St. Paul daily globe., 1895-06-01
STAGpAQT STOCKS
EXTREME HEAT HAS A PARALYZ-
ING EFFECT ON SPECU-
LATION.
AN ALL-ROUND DULL DAY.
WAY TO HEAVINESS ON
REALIZING,
BONDS DEVOID OF FEATURE.
Speculation Quiet Throughout the
Day-TOtal Sales Fairly
Large.

NEW YORK, May S.-This was
dull day on the stock exchange and
the intensely hot weather was to some
extent responsible for the inactivity.
AL the opening speculation was strong
and the first hour a general advance
was made, rubber ceiling up 29sc, do
pfd, 11s; Tennessee Coal, rs; Pacific
Mail, rs; do Guaranteed, 11b; Colorado
Fuel, National Linseed, /; Chicago Gas
and General Electric, Is, and the rest
of the list 1sQa4 per cent. Susquehan-
ma & Western pfd was an exception
and on bear rumors broke 334 per
cent After II o'clock the general mar
ket became heavy on realizing sales.
Manhattan dropped 21s per cent, the
decline being accompanied by re-
port that a large holder of the stock
was 1iquidating because of losses IN the
company's earnings; Erie fell off rs
per cent and the preferred was offered
down to %, against 29 the last preced-
ing sale. The weakness in these sales
was due to a report that interest on
funded fives, due tomorrow, would not
be paid. Other recesSionS were Cord
age Guaranteed 112; Rubber, rs; Sus-
quehanna & Western common, IL
General Electric, Michigan Central and
National Linseed, /; Sugar, Is; Colo
RADIO Fuel, Wheeling & Lake Erie and
Tennessee Coal y, and other shares
smaller fractions. SuSquehanna &
Western pfd rallied IA on report that
q change in the management of the
company was imminent. After mid
day the trading became stagnant and
from that time up to o'clock the only
changes of note were an advance of IL
per cent in New England on clique
buying and a decline of IA per cent
in Cotton Oil During the last hour
trading was more active and firmer
and a very general appreciation in
values took place. Mobile & Ohio led
-
31a per cent on purchases due to an
anticipated favorable financial de-
velopment. Flint and Pere Marquette
rose 2 per cent: Rubber, 15s; Manhattan
and Illinois Central, rs; Pacific Mail
and Cotton Oil, IA; Distilling and La
slede Gas pfd, /, and the other stocks
traded in fraction. Chicago & East
ern Illinois lost IL per cent, recovered
the loss and reacted ~ Lead receded
Is and rallied q.
In the final sales Tobacco and Long
Island Traction declined l per cent
ropOlitan Traction, 11S. The market
closed strong, and in the main 1s@03H
higher than Wednesdays closing
prices. but some shares show losses
ranging from 1sG2A per cent, the lat
ter in Susquehanna e. Western pre-
ferred.
The bond speculation during the day
was quiet and in the main devoid of
feature. The sales We're $2,137, 900. The
principal changes are:
Advances-East Tennessee reOrgan-
ization lien 5s, per cent; Rock Island
extended firsts, Southern IS and Illi-
nois Central 31@s, rs; New Jersey
Central IS, registered, ~, and Jefferson
frsts and Brooklyn Elevated firsts,
per sent.
Declines-Susqueha & Western
refunding IS and Wheeling & Lake
Erie firsts, Wheeling division, 8 per
cent; Oregon Short Line 6s, 2; do
trust receipts, 2% Wilkesbarre & East
ern ffrsts, ~ and Kansas Pacific con-
soils and Hooking Valley 6s, 1 per cent.
- TOTAL SALES OF STOCKS 49,
today We're 177,7O5- shares, including
American Sugar 297OO; American To-
bacco, 1890; Burlington, 300; Chicago
Gas, $780, D., C. F., 22.100; Erie, 10000;
General Electric, 1900; Manhattan Con-
solidated, 3,2C0; Mobile & Ohio, 5000;
New York, Susquehanna & Western,
3,4O0; Pacific Mail, 1900; st. Paul, 5000;
Tennessee Coal, 500; United States
Rubber, 1900; United States Rubber
preferred, 2,SG0; Wheeling & Lake Erie,