St. Paul daily globe., 1894-06-29
MICHAEL DoRAN JArra noRAr
M. DORIAN & CO..
Bankers and Brokers,
81 Jackson St.. St. Paul, MINI.
FINANCIAL.
New York.

New York, June 2s.-Speculative
values received setback today, for
which the extension of the Pullman
strike to the st. Paul railway was large!
ly responsible. There was little else to
account for the reactionary movement
In prices. Itwas the influencing motive
which led to the selling for the London
account which swelled the volume of
business during the morning. The
trading was light in all but three stocks,
Sugar, st. Paul and Burlington &
Quincy. Sugar opened steady, reacted
u, advanced e and then on brisk SELL
ing for the Washington as we'll as for,
the local account broke 255s. rallying q
and closing at a reaction of q at
a decline of q on the day. The de-,
preston in the stock was due to
reports that the majority counted on
passing the sugar schedule in the SEN
ate, is rather small. Senator Sherman
was quoted. in the Washington dis
patches as making a statement to this
effect. There was some selling of ST..
Paul at the opening on the strike on the
road. but there were some good sup
porting orders in the shares and the de-
cline was resisted. The depreciation,
however. continued steadily. and about
2 o'clock a decline of per cent from
last night was recorded. A subsequent
recovery of q was made. and final re-
a loss of q on the day. Burling-
ton was sympatheticailY depressed,
declining a and selling up 81 during
the morning. and declining gradu-
ally i'll the afternoon, closing X below
the highest point tOu ched, and scoring
a loss of "a from yesterday. Northwest
declined l on sales of 400 shares. Rock
Island was moderately active. losing X
at the opening and quickly gaining u :,
then. with the others of the group, IT
declined 11s. closing a above the low
est figures made. Lake Shore and
Union Pacific declined per cent. and
~; General Electric lost 4 and Pull
man *: Michigan Central and Iowa
Central preferred each advanced 1M,
and Cotton Oil preferred 1as. and Louis
vile, New Albany. common, II. Ar
rahgements. it is said, are nearly COM
pleted between the receivers of the At
Gibson road and the New York, London
and Amsterdam committee by which all
three of the committees shall Jointly
purchase the January coupons of the
general mortgage bondholders. thereby
avoiding an issue of receivers certif-
icates. j. Pierrepont Morgan has been
conterring with his associates regarding
the Union Pacific reorganization since
his return from Europe. and a move
ment toward getting affairs into shape
is likely to occur soon.
The bond market was steady early in
the day, but became irregular In the
afternoon and closed easier. The action
Ot the governing committee of the stock
exchange i'll authorizing the common
stock list to place the Northern Pacific
consolidated fiveS certificates on the list
when the reorganization committee
has received assent of majority
of the bonds has caused some
sold today at 251a to 25. The reorgani-
ZatiOn committee lacks assents of about
S4.OO0.00o to have a majority.and until it
obtains them the certificates cannot be
listed.
International & Great Northern 2ds
sold at 60. against 6S on May IA. The
other leading changes are:
Declines Chicago, Burlington g.
Northern 5s and Union Pacific collat-
eral trust Is, 2; Erie third mortgage,
~, Atchison DDS, st. Louis & San
Francisco consol As, st. Paul. NJ. & NJ,
Montana Central 5s, l per cent.
Advances-St. Joe 4 Grand Island
lists. ~; Grand Rapids & Indiana AIS,
~; Des Moines Il Fort Dodge 211ss, TX;
Duluth & Manitoba lists. "; East Ten
nessee lists and Burlington, Cedar Rap
ids & Northern lists, per cent.
The Evening Post says: Prices wa
vered today from the start. and then
yielded under tree professional selling,
the evident basis for which was the
progress of the extraordinary Pullman
strike. The financial community dues
not, of course. look on this mad upris-
ing as danger because of its probable
success. NJ one has yet been able to
discover how its success is possible, but
its more or less discouragimg influence
lies in the common Interpretation of it
as sign of the times.
The Total Sales OF Stocks
today were 113.sO2 shares. including:
Atchison, $500; American Sugar. Al
600; Burlington, 10.900; Chicago Gas,
$500; Distilling & Cattle Feeding,
10000: General Electric. $500; Missouri
Pacific, 2.GO0; Rock Island, 1890; st.
Paul, $4,000; Union Pacific, 3.7O0.