St. Paul daily globe., 1895-11-26
RAILROAD PROFITS
OCTOBER REPORTS SHOW IN
. CREASING GAINS IN BUsI-
MSS
IMDusTRIALs ! WEAKENED.
BUT RAILWAY SHARES WITH
STOOD THE DECLINING TEN :
s, "A DENCY. ).
SUGAR Is sELLING CHEAPER.
Net fLosses All Round Except on
Railroad DeaIinss-BOnd OPP
erntiOnss Dull.

NEW YORK. Nov. 25.-The stock
market today was an Industrial mar
ket, the total transactions in that class
of securities footing up. $4,000 shares
out of a total of 202,5O recorded. The
industrials also scored the only i'm
portant net losses in prices. The rail-
road list did not. respond to the weak
ness in the other market, being favor
ed by moderate purchases of the inter-
national shares for foreign account
and by reassuring adviees as to the
| process of the settlement on the Lon
don stock exchange. Other bull argu-
ments on the railway list includes es-
TINA teS OF a smaller amount of gold to
go out this week than had been figured
upon, owing to an increased supply OF
cotton bills, and encouraging railroad
exhibits. The strength of the rates OF
sterling exchange continued unabated,
however, and in the best informed ex-
change circles, it is confidently ex-
pected that shipments of gold will be
made on Wednesday.
With hardly an exception, all of the
railroads making exhibits of earnings
for the third week of October reported
increases The Omaha notably gained
$s37 1893 in gross and the ST. Paul for
the same week gained $171, ,531 in gross.
Railroad officials continue to dilate
upon the prospect of decided improve
ment in revenue to be derived from the
new rate agreement between trunk
lines and connecting roads. In the in
dustrials, Sugar absorbed about one
half the entire dealings. American To-
bacco came next in point of activity,
and scored the greatest net loss of the
day. Chicago Gas was third in extent
of trading, and left off at an important
fractional decline. In no other stock in.
the list did the dealings reach the
10000 share mark. There was no news
of Importance bearing upon the indus
trial securities, and their course re-
fected liquidation and the backing and
filling of the room traders. This con-
tingent employed the rather weak ar
guments of probable hostile proceed
ingSs against the. American" Tobacco
thorities, and of an impending unfa-
vorable decision by Attorney General
Moloney, of Illinois, against the legal
ity of the plan of consolidation of the
Chicago, Gas company and tributary
properties. 49,
The market, opened dull, with the
only feature weakness in the indus
trials and a firm undertone to the rail-
way list on the influences previously
noted. After IL O'Clock fractional rail-
bear raid drove prices to the lowest of
the day For the rest of the day, up to
the closing, the speculation was dull
and heavy in tone, except for the rail-
roads. The final sales showed net
losses of 25s in Tobacco, 11a in Sugar
and Distilling *, and Chicago Gas X
per cent. These stocks left off at the
lowest of the day. The railway list
ended with general net advances, eX-
tending to IA per cent in Northern
preferred.
Trading in bonds today was dull, the
| dealings aggregating $S99,0OO. The few
changes of Importance that occurred
were in most cases on a lower range
of prices. Wisconsin Central first trust
receipts declined 11a, Cordage first trust
receipts 1, and Chesapeake & Ohio gen.
eral 41as, i5s per cent. On the other hand
Peoria & Eastern firsts gained % and
reading firsts preferred 1az per cent. =
The total sales of stocks today were
2O5,332 shares, including: American
Sugar, $500; Tobacco SO, 500; Atchison,
3,100; Burlington, $500; Chicago Gas.
16, $780, Distilling, 5000; L. & N, 300;
Manhattan, 5000; Missouri Pacific, 3, 800;
Northwest, 5000; Rock Island, 5000; st.
Paul, 400; Southern, 300; Leather
preferred, 5000; Western Union, 5,400.
The following table shows the f1uc--
tuations of the leading railway and
industrial stocks yesterday: