St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-23
FINANCIAL.
New York.

NEW YORK, March 22.-The upward
movement on the stock exchange re-
ceiyed another setback today, not Sc
riouS except in so far that the general
advancing tendency was checked and
some of the leading stocks recorded
fractional reactions. The only shares
which showed loss on the day exceed
ing a fraction were Susquehanna Il
Western, which was subjected to Il bear
raid, accompanied by unfavorable rh--
norS. Among these were stories that
the company had failed in negotiations
looking TO au increased tonnage and
that Ill the proposed readjuStment
among the anthracite eoal-carryIng
COMPANIES the small companies would
receive less favorable treatment. Con-
Siderabie stock was thrown on the mar
ket. common shares selling Off and the
preferred 3$4 per cent. AT the close re-
coverieS had been made of q and u per
cent, respectively. The general mar
ket opened strong and active and an adj
vance was recorded ranging up to per
cent, with Delaware x Lackawanna in
the lead. Speculation, however soon be-
came unsettled and the trading irreg-
ular, the market gradually laps
ing into decided weakness. The de-
preston continued in force until shortly
after II o'clock, when rally took place
and the market swung into the after
noon in good tone. No material gains
were made after l o'clock, the dealings
growing rather dull until after delivery
hour. when general reaction occurred,
and from that tiEle up to the close the
market was heavy. Distilllng was most
prominent in the transaction. and after
all early gain of Is per cent broke ~
per cent Oil selling. The stock closed Il
above the lowest and Is below yester-
days closing price. Chicago Gas was
nota ably strong on purchases by the new
inte rests i'll the property, and made
net gain on the day Of u per cent.
Sugar was manipulated by the clique
within a range of II per cent. closing
at loss of 4 per cent. General Flee.
trio opened q per cent lower, rose q,
broke l 4, recovered Is, reacted "a and
rallied IS. closing at yesterdays figures.
The moving influences in this stock
were rumors that the Westinghouse
and General Electric companies had
agreed to pool their patents and denials
thereof. The truth is that negotiations
are pending between the companies,
but as yet no definite agreement has
been arrived at. On purchase of leo
shares st. Paul & Duluth advanced 2
per cent. Oregon Navigation, Chicago
u Eastern Illinois preferred rose
l per cent, and Cotton Oil preferred
II. The other net changes on the day
are merely fractional, majority of the
active stocks showing declines from the
closing sales Of yesterday. Delaware q
LackaWanna advanced l. fell off II,
and rallied e per cent; New Jersey
Central rose l, lost the gain, rallied 81,
reacted q, and regained % per cent.
The market closed weak.
The trading in, bonds was less ami
mated during the day, and there was
considerable irregularity in prices.
The losses. however, on the day are in
the main confined to fractions. The
total sales were Sl,642 900. in which
Texas & Pacific seconds figured for
S259,000. The principal changes are:
Advances-COlorado Midland firsts,
2h per cent; Wisconsin Central firsts,2.
Declines Scioto Valley 81 New Eng
land As, per cent.
Total Sales of Stocks
today were 232, PA shares, including:
Sugar. 1880; American Tobacco, 8. 200 /;
Atchison, l1,000; Baltimore d Ohio,
3.4CO; Chicago Gas. 10000: D. c. F.,
40, 100; ID. G. F. certificates, 17,7OO; Gen
eral Electric, 1880; New jersey Cen
trail, 7,100; New York & New England,
third assessment paid, 5000; New York
and Western, BOO; New York Il Weet-
ern preferred, 4.3O0; North American,
$500: Northwestern, 5000; heading,
$500; ST. Paul, $500; Southern, 1900;
Wheeling IL Lake Erie, $500.