St. Paul daily globe., 1895-12-28
STOCKS WE'RE DEPRESSED, PART
.,aaLFsBNCAUSE OF LOWER
Il !; ;isssgsss PRICES ABROAD.
The TARIFF DISAPPOINTMENT,
hIs4FERIAL DECLINES in GRAN
GEIks AND INDUsTRIAL
SHARES, g.
LATE RALLY THAT DIDN'T LAST.
Burlington's Earnings Not Up to Ex-
pectattons-FirmT Tons to the
bond Mnfksty

NEW YORK, Dec. iii f-The temper of
speculation today wasefeverish and un-
settled. "A variety Of influences con-
tributed to bring about depression. In
the first place, insteadp a higher range
of prices for American securities In the
London market, as the local traders ex-
;pected, although upon what basis could
not be reasonably explained, quotations
from that center showed declines in the
internatR1als, extending to 1B per cent
1M EDaisVMle@ g. Nashville. The weak
ness was set down to dissatisfaction
over the terms Of the proposed new
sfaysHuebA bAl. This criticism met with
OILY pAYtl acceptance. The, local trad
,1slgs WIS unfayorably affected. sympa-
stheticsslsyS and material declines were
recorded at the outset Of business, espe-
clally In the grangers, iindustrials and
Louisville & Nashville. go account for
the weakness stress was also laid on
the estimated shipments of gold by to-
morroW's steamer, which were only par
tlallyEer1fied; upon the unsettled finan-
c1al conditions generally; upon a disap-
pointing exhibit of earnings by the Chi
cago. Burlington & Quincy for Novem-
Der and the eleven months up to Nov.
IL, and finally, upon. the runors affect
ing the credit Of the Baltimore & Ohio
railroad. A specific denial of some of
these reports were made
III ne feactlonary = movement was soon
stemmed by covering purchases for short ac-
count, and, to moderate extent, by COM
mission houses. The improvements resulting
We're however, inconsiderabIe except in one
or TWO instances. Chicago Gas responded to
theS nswss1 OF a denial by Judge Bischoff OF
the motion to make permanent the injunc-
5tton rastrafning the committee from perfect
ing the plan Of consolidation by an advance
of ~ per cent. The attack on Baltimore &.
ohio resulted in decline of 71a per cent
and caused a drop Of 31s percent in Western
Union on the Inference, that the alleged
financial difficulties of the aforementioned
company would compel the sale of its hold
ings of Western Union, amounting to $4,000
shares. A decline of 6 peri cent in Lacka-
wanna, following the announcement by Pres
ident Sloan that the regular quarterly divi-
dend OF IL per cent would be declared later
in the day, of the anomalies of the
speculation. 1t was also authoritatively stat
ed that the Hudson Canal company will main
This condition of things lis supposed to be
due to the decidedly unsatisfactory condition
Of the anthracite trade. -,
The market during the last hour of trad
ing displayed pronounced heavfness. Sugar
scored a net decline of per cent, Chicago Gas
lost ALI <ofl the early improvement, and other
leading shares lost from 1 to- 29s per cent
net, the last in Louisville & Nashville. The
closing was fairly activeg andvat the lowest
figures of the day.
The early trading in bonds was character
lied by firmness. In the late session. how
ever, break, material In some instances,
occurred The dealings aggregated 81. SIS 900.
The dealings in government bonds aggregated
only 81, ,000 There were NO notable changes in
prices. In state bonds q good demand was
noted for Virginia Cen TRIES, $4,000 changing
hands at a material appreciation in price.
Tennessee settlement threes figtired for $4,000.
The total sales of stocks today were 23s,=
6s7 sharess including: American Sugar, so. 800:
AmeHean Il fiTobaeeosz g. AesI Atehisen: 300;
Burlington, II 200; Chicago Gas i. 800; Dis
ti1ling and Cattle company. 5,70o;, Kansas. &
Texas, $500; L. & NJ. $500; Missouri Pa
ciic, 1900; Reading, $500: Rock Island, 1900;
st. Paul 81, ,3O0; Texas Coal and Iron, 4,5o0;
U. s. Leather. $500; Western Union, 14,300;
Wheeling & L. E.. 6,40.