St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-15
C.ERNST&C Co
Investment Bankers.
Dealers in Efrst.Class
BOnds, Bank Stocks and
Commercial Papers.
Money to Loan in Large Amounts.
-OFFICES-
Germania Bank Bldg, and Temple Court,
ST. Paul. Minneapolis
FINANCIAL.
New York.

NEW YORK, March 14.-EXcept dur
ing the hour between IL and l O'Clock
today the share speculation was fairly
active, and the business was we'll dis
tributed throughout the list. In the
early dealings the market was strong in
tone with good buying.in which London
participated as a purchaser of AtchiSon,
st. Paul and Louisville d Nashville,
and to small extent in Missouri Pa
cific. But as the day advanced the buy
ing movement became less pronounced,
and unfavorable influences affecting
special stocks not only depressed these
particular shares, but communicated
weakness to the general market, and at
the close the active list, with but few
exceptions, showed decline on the
final figures of yesterday. The
almost certainty of gold shipments
being made on Saturday, and
the unanlmity of opinion that the ell.
actment of the seigniorage bill would
increase the flow of gold to Europe
were disturbing elements of the specu-
lation and encouraged the shorts to
hope for a lower range of value s.
Western Union was sold down in the
opening dealings OH rumors of all I'M
when issued, confirmed the reports put
in circulation, showing as it did, an
estimated deficit of over 1878. 0o0.a gainst
a surplus of over Sl56, 900 for the same
quarter of 1893. The stock was sold
quite heavily and recorded decline on
lhe day of lis, closing at the lowest
point touched. UnTavOrable reports
received from Chicago to the effect that
the opposition 10 Chicago Gas was gain
ing ground, depressed the shares OF the
company and caused heavy sales there
of, resulting i'll decline OF 213.
In the late dealings there was re-
| covery of Is. all of which was lost in
the final sales. Disabling led i'll the
transactions, and was bought freely
| during the morning on reports con-
| firmatory of the statement that the man.
| ayers had made satisfactory arrange
| ments with the American Dislilling
company for obtaining additional work.
| ing capital. An advance of & was re-
corded before noon. after which the
! buying became light. and OH realizing
sales reaction of q per cent took
| place, of which a was recovered at the
close. The grangers were among the
| firmest of the active list, advancing 40
| "a on early dealings, SubSe Quently losing
the Improvement and closing at de-
cline from last night of 1S@4. Atchison
was more prominent in the trading than
for some time, being bought for Boston
| as we'll as for the foreign aScOunt, and
selling up in the morning hours. In
sympathy with the rest of the market,
the stock reacted g i'll the afternoon,
rallying X. 1t is said that negotiations
relative 10 the collateral trust reOrganl-
Zatlon plan are under favorable consid.
Grafton by prominent houses here and
in London. Missouri Pacific felt the
influence of the favorable annual report
published yesterday, which induced
purchases of the shares, causing an adj
vance of 154c per cent in the early trad
ing. The higher figures brought
about realizing sales, and the
bears made small raid. causing
reaction, and the final sales were
at decline of ~ per cent from
the top price. General Electric was
weak on liQuidating sales, and declined
steadily from the opening to the close,
the last sale being at figure ~ below
the final quotations of yesterday. Lard
and Delaware IL hudson preferred,
per cent. Some few of the usually in
active shares made an advance ON the
day, including:
Chicago d Alton, 81, and Console
dation Coal and PiitsDurg, e. q. d St
Louis preferred, per cent.
The railway and miscellaneous bono
market was very firm all day. The
principal changes are:
Advances-St. Paul frsts. I. & M.
division. AZ; St. Paul. Nj. & NJ. oivis-
ion, tirsts, 81: st. Paul, L. q d. division
firsts. 2; ST. Paul, M. Il Nj. seconds, 2:
St. Paul consols, "; Erie seconds, ex-
tended. 8; Iron Mountain fves, 219
Detroit, NJ. II NJ. Land Grants, 2; C.,
G., G. & l., general, ~; Central Pacific
skies of '97, l5s, Lake Shore divisional
sevens and Southern Pacific. of Ari.
IONA, frsts. each ~; Chesapeake &
Ohio SKIES of 1911 and Wabash seconds
each /.
Declines--OregonI improvement firsts
Tennessee Coal and Iron, Birmingham
division. iirstS. each l.; Toledo, Ann
Arbor d North Michigan irsts sold al
IS. against 7O1z. the last registered sale
The Evening Post says: This weeks
buying has been most marked in Atchi
son stock, and is encouraging. II must