St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-10
FIN ANCIAL.
New York.

New YORK, Oct. 9.-There was no
settled tone to the speculation today,
but the general trend of prices was
downward. and with some few eXcep-
tons, tho closing figures show losses
On the day ranging from d to 1as per
cent, the latter in Illinois Central, on a
sale of 100 shares. London led off
as seller at the opening, but there are
strong suspicious that the sales were
really for the account of bear operators
in this city. The London market for
American securities was, however,
heavy OH reports of the probable
importation of gold from here in the
near future. 1t may be, therefore.
that the foreign selling was by the for
elgners themselves. st. Paul and Louis
vile & Nashville were most heavily
sold, but the other arbitrage specialties
were also i'll the selling movement. Lit
tie news of either favorable or I'M
favorable character was stirring today,
and the speculation was largely con
fined to the traders. which is to say
that it was in the main featureleSS and
unimpOrtant. The chief activity was
in Sugar, the clique which moved it
up a per cent in the early dealings sent
it down 1ss. rallied it " an Hammered
it off per cent to sou and closed
it TX above the lowest and Is over
last nights closing sale. ST. Paul
was unfavorably affected by report
that the earnings of the first week i'll
October would show heavy decrease,
and this. with the London selling, broke
the price l3s per cent, of which only 4
had been regained at the close. Bur
lIngton & Quincy q declined and recov-
rallied "a. Northwest lost % and re-
covered Il. Chicago Gas declined ss,
advanced a and closed within Is of the
highest. Louisville q Nashville broke
156 on London sales, recovered only IS.
General Electric was neglected during
the morning, but sold down sharply
during the afternoon on advices
regarding the aggressive policy OF
the opposition company; decline OF
TX was recorded III the stock, with a
final recovery of l per cent. Manhati
tan was more active than usual, but
was weak and dropped per cent, to
11S14. closing at recovery OF q. Rich
mond Terminal sagged off per cent,
but recovered Is on a report that nego-
tiations for the ABSORPTION of the Queen
and Crescent route into the system was
concluded; in the preferred stock de-
clined l per cent. Declines are also
established Of l per cent In Pittsburg.
Cleveland, Columbus q st. Louis and
Laclede Gas preferred, q in Canada
Southern and Lead and u in Tobacco
preferred, Chesapeake q Ohio and
Southern preferred. Bay State Gas
shows a gain on the day of ~, Della
aware & Hudson, Mobile & Ohio and
Rubber l, and Brooklyn City railroad 3
per cent. The market closed about
steady.
The bond market was irregular
throughout the day, with tendency
towards lower figures; an active bust
ness was done, sales aggegating Sl,097,-
| 600, with Texas Pacific most prominent
| In the dealings. The prominent changes
of the day are:
Declines-New York. Brooklyn &
Manhattan Beach firsts. 81; Reading
seconds preferred. ~; Richmond Ter
minal stamped 6's, Minneapolis u st.
Louis frsts, Southwestern ext sion
and Chicago & Northern Pacif rsts
trust receipts, ~: Rio Grande & West
ern firsts and Fort Worth & Denver
City tirsts, II Colorado Coal and n 6's
Erie second consol receipts. Erie third
! mortgage, Kansas Pacific consols, South
ern Pacific of California consol Us, and
United States COrdage. per cent.
| Advances-St. Paul & Northern Pa.
cific registered certificates and Duluth,
South Shore & Atlantic SIS, per cent:
st. Paul q Omaha consols. ~; Albany