St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-09
100000
To Loan on St. Paul Real Es-
tate.
St. Paul Title Insurance ! Trust Co
FINANCIAL.
New York,

NEW YORK, May S.-Were it not for
the heavy transactions in Chicago Gas
the market would have been tame in
deed. What little activity there was in
the rest of the list was confined to st.
Paul, General Electric. and e. b. & @.
At opening of business sugar was
heavily pressed for sale and quickly
declined 81 per cent. The break was
credited to manipulation by the Sugar
pool with the view of forcing the shorts
to extend their lines. and the bears
helped TO seud the price down by add
ing to the bulk of sales. When the low
point was touched buying orders came
in. which caused rally of IN,
butrenewed selling sent the figures back
20 within e of the bottom price OF the
morning. Later in the day, recovery
of TX was made, of which per cent
was subsequently lost with final rally
of Il, the closing sale being decline of
tx per cent on the day. Sugar preferred
lost " per cent; st. Paul after de-
cline of q rose "a. Then drive was
made on the stock, but it was very
firmly held, giving way toward the close
a per cent with rally OF & and clos
ing Il above yesterday. 1t has been
learned that the ST. Paul company de-
cided yesterday at private sales to dis
pOSe VI Fl,OUV.pUU vi pVA CSu1 SCuCi al
mortgage bonds to reimburse thetreasury
for OUTLAWS for equipment and to retire
maturing bonds. There are stillin the
treasury 81, 735. 600 of these bonds, avail
able when occasion requires. B. q 0.
receded IS on the morning sales, but
rallied promptly, selling up "A. of which
Is was lost at the close. Rock Island is
unchanged OH the day. and Northwest
4 higher. General Electric was sold
for the Boston account at the opening
and receded % per cent, then on fairly
good buying advancing e. Late in the
afternoon another selling movement
was developed in the stock and break
of 11s per cent was made, the closing
mark. The general market moved slug
gishly and with irregularity, the pre-
vaiIing tone being Ndullness. and the
fluctuations, as rule, being confined to
narrow limits. The speculation was
heavy during the last hour, and closed
weak. The only changes in price ex-
ceeding fraction were: Declines OF
pei cent in Michigan Central, II in
Duluth. South Shore & Atlantic. ~ in
Evansville & Terre Haute and per
cent in st. Paul q Duluth preferred.
Comstock Tunnel advanced l per cent.
The bond market was generally weak
throughout the day and closed irregu.
lar. The principal changes in prices
are: Advances-Toledo, Ann Arbor &
Grand Trunk lists, AZ: do Mount Pleas
ant IS, a: Mobile & OHIO new IS. ~:
American Cotton Oil IS. IL; Louisville
d Nashville consols and do L., o. & NJ.
lists. each per cent
Misunderstanding & Western 4s. 2;
Chicago Il Erie incomes, u; AtchiSon
Eds, l; Lehigh & Wilkesbarre consols
assented, Northern Pacific 3ds and
Ohio Southern IS, each l per cent: Gal
weston, Harrisburg q San Antonio DDS
sold at 100, against s. the last sale,
Dec. 81.
The Evening POSTS London cable
gram says: The markets were depressed
today, but closed better. The rise in
the Argentine gold premium to 292
brought general fall in all Argentines.
There is no trustworthy news as to the
situation, and it is believed to be bad,
though perhaps not amounting to any
actual crisis.
Americans were dull. but better at
the close.
The issue today of the India treasury
DlllS and metropolitan stock was APP.
piled for six times over. The issue in
each case was e2,000,0O0. The Bank of
England is investing more freely and
money is consequently abundant, and
loans to the stock exchange tomorrow
will be at low rates.
Silver was unchanged. Ninety thou
sand in gold was bought.
The Total Sales OF Stocks
to-day were 202.311 shares. including:
Atchison, 800; American Sugar. 1l4,-
900; Burlington, 5000; Chiago Gas,
5000; Distilling $500; General Electric,
II, 1000; Louisville and Nashville, 800;
New York and New England, $500;
Rock Island, 2.9C0; st. Paul, 1900;
Western Union. $500.