St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-17
ALlt TURNED DOWN
STOCK MARKET FEELS A GEN
ERAL DECLINE IN THE IRA
DERS' HANDS.
lNDUSTRIALS SUFFERING.
RAILWAYS ALSO A LEADING
POINT OF ATTACK, WITH
LOWER PRICES.
DAY FULL OF UNCERTAINTY.
Some Recovery in IndustrialS
During the AfternOon-BOnds
Quiet and Higher.

NEW YORK, July 162The stock
market was again today in the control
of traders, and as result speculation
was uncertain, and the great bulk OF
business was in the industrials. AS
is usual under such circumstances, ru-
NOR was busy. When it was found nee
essary to further depress Chicago Gas,
a report was at hand that receivers
had been applied for for the companies
composing the trust. Denials by the
attorney general of Illinois and the at
torney for the trust served to give the
stock but little support. Rumor had it
also that the Leather directory had
authorized an issue of additional COM
mon and preferred stock, causing
break Of nearly , per cent in the pre-
ferred shares, most of which was sub
Sequently recovered on an official de-
NAL of the story. Speculation opened
dull, and the first prices made were
generally below the closing figures OF
last night. The early trading was al
most entirely in the industrial group,
and a very heavy tone prevailed, prices
selling off sharply. Tennessee Coal
lost -, Leather preferred IA, and
DiStlling 70 per cent. In the railway
list, Minneapolis & st. Louis seconds
preferred declined l per cent; Pan,
1sQ3s per cent. Shorts soon began TO
cover, and the market came into better
tone, Rubber gaining rs; Lake Shore,
~; Sugar, IL; Minneapolis & st. Louis
second preferred, Tobacco, Tennessee
Coal and Chicago Gas, l per cent; New
England, rs; Distilling and Leather
preferred, q, and the general list a
smaller fraction. A marked exception
was Cotton Oil, which broke ~ per
cent to 2312, with a subsequent rally
of q per cent. Directly after II o'clock
another drive was made against Leath-
er preferred, which resulted in a loss
of IL per cent. The general market
also sagged, but to only a fractional
extent. Before noon the pressure was
removed from Leather preferred, and
a recovery of IA per cent was recorded,
but an attack on Chicago Gas broke
the stock seriously, and communicated
the weakness to the entire list. The
losses as compared with the high Shar S
We're: Chicago Gas, SIS; Tennessee
Coal, rs; New Jersey Central, ,; Su-
gar, 15s; New England, u.s. and To-
-bacco, Colorado Fuel, Lead, Lead pre-
ferred, Reading, Rubber, Peoria &
Eastern and Norris & Essex. per
cent. In the final dealing there was
some recovery in the Industrial group,
chicago Gas approaching 1k: Sugar. /
Leather preferred, q, and Tobacco, Is.
The railway list closed at about the
lowest of the day, except New Eng
land, which recovered l per cent The
more important declines OF the day
are; Chicago Gas, AS; Tennessee Coal,
%; New Jersey Central. Panhandle
preferred and Cotton Oil. ~. and Nor
ris and Essex and Peoria & Eastern.
l per cent Lake Shore, New England
and Alton & Terre Haute are up per
cent, and Erie Telegraph per cent.
Hohds We're quiet, with higher prices
rGilnS until near the close of the late
session, when heavy sales of the spec
uIatlve issues gave e. weak tone TO the
closing. The sales We're $4.247. coo.
Otah Northern IS sold at Sc, against
%, the last preceding sale on August
q other gains of prominence were:
Milwaukee, Lake! Shore & Western in
comes, per cent; Louisville & Nash
Vile, New Orleans & Mobile DDS. ~.
do Pensacola and Atlanta lists. 3:
Rochester, & Pittsburg lists, 5; West
ern Pacific lists, and Illinois Central
SIS, ,; Baltimore &, Ohio 5s, ia, and
Peoria, Decatur & Evansville lists,
Erie ID consOls stamped, Seaside and
Brooklyn Bridge lists. Oregon Naviga-
ton collateral trust IS, Trust receipts.
Southern Pacific of Arizona lists, and
st. Paul d Duluth IDS, l per cent.
Hooking Valley 6s are down 2Ia per
cent; Chicago Gas lists and Consumers
Gas of Chicago lists, ?; st. Louis
Southwestern DDS, "a; Morris & Essex
Is OF 1871, and Toledo and ST. Louis &.
IN''iiF7olo oibS 1915, 10, anu i OH w dNHe
Dds and Dallas & Waco IS, per cent.
TOTAL SALES OF STOCKS
today We're 25G, 22G shares. including:
American Sugar, 1920; American To-
bacco, 1900; Burlington, 300: Chi
cago Gas, 72,1O0; d. & c. Company.
10100: Kansas & Texas preferred, {. 400;
Northwest, 400; Reading. 10000; ST.
Paul, $500; Southern Railroad, LOO;
Tennessee Coal & Iron, 1880; L. S.
Leather preferred 13 70O- Western
Union, 5000; Wheeling & Lake Erie,
300.