St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-03
STOCKS SELlL1 Low.
PRICES BEATEE DOWN BY RE
ALIZ 4TIGN AND BEAR IN
FLUENCES.
SHORTS HURRY TO COVER.
EUMORS OF GOLD SHIPMENTS
WITHOUT FOUND ALTON. BUT
AFFECT QUOTATIONS.
STEADY AFTERNOON DEC14xE.
Gcavy Sales CT Sugar and Tobac-
co S5ureS-Bo0d Market
GuiCt ana Firm.
SHORTS HURRY TO COVER.
STEADY AFTERNOON DECLINE.

NEW YORK. July 2.-Rsnewed ef-
forts We're maGe JCday 70 dspress the
values On the stock exchange by cir
cula ting ruICoTs OF prospective sold
shipments. Il IS t-Ie that 4 banking
house which DOES bysln s. with Cuba.
expects 10 senG some French gold to
Paris. which has been received IN tran
sit from Havana, bat this transaction
is a purely commercial affair il the
ordinary course q business, entirely
disconnected with the gold export
movement. There appears 10 be 10
other foundation ICT the stories set
anoat about geld shipments, and the
street treats them IS mere bear
points" II is not likely that any long
stock was Sc4d on the strength OF
them. The saCrt interest. which took
alarm AT the confident tone OF yester-
days late trading, went into the mar
ket at the opening this morning TO COW
er their short contracts. and the COM
mission houses had nC-nzrCUs buying
orders. both OF which helped 10 adj
vance prices IL the early dealings. the
gains ranging ND 10 ~ per cent. the
latter in american Tobacco. This
stock, which h2d declined u per cent
was moved up on Geni2Is that an ad-
verse decision mad been rendered
against the company. coupled with IA
Vorable news CT trade prospects. To-
ward midday reai;zations set in. Cue
10 the approach OF the holiday, many
OF the brokers having decided TO go
out OF town this evening and early to-
morrow. The bears took advantage Of
this condition CT affairs TO hammer
the general market, more particularly
the granEeTs, and with the exception
OF a partial rally after delivery hour,
the tendency throughout the afternoon
was IN the direction OF lower figures.
the decline extending 10 , Der cent.
Northwest. Rock Island. s.. Paul Bur
HagJon, Duluth. South Shore 8, At
lantic, Edison Electric OF New York.
Sugar. Chicago Gas. Consolidated Gas
and Chicago * Eastern Illinois pre-
ferred leading in the downward move
ment. The market closed weak. and
prices in the main are lower than in
the final sales of Yesterday
The more important losses are:
Northwest and Edison Electric Of
New York. IL per cent; Morris q T1s-
sex. x. Chicago x Eastern Illinois
ptd and Duluth, South Shore 6. At
lantIc, IA; St Paul and Rock Island.
Is and Hooking Valley ! per cent
advances: Tobacco, 50 per cent; Colo
raCc Fuel and Illinois Central >: St
Paul pfd ard Minneapolis * 81. Louis
pfd, -; New England, ~, and ST.
PAU x Omaha / per cent
Bonds We're quiet and firm generally
At the clCEe some slight recessions
We're noted The sales were Si.555.G}3.
The pTT1clpal changes are: Advances:
Louisville 8, Nashville lists. St. Louis
division, 81 per cent: Toledo < Ohio
Central ISIS. Western division. S:
Oregon x California -. ) Louisville.
Evansville x ST. Louis consol IS, &
Canada Southern IS. registered. ,;
Savannah < Western first trust re-
ceipts. rs, and ST Paul, ChicaSo- q
Minneapolis -. Burlington converttbIes
ana Cincinnati. Dayton < IrontOu 5s.
I per cent. Declines: Reading Is
trust receipts, H.: Northern Pacific 3.
I; 10 coUsOl >. 12s. and do trust re-
ceiptS. Is per cent.
TOTAL SALES OF STOCKS