St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-21
FINANCIAL
New YorFS.

NEW YORK, March 20.-There was
n halttoday in the upward movement
which has been in force on the stock
exchange during the past few days. 1t
is not to be wondered at that there
should be a break in the advancing
column. which so soon after most dis
heartening set back had made so sharp
a recovery of lost ground. The small
operator, who materially assisted in the
rise in stocks, acted largely on faith in
the leaders in the market, and it is not
surprising that. as they did today, they
should endeavor to secure part of the
profits of their ventures and take view
of the situation. 1t was partly due to
realizing sales.:to heavy decrease in
the volume of foreign purchase. and
possibly desire OH the part of the bu
clique to let prices go down few
points. with the view of Increasing the
short interest in the market, that share
values deprecated today.
There was no marked pressure to sell,
except. perhaps, in Sugar and the
grangers. The first named stock given
was first, and the grangers led in the
general list in the reaction. There was
no evidence of weakness at the opening
and during the first hour of business
prices advanced, but during the second
hour there was a sharp selling of Sugar
here OH rumorS that insiders were
liquidating. and the shares took down.
ward turn, the greater number of the
shares traded i'll participating in the re-
cession. The depression continued un-
checked during the early afternoon, but
around delivery hour there were
partial recoveries. speculation becom-
ing decidedly irregular in the final deal
ingS.
At the lowest point today the declines
from the high pr ices of the morning
wei - in New Jersey Central, IL in
Delaware & Hudson and Cordage guar.
anteed and l18 in the other shares which
joined in the downward movement.
Rallies in the later trading lessened the
loss fraction There were a number
of shares, notably the specialties, which
were strongly held throughout and
which show gains on the day, including
Oregon Improvement, 326: Minneapolis
d Manitoba, 5; Pullman, 2; New York,
Chicago IL st. Louis second preferred,
Wheeling 81 Lake Erie preferred and
ferred, Edison Electric of New York
and Iowa Central preferred, per cent.
Distilling was well supported and
made gain of * per cent on yester-
days closing. The trust receipts were
dealt in for the first time and sold per
cent above the stock, owing to the fact
that the first per cent inStallment of
the assessment under the reorgaulZa-
ton plan had to be paid before the issue
of trust receipts. There was good buy
ing in General Electric for the short ac-
count on the report that the forthcom.
ing annual statement will be favorable.
The market was unsettled at the close.
There was renewal of activity i'll the
bond trading today, and considerable
strength was displayed i'll some issues.
The trading was somewhat irregular at
the time, but prices generally recorded
an advance on the day. The aggregate
sales were 81, 4l4, 600, OF which $780,, 900
were Texas u Pacific seconds. Atchisou
is. registered. sold at 6315, against 1915
on July II. Southern Pacific dividend
scrip was traded in at 1864, against 40
on Sept. IL. A final recovery was made
TO 301a. Other changes OF note are:
Advances-Missouri Pacific consol 6s,
per cent; Keokuk & Des Moines firsts
and Ohio Southern IS, 8; Northern Pa
lateral trust IS, II; st. Joe & Grand
Island frsts trust receipts, IL; Union
Pacific gold 6s. II; Union Pacific. Den
yer & Gulf tirsts. IL, and Brooklyn
Elevated tirsts, Cleveland q Canton
tirsts, Kanahwa 81 Michigan firsts, Kan
sas Pacific consols, Oregon Navigation
IS trust receipts. st. Paul firSts, South
ern Minnesota division, Wabash
seconds, Western New York & Penn
S. lvania firsls and Oregon Short Line
o. trust rec, ipts, ].
ID Ct nes-ioleco 81 Ann Arbor and
Grand Trunk first trust receipts, per