St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-04
FINANCIAL.
New York.
Room Gilhilan Block

NEW YORK, Feb. 2.-Speculation on
the stock exchange today was geners
ally firm in tone, but the volume of
business was light. There was no
special pressure to sell, and there was
at times fairly good buying. but the
mystery attaching to Assistant Secre.
tary of the Treasury Curtis movements
in this city today, and the bond nego-
tiationS. caused a slightly unsettled
feeling on the street, and checked the
upward tendency. There was small
buying for the London account, but
not of sufficient bulk to affect the mar
ket. Union Pacific was among the
shares prominent in the foreign buying
and was also purchased here, the mov-
ing influence being belief that the
Reilly bill for the settlement Of the
debt to the government will become
law. Chicago Gas was bought by trad
ers, who look for change in the man
az ement. The market was some
what irregular in the final trad-
ing and closed rather unsettled,
most of tie stocks dealt in
showing advances, notably Edison Elec
trlc of New York. 3 per cent: Delaware,
Lackawanna, 9: Consolidated Gas, ~;
Pacific Mail, u, and other shares
smaller fraction. American Express
declined per cent. Norfolk and West
ern a. and Manhattan q. Burlington
& Northern is unchanged, and st. Paul
and Rock Island are Is higher. Specu-
lation during the early part Of the
week was depressed owing to combi
nation of adverse circumstances,
among which were: The continued
heavy exports OF gold. the improba-
blity of tine passing of the pooling
bin. the LIQUIDATION of American secu-
rites here and in London by foreign
holders, the decentralization Of the
wheat and provision markets, the sharp
rise in the rates for call money, the
appointment of receivers for the
whiskey trust and the poor outlook for
congressional action upon the treas
ury relief measures. Stocks touched
figures lower than at any previous time
during the month. while seventeen
others sold OIL parity with the pre-
yious bottom prices. During the last
half of the week more confident tone
marked the speculation. The cancella~ 4
ton on Friday of large orders to ship
gold on Saturday which was due to
sharp break in the rates of sterling eX- i
change rendered gold exports unprofit- 4
able was a feature in stimulating the
market. The main feature of the trad .
ing during the week was General Elec- 1
trio, in which liquidation was plainly 1
perceptible. Among the other securities 1
some heavy declines were made, rang. /
ing up to per cent, the latter in Metro 4
politan Traction, but majority of the 4
depressed shares were higher in the I
final dealings. Among the more i'm
portant changes on the week were:
Baltimore d Ohio South
western preferred, SO per cent; Nor
folk & Western preferred, 35s; Pitts
burg 81 Western preferred, 80, and
Long Island, 8.
Advances-Tobacco, per cent; Hook
ing Valley. 21s. and Pacific Mail. q.
The sales aggregated 972, 900 shares.
The bond market today was some
what Irregular. but, in the main firm.
with total sales of s47l.0OO. Advances
were recorded i'll Oregon Short Line
consol, guaranteed, rs, u; Laclede Gas
5s,1A, and Chesapeake & Ohio 415s.
Kansas & Texas. of Texas, IS, Reading
third incomes and Wabash seconds. l,
Declines : Louisville. ST. Louis &
Texas frsts, 4 per cent: Louisville d
Nashville, N. & D. frsts. 2; Norfolk d
Western CHnch Valley division frsts
sold at so against SO the last previous
sale, but &c was only bid for it at the
close The bond market was generally
heavy during the early part of the week,
and the dealings were attended with
considerable animation. Foreign houses
were conspicuous sellers. and there was
considerable local liquidation, causing a
big slump i'll the prices of numerous
shares. The. speculation was marked
by a healthier tone in the later dealings.
but the recovery was only partial and
most of the mortgages traded in show