St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-04
FINANCIAL.
New York.

NEW YORK. Jan. 3.-The stock mar
ket was characterized by weakness at
the opening which extended to almost
the entire list. and some shares sold at
figures below the lowest point touched
during the year 1894, to-wit: \, rth
west, which sold down to 947s against
9614, the low point of last year; New
Jersey Central. to S515 against S71a;
Reading to 1925 against 1915. and st.
Paul & Omaha at 311l against 80. st.
Paul sold at 547s, within e of last years
bottom figure. In the early dealings
New Jersey Central was the special
mark of attack of the bears. and under
brisk selling broke 81 to $50, the stock
coming, it is said, from all nsider. who,
1t is claimed, Is liquidating his hold
lngs. That the sales are Of long stock
are made clear by the fact that
the shares could not be lent fiat in the
loan market. Other declines during
the morning are Canada Pacific. 2 per
cent; Laclede Gas. IL. and Chicago
Gas. Northwest and Michigan Central,
l. Towards noon there was change in
the temper of speculation, the down.
ward movement being checked and
good buyers coming to the market. This
caused a general advance, New Jersey
Central moving up ~; st. Paul. Bur-
lington, Lake Shore and Cordage pre-
ferred, II: do guaranteed, 2; Baltimore
& Ohio. rs; Northwest. Rock Island,
Manhattan and st. Paul d Omaha, /,
Gas rallied %, reacted q and ad-
ties recorded heavy declines, nota-
bly, Illinois Central, which dropped
1s5 on London selling. with a,
final recovery of u. In the last fifteen
minutes of business there were offer /
ings of Consolidated Gas which caused
a decline of 81, of which Il was recov-
cred. Only 1000 shares were disposed /
Of in all. Speculation was notably
strong during the last hour. and in \
many cases the last prices were the
best. In only some instances was the 1
break of the morning fully recovered.
and, compared with yesterday. the final
figures were very irregular, but in a 4
majority of cases are higher, the prlnci-
pal gains being Cordage guaranteed, 2;
Cordage preferred, n; Cordage COM
Western, ~; Sugar, rs: Sugar pre-
terrsd and Burlington, i; General Elec-
tric, q; Lake Shore u Manhattan, "a;
st. Paul. Baltimore & Ohio, Rock Island,
st. Paul IL Omaha, LackaWanna and /
Lead preferred, 15,and Chicago Gas and
Western Union. g.
Declines-Consolida Gas. ;NewJer-
sey Central. III; ; st. Paul. Minneapolis s.
Manitoba, ~; Canada Pacific, 2; Lac
lede Gas preferred. n; Illinois Central.
Is; Michigan Central and Pittsburg u
Western preferred, L; st. Paul pre-
ferred, Denver q Rio Grande preferred
and Lead. q; Hooking valley. Is;
Northern Pacific preferred, Is; New
England and Rubber. d, and DiStilling.
n.
The trading in bonds during the
morning was rather heavy. owing to the
depressing influence Of the share specu.
latlOn. but Ill the afternoon there was a
rally, in which most Of the shares dealt
in participated, and che closing was in
good tone. The trading on the day was
rather quiet, the aggregate sales being
1854, 800, out OF which Southern IS
figured for sl46.O0 The more im>
portant changes are:
Advances-Detroit Monroe e Toledo
firsts. AZ; ST. Louis d Santa Fe trust
threes, f.
Declines Hooking Valley fves and
New Jersey hrsts, consols Of 1892, 211z.
The Total Sales of Stocks Today
were III 1854 shares, including: Amer.
lean Sugar. 30,400: Burlington, $4,000: |
Chicago Gas, 1880; l.. & n $500; New |
Jersey Central, S.70O; Northwestern, |
1900; Reading, 5,700; Rock Island, |
5000; st. Paul. $1,000; Western Union, |
5000.