St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-25
FINANCIAL.
New NOR TX.

NEW YORK, Jan. 24.-This has been a
rather dull day on the stock exchange,
only 10000 shares of stock being traded
in. At the opening speculation was
firm in tone, and during the first three
quarters Of an hour the tendency was
in the main upward. Southern pre-
ferred and Baltimore & Ohio leading.
Then came a slight reaction followed
by a quick recovery,s after which the
market became Stagnant until about
1870, when heavy sales of Lead by hold
ers of long stock. acquired for specula-
tive purposes. caused sharp break in
these shares. The bears also put out
some short lines in the stock, on ru-
NOR that dividends on the common were
to be suspended. Sugar and Northern
Pacific were forced down fraction,
the general list finally receding under
pressure. After midday slight i'm
proyement was made, in which Lead
did not participate. but the higher
figures were not maintained for very
ong, and rea elton set in which
Tennessee Coal, Leather preferred,
Sugar and Southern p referred were
most prominent. Not till about de-
livery hour was the downward move
ment checked, but thereafter prices
continued to appreciate to the close.
and then the final dealings were strong
in tone, except in Iowa Central pre-
ferred and Cordage common, the latter
touching 5, which is the lowest price
ever made for that stock. Compared
with the last sales Of yesterday, today's
closing prices are fairly we'll divided
between gains and losses, but there is
slight preponderance in the column of
advances, although the appreciation is
merely fractional, except in Baltimore
& Ohio, which is l per cent higher.
The graDgers, which were most
active of the railway section of
the market, notably st. Paul,
show advances of 8@%. including
Rock Island. which is unchanged.
Southern preferred is up "a and Lake
Shore q. and Canada Pacific, Northern
Pacific preferred and Tobacco pre-
ferred u per cent. In the list of de-
clines are Lead. 81; Lead preferred,
~; Laclede Gas and Leather preferred,
l; Iowa Central preferred, 2; Tobacco.
a; Cotton Oil and Denver 4 Rio Grande
preferred. "a; Consolidated Gas. %, and
Sugar, St. Paul & Omaha, Cordage com.
mon and Tennessee Coal, q per cent.
Chicago Gas fluctuated within range of
"A per cent and closed unchanged on
the day. There was no decisive
lone to the speculation in the bond
market during the morning, but in the
subsequent trading the reactionary ten
dency became quite pronounced, and
the closing was heavy. The sales for
the day were Sl,275,000. The more
prominent declines are: Cordage firsts.
i; Union Pacific and Denver & Gulf
firsts, 254: Northern Pacific IS. 2A:
General Electric debentuIe IS, q;
Oregon Short Line collateral trust 5s.
~; New York Central frsts, registered.
*, and Equitable Gas of Chicago firsts,
Long Dock IS. l; Oregon Improvement
firsts and Scloto Valley q New England
As, l. sz5
Advances Mutual Union sinking
fund 6s. per cent; New Jersey Central
first convertible of 1902, ~: st. Paul,
Minneapolis & Manitoba, ~; Burlipg-
ton sinking fund IS and Central GeOr-
gia 5s. IL. and Erie fourth extended.
Michigan Central IS of 1881 and Read>
ing 4s, l. Reading trust receipts As were
dealt in for the first time today, and
brought 63@6315.
The Total Sales of Stocks Today
were 120,250 shares, including: Ameri.
can Sugar, 1900; Burlington. $500;