St. Paul daily globe., 1895-11-16
PREPARED FOR 1T.
STOCKS HELD FAIRLY FIRM IN
THE FACE OF SOME GOLD
SHIPMENTS.
IMDUSTRIALS TAKE A DROP.
MANHATTAN STILL A GOOD MARK
FOR BEAR OPERA
TORS.
FOREIGNERS BUY LITERALLY.
Improvement In the European Sit
uatiOn Stimulates Orders
From Abroad.

NEW YORK, Nov. 15.-The stock
market today was unfavorably affect
ed by a variety of influences, none OF
which was unexpected, and whose ell
feet might therefore have been regard
ed as discounted. The exception was
a revival of sales of our securities for
foreign account. This last develop
ment had not been generally figured
upon, as the street hoped for support
in this market from abroad, owing to
the alleged more favorable turn in the
foreign financial situation. The en-
gagements of gold for export by to-
morrow's S steamer could not be consid-
cred in the light of q. surprise, as all
indications recently have pointed to
resumption of the outward movement.
1t has also been believed that severe
treatment of the Reading junior Sc
curit.es in the impending reorganiza-
ton is B. foregone conclusion. Bear ar
guments against Sugar were based
upon expected reductions in the prices
of foreign and domestic grades owing
to the arrival of the normal dull sea-
son in the industry. Rumors of fur
ther cutting in sole leather prices were
brought to bear against Leather
stocks. Reiterat.on of the unfavorable
features of the Manhattan railway re-
ports were also improved against the
stock of that company. The elimina
ton of part of the short inter-
est in Tobacco appeared to deprive
it of the most substantial element Oh
support.
The market opened quiet and at
slight declines but a moderate rally
soon ensued, which for time proved
superior to the announcement of the
including the house usually mosn con-
spicuous in gold movements. The eff
feet of the news, however, was noted
in decreased volume of trading.
and there in the list, resulting in
lower range of prices generally. To-
bacco was the chief sufferer, yielding
per cent to 81. Other conspicuously
weak stocks were Leather preferred,
Manhattan, Cotton Oil, Tennessee Coal
and Reading Intervals of compara-
tive steadtness occurred in the after
speculation, but In q broad way
yielding tendency was discernible. The
fipal prices show fractlonally net de-
clineS in most cases.
There was but slight animation in
the trading in railway and miscellan-
eous bonds, the dealings aggregatnig
only S919,000, the smallest total of trans
actions recorded for a long time past.
Reading income bonds yielded sharply
on revival of reports of heroic treat
ment of those securities in the forth
coming plan Subsequently a partial
recovery occurred. The general mar
ket ruled firm as regards the speculat-
i've issues, although in some of the
usually inactive bonds, sharp concesl
sions were noted the more important
of which are st. Paul, Minneapolis &
Manitoba firsts, ~; Montana Central
5s, per cent; Pennsylvania 41as, 2 per
cent; Rochester & Pittsburg consols
and Reading third incomes, 11a; do
| firsts and Wabash debentures, series
B, IA; and Louisville & Nashville uni
fed As, New Jersey Southern, IS and
Northwest debenture 5s, 1 per cent:
Advances-Oregon Short Line 6s and
Central Pacific 6s of 1896, 11a per cent;
do 1S97s and Wheeling & Lake Erie
firsts, IA, and Denver & Rio Grande
firsts, Detroit, NJ. & NJ. land grants and
Northern Pacific Terminal firsts, per
cent. 7
Total sales of stocks today were 1884,
2S2 shares, including American Sugar,
q, 400; American Tobacco, 29,7CO; Atch-
ison, 9,7C0; Burlington, 1850; Chicago
Gas, 10,500; Distillers, $500; L. & N,
400; Manhattan, 1900; Missouri Pa
cific, 4,7O3; Pacific Mail, $500; Reading,
q, ,300 Rock Island, $500; st. Paul, $500;
Tennessee Coal & Iron, $500; United
States Leather preferred, $500.
The following table shows the fuc-
tuations of the leading railway and
Industrial stocks veSterdaV