St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-12
STOCKS HAVE AN IRREGULAR
DAY, WINDING UP WITH
LOSSES.
CROP NEWS UNRELIABLE.
ADVICES OF SPECTATORS NOT
AS GOOD AS THE OFFICIAL
REPORTS.
FOREIGNERS BUY AND SELL.
Some Covering of Contracts at the
Low Figures That Prevailed
All Day.
FOREIGNERS BUY AND SELL.

NEW YORK. July 1.-THE crops
We're the chief feature, with the rail-
way list, on the stock exchange today.
Private advices from the West were
directly contrary to the terms Of the
government report, which fore
Swallowed an unusually heavy corn and
and a good spring wheat crop. The
bears used the Unfavorable reports to
depress prices and succeeded in forcing
down the granger3 and other stocks of
the railway group, despite the fact that
the peSSimiStic views received no con-
frmation from UnintereSted sources.
The industrial section was managed by
cliQueS Of professionals who are in the
control Of these stocks for the pres
ent. The speculation was in the main.
in the hands of the traders, who are,
now chiefly bears. The foreign ele-
ment bought early in the day and
became seller later, but their opera
lions did not affect the market to any
appreclabiS extent At the opening :.
firm tone prevailed, Chicago Cas- SELL
ing up rs and the other stocks TRADED;
III fraction, except New England
winch broke rs per cent Oh small sales
by d prominent operator at the time
Nnen no supporting orders We're on
the board. The grangerS were soon at
lacked and gave way say. Chicago
Gas sold off is, Tennessee Coal 80
Missouri Pacific rs, Sugar and Tobacco
Ia and Manhattan and Susquehanna &
Western pfd 1 per cent. Before mid
day a slight rally tCok place in the
general list and Tennessee Coal moved
up IA, but in the early afternoon the
selling was renewed SO that prices
again took a downward turn Leather
pfd receded 312; Sugar, "a Chicago Gas
and Louisville d Nashville. 49,: Ten
n6SSPD Coal
quehanna x Western pfd l per cent
AT the lower figures there was cover
ing OF short contracts and a general
improvement in prices followed, which
extended to only a fraction, except i'll
Leather pfd and SusQuehanna & West
ern pfd, both of which gained / per
cent. The market closed firm. but at a
general decline of 11s62i2 per cent on
the general list, New England, Sugar
and Louisville & Nashville showing
sold at 14715, against 1875 the last pre-
ceding sale Toledo, st. Louis & Kan
sas City pfd sold at 151i, against 121s
the previous sale. Iowa Central pfd
IS up per cent, Erie pfd. 17s and
Keokuk & Des Moinpr pfd ~ per cent.
bond market was but $1,OS0,OO the
smallest days business for some time
The tone of speculation was firm, but
there were few changes of note in
prices. Louisville & Nashville general
6s and Western North Carolina lists
advanced ~ per cent. Lake Shore
registered lists u and Texas & New
orleans consol 5s and Iron Mountain
5s l per cent.
TOTAL SALES OF STOCKS
today. We're 275,OO6 shares. including.
American Sugar: 81, 300; American To
bacco, $500; burlington, 10. 100: Chicago
Gas, 5000: Distilling and Cattle Feed
ing, $500; Louisville & Nashville. $500.
Missouri Pacific. $500; Northwest, 700;
Reading, 20,600; Rock Island. 5000; st.
Louis & Southwestern pfd. loo: ST.
Faul, 165GG, Southern Railway pfd,
400; Tennessee Coal and Iron. son.
Z. S. Leather, $500; L. S. Leather pfd'
BOO; Wheeling & Lake Erie Is 900.