St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-19
No FEAR For COLD
TIME TOO NEAR FOR PRODUCE
BILLS TO COME INTO
SIGHT.
STOCKS VERY IRREGULAR.
HEAVY SELLING BY SHORTS IN
THE EARLY MORNING
HOURS.
BENEDICT BUYS LITERALLY.
Report TEat the Leather Trust
Capital viii BE Increased
$S,oo0,o0G.
STOCKS VERY IRREGULAR.
BENEDICT BUYS LITERALLY.

NEW YORK. July 1S.-The volume Of
business in the stock exchange today
was light and the share market was If
regular. AS of late, the industrials
occupied the chief attention, the grang-
ers alone of the railway group appear
ing prominently in the transactions.
Americans were neglected in the Lon-
don market and the stagnation abroad
was reflected in the light trading here
for the arbitrage account. Chicago
Gas led in activity. The selling in the
morning was hsavy and was mainly
for the short account, while the buy
ing was. il is claimed, chiefly by the
Benedict party. Leather preferred
made the heaviest break of the list,
the weakness being due to the semi
official announcement Of an intended
increase in the capital stock Of $780,
900. TO be equally divided between the
common and preferred shares. Favor
able crop reports induced the short
interest in the grangers TO cover and
there We're d few-Western purchasing
orders on the board which helped 10
strengthen these shares. Little atten-
ton was paid to the gold export ques-
ton, the general feeling seeming to be
that there can be no serious drain on
the gold in view of the near approach
OF the time when produce bills will ap-
pear in sufficient quantities to afford
a basis for all the sterling exchange
needed.
At the opening trading was mod
era1eIy active, but no special changes
took place beyond gain Of "a per
renewed their aggressive tacuc5
against the industrials, breaking
Leather pfd and Illinois Steel per
cant and Chicago Gas 155. The re-
fore Il o'clock. Leather pfd rally1nS
Ia and Chicago Gas l, while Bay State
Gas rose 80 to Pip. The railway list,
under the lead Of the grangers, made
advances of 1sG11s per cent, the latter
in NorthT est About midday Leather
was again pressed for sale, the COM
mon Teceding rs and the preferred ~
per cent. There was a general SYN
pathetic decline of a fraction, and Con-
solidated Gas fell off per cent. a gen
eral rise in values took place around
delivery hour, which was most marked
in the industrials. Chicago Gas appre-
ciated -: Leather pfd, H., and ILL.,
nois Steel per cent In the latter
dealings Sugar was offered freely ana
yielded IL Der cent; Chicago Gas re-
ceding 2%s; Leather pfd, !, and others
OF the group fraction The railway
group, except the granSerS, reacted
slightly in the final trading and the
market closed heavy, the more i'm
pOTUant changes on the Gay being: De
clines-Leather pfd, "a; Sugar, 11s'
Tennessee Coal and MINNEAPOLIS & 81
Louis second pfd, rs. and Consolidated
Gas. Denver & Rio Grande, Illinois
Steel and Minnesota Iron l per cent.
Advances-Ray State Gas, 3l2 per cent?
Iowa Central pfd, >; Cotton Oil, IL, and
Evans vile & TeTrs Haute l per cent.
Bonds were irregular, with sales OF
S11T7G09 The net results show a ma
jority OF advances, the more pToml-
nent of which are: Fulton Elevated So,
81; Oregon Shore Line consol IS and
Chicago < Eastern Illinois consols, 2
Louisville & Nashville IS and St Pau,
Consols Sinking fund IS, ~; Sciotc
Valley and New England As. IA. and
&, H, .. & trenton IS, Lake Shore
Ysts, Pacific OF Missouri IS. Pittsburs,
E., c. & St. Louis 41es, Erie DDS. St
P. NJ. & N. consOls and Montana Cen
tral 6s. per cent. Declines: Penn
sylvania rs, registered. %; Susque-
hanna & Western refunding Is, ~, and
Keokuk e Des MOines lists and North
ern Pacific consol IS trust receipts, J
per cent.