St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-10
FINANCIAL.
New York.

NEW YORK, Feb. 0.-There was re.
aclion from the severe depression OIL
yesterday OH the stock exchange today
At the opening prices were generally q
fraction higher, but the improved tone
ton, and before the end of the first
quarter of all hour the market had be-
come dull and lost all its tone.
The annual report of the Northwest
railroad was made public about this
time, showing a deficit Of $1.656,99s
year 1893. This led to selling move
ment on the break. which was quickly
communicated to the rest Of the active
list and prices continued to decline to
the close, the final sales being at or
near the lowest figures of the day.
Northwest led in the transactions.
opening &c higher. advancing Is, then
breaking IL and closing IL below
yesterdays last price. ST. Paul
f1uctuated within a range of
a per cent. closing at decline of 4.
Rock Island lost a and Burlington
Oh the day. Sugar made net loss of
e. The trading interest of the list was
light. Declines were established in
Tobacco. preferred. ~; do common, q;
st. Paul q Omaha and Iowa Central
preferred, u; Pacific Mail. Lake Shore.
Laclede Gas preferred. and Edison
Electric of New York, l; New England,
81, and Cotton Oh, % per cent. Pitts
burg, G. G. & st. l.. dropped 23 per,
cent ON a sale OF 100 shares On. the
week the stock market has been dull,
the sales aggregating only III, 500
shares. The tendency in the main was
downward; prices beginning to stag the
very first day of the week, the deprcs-
sion being largely due to the delay in
announcing the government bond issue.
Other factors in the heaviness of specu-
Iation were the defeat OF the Union Pa.
cifc funding bill in the house of repre-
sentatives and the unfavorable stSte-
nents Of earnings of Western roads.
London was a seller OF all the
international securities, notably Uuion
Pacific, which broke 2 per cent. with
subsequent recovery of ~. DiStilllng
was notable exception to the general
market at the opening, being strong at
an advance of % on reports that Presi-
dent Greenhut would be deposed from
the receivership of the company, and
making further rise on the accom-
plishment of the prophecy. The defeat
OF the Springer bill in the house assist
ed to depress prices slightly, but the
street had largely discounted the re-
suit. Late Friday afternoon the market
received q setback, general diSappont-
ment being felt that the government
loan should be only S65.000.O00. and also
by reason OF the fact that the govern
,f,f p0Ir fl,n dc OF n
price less than 3Sl per cent, when 80
per cent was the highest figure when
had been spoken Of during the negotia-
tions. The Cordage shares continued
their downward career and sales were
made at the lowest figures ever touched.
The principal changes of the week are:
Declines-COrdage guaranteed. 33s;
do preferred, 2: l.ackaWanna, 35s; st.
Paul Il Omaha. 81; Chicago Gas. North
west and Norfolk q Western, 24; and
Lead and SuSquehanna & Western pre-
ferred, ..
Advances Pittsburg, c., c. & St. L.
preferred, 2s; st. Paul & Omaha pre-
ferred, National Starch first preferred
and Alton & Terre Haute, 2.
The bond market was quiet today, the
sales aggregating only S34S,000. Some
of the unusually Inactive bonds ruled
lower. The main declines ON the day
are: U. S. Leather Is, Toledo, ST.
Louis & Kansas City first trust receipts
and Union Pacific, Denver & Gulf
firsts, 2 per cent.
The market during the week was
tions footing UP 81, 149.500 Generally
the tendency of prices was downward.
The more important losses were:
Omaha and st. Louis t1rsts, 10 per cent;
Norfolk & Western, New River division
frsts,7: Kansas Pacific conSol Is, S. and
Scioto Valley. ~; Evansville & Terre
YER vlauss Cuff S firsfs, 81 Erie Second con con-
soils. Ohio Southern As and Mich
igan Central is, 8; Northwest sink
ing fund debentule IS regis
tered OF 1883, ~; Union Pacific gold
skies and International & Great North
ern seconds, 2l9; do firsts. Baltimore &
Ohio IS, East Tennessee division IS,
Cedar Falls & Minnesota firsts,- Louis
vile & Nashville IS, Toledo, st. Louis
& Kansas City first trust receipts, Ore
gon Short Line consol IS. st. Paul, Min
neapolis & Manitoba eonsol 6s, Toledo,
Ann Arbor first trust receipts. Wabash
tirsts, Detroit q Chicago extension and
United States Leather IS. 2.
AdYanceS-W lScOnSln central hrStS
and New York & Putnam frsts, %;
Northwest Extension Is and Louisville
& Nashville Pensacola division) 5s,
214. and Albany & Susquehanna consol
Is, Colorado Coal IS and Denver & Rio
Grande As, 2.
The Total Sales of Stocks
today were 64.2s6 shares. including:
American Sugar, 1900; Burlington,
1900; Chicago Gas, 8, 100; General Elec-
trio, 1.S0O; l.. q N. $500; Northwest.