St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-21
c. eco
Investment Bankers.
Dealers in Eirst-CiaSs
Bonds, Bank Stocks and
Commercial Papers.
Money to loan in Large Amounts.
=OFFICES-
Germania Bank Bldg, and Temple Court,
st. Paul Minneapolis
FI.tAsCI.Al.
New York.


NEW YORK, june 3d. Speculation
on the stock exchange today was dull
and generally undressing. being
practically confined to the room trades.
The failure to make public today the
AtchiSon reorganization caused some
doubt as to the ability To reach an agree
mtnt, but it is authoritatively asserted
that the main points DIT issue are settled.
that the foreign committees have signi-
fed their acceptance OF the plan and
that it will be publ shed tomorrow. 1t
is reported now that no collateral trust
bonds will he Issued: tnat the issue of
second mortgage bonds will be sos, 600.
600. which is S5,0oO.U00 more than was
at first proposed. and that the new i'll
come bonds. as we'll as the stock, shall
be entitled to vote for the
first beard OF directors. The stock of
the company was more largely dealt in
than usual today. tiuctuating between
6M @64, the last sale being at 65s, a
gun of a on the day. Sugar was most
prominent i'll the transactions. At the
opening brisk selling movement. en-.
SthSSiSo ~ pOoi OlohSlos oSht Vic olOCh
down. and report was circulated that
the discrimination >of l-10c against
German refined sugar would be res
moved. When the pressure was re-,
moved rally of e took place, when
was followed by another decline of,
l 4 TO g6Y. The lower range of values,
induced some covering. which resulted
in gain ! q. with 4 final reaction
of Il. making the loss on the day *. A
raid was made on Chicago Gas in the-
early dealings. which forced the shares
down l, to 7S11s. AS it was purely a
piece of manipulation, without any APP
parent reason for the decline, the stock
rapidly recovered under moderate buy;
ing, selling up to 794. and closing
within Is of the highest point touched,
and just even OH the day. r. =
The grangers were neglected, ST. Paul
being the only one of the group which
made any show in the dealings. Central
Pacific broke 24; Oregon Navigation
fell off on sales of two lOO-share lots.
The changes in the rest of the list were
only fractional. AT the close the market
was barely steady.
The bond market was weak all day,
and the volume of business light. The
PRINCIPAL changes are:
Declines Little Rock & Memphis
firsts. 3; Iron Mountain. Cairo. Arkansas
4 Texas division tirsts, ~: Union Pa
clfic IS of 1896, 215; do 97s, z; and do
Denver & Gulf hrsts, ~; Toledo. st.
Louis Il Kansas City tirsts. 2; Colorado
Coal and Iron Us. ana l.. q N. U. .. Il
Nj. firsts. ~: Kansas Pacific consols
and Oregon Short Line Is. per cent
Advances-East Tennessee divisional
IS. 215; Knoxville d Ohio firsts and
Louisville & New Albany consols, u;
Burlington. Iowa division, Is, and RIO
Grande Western firsts, per cent. DE.
troit Gas company IS sold at GU, against
66 on March Is.
The Evening Post SAYS: On the whole.
the stock markets movement continues
of very rational character. 1t Is dull,
and prices neither rise nor fall to any
great extent. But since in the majority
of stocks outside investors will neither
buy nor sell, this state of things reflects
with perfect accuracy the general situa-
ton. As for the spectators, the pow
erful stock exchange pools have tenn
pOrarily retired from the business, and
no small adventurer will risk his safety
very far from shore.
The Total sales OF Stock.
today were lO6,7S2 shares, including:
Atchison. $500: American Sugar. IS
300; Chicago Gas. 1900; Distilliug,
10.100; Erie. $500; Northern Pacific
preferred, 4.S00; st. Paul, $500; Union
Pacific, 4,400; United States Cordage,
$500.