St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-16
LOWER IN VALUE.
DECIDEDLY UNSETTLED CONDI-
TIoN OF THE NEW YORK
STOCK MARKET.
LEADERS ON THE DECLINE.
RAILWAY SHARES RECEIVE LIT
TIE ATTENTION FROM THE
OPERATORS.
TNDUsTRIALS MUCH DEPRESSED.
Heavy Sales in Sugar Trust-The
Bond Market Quiet, With
Light Sales.
LEADERS ON THE DECLINE.
MUCH DEPRESSED.

NEW YORK, July 15.-The stock
Speculation today was unsettled on
small volume of business, but the main
tendency was i'll the direction OF
lower range of values. The trading
was left almost entirely in the hands
of the professionals and the movement
of prices was mostly mechanical. In
the early dealings the bears made a
determined drive against Sugar, Tell
neSSee Coal and Leather, breaking
these stocks and causing a general re-
action. The losses above a fraction
were: Sugar and Delaware & Hudson,
Iowa Central preferred, 11a; st. Paul
& Duluth. >; Leather preferred, 3lt,
and Tennessee Coal, 312. The deprefc-
sion was of brief duration except in
Chicago Gas, which continued to move
downward until IL a. m, scoring {.
decline of l per cent, with a subse-
Quent rally OF q per cent On the re-
moVal OF the pressure from the general
list there was a recovery in Tennessee
Coal of 2lt; Sugar and Leather pre-
ferred, 112; Tobacco, l, and the other
shares a fraction. Toward midday To-
bacco developed marked weakness i'll
a decline Of 21s per cent; Sugar lost
q. and in the subsequent dealings Chi
cago Gas fell IL; Leather preferred,
la4, and Distilling, Is per cent The
neglected. An inquiry prevailed for
coalers, and New Jersey Central and
Reading improved - and l per cent
respectively. In the last hour there
was a renewal of the attack on Ten
neSsee Coal which sold down l per
cent. and New England fell a like
amount The weakness of Tennessee
Coal was due to the operations of
newly formed bear pool, which sold
the stock freely and uncovered some
stop orders. Private advices reporting
damage to the spring wheat We're
largely instrumental in the general
tone of the depression. Speculation
was still unsettled at the close.
The principal declines on the day are
Canadian Pacific Tennessee Coal and
ferred, 27sc; Iowa Central preferred.
~, and New England, Tobacco and
Colorado Fuel. l per cent. Advances
Morris 81 Essex, 2, and Lake Shore
Reading and Northwestern preferred.
! per cent
Trading in bonds was light, the sales
ageregating but ST. 0340G0 The inact-
i've mortgages were dealt in more
largely than of late, and considerable
strength was shown in these issues
Oregon Navigation collateral trust u.s.
trust receipts, gained 4 per cent; Peoria
& Pekin Union seconds, 312; Atilwau-
kee. Lake Shore & Western firsts, 1% !;
Toledo, Peoria & Western is, and
Wheeling & Lake Erie firsts, Wheeling
division, II; Oregon Short Line cons
SOl ~, u u'Sl lCNCIpIS, Ia Nltt'E tIufAC1
& Northern ffrsts of 1915, rs, and
Alton & Terre Haute firsts. Michigan
Central consOl Is, Tennessee Coal firsts,
Tennessee division, st. Joe & Grand
Island firsts,, Interna tional & Great
Northern seconds, Louisville & New
Albany firsts, Reading first incomes,
New York Central debenture IS and
Rock Island extended IS, l per cent;
Toledo, st. Louis & Kansas City first
trust receipts, 112 per cent.
TOTAL SALES OF STOCKS
today were 204 167 shares including
American Sugar, "a, 800: American To-
bacco, 1890; Burlington, $4,000; Chi
cago Gas, J7,l00; Distilling aud Cattle
Feeding 1860; Reading, $4,000; st.
Paul, 1880; Silver certificates, q, 600;
Tennessee Coal & Iron, 1880; United
States Leather, 1000; United States
Leather preferred, 1870; Wheeling &,
Lake Erie 3,SG0.
The following tabs shows the fuc.
tuations of the leading railway and
Industrial stocks yesterday: