St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-28
tr44 -
FINANCIAL.
Kew YarL-

NEW York;, March .2L=-There was a
liquidating of long accounts on the
stock exchange today, and some sell
ing for the short account with the re-
suit that q lower range of values was
established on the days transactions,
ranging from Il TO per cent At the
opening the market was moderately
active, and as a rule the first prices
made were below the closing prices of
yesterday, exceptions being Delaware
& Lackawanna, which was up Il per
cent, and the New England and Sus-
quehanna & Western preferred,
which was n higher. A sharp SELL
ing movement set in under the in
f1uence of which the coal shares broke
312 per cent; Delaware. Lackawanna,
"a; Reading, 15s. and Delaware & Hud-
son, which had advanced ] per cent,
~. The pressure on these stocks was
due to a report that there was some
hitch in the negotiations between the
local carrying companies, and tomor-
row would be fruitless of result The
general market fell off 1s6D1 per cent
the latter Hooking Valley and Pitts
burg, G. c. & St Louis preferred
The lower figures brought buyers into
the market and those purchased in
fused temporary strength into the
speculation, and recovery ranging
up to 1bs per cent took place, the lat
ter in Reading. while DistilIing trust
and Canadian Pacific rose each 1 per
cent. Prices were fairly we'll held up
to one o'clock, and during the hour
following the market was irregular
on narrow fluctuations. In the last
hour. however, an active selling move
ment was in progress, and under the
leadership of General Electric, Bay
State Gas, New Jersey Central, Della
ware & Hudson, Wheeling & Lake
Erie preferred, Oregon Improvement
and Reading, a reaction of 1aQ1% per
cent took place, the market closing
weak at or near the lowest figures of
| the day. Compared with the final
quotations of yesterday, today's most
| important losses are:
| New Jersey Central. per cent; Bay
| State Gas and Wheeling & Lake Erie
| preferred, 12s; National Lead IL;
| Southern preferred, rs; Delaware &
| Hudson, Missouri Pacific and lifts
! burg G. c. G st. Louis preferred and
| Oregon Improvement, l; Reading and
| Louisville & Nashville, Is, and the
| grangers, M@% per cent Some few
! shares recorded fractional advances
on the day and Canadian Pacific made
| Il gain of per cent. The chief cause
| Of today's depression in the general
| list was the unfavorable rumors re-
| garding the conference Of the coal
carrying roads.
THE TOTAL SALES OF STOCKS
today were 242,699 shares, including
! American sugar. 1900; Atchson, 1900
| burlington. 400; Del Hudson. 5000
| Distiiling and Cattle Feeding cert, 8. 300
!. General Electric, 400: L. G. NJ, $500
n. J. Central. 3a.So6: n. Y. & N. e
I'd asst paid, $500; n. Y. & N. e
/! Reading, 9I.60o: Rock Island, 1900; st
Paul, 1900; Southern railroad, 1880
| Wheeling &: Lake Erie. $500.
There Was less activity In the bond
! speculation today, and lower quota.
items were registered For the sccecnie.
/ tive issues. The Reading securities
were nose active. aud the uoTcc.sn'
therein was Irregular. Tbs aggr.gst,
sales of these bonds were s4aG, go OF
of q total FOR the day Of 31,5i /, GEO
Quite = few ot tho inactive meTtgs go.
made substantial gains. including
Louisville & Nashville frsts, Nash
vile, Florida G. Sheffield firsts. 4 Del
cent: do 81. Louis division seconds, 1
Peoria. Decatur 8 Evansville seconds
.; Oregon Nayiga ton collateral trus
IS, IL; New York. Now Hampshire 6
Hartford 4s, 9eocntarc certificates. IN
and Onion Elevated ars.s. Improve
ment consci 80. ST. Louis. Va,ldal.s
& T'erre Hacte seconds guaranteed
and Virginia Midland generals, 1.
Notwithstanding hrst incomes ant
Northern Pacific and Montana firets. !
per cent: New Jersey Contra. 1rsts
| corvertibles Of 1902, sold at'l1a against
12l on Jan. ~.