St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-08
CHS TRUST RAIDED
GENERAL ATTaCN ON THE CHI
CAGE CosEBINE INDUCED BY
ADVERSE REPORTS.
WHOLE MARKET Affected.
RAILWAY AND INDUSTRIALs
OPEN IN GOOD SHAPE, THEN
FALL BACK.
STRONG RALLY NEAR THE END.
Stocks During the Week in =
Generally Unsettled Condition
snd Operations Dali.

NEW YORK. Iul- C.-Chicago Gas
was the weak spot in today's stock
market. This mornings adVices from
Chicago were % the effect that WHILE
President Lincoln had not YET sent III
his resignation. II was very probable
that ne would Go SO, as Col. Payne,
al whose request lie became the chief
executive officer Of the trust, had
some time since sold out his stock il:
the company. Reports from the same
source stated that other Chicago di-
Tectcis Would resign, and that the
attorney general would be allowed to
push his suits against the trust TO the
end thar the companies Affairs be put
on q new basis. The bears took the
initiative ct the opening OF business
aiad-foTce1 the stock down q per cent,
out OF brisk covering all advance Of
rs was quickly made. AT the higher
n2ures the attack was renewed. and d
sharp decline OF per cent followed.
toward the close d covering movement
caused d rally OF q per cent, restrict
1slS Inc loss On the cay TO Is per cent
ne general list opened niodera tely
active and ii the main higher, and an
aaNanSe set III, ranging up 10 per
cent, New EESland leading the rail-
Way group and Tobacco the IndustriaIs
The depression in Chicago Gas caused
r6actioH Of rs in New England and
a fraction, but in the final trading there
was a partial recovery, ana the mar
ket closed firm and in the main higher
than al The close yesterday. The gains
are fractional, except that Sugar
SHOWS an Improvement Of ! per cent,
New England, 10; American Gable,
is, and tobacco pfd, : per cent.
Ihe trading Of the week had been
dun and the market unsettled, hay
ing been largely in the hands of the
professional operators. At the outset
the traders ranged on the short side
and lnaugurated a movement against
the industrial! shares, which resulted III
heavy break IN these stocks. The
advance in prices OF grades CT sugar
induced the formation OF a bull pool
In sugar stock. which moved the price
up, making net gain Of 53s per cent
Chicago Gas received support at the
low figures On the reaSsuring utter
ances of the management as 10 the
ultimate outlook on the dividend Ques-
ton, and rally was made of SIS
per cent. Talk OF President Lincolns
retirement and other unfayorable rum
ors again rendered the stock vulnerable
TO bear attack and the appreciation
was lost.
The final sale records a loss of q
per cent on the week. The railway
list in the earlier operations ruled low
err in sympathy with drive against
=
granger group at one time was a tar
get for the bears, and yielded under
their efforts, the list generally closed
higher on the week. The sustaining
factors in the late speculation were
the receipt of favorable traffic returns,
cheering crop adVices, London buy
ing, and the Improved business out
look, which caused heavy covering by
the shorts. The transactions Of the
week aggregate !, 016, 7G0 shares, and 722
stocks figured in the dealings. The
principal changes are -Advances-New
England, 49, Distilling and Southern
preferred, %. ana St. Paul preferred
and Illinois Central, =. Declines
Great Northern preferred. /; Alton &
-Terre Haute, g. and Bay State Gas, ?
per cent.
Today's bond market was dull. the
sales being 1888, 600, and the tone of
the trading was a shade ea sier. Penn
sylvania SIS declined l1a per cent, and
Consun ers' Gas, S; Buffalo, Rochester
q PittsbuTg IS gained ! per cent The
bond speculation Of the week was in
active and devoid OF special features
The sales We're Sc. $50. $50 and 234 bonds
OF the week are: DeclineS-COnsum-
eTs' Gas, of Chicago, fiTsts, So; Peoria
412s, 81; Northern Pacific consol IS,
~, and Northern Pacific trust re
CelDtS, AZ. AdEanceS-Toled & Ohio
Central firSts. Western division 6 Der
cent and Oregon < California IS.
per cent. The demand for govern
ment bonds was light. and but 1880
were dealt in. The state bonds We're
in better demand, and III. 500 changed
hands, of vhic-4 $4,000 were Tennes-
see, and $l5,5f0 NiTginias 5000 Ala
bama. In silver certificates, $40, 900 sold
at 67G67;4c.