St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-21
MICHAEL DoRAN.
MICHAEL DoRAN. JAMES DORIAN
M. DORIAN & CO.,
Bankers and Brokers,
81 Jackson ST., St. Paul, MINI.
FINANCIAL.
New Work.

New York, Jan. 19.-The share specu-
latlon has been heavy in tone all day on
very light volume of business. The
heavinesss of the market was due to
realizing profits of the recent advance.
except in one or two instances, in which
special influences were at work all week.
A case in point was Union Pacific,
which was sold heavily OH the reported
intention TO foreclose the property and
On vague rumor that a so per cent
assessment on the stock was probable.
At the close Of business the Associated
Press dispatches announced the making
of an application at st. Louis for the
foreclosure of the first mortgage en- and
the appointment of separate receivers
for the main line. The stock broke IA
and closed at the lowest point touched.
Chicago Gas was weak on selling in
duced by the complications result
ing from the efforts to change the con-
troll of the companies. An early ad-
vance of d was made, which was quick
ly followed by decline of 1s5 to 1879,
with final rally of e, making the loss
On the day l per cent. Laclede Gas
preferred advanced per cent and re-
acted ~. The more material losses on
the day are: Pittsburg, c.. c. & st.
Louis preferred. 299; Lenigh and
Wilkesbarre Coal, /; Union Poetic.
IL; Minneapolis & st. Louis, Is; Del
aware & Hudson and Chicago Gas, 1;
General Electric, Baltimore 81 Ohio and
Tobacco. q; and Louisville & Nash
Vile and Rubber, 81.
The grangers opened lower, reacted
shade, made partial recovery, and in
final dealings fell off again, except Rock
Island, which stands unchanged Oh the
day. Burlington is down 4; Northwest.
&, and st. Paul Is, the latter being sold
by London. Sugar was but slightly
dealt in and moved within range of "a,
losing just that fraction on the days
transactions. The market closed dull
and heavy in tone.
During the week, while the trading
was very light, the market was i'll the
main strong, and in a majority of cases
an advance has been recorded on the
closing figures of Saturday last. The
aggregate of the sales is CSC, 300 shares,
Chicago Gas leading in point of activity.
The fluctuations in this stock have been
wide and frequent, the movement there
in being due to the endeavOr to GUST
the present management and the diff
cnlties placed in the way OF that prop
osition. The shares opened on Monday
at 7515 eX-dividend of ~ per cent, a
decline of Is, and subsequently broke
to 7O15. closing at 1874, recovery of
81 from the lowest, but 13s down on
the week Oh the sales of 10000
shares, an unusually large total. Sugar
was traded in to the extent of but
1903, 100 shares, which has frequently
been exceeded by the transactions of a
single day. The fluctuations were mar
row, the high price of the week being
S9$I, which is only 4 below the preyi-
GUS Saturday. Baltimore & Ohio was
prominent in the trading and advanced
2I, retaining all but e of the improve
ment.
The Vanderbilt shares were in re-
quest during the latter part of the week
and some substantial advances were re-
corded, including 2 per cent in Michi-
gan Central and 214 in Lake Shore.
Illinois Central was sold up So per cent,
retaining the entire advance The buy
ing of the stock was largely for the for
eign account, ard was induced by the
Improvement In the earnings, which
permitted the declaration of the full
quarterly dividend at the rate of per
| cent per annum.
The National Starch shares have been
| in demand, and the common sold up
IL to 611a and do first preferred per
cent to 40. while do second preferred
was bid up 5 per cent to 25 Pullman
Jumped 8 per cent to 157 on Thursday
on purchase of 100 shares. and closed
| u below the best. The specialties were
more active than usual, and a majority
of them recorded substantial advances.