St. Paul daily globe., 1895-05-14
SPECULATION IN STOCKS AGGRE-
GATE A BIG TOTAL OF
SALES.
TENDENCY WAS DOWNWARD
HEAVY SALES FOR FOREIGN
ACCOUNT MAINLY RESPON-
SIBLE.
nEAL1zING MOVE IN LONDON
Of Americans Also Helps to De-
press VaIues-DOnd Mar-
ket Animated.

NEW YORK, May 13.-Speculation
on the stock exchange today was Of
magnificent scale, the transactions ag-
gregating very nearly 100000 shares.
AT the opening of business the market
was irregular, but the tendency in the
main was toward lower figures, due
principally to the sales of foreign ac-
count In the London market real
izfng movement in Americans SWaS in
progress and the arbitrdge brokers
sold in this market also to take profits.
The bears took advantage of this stu
alton to depress values and as re-
suit losses ranging up to 11s per cent
were made in the first half-hour,
Louisville & Nashville, Union Pa
c:fic, Northern Pacific preferred, the
grangers and Lackawanna leading
the decline. Sugar fell off X, but
quickly moved up 2B per cent to
1175s. The Nickel Plate shares were
strong, the common and second pre-
ferred selling up 2 per cent each. A
rally occurred after 1890 o'clock,
good buyers coming in at the lower
range of prices, and a general ad-
vance took place, which was not
checked until shortly after midday,
the gains being recorded of A@3as per
cent, the latter in Laclede Gas pre-
ferred, 8 in Bay State Gas, 2% in
Chicago Gas, "a in Distilling and IL
in Wheeling and Lake Erie pre-
ferred. The. grangers fell off M@1
and Reading IA. Toward noon there
was a renewal of the realizing sales
and Chicago Gas gave way 15s; Sugar,
Reading and Starch, N; Dlstilling,
Lead and Northwest Is; Rock Island,
Atchison and Norfolk & Western
preferred, l, and the rest of the hist
a fraction. Sugar rallied Is per cent
Between / and 2 o'clock prices
moved irregularly but generally up
ward. Reading recovered rs; North
west, Rock Island Is, and others of the
active list 1905 per cent, while Min
nesota Iron jumped Az per cent. In
the last hour the trading again became
In the active shares, which were most
marked in Chicago Gas, Laclede Gas
preferred, New England, Sugar, Can
ada Pacific, Rock Island and Balt-
more & Ohio and st. Paul and Omaha.
st. Joseph and Grand Island sold down
2 per cent In exception to the rest
of the market, Long Island advanced
90 per cent, and Minneapolis & st.
Louis 1 per cent. The market closed
weak with a majority of the stocks
dealt in lower than at the closet on
Sc turday, the principal declines being:
Louisville & Nashville, rs; Manhattan,
Burlington, Northern Pacific prefer
red and Cordage preferred IA; do guar
anteed Rock Island and Erie rs and st.
Paul, Denver preferred, Evansville &
Terre Haute, Oregon Navigation and
Leather l per cent. Great Northern
preferred sold up per cent, 125 against
120 bid Saturday. Other gains are:
Minnesota Iron 4$4 per cent; Bay State
Gas, 3; Long Island, 212; Minneapolis
& st Louis preferred, "a; Buffalo,
Rochester & Pittsburg, Illinois Central
and Laclede Gas preferred 2; New
York, Chicago & st. Louis common
and second preferred and Pullman 17a;
Des Moines and Fort. Dodge IA, and
Hooking Valley and Distilling 1 per
cent.
The trading in bonds during the day
was of an animated character, the
sales aggregating 81, ,7S2,000. There was
considerable irregularity in the trad
ing but near the close there was a de-
cided downward trend to the specula-
tive issues, Ohio Southern firStS fell
off per cent to 81 but recovered the
loss, do fours rose per cent to 81
but receded to "a; Indiana, Illinois &
Iowa firsts were traded in at 81 against
81 on April 20. Evansville & Terre
Haute firsts brought ia against LOG
on April Is. Other changes of note
were:
Advances: Chicago &, Erie incomes,
AZ per cent; Oregon Navigation col
lateral trusts, fves, trust receipts, 1;
Toledo, Peoria & Western firsts, 3A;
st. Joseph & Grand Island firsts, 312;
st. Joseph & Grand Island trust re-
ceipts, l.; Missouri Pacific consol SKIES,
Kansas & Texas of Texas fiveS and
Richmond, Danville, Debeature fives,
stamped and Milwaukee, Lake Shore
& Western firsts, 119; General Elec-
trio deb ture five3 and Reading third
incomes, IA, and st. Paul & Omaha
conSolS San Antonio & Arkansas fourS,
Savannah & Western firsts, Rio GranSe
Western fours, NJ. & o. fours and
Houston & Texas Central General
fours, l per cent.
Declines: Northern Pacific thirds, 3
per cent; Northern Pacific seconds, 1;
Northern Pacific consol fives, 11a; st.
Paul, NJ. & NJ. seconds, "a; ST Paul,
M. & NJ. consols, l.; st. Louis & San
Francisco general skies, IL; Chesa-
q, doc
firsts Seattle, Lake Shore & Eastern
firsts trust receipts, Oregon Improve
ment consols fives, Pacific of Missouri
firsts and Union Pacific gold skies
stamped, l, and Denver & Gulf firsts,
115 per cent.
TOTAL SALES OF STOCKS
today were 663, 73S shares, including:
American Sugar, 34,700; Atchison, 49,
600; Burlington, 1890; Chesapeake &
Ohio, $500; Chicago Gas, 63,40O; Dis
tilling & Cattle Feeding, lis, ,S00 Gener-
al Electric, $500; Kansas & Texas pre-
1erred, $500; Lake Erie, 1900; Louis
sille- &S Nashville, $500; Louisville, N.
4. & c., $500; Mexican National Ger
tificates, 5000; Missouri Pacific, 1890;
National Lead, 1880; North American
Company, 1900; Northern Pacific, H.
ern, 1850; p, c.. G. & st. L., $500;
Rock Island, 10000; st. Paul, IS, 700;
Silver bullion certificates, 4O, GOO; Texas
& Pacific, 1920; Tennessee Coal &
Iron, $500; United States Cordage,
5,1O0; y. s. Leather, 3,7OO Wabash pre-
ferred. 20,700; Western Union, $500:
Wheeling & Lake Erie. Is, 600.
CHhS. n. r. SMITH 6 CO.
stocks and Bonds,
Grain. Provisions and Cotton bought for
cash or on margin. Private wires to