St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-10
STOCKS ARE CHEAP
NEARLY ALL THE LEADERS
SELLING At LOWER FIGURES
IN NEW YORK.
CHICAGO GAS UNDER FIRE.
NEW ENGLAND TUNHLES AFTER
THE FORECLOSURE SALE,
THEN RALLIES.
SUGAR IMPROVES SLIGHTLY.
Liquidation Gives the General
List . Severe Shaking. but
the Close Was Better.

NEW YORK, July 9.-The share
speculation today tended generally
toward lower figures, and as result
the days trading prices show a de-
cline ranging up TO 57sc per cent, the
latter in Chicago Gas, which was most
prominent Numerous ruuorS were set
afloat in regard 10 this property, and
they were all Of an unfavorable char
acter. The stock opened 8 per cent
lower. but quickly rallied Is to 5S14-
Then came out food Of stock in small
parcels. the flow continuing through
out the morning and afternoon, fore
ing the price down So TO 5314, the clos
ing sale being whiting Is OF the lowest
point touched. Disullins occupied
goodly share Of the speculative atten-
ton. After an early advance Of Is per
cent a heavy selling movement was
5nauguraled, on reports that compli-
cations had arisen which would delay
the reorganization. This resulted IN
a break Of rs, Of which rs had been
recovered at the close. There was
sharp covering in Sugar in the early
dealings causing an Improvement Of
u per cent but the depression in its
sister stocks were soon communicated
10 il. and the bears hammered II down
81. the last sale being L per cent
above the lowest OF the day. The mar
ket generally opened active and strong,
early gains being established of 1s4l
per cent the latter in Tobacco. On
steady liquidation the entire list took
a downward turn until after delivery
hour. when losses had been made OF
L TO per cent, the latter in New
England, which was depressed because
The foreclosure sale did not disclose
the extent Of the alleged New Haven
controlling influence. Other shares
prominent in the decline We're the Cord
ages. Reading, New Jersey Central,
the grangers. Tobacco. Manhattan, Pa
cific Mail. Tennessee Coal and General
Electric. About 80 o'clock purchases
TO cover short contracts sent New Eng
land up per cent and the rest OF the
list fraction. and the market closed
fairly firm. = few stocks show frac-
JiOnal gains, and Canadian Pacific and
Toledo, ST Louis * Kansas City are
IL and ! per cent higher. Chief among
the losses are Cordage guaranteed ,
per cent; do preferred, rs; Pacific Mail,
New Jersey Central and Sugar, I12;
Reading and Tennessee Coal, rs. and
New England, Lead, Long Island
Traction, Manhattan and New Albany
preferred, ! Per cent.
The inquiry was fair for moTtga ges,
and prices moved up until at the late
session. when heavy sales Of the specu-
IaIlVe issues gave weak tone TO the
closing. The main changes on the day
are: Advances-LouisvilIe * Nash
vile collateral trust 5. per cent; New
York, Chicago & ST. Louis Is, regis
tered, So: ST. Paul K Northern Pa
cific Is, 25s; Flint & Pere Marquette
IS. >: Des Moines & Fort Dodge, 213;
Central de5enture, l; ard ST. Paul, NJ.
d NJ, Montana extension 412s, !: r.
& D. equipment IS, IL; Chesap eake &
Ohio. r. & A first consols, Houston
4 Texas Central firsts. St. Louis South
ern seconds. Tennessee Coal firsts.
Tennessee division, and Union Pa
cific collateral trust IS, per cent. De
clines-Utah Southern general. per
cent; Burlington debentures and G, G,
G q I. generals, ~; Reading third in
comes. IL. and Reading seconds, and
Ohio Southern Is, ! per cent The ag-
gregate sales were s., 672. 600.
TOTAL SALES OF STOCKS
today were 2s9.2SS shares. Including
Sugar, $500; Tobacco, 1900: BurIing-
ton, 1890; Chicago Gas. 66.zOO; Dis
tslers', 1890; General Electric. 4-l0O:
Kansas & Texas preferred. $500: L. &
\, 3,l60: n. Y. & n. E, 800: Reading.