St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-28
FINANCIAL.
New York.

NEW YORK, Sept. 27.-Sugar and Dis
tilling furnished more tnan halt the
business of the stock exchange today,
and these two and the others of the in.
dustrial group were the shares which
fuctuated most widely. the tendency
in the main being toward lower figures.
Sugar seemed to have lost a.. Inside
support, and was thrown upon the mar
ket in large blocks. Most of the long
stock put out is claimed to be in liquida-
ton Of bull pools, and the short inter-
est increased their lines materially.
AS a result. Sugar receded rap
idly. with occasional rallies due to
covering, which were quickly wiped
out, and the last sale. made at 9O4, was
the lowest Of the day and AZ per cent
ferred lost ~. All of the recent I'M
favorable rulnors regarding tile condi-
ton of the distilling company were re-
vived, and at times the selling in the
shares was brisk, but without the stock
receded only Is below last nights clos
Ing, and subsequently recovered 4 per
cent. making a net gain of IS. The ad-
missions by Western officials of the
trusts that a reorganization was neces-
sary, and the belief that if this were
accomplished a new set of directors
would be forced into the company, was
the main sustaining quality.
Baltimore q Ohio shows a decline of
/ per cent; United State Cordage pre-.
ferred, Is; Starch seconds preferred.
l per cent; Lead preferred. %,and Lead
common, q. COrdage common and Cot
ton Oil preferred are up Il per cent;
Leather preferred. %, and General
Electric. d. In the railway list the
n nnrS x1-nt.n rnnCf nranttnnrt in tha
dealings. and, except st. Paul, which
stands unchanged on the day, show
fractional gains as a result of the days
trading. Burlington & Quincy was
firmly held during the morning, and in
the afternoon. on covering of short con
tracts, rose l per cen to "a, closing only
x below the best. Rock Island, after
receding 4, advanced Is and reacted d;
st. Paul moved within a range-of "a
per cent throughout the day. advance
ing g, reacting Is and rallying 4.
Northwestern rose Is and held the gain.
The supply of floating stock of the
grangers is rather limited, and accounts
partly for the small operations of the
bear side. Western buying of Chicago
Gas sent the stock up "a per cent in the
early trading. but on the cessation of
this purchasing movement the price
SdSRcu VILE dllu al tIC ClOSC lil0
entire appreciation was lost. Read
Ing was bought on Philadelphia
orders, advancing % and there were re.
ports that the plan of reorganization is
gaining ground, but there was little de-
mand for the stock in the late dealings,
although NJ pressure to sell and a d
per cent reaction took place. Manhat-
tan broke 219 per cent on the placing of
q block If stock on the block and rallied
Il. In the rest of the dealing it was
very light and speculation unimpOrtant,
the only changes on the day above a
fraction being declines of 4 per cent IL
Consolidated Gas, and ~ in American
Express and an advance Of 4 per cent in
st. Paul Il Duluth. The market closed
firm.
The bond market was fairly firm In
the early dealings, but became easier
during the afternoon, and closed I'M
settled. The days transactions aggre-
gated s95e,00O. The changes in the
aaiiya issues were shGht but QUA vi