St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-03
FINANCIAL.
New Y erik.

NEW YORK, Feb. 2.-SpecUlation on
the stock exchange today was gener.
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.
lary of the Treasury Curtis movements
in this city today, and the bond nego-
tations, caused 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 i'll the foreign buying
and was also purchased here, the NOV
ing influence being a 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 Il change in the man
agement. The market was some.
what irregular in the final trad-
ing and closed rather unset led,
most of the stocks dealt in
showing advances, notably Edison Elec-
trlc of New York, 3 per cent: Delaware,
Lacka wanna, 2: Consolidated Gas, ~:
Pacific Mail, e, and OTHER shares
smaller fraction. American Express
declined l per cent. Norfolk and West
ern "a, and Manhattan Is. Burlington
~ Northern is unchanged, and st. Paul
and Rock Island are g higher. Specu-
latloi during the early part of the
depressed owing to comb
nation OF adverse circumstances,
among which we're: The continued
heavy exports of gold. the improba-
,bllitHs of the passing Of the pooling
bill, the liquidation OF American secu-
fities5 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 on parity with the pre-
vlousbottom prices. During the last
half-of the week q more confident tone
marked the speculation. The cancella-
ton on Friday Of large orders to ship
gold on Saturday which was due to
in the rates of sterling eX-
change rendered gold exports unprofit-
able was feature in stimulating the
The main feature of the trad
ing during the week was General Elec-
trio. in which liquidation was plainly
Among the other securities
some heavy declines were made, rang.
ing up to per cent, ths latter in Metro
polltan Traction, but majority of the
depressed shares were higher in the
final dealings. Among the more i'm
portant changes on the week were:
Decllnes-BaltimOre % Ohio South
western preferred, So per cent; Nor
folk Il Western preferred, 3$9; Pitts
burg & Western preferred, 81, and
Long Island, 8.
Advances-Tobacco 8 per cent: Hook
ing Valley. 25s. and Pacific Mail. 81.
The sales aggregated 972. 600 shares.
The bond market today was some
what Irregular, but in The main firm.
with total sales of SAT- eco. Advances
were recorded in Oregon Short Line |
consois IS. 3 per cent: Morris & Essex |
conso, guaranteed, Is, ~ Laclede Gas |
5s, II, and Chesapeake d Ohio AIS, |
Kansas & Texas, of Texas, IS, Reading |
third incomes and Wabash seconds, 1.
Declines - Louisville. ST. Louis & !
Texas tirsts. 4 per cent: Louisville IL |
Nashville, n. d ID. frSts, 2; Norfolk d. |
Western, Clinch Valley division frsts |
sold at so against SO the last previous |!
sale, but 26 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 |
animation. Foreign houses
were conspicuous sellers, and there was
III III i,,o I'll
big slump III the prices of numerous
shares. The speculation was marked
by healthier tone in the later dealings.
but the recovery was only partial and
most of the mortgages traded in show
declines. The total sales were
So, 795. zoo, and the more notable de-
clines are Norfolk & Western. Clinch
Valley division firsts, 80 per cent; Chi
cago IL Northern Pacific frsts, 81,
Union Pacific gold 6s, Al; Savan-
nah & Western frsts, Duluth, South
Shore d Atlantic 5s, Kansas Pacific
consol is. Louisville d Evansville
and St. Louis frsts, and Wisconsin Cen
trail tirsts, 4, and Chicago u Erie in
comes, 3.
Advances = Housatonc So. 5% per
cent, land Michigan Central IS OF 1881,
4~per cent.
1Fhe Total Sales of Stocks
79,eS2 shares, including:
Sugafy 1O,700; Chicago Gas. 1920, Dis
Iilling, $500; General Electric, 1900;
n ational Lead, 2,7O0; Reading, 1900;
So #Paul, 5000; Southern Railroad,
1000; Southern preferred, $500; Union
Pacific, 1000; Western Union, 3, 100.
Closing stocks-West.
Atchisou..... 4Al North AmCo.. 3ss
4 aams. Express; IA UP. Denver & G. 5I2