St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-07
MICHAEL DoRAE. JAMES DoRAN
M. DORIAN & CO.,
Bankers and Brokers,
3ll JaGksonSi.. St. Paul, MINI.
FINANCIAL.
New York,

NEW YORK, Feb. 6.-Share specula-
ton on the stock exchange today was
in light volume. the aggregate of the
transactions being only about $4,000
shares. 1t was waiting market, which
seemed to hang back for news from
Washington touching the proposed
bond issue. Rumors were in circula-
ton purporiing to give reasons for the
delay in issuing the call for proposals
for the loans, and there was talk of an
alleged hitch in the negotiations with
the foreign bankers. But, despite this
street gossip, the general conviction is
that the government has made all its
arrangements for the placing of The
bonds. and that, when it is made certain
that congress will not afford immediate
relief to the national treasury public
announcement will be made of the
action taken by the administration.
A sustaining influence of the market
was improvement shown by American
securities OIL the London stock exchange
in the closing dealings. The foreign
buying here was also good, and to some
extent counteracted the depressing in
fluence Of realizing sales, which were
about the only factors of weakness, eX-
cept as TO few stocks in which local
causes were at work, such as Norfolk u
Western preferred, which. on the an
nouncemeDt Of the appointment of re-
ceivers for the company, fell off q per
cent, and Cordage guaranteed, which
declined % per cent to 16, the lowest
price ever touched, OH reports of I'M
favorable prospects of the company.
The general market was irregular DUR
ing the greater part of the day, but in
the main the tendency was upward, and,
considering the light demand for stocks.
the speculation was not unhealthy i'll
character. Most of the stocks dealt
in show gains on the day, notably
Consolidated Gas, "a; Tobacco, e:
Western Union. Louisville & Nash
Vile and Sugar, q; do preferred, L; st.
Paul, "a, and other shares 1s@1% per
cent. Exceptions were: Edison Elec-
trio of New York, which is down l per
cent: Rubber and Norfolk & Western,
q, and Distilling and Delaware & Lack
aWanna, a; Burlington. Rock Island,
General Electric and Manhattan are
unchanged from yesterday. Atchison
stood at AZ all day on dealings in 800
shares, although reports were current
here and Ill LONDON tnat the reorSan-
ization plan would be established to-
morrow, and that 1t calls for all assess
ment of $40 q share. A meeting of
the committee was held today, but
no action was taken. On report that
important changes in the directory will
be made at the coming elections, Hook
ing valley preferred rose l per cent to
81, closing at COZ. The market closed
fairly steady. There was a moderate
demand for railway mortgages today,
and higher prices were generally real
lied for all issues traded in. The ag-
gregate sales were S90S.000. The prin-
cipal advances are: Wisconsin Central
firsts, 215 per cent; Lehigh Valley Coal
fves, TX; Northern Pacific thirds and
do consol fives. ~; do trust receipts, l.;
Northwest Extension fives and Reading
firsts and Hooking Valley fiyes, Morris
q Essex sevens of 1900 and Lehigh VAL
ley tiyes registered l.
Deelines-Northwest debenture SIS Of
1909, N per cent, and New York Cen
trail debenture SIS registered l.
The Total Sales of Stocks
today were 1888 shares, including:
American Sugar, 3,400; Chicago Gas,
l4,3OO; Erie, $500; L. d N. O.4O0; Man-
haitian Con-, $500; Northwest, $500;