St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-11
FINANCIAL.
New York .

NEW YORK, Feb. 9.-There was re.
action from the severe depression of
yesterday OIL the stock exchange today.
AT the opening prices were generally a
fraction higher, but the improved tone
ton, and before the end of the first
quarter OF all hour the market had be-
come dull and lost all lis tone.
The annual report Of the Northwest
railroad was made public about this
time, showing deficit of S1.65G, 99S
against surplus OF $3.50, 154 for the
year 1898. This led to selling move
ment on the break. which was quickly
communicated to the rest Of the active
list and prices continued to decline to
the close, the final sales being at or
near the lowest figures of the day.
Northwest led in the transactions,
opening &c higher, advancing e., then
breaking ~ and closing rs below
yesterdays last price. st. Paul
fuctuated within a range of
q per cent. closing at decline of 4.
Rock Island lost q and Burlington g
on the day: Sugar made a net loss Of
20. The trading interest of the list was
light. Declines were established in
Tobacco. preferred, ~; do common, q;
st. Paul u Omaha and iowa Central
preferred, Il; Pacific Mail, Lake Shore.
Laclede Gas preferred. and Edison
Electric of New York, /; New England,
81. and Cotton Oh, "a per cent. Pitts
burg, c. G. & st. l.. dropped 29l per
cent on sale of 100 shares. On the
week the stock market has been dull
the sales aggregating only 717,S00
shares. The tendency in the main was
downward; prices beginning to stag the
very first day of the week, the depres-
sion being largely due to the delay in
announcing the government bond issue.
Other factors In the heaviness OF specu-
lation were the defeat of the Union Pa.
cific funding bill in the house of repre-
sentativeS and the unfavOrable stSte-
ments Of earnings Of Western roads.
London was a seller Of all the
International securities, notably Uuion
Pacific, which broke 2 per cent. with
subsequent recovery of ~. Distilling
was notable exception to the general
market at the opening, being strong at
an advance of on reports that PreSi-
dent Greenhut would be deposed from
the receivership of the company, and
making further rise Oh the accom-
pliShment of the prophecy. The defeat
of the Springer bill in the house assist
ed to depress prices slightly, but the
street had largely discounted the res
suit. Late Friday afternoon the market
received a setback. general disappoint-
ment being felt that the government
loan should be only S65, 900, 900, and also
by reason OF the fact that the govern
ment could not make the bonds at
price less than 354 per cent, when 81
per cent was the highest figure which
had been spoken Of during the negota-
tions. The Cordage shares continued
their downward career and sales were
made at the lowest figures ever touched.
L he principal changes of the week are:
Declines-Cordage guaranteed. 35;
do preferred, 2; i.ackawauna, 336; st.
Paul IL Omaha. 81; Chicago Gas. North
west and Norfolk d Western, "a; and
Lead and Susquehanna & Western pre-
ferred, 2.
MISUNDERSTANDING, c., c. & st. L.
preferred, 2al; St. Paul & Omaha pre-
ferred, National Starch first preferred
and Alton IL Terre Haute, q
The bond market was quiet today, the
sales aggregating only S34S,00O. Some
of the unusually Inactive bonds ruled
lower. The main declines on the day
are: U. S. Leather 6s, Toledo, ST.
Louis q Kansas City first trust receipts
and Union Pacific, Denver & Gulf
tirsts, 2 per cent.
The market during the week was
only moderately active, the transac-
tons footing up 81, 149.500. Generally
the tendency OF prices was downward.
The more important losses were:
Omaha and ST. Louis tirsts. 10 per cent:
Norfolk d Western, New River division
firsts,7: Kansas Pacific consol Is, 5. and
Scioto Valley. AZ: Evansville d Terre
Haute tirsts. AZ; Union Pacific. Den
yer & Gulf firsts, 81; Erie second con-
soils. Ohio Southern Is and Mich.
igan Central As, 3; Northwest sink
ing fund debentule IS regis!
tered OF 1888, 25s; Union Pacific gold
SKIES and International IL Great North
ern seconds, 2la; do tirsts, Baltimore 81
Ohio IS, East Tennessee division 5s.t
Cedar Falls 81 Minnesota firsts, Louis
vile u Nashville IS, Toledo, st. Louis J
Il Kansas City first trust receipts, Ore {
gon Short Line consol IS, st. Paul, Min q
neapolis & Manitoba eonsol IS, Toledo.
Ann ArbOr first trust receipts, Wabash I
tirsts, Detroit 4 Chicago extension and
United States Leather is, 2. 81
Advances-W iscOnsin Central firsts0
and New York d Putnam firsts. 25:d
Northwest Extension As and LouisyiiIef
IL Nashville Pensacola division) IS. Il
24, and Albany & Susquehanna consol
Is, Colorado Coal Is and Denver & Rio
Grande As, 2.
The Total Sales of Stocks
today were 64.2S6 shares, including:
American Sugar, 1000: Burlington.
5000; Chicago Gas. 8, 100; General Elec.
fyin I I ~ NJ