St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-03
MONEY TO LOAN
ON REAL ESTATE SECURITY.
FAVORABLE TERr1S. -.zzzA.
E. w. PEET & SON
Manhattan Building.
FINANCIAL.
Rev York.

New GOFAs
NEW YORK, Jan. 2.-The wear 1895
opened on the stock exchange with an
unsettled tone and very light volume
Of business. The failure of the Read
ing reorganization plan was prominent
factor in restricting the dealings. as
we'll as In creating the general depres-
sion which took possession Of the mar
ket in the early dealings. London was
small seller of Reading and illinois
Central, and American securities were
weak OH the London stock exchange,
which added to the heaviness OF the
home market. AS the day advanced.
and the engagement of $4,000 gold
for shipment tomorrow was announced,
the weakness increased and the selling
was in greater volume. There were
occasional feeble rallies extending to a
part of the list, but the trend Of prices
was downward, and the market closed
weak, prices, excepting in few in
stances, being below the closing sales of
Monday. In the railway list the de-
preston was great In the granger group.
Large blocks of these stocks were Of
fered for sale; rumOr had 1t that the
liquidation was for inside interests, and
that it was due to decreased earnings
which would be made apparent in the
December statement. Chicago, Bur
lington & Quincy declined 15s per cent,
with a final recovery of IS. st. Paul
sold down rs, closing at the lowest
ing 4 in the closing sales. Rock
Island receded 4 and gained
&. St. Paul and Omaha made
advances OF % in the morning. and lost
per cent in the afternoon; do pre-
ferred declined l per cent OH the sale Of
hundred share lot. In the cOalerS.
New Jersey Central and Reading were
heavy and declined each l per cent, the
last being the lowestprice made in both
cases. The pressure to sell Reading
was by no means great, and under the
circumstances the shares showed re.
markable steadiness. The otherlmor
important losses in the railway depart-
ment were: Manhattan, 81; Louisville,
New Albany. q: n. Y, Oh. & st. l..
second referred, l. Erie preferred, "a
and Erie common, "a. Erie was de-
pressed by a vague and uncontirmed
rumor that the reorganization scheme
had been definitely abandoned. OF the
industrial stocks, Su gar was most active
aud weakest. The bears hammered the
shares continuously. causing a break of
235 per cent of which only Is was re-
gained at the close. Chicago Gas is
down n; Consolidated Gas and Rub
Der preferred, l; do preferred Is, and
Tobacco. 81.
Advances were established of IA in
Baltimore 4 Ohio. IL in Consolidated
Coal Of MARYLAND, l in Leather preferred
and Edison Electric of New York and IS
per cent in Lake Shore.
There was firm tone to trading in
the bond market during the morning,
but In the later dealings there were
some recession5 induced by the heavi-
ness Of the share speculation. The
dealings were moderate ana aggregated
1858. $50. out of which Southern IS were
traded in to the extent of S146,00O and
Atchison Is 1921. 900.
The principal changes are:
Declines Cordage flrsts, per cent;
Wisconsin Central frsts. ~; and At
Gibson, Colorado & Pacific firsts. New
Hampshire q Hartford debenture Ger
tifcates. Reading tours and Rock Isl
and extended fves registered, l per
cent.
ADMINISTRATION fours, Chicago &
Eastern Illinois fves and Northern
sinking fund SKIES, "; Michigan Gen.
tTal flves of 1892. q. and St. Louis &
San Francisco consol tours, e.
The Total Sales of Stocks To-day
were 1880 shares, including: Sugar.
SO, 700: Burlington, 1890: Chicago Gas.
10000; D. G. F., 1000; General Electric,
$500; st. Paul, $4,000; Western Union,
1900.