St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-28

New York.

NEW YORK, Jan. 81. - There was
hardly sufficient business done on the
stock exchange today to constitute a
market outside of New England, West
ern Union, Sugar, st. Paul and Louis
vile u Nashville, and of these the first
named alone fuctuated outside of a
limit of Is per cent. At the opening
the prevailing tone was firmness and
prices were small fraction higher, but
there was little or no buying and a
slight reaction ensued, the market going
down Of its own weight, rather than by
reason of any pressure to S ell. 1t was
not until the last half hour that the
traders began selling New England,
which for lack of support from any
quarter broke 254 per cent, closing at
the lowest figures touched. The drive
at this stock. induced by the receipts of
selling orders from Boston. the bears
making demonstration in the
hope of catching stop or
derS, but without much success.
The general list was not materially
affected by the break in New England,
and closed fairly firm. London houses
bought moderately of st. Paul and
Louisville IL Nashville IN the early
dealings, and there was some covering
in Sugar. Little or nothing was done
in the grangers outside of st. Paul, and
DistiIIing and General Electric were
entirely neglected. The liquidatory
sales made yesterday in Western Union
were not renewed today, and there
were evidences that an effort was being
made to buy back the shares without
raising the price materially. Compared
with the final sales yesterday, the
changes at the close were as a rule
fractional, exceptions being Denver
IL Rio Grande, which is II, and
New York, Chicago & st. Louis 8
per cent higher. and Minneapolis 81
ST. Louis preferred II, Cordage pre-
ferred 2, and New England 2a lower.
On the transactions of tue week the
most notable changes are advances of
Is per cent in Rensselaer, q Saratoga;
PittSbnrg, c., g. 81 st. l.. preferred; 4
in B uffalo, Rochester d Pittsburg; in
st. Paul, Minneapolis 81 Manitoba,
Evansville q Terre Haute and United
States Express; 2 in Rome, Watertown
Il OgdeEsburg; rs in New York. Chi
cago Il st, Louis, and 80 In New York.
Chicago IL st. Louis first preferred, and
declines of 81 in Consolidated Gas and
Rubber preferred, 81 Rubber common :;
81 Cordage preferred, ~ Cordage COM
mon; 3 Wells Fargo; 81 Sugar, 3 Sugar
preferred: pa Lead preferred, ~ Lead
common; 25s New England. and per
cent Delaware & Hudson and Mime
apolis & st. Louis preferred. The rail-
way and miscellaneous bond market
was firm throughout and fairly active.
Northern Pacific thirds, Ohio q Mis-
sissippi seconds and Peoria, Decatur
& Evansville firsts advancing 2 per
! cent. Seattle, Lake Shore q Eastern
! firStS declined ~. st. Louis d San
! Francisco general SKIES advanced z, do
| fives, ~; Union Pacific collateral trust
SKIES, 3; do fyes, 4; Syracuse, Bling
/ hamton 81 New York tirsts, 5; Atchison,
Colorado q Pacific firsts and Union
! Pacific skies. collateral trust notes, AZ !;
Oregon short line SKIES, Northwest
| sinking fund debenture fives of 1888
and st. Paul u Duluth firsts, 81; chi
( cago, st. Louis and New Orleans consol
| sevens, Z; firsts, 81 Oregon Navigation
| fives, Peoria, Decatur & Evansville
seconds and Brooklyn Elevated firSts, g.;
Northern Pacific tirsts, 2; do seconds. 4,
! and do thirds, 21s per cent. The only
/! securities which recorded a decline of
! over per cent are Seattle, Lake Shore
q Eastern tirsts. 145s; Louisville &
| Nashville SKIES. 8, and Central Pacific
land grants, 81 per cent.
The Evening Post says: There was
no demand for stocks today. and no
pressure to sell, hence the swapping
OF shares by small professional specu-
lators to even up their contracts had
practically no effect Oh prices. Taken
| altogether, the market, such as it was,
| showed firmneSS, and there were more
gains than losses.
The Total Sales OF Stocks
today were 1880 shares. including !:
American Sugar, $500; Burlington IL
Quincy, 1900; Chicago, Gas, 1,200; Erie,
l,4O0; Louisville d Nashville, 1900;
New York & New England, 1l.7OO; St.
Paul, $500; Western Union, $500.
SIOcks-CiOsing.