovered, the price
breaking AZ per cent to 1871. COnSid-
cradle stock had been absorbed by the
clique all the way down. and at the
the market. whose purchases caused
recovery of II, but the trading i'll the
stock was feverish, and subsequent
reaction of per cent took place, with
final rally of q per cent. the last prices
being 81 below yesterdays closing fig
ureS. After close of business the street
was informed that the company had Sc
cured a loan of between $4,000 and
S5.000,000, and that the Illinois Trust
company had taken possession of whisky
in bond at Peoria and Pekin valued at
100000. This removes an unsettling
influence i'll the market, and will tend
to the establishment of healthier mar
ket. The heaviness Of the general list
was generally due to the depression of
the leaders in the trading, though some
of the railroad properties We're some
what untavOrable. Changes in the
week are nearly all in the direction of
higher values, the more important adj
vances being as follows:
Burlington Il Quincy, ST. Paul & Du-
luth, Oregon Navigation, Chicago Il
Eastern Illinois, Chicago junction,
United States Cordage preferred and
Tobacco preferred, 6 per cent; Tobacco
common, 7: Michigan Central. 214; New
York, Chicago IL ST. Louis, 23s do first
preferred, 6; Lake Erie & Western,
%; do preferred, S1a: Louisville Il New
Albany. 2$4; Sugar, "a; do preferred,
Wheeling & Lake Erie preferred, 81;
United States Leather preferred, Rub
Der, 4$l; do preferred. Lead preferred,
4A; Lake Shore, So; Pullman. {. aud
National Starch second preferred, 10
per cent.
The bond market today was irregular
on a moderate volume of business, the
sales aggregating 1851, 900. Green Bay,
WinOna IL st. Paul incomes declined
per cent. Southern Railway IS (when
issued), IL: Atchison seconds. 13s;
Minneapolis & St. Louis tirsts, South
western extension, rose 8 per cent;
Peoria, Decatur & Evansville tirsts,
Evansville division, 4; Oregon Naviga-
ton collateral trust IS, 3; do ptd. 81.
The main changes during the week
were toward higher values, and an adj
vance has been recorded ranging to II
per cent, the latter in Minneapolis II st.
Louis seconds; s in Galveston. Harris
burg & San Antonio seconds; 6 Ill
Oregon Navigation commercial trust
5S; So IN Green Bay, Winona u
st. Paul hrstsi 6 in Seattle, Lake
Shore & Eastern firsts trust receipts;
4$l in Union Pacific collateral trust
AS; Az In Oregon Short Line Is; in
Northern Pacific seconds, Peoria, De-
catur & Evansville firsts Evansville
divsion), Louisville u New Albany
generals: So In Louisville & Nashville
and Missouri. Kansas Il Oregon firsts;
81 In Georgia Southern & Florida firsts
aud st. Louis Il San Francisco gener-
ais, and 8 in Toledo. Ann Arbor 4
Grand Trunk hrsts; Galveston, Harris
burg & San Antonio tirsts show a loss
Of per cent.
The Total Sales of Stocks
today were 164,42 shares, Including:
American Tobacco, 1900; American