St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-06
FINANCIAL.
New York.

NEW YORK, May g. The speculation
on the stock exchange today was mon
OpoliZed by the industrial group, almost
half the transactions being in Sugar.
On the railway list Atchison was most
active, but was traded in only to the
extent OF 5000 shares, while the deal
lngs i'll the erangers footed up less than
5000 shares. The only interesting
feature of the market was Sugar, which
was pressed for sale at the Openiligto
realize profits of the recent advance.
Opening q higher, the price broke
per cent. when supporting orders caused
a recovery Of the entire loss. and then
the stock was held steadily until after
IL o'clock. Another realizing move
lnent was then started which sent
the figures down again. Support was
lacking and very soon stop orders were
reached, causing break that was not
checked until a loss of AZ per cent had
been experienced. Some of the shorts
who did not care to leave their lines
out over Sunday began to cover and
their purchases caused rally of ~
per cent, the closing sales being at IA
decline from yesterdays closing of 25s
per cent. Sugar preferred rose n at
opening and declined IA, making net
loss of per cent. There were rumors
OH the street to-day that perhaps the
settlement of the sugar schedule of the
tariff bill in the interest of the refiners
might not be easy as was anticipated,
and that further complications were
likely to occur. The industrials sympa-
thized with the weakness of their leader.
Disabling declining rs to 1875, stop
orders having been uncovered alta. The
final sales were in better tone, the stock
recording recovery of Il per cent.
Ghioou xxipl,
rally OF IS per cent. National Lead,
which gained e in the early trading.
receded per cent. recovering n. The
rest of the trust stocks were not dealt
in to any extent, and merely lost & to
a i'll the day. Atchison gained Is. and
reacted n, recording decline of Il
from yesterday. OF the gran
gers, Northwest is unchanged. Bur-
lington q Rock Island Is
higher, and st. laul a lower. Hook
ing Valley shows a decline of II, and
Wheeling Lake Erie preferred 10.
Nearly all the rest of the list being $50
"a lower. The exceptions are W. u, |;
Louisville & Nashville, Reading, Mis-.
souri, Pacific and Tobacco were small
fraction higher, and st. Paul, Minneap-
oils u Manitoba, which advanced per
per cent. The period of greatest de-
preston was after half past IL O'Clock,
but Slight rally took place in the
final dealings and the market closed
fairly steady,
The share speculation during the
week was irregular and unsettled and
the last prices made III majority of
cases are below the closing figures of
Saturday, week ago. the more notable
haven, Q; Wheeling Il Lake Erie
preferred. rs; New England, rs;
Reading, ~; New Jersey Central. ~;
Duluth, South Shore 81 Atlantic pre-
ferred, q; Tennessee Coal and Iron pre-
ferred, 81; and Phoenix Mining, per
cent. The shares which gained per
cent are: st. Paul, Minneapolis Il
Manitoba, 4; Metropolitan Traction. ~;
Sugar. "a,
The bond market today was dull and
without important change except that
Manhattan consolidated 4s declined II
per cent. The general tone of the mar :
ket was firm. The principal changes
on the week are: Declines-Erie sec
onds trust receipts, ~; Utah Southern
generals. z; Union Pacific collateral
trust, ~, and Reading first pronouuces,
a: Reading seconds and thirds, 2L, and
Reading thirds convertible, "a.
Advances = Missouri Pacific thirds,
Peoria, Decatur & Evansville firsts,
Wheeling 81 Lake Erie IS aud Louisville
& Nashville. New Orleans 6 Mobile
seconds. per cent.
The Evening Post says: During ten
years past the notion of foreclosure and
extinction of an important railroad
stock has been slowly fading into a
| theory, the practice of which, under the
disapproval of the banking interests,
| was no longer to be looked for. Instead,
the company's creditors were expected
| to share heavily in making good the
losses of their debtors. There have been
| many signs Of late that these taciI sur
| renders Of their rights by bondholders
will no longer be tamely tolerated. This
is in many ways wholesome develop
ment. It's good results in the field of
| bond investment cannot be doubted.
But ito influence on the shares of bank
rnpt railroads will be an interesting
study.
The Total Sales OF Stocks
to-day were 103.2l3 shares. including:
| Atchison, 4.000: American SUGAR. Il. 0G0
| burlington. LOCO; Chiago Gass ~. l0t |