St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-23
@. ERNST & co.
Investment Bankers.
Dealersin First-Class Bonds. Bank
Stocks and Commercial Papers. 81
Money to Loan in Large Amounts
Germania Bank Bldg, And Temple Court
st. Paul. Minneapolis.
FINANCIAL.
New Work.


New York, Jan. 22.-The chief feat
ure of today'S speculation on the stock
exchange was the upward movement
which followed the announcement that
the pooling bill had been reported to
the senate without amendment. LIZ was
unexpected news and the shorts made
haste to cover their outstanding con-
tracts, fearing lest the market should
be put up on them. After the furry
caused by this buying had subsidized,
prices sagged off again. After firm
opening and fractional advance i'll
the early trading the market became
irregular and in the main weak, the de-
preston being assisted by selling of the
international stock for the London ac-
count. Delaware u Hudson sold
down ~, New Jersey Central and Can
ada Southern n, Reading and g., Z. Z.
and st. Louis l per cent and other
shares fraction. The lower figures
made for Big Four induced buying OF
the stock, which resulted IN an advance
therein of IA per cent, and some other
stocks rallied little. Baltimore Il Ohio,
which dropped per cent, and the Cord
age shares, which receded fractlOnally,
were exceptions. Speculation had be-
come steady at noon, and shortly there
after came the Washington dispatches
touching the advancement OF the pool
ing bill, which sent prices up Win
rush, the granger5 advancing Is and 8
per cent, New Jersey Central and Ealti-
more Il Ohio II per cent, Reading %
per cent, and the general list e and Is
per cent, with some few exceptions Ill
which losses were made, notably Cana
dian Pacific 13S per cent, Snsquehanna
Western preferred l per cent. 70
ward 10 O'Clock the upward movement
began to lose its force, and bear raid
was entered upon which quickly
changed the temper of specula-
ton. The coal shares bore the brunt
of the attack, New jersey Central being
orced down ~; Delaware and Hudson,
per cent. Sugar dropped q per cent,
and the grangers, 4 to e, the latter
Rock Island. The depression continued
10 the close, which was decidedly weak
in tone. and prices slid down from yes
terday's last sales to rs, the latter,
Southern preferred; 13s Green Bay pre-
ferred; 115 Susquehanna &Western pre-
ferred; TX Canadian Pacific; Is to Is the
Cordages Shares %@% the .grangers and
"A Bay State Gas. Sugar stands UNI
changed OIL the day. Some few shares
showed advances on the day, towit:
Buffalo, Rochester & Pittsburg pre-
ferred. per cent; Rock Island pre-.
ferred "a, and Chicago Gas, General
Electric. Cleveland, Columbus, Cincin-
natl q st. Louis, Louisville, New AL
bany preferred. Wheeling & Lake Erie
and Consolidated Gas u per cent.
Wells Fargo sold at 1Os against 120 the
last preceding sale made some months
ago. Reading and the Cordage stocks
today touched the lowest point ever
reached in these stocks.
The bond market was weak and active
throughout the day. The total sales
was ST. .ooo,and the principal changes
were: Declines-Louisville, New Al
bany firsts, 4; Ohio Southern frsts,
Cordage firsts. 3; Green Bay incomes,
24; Union Pacific. Denver & Gulf
tirsts, ~; Louisville. Evansville u st.
Louis consol IS, 2; Northern Pacific 81
Montana tirsts and st. Paul. Chicago &
Pacific Western IS, rs, and Kenawha
d Michigan firsts, Colorado Midland IS, 4
st. Louis Southern firsts and Oregon ]
Short Line 6s trust receipts, II. g
Advances-Southern Pacific of Cali 4
fornia IS. AZ; st. Paul and Northern !
Pacific Us registered certificates, 2;
National Starch firstS and New York,
Lackawanna 81 Western firsts, ~; Den
yer d Rio Grande As and Pittsburg, c.
e. st. Louis AS, series A, per cent. Z
The Total Sales of Stocks Today
were 1885, 51 shares. including: Amer
lean Sugar, $1,000; Burlington, 6.7Oo;
Chicago Gas. 10000; Louisville d Nash
vile, 1880; New Jersey Central, 5000;
Northwest. $500; Reading. 14.400; Rock
Island. 5000; ST. Paul, 21,500; South
ern Railroad. 1900; Southern Railroad
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