St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-15
An IRREGULAR HEAVlNESS.
AFTERNOON

NEW YORK, Aug. 1.-THE share
Speculation opened dull and devoid of
feature, and during the first hour of
business the market was unsettled, ap-
parently awaiting a lead. This came
quickly in the shape of heavy gold
engagements for shipment to Europe
tomorrow, and the bear traders, TAX
Ing the cue, began a raid upon values
which started prices on the down
ward turn. Assistance was given to
the operators for the decline by re-
ports of prospective froStS in the corn
belt, and also by a statement that no
meeting of the presidents Of the an
thracite coal roads would be held this
month, which negatived the recent re-
port that a settlement of the diff
culueS in the coal trade had been
about reached. President Maxwell, of
the New Jersey Central, has gone away
On months vacation, which would
Seem to confirm the announcement
that no coal meeting would be held
this month. The stocks Of the coal
roads were accordingly depressed, and
most of all Jersey Central.
The reacionary tendency of the spec
ulauon continued in force until about
a half-hour before midday, at which
time American Tobacco had lost -.
per cent: Distilling and Delaware,
tackaWanna & Western, ~: New Jer-
sey Central, rs; Leather preferred. /;
Manhattan, l, and the general list, 1s0
Is per cent.
Towards nCon slight gains We're made.
mainly by reason of a moderate cover
tng movement, the shorts being seem
lngly lndiSpoSsd to pres the advantage
but rather inclined to limit their La
bilitieS. During the afternoon the
Trading was irregular, on extremely
narrow fluctuations, and the volume
OF the business tranSa cted was very
Hght- Prices ranged within fractional
limits, except for Tobacco which re-
covered sc, sold down 11sc and rallied
p per cent. In the final dealings the
tone Of. speculation was distinctly
heaVy, and the market closed weak
and generally 1sG1&4 per cent lower on
the day. The losses above a fraction
are: Tobacco. -; Delaware, Lacka-
wanna, y; New Jersey Central, 1ss.
and Lead preferred, l per cent The
SrangeTS are down 14Q$4 per cent, the
latter in Northwestern. London was
in the market on both sides of the ac-
count but its transactions We're on a
small scale.
The net result of the days operations
In bonds reveals lower figures gen
orally for the speculative issues
Among the less animated mortgages
marked expectations We're made in
cIud-ng 81 per cent in Oregon Short
Line consol IS, "a; do trust receipts,
); New York & Manhattan Beach
sirsts, ~; Reading As, trust receipts,
anstamped, Ulster & Delaware 5s and
Siissouri Pacific consol 6s, 112: Illinois
Central 3l2s, l per cent, and ! in West
ern Pacific frsts, Chicago, St. Louis &
New Orleans IS and Northwest sink
ing fund debentures. Chicago. St.
Louis & New Orleans consols reacted
l12 per cent; Louisville & Nashville.
pensacola division 6s, IL and Kansas &
Texas seconds l per cent. The sales
were s., $4,000
Total sales of stocks today were 49,
10 shares, including American Sugar,
ll,3JO; American Tobacco, Il 500; Bur,
jington, 1850; Chicago Gas, 1000; Dis
tillers', 20,9G0; Missouri Pacific. 4,lO0;
Reading, HOO: Rock Island, 1000; st.
Paul, 10000: Southern preferred, 800;
Western Union, 1850.