St. Paul daily globe., 1895-01-24
FINANCIAL.
New York.

NEW YORK, Jan. 23.-The share spec
ulation today was more active than tor
some time past, but the transactions
were mostly ON the bear side of the mar
ket. The market opened weak and
lower, and. except for feeble rallies
about 1915 and o'clock, the swing in
prices was downward, up to the begin"
ming of the last half hour. London was
a heavy seller in this market and the
foreign advices reported American Sc
curlties abroad heavy in tone. A bear
selling movement was set in progress
and there was large liquidation OF long
accounts in the receivership stocks and
others of the active list, in
cluding the coalers. Missouri Pa
cific, Chicago Gas and Southern.
About delivecy hour prices reached the
low point Of the day, and this time the
more important losses from yesterdays
closing or when advances were made III
the early trading from the best figures
of the morning were: Northern Pacific
preferred, 25s; Reading, 2H; Missouri
Pacific, ~; Baltimore u Ohio, Lake
Erie & Western preferred, and Oregon
Navigation and Illinois Central, 2 per
cent: Lead. ~; New Jersey Central,
15s; New England and Canada South
ern, ~; Chicago Gas and Leather pre-
ferred, 13s: Delaware, Lackawana. u;
Southern Pacific. Northwest and La
clede Gas, l; st. Paul, Rock Island and
Manhattan, e; Delaware & Hudson,
Susquehanna u Western and Burling-
ton. %, and the rest OF the lst 7S@7a
per cent.
The low figures made induced some
buying and the shorts began to take
part of the profets of the decline. both
of which factors combined to make a
strong market during the last half hour
and rallies were made ranging from g
to q per cent, the latter i'll New
Jersey Central and Missouri Pacific.
In the final trading. New Jersey Cen
tral reacted q and few other shares
lost 7s@35 per cent. but the market
generally closed firm to strong, al
though at prices below yesterdays last
sales, the more notable losses being
Evansville & Terre Haute, 5; North
ern Pacific preferred, 236; Reading
24; Baltimore & Ohio, Lake Erie q
Western preferred, Norfolk 4 Western
and Oregon Navigation 2; Lead. 1:
Illinois Central, ~; New England, ~:
Missouri Pacific, l5s; Cotton Oil pre-
.ferred. 11s; Chicago Gas and C.. C., G.
& st. L., l19, and the general list 16@Y.
including the grangers, 15919 per cent.
Sugar moved independently OF the
rest of the market, opening unchanged,
advancing p, reacting 4, selling up 111s
and finally reacting 15, leaving a gain
of 81 on the day. Louisville, New AL
bany preferred shows a similar i'm
provement and Union Pacific is un-
changed.
Reading reached a lower level than
Pacific also broke the low record. drop
ping to 8, and the Cordages at 53s and
So are also at the bottom figures.
Northwest at 943s is below the lowest
figure of last week, and the Southern
shares made the low point also. Sev-
eral other stocks were forced below any
previous prices since the opening of
the year, including Missouri Pacific,
Canadian Southern, Northern Pacific
preferred, Chesapeake IL Ohio and Lead.
The bond market Of today developed
the same characteristics as that which
marked the trading yesterday. There
was Slight increase in the volume Of
business accompanied by a steady
drop in values. The aggregate sales
were Sl,194,QOO. The most important
changes are:
DecIines-Green Bay firsts,S per cent;
Ohio Southern firsts, ~; Atchison sec
onds, Ia, and Colorado Midland AS and
Reading AS. l; do firsts incomes, ~;
do seconds, "; do thirds and Oregon
Short Line consols SIS. /; do collateral
trust SIS sold at %, against 81 Aug.
81. There were advances of per cent
each in Louisville, New Albany firsts,
and Evansville division Peoria, Decatur
& Evansville, rs.
were 10O,717 shares, including: Sugar,