St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-11
CHANGERS STRONG
OFFICIAL CROP NEWS HELPS
THE RAILROAD SHARES
MATERIALLY.
IMPROVEMENT Is GENERAL.
CHICAGO GAS A LEADING POINT
OF ATTACK AND A DE-
CLINE CAUSED.
MANHATTAN LOSES SLIGHTLY.
Reading Also Among the Few
LOsers-BOnds Active and
Strong.

NEW YORK, July 10.-The stock
market was unsettled during the fore
noon, but was strong during the after
noon with some few exceptions. The
favorable character of the government
report gave tone.to the market and in
duced purchases of st. Paul and Bur-
lington, and indirectly leading to buy
ing of the leading railroad stocks.
London was in the market as a larger
buyer than of late and this helped to
stimulate the local contingent, al
though the London market for Ameri-
cans did not display any inactivity.
Chicago Gas was again most promi-
nent in the transactions and fiuctuated
widely and with much frequency. The
stock opened at an advance of IS per
cent, but was Immediately attacked by
the bears on disquieting reports touch
ing the status of the trust and the
dividend question. A decline of 21s per
cent followed, but before noon the loss
was more than recovered. Buying
orders We're numerous at the lower fig
ures and led to a sharp covering move
ment which sent prices up 31a per cent.
A subsequent reaction of Il per cent
took place, with a final rally Of q, max
ing a gain on the day of rs per cent.
The leather shares were depressed dur
ing the morning owing to a well-found-
ed belief that the directors would at
their meeting later in the day take no
action on the regular dividend on the
preferred stock; the latter broke Az per
cent to So, and the common IL per cent
to II. A rally to 9012 was made before
the foreshadowed action was taken by
the directors. Then came a slight re-
action, but the closing prices were 81
Of
the preferred and Is for the common.
A demonstration was made against
Reading, based on the fact that j. L.
Welsh was not present at the recent
conferenc of Reading reorganiZers, but
it was not very effective the stock
closing only II per cent below yester-
day. The market closed generally
strong, but Manhattan was depressed
by the placing of a small block of
stock in the market and fell off ~ per
cent with a final rally of Il. Compared
with yesterday prices show gains in
majority of cases, the more important
being 12@1B in the grangers; rs in
Pacific Mail and Louisville & Nash
vile; IA in Lake Erie & Western; rs
in Missouri Pacific. Among the de-
clines are Hooking Coal and New Eng
land l per cent, and Manitoba l per
cent.
The bond speculation was strong and
active, the sales aggregating 81, 10000.
Baltimore & Ohio firsts, Parkersbure
branch, and Houston & Texas Central
debenture IS rose per cent; Rock
Island extended IS registered, 212;
Louisville & Nashville SIS, "a; do South
ern and Northern Alabama IS, 4; Amer
lean Dock IS, 12s; Northwestern sink
ing fund 6s IA; Oregon Improvement
consol IS, rs; Southern Pacific, of
Arizona, firsts, Tennessee Coal firsts,
birmingham division, l per cent.
TOTAL SALES OF STOCKS
today We're 319,O99 shares, including
American Sugar, Is, 200; American To-
bacco, 12,100; Atchison, $500; Burling-
ton, 13,10O; Chicago Gas, $500; Dis
tillers' and Cattle Feeding, 17,T00; Cen
eral Electric, 3,4O0; Kansas e Texas
preferred, 3,400; Lake Erie & Western,
$500; Long Island Traction, 3,4G0; Louis
Vile & Nashville, 10,200; Missouri Pa
cific, $500; New York & New Eng,
land, 5000; Reading, 1900; St. Paul,
1890: Southern Railroad, 1000; South
ern Railroad preferred, 1000; Tennes-
see Coal and Iron, $500; United Stales
Leather, $500; United States Leather
preferred, n,000; Wheeling & Lake
Erie $500.