St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-27

II; dc, common, Is; Leather preferred
and Consolidated Gas, l; TOhacco,.5s
| DistiiIing lost 3, but made full rail,
at Tie Close. General Electric recedet
i Is. recovering I. Lcnd9n was smal
seller Of ST. Paul at the opening, bu
without depressing the stock was helt
firmly on the reported increase of Sill.
sos in tic December net earnings. The
other grdngtrS were strong in sympa
thy. and at the close Burlington was "
| 3 and Nor. Invest %, with st. P.u
and Rock Island unchanged. Most OF
! The railroad stocks traded in show de.
I In from yesterdays final sales, no.
| tably Wheeling & Lake Erie preferred,
81, and Lake Erie & Western pre-
terred. Just before the close 500 shares
Of Pacific were placed OIL the market
and broke the price "a per cent. Some
! few shares show gains OF small fr&c-
ton and Pullman is 5 per cent higher.
Speculation was generally heavy in
tone, except within the last half hour,
| when a covering movement set in,
which was due to a belief that iinme-
date action would be taken by Pres
ident Cleveland with view to reStOr-
ing confidence in the tina ncial situation,
which has reached point when such Il
StC 10 tto dOoOibtSly
sary, and on this point OF view the mar
ket closed firm.
The week Just closed las been disaS-
trous to the value of railway and indus
trial shares, and the lowest point OF tie
month was reached in siXty-siX of the
stocks traded while some shares sold
below Tie bottom figure Of last year.
The confined heavy sh..rrn:"'M,.tt:. o. g"ld
~.
eEceS CT the market. involving as it did
q serious decrease in the treasury gold
reserve and heavy draw on the gold
able for the redemption of gold certfi-
cafes. Liquidation was plainly dis
cernible in the shares OF the receiverShip
reads ard in several of the loW-priced
stocks. Heavy blocks of Dead common
were thrown OH the lead. leading it to
believe that Il pay ment of dividends on
the stock would be discOi tlnued and
talk that the forthcoming annual
statement would be unfavorable. The
net loss on the week is So per cent,
which is within q per cent Of
the lowest. Lead preferred alec shares
in The weakness and made decline of
555 per cent. Reading was subjected to
n considerable liQuidation owing to the
threatened foreclosure proceedings, ana
gave way $685., the last sale being 3s
above the lowest. Reports that the
stock would be heavily assessed were
rife, and the fact that a prominent i'll
slider was letting his holdings go was
another factor of weakness The bonds
also suffered severely. Northern Pa
citic preferred, on a reiteratlon OF the
statements than All assessment would
be levied on the shares sold down 2T,
with final rally of q; do common
touched 25s, the lowest price ever regis.
tered. CUrdage shares, while less ami
mated, continued their downward career,
and sales were made of the common at
q: do preferred at Sand do guaranteed
aL 11$l. The prices CT the two first named
are The lowest yet recorded. On the week
these stocks are off IL, IL and ~. re-
speclively. Union Pacific attained an
advance Of Il per cent in the early part
of The week, but towards the close liQui-
datiOn of long accounts caused decline
of 4 to 81. the closing price being 4
below last saturday. Missouri Pacific
was subjected to drive which carried
The shares down from 1873 to 81. the last
price made being 211s. The Southern
railway securities were hammered down
OIl a. DOI tlIGtl lllS p0IlJ
were preparing 10 strike, which was Of
cially denied. The common fell off II
10 91s and the preferred TO 324, which
are the lowest figures made since the
stocks were listed. The respective losses
OH the week are q and 3 per cent.
Illinois Central broke % 10 S715,
mainly OH sales for foreign acc
count. Sugar was marked up
IL to 907S on Monday, on the an
Eouncement OF the decision in favor of
the trust by the supreme court. but re-
acted to S9B, recovering in the final
dealings and closed unchanged on the
week. The grangers eased off early IN
the week, but when the senate reported
the pooling bill without amendment
there was sharp rally. A subsequent
announcement that the bill would be
subjected 10 a vigorous attack by those
senators desiring amendments 10 it
brought about reaction, which was
partly recovered in the final trading on
buying Induced by ST. Paul's favorable
December statement. The losses Oh
the week are 190l35, the latter in Rock
Island. The coal shares made material
receSsions, extending to AZ In New
Jersey Central and 81 in Delaware &
Hudson, with a recovery Of IL
in New Jersey Central, the 9th rs
closing at the lowest. Manhat-
tan was sold down from 1888
TO 1861, regaining small fraction,
and closed 215 down on the week. The
total sales for the week are 717,1S4, ana
other declines of note are: Evansville &
Terre Hdute, 5 per cent; Erie Tele-
phone, 81; Pacific Mail, 50; Lake Erie
q Western preferred, 3; Wheeling q
Lake Erie preferred and SusQuehanna
& Western preferred, 2T: do common,
II; Leather preferred, "a: New Mig
land, 254; Lacelede Gas, ~; Tobacco,
21; Cotton Oil, do preferred, Iowa Cen
trail preferred. Norfolk Il Western pre-
ferred, Oregon Navigation, G.. {. &. u
St. l.. and Consolidated Gas, 2; Louis
viii 81 Nashville, II, and Chicago Gas.
IL; Wells-Fargo Express selling DUR
ing tho week at los, the last previous
transaction at 123 being made some time
ago. Quicksilver preferred brought
1914, against - the last sale. A few
ing PENNSYLVANIA Coal. 10 per cent;
Buffalo, Rochester d Pittsburg pre-
ferred. 5; American Cable, 2, and Erie
preferred, II.
The bond market was quiet and GER
orally heavy during the Two hours of
business. The aggregate sales were
S45l 500. Advances d Nash
vile, New Orleans Il Mobile tirsls. 23l
per cent; Cedar Falls 4 Minnesota tirsts
and Green Bay Tirsts, 2.
The speculation in the bond market
during the week has been heavy and
the general trend was downward. The
aggregate sales were Sc, 123, coo.
The main feature of the trading was
the Reading issues, some sales of which
were registered at the lowest ever
made. There were also some notes
worthy declines in some of the usually
inactive mortgages, and final prices
are generally at a liberal recess
sion from the previous Satur-
days closing. The net losses are:
Cordage tirsts, l per cent: Green Bay
tirsts, 10; GO incomes. 23l; Oregon Short
Line collateral trust fves, 1879; dosixes
and trust receipts. 219; Central Pacific
land grants, so; Union Pacific, Denver
& Gulf lirsts, AZ; Reading tours, 21S;
DO fir incomes. 2$4; do seconds, 81;
do thirds, 2119; do deferred incomes, /,