St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-28

ana COOSOlluhttu OdS. 1OlaCGUs q.
Distiling lost g, but made full rally
at the close. General Electric receded
IS. recovering a. London was small
seller of St. Paul at the opening, but
without depressing the stock was held
firmly on the reported increase OF .$4l,-
30S in the December net earnings. The
thy, aud at the close Burlington was up
x and Northwest q, with st. Paul
and Rock Island unchanged. Most'of
the railroad stocks traded in show de-
cIines from Yesterdays final sales, no
tally Wheeling & Lake Erie preferred,
215, and Lake Erie q Western pre-
ferred. just before the close 500 shares
of Pacific were placed Oh the market
and broke the prizes "a per cent. Some
few shares show gains Of a small frac-
ton and Pullman is per cent higher.
Speculation was generally heavy III
tone, except within the last half hour,
when covering movement set in,
which was due to belief that tmme-
diate action would be taken by Pres
ident Cleveland with view to restor-
ing confidence in the financial situation,
which has reached point when such
step is regarded as absolutely neceS-
sarv. and On this point of view the mar
ket closed firm.
The week just closed has been disas-
trOuS to the value of railway aud indus
trial shares, and the lowest point Of the
month was reached in siXty-SiX OF the
stocks traded while some shares sold
below the bottom figure of last year.
The continued heavy shipments OF gold
was one of the most depressing influ
ences of the market. involving as it did
serious decrease in the treasury gold
reserve and heavy draw OH the gold
coin in the vaults of the treasury avail
able for the redemption of gold certiii-
Gates. Liquidation was plainly dis
cerniDe in the shares of the recelyerShlp
roads ard in several OF the loW-prlced
stocks. Heavy blocks of Dead common
were thrown on the lead. leading it TO
believe that Il payment of dividends on
the stock would be discOn tinued and
talk that the forthcoming annual
statement would be unfay0rable. The
net loss OIL The week is So per cent,
which is within = per cent of
the lowest. Lead preferred alec shares
in the weakness and made decline OF
53s per cent. Reading was subjected TO
a considerable liquidation owing to the
threatened foreclosure proceedings, ana
above the lowest. Reports that the
stock would be heavily assessed were
rife, and the fact that a prominent in
slider was letting his holdings 20 was
another factor of weakness. The bonds
also suffered severely. Northern Pa
citic preferred, on a reiteratlon of the
statements than an assessment would
be levied on the shares sold down "a,
with a final rally of q do common
touched 2Y, the lowest price ever regis.
tered. Cordage shares, while less AMI
mated, continued their downward career,
and sales were made of the common at
%; do preferred at Sand do guaranteed
at 17Sl. The prices Of the two first named
are he lowest yet recorded. On the week
these stocks are off IA, IL and ~, re-
spectivelv Union Pacific attained all
advance of 4 per cent in the early part
of The week, but towards the close liqui-
dation of long accounts caused Il decline
of 4 to So, the closing price being 4
below last Saturday. Missouri Pacific
was subjected TO drive which carried
the shares down from 1873 to 81, the last
price made being 21T. The Southern
railway securities were hammered down
on report that the company's employees
were preparing 10 strike, which was Of
ciallY denied. The common fell off 4
to 81 and the preferred to 324, which
are the lowest figures made since the
stocks were listed. The respective losses
on the week are and 3 per cent.
Illinois Central broke ~ to S715,
mainly on sales for foreign acc
count. Sugar was marked up
IL TO 90T on Monday, OIL the an
nouncement of the decision in favor of
the trust by the supreme court, but re-
acted to S915, recovering in the final
dealings and closed unchanged on the
week. The grangers eased off early III
the week, but when the senate reported
the pooling bill without amendment
there was a sharp rally. A subsequent
announcement that the bill would be
subjected to vigorous attack by those
senators desiring amendments 10 it
brought about q reaction, which was
partly recovered in the final trading on
buying induced by St. PaulS favorable
December statement. The losses on
the week are 19@l35, the latter i'll Rock
Island. The coal shares made material
receSSiOns, extending to AZ In New
Jersey Central and SO in Delaware &
Hudson, with a recovery of IL
in New Jersey Central, the others
closing at the lowest. Manhat-
tan was sold down from 10SY
to 1851. regaining a small fraction,
and closed 215 down Oh the week. The
total sales for the week are III, 7S4, and
other declines of note are: Evansville d
Terre Huute, per cent; Erie Tele
phone, 81: Pacific Mail, 81 Lake Erie
Il Western preferred, 3; Wheeling d
Lake Erie preferred and Susquehanna
& Western preferred, ~: do common,
II; Leather preferred, 2I; New Mig
land, 254; Lacelede Gas, ~; Tobacco,
2%; Cotton Oil, do preferred, iowa Cen
trial preferred, Norfolk d Western pre-
ferred, Oregon Navigation, C., G. G.. &
st. l.. and Consolidated Gas, 2; Louis
will u Nashville, II, and Chicago Gas.
IL; WellsFargo Express selling dur
transaction at 1873 being made some time
ago. Quicksilver preferred brought
1921, against Is the last sale. a few
shares show gains ON the week, includ-
ing PENNSYLVANIA Coal. 10 per cent;
Buffalo, Rochester 81 Pittsburg pre-
ferred. 5; American Cable, 2, and Erie
preferred, ~.
The bond market was quiet and gen.
orally heavy during the Two hours of
business. The aggregate sales were
$451, $50. Advances Louisville IL Nash
Vile, New Orleans Il Mobile irsts. 24
per cent; Cedar Falls 4 Minnesota tirsts
and Green Bay tirsts. ..
The speculation in the bond market
during the week has been heavy and
! the general trend was downward. The
aggregate sales were IS, 123.GQ0.
| The main feature Of the trading was
! the Reading issues, some sales of which
were registered at the lowest ever
; made. There were also some note>
worthy declines in some of the usually
inactive mortgages, and final prices
! are generally at a liberal recess
sion from the previous Satur-
days closing. The net losses are !:
/ Cordage tirsts, per cent; Green Bay
firsts. 10; DO incomes, 223I; Oregon Short
Line collateral trust fives. 1914; do SKIES
and trust receipts, 2H; Central Pacific
land grants, 5s4; Union Pacific, Denver
& Gulf tirsts, AZ; Reading tours, az
do first incomes, 2$4; do seconds, 81
do thirds, 211a; do deferred incomes. /,
Southern Pacific of California fives
gained AZ, and Mutual Union sinking
! fund SKIES, 1.
/! The Total Sales of Stocks Today