The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-05-15
STOCK LIST LOWER
WIDE GAP IN VALUATIONS BE.
TWEEN THE THURSDAY AND
FRIDAY CLOsINGS
MARKET UNDER PRESSURE.
BEAR FACTION FOLLOWED ONE
AFTER ANOTHER DURING THE
ENTIRE SESSION.
GOULD SHARES WE'RE EXCEPTIONS.
The Other Railway Stocks Sold Off
Sharply With the Changers In
the Lead.
MARKET UNDER PRESSURE.
GOULD SHARES WE'RE EXCEPTIONS.

NEW YORK, May 14.-The market was
under steady and unremitting pressure all
day today, from one source or another, and
the result is a wide gap in the total valua-
tion of securities, compared with the close
yesterday, which 1t would require many
millions Of dollars to bridge. During the
earlier hours of trading the bears harped in
dustriously on the developments in the Cuban
question and the governments proposed atti-
tude towards it. The Washington advices
were held to foreshadow aggressive action by
the government, such as would be likely to
embroil the country with Spain When later
advices from the capital indicated the milder
character of the measures contemplated and
that they would probably be confined to the
dispatch of relief to distressed American citi-
zens in the island, the bears turned to the
announcements of an additional shipment OF
81, ESQ. 900 in gold bars by tomorrow's steamer.
This makes the total for the steamer 81, ESQ, 900
whereas the selling of stocks earlier in the
week was based upon an estimate that ship
ments would aggregate 100000, or even
SIC, 0OO, 600. 1t is significant also that these
shipments were made on cabled orders from
Europe. indicating the special character OF
the demand for gold. The volume of pur-
chases of securities for foreign account, dur
ing the week, has undoubtedly affected the
exchange situation. The decrease for the
week in the value Of dry goods imported at
New York of 81, 043,2O5 is equally significant.
The market was weak, however under vague
apprehensions that there would come late
news of farther heavy shipments and the
bears made this an instrument for keeping up
the depression
Before any notable rally could occur, news
was received that the presidents of the an
thracite coal companies had received sum-
mons from the attorney generals office at
Albany to answer to charges of conspiracy
under the new antitrust laws. Marked heavi-
ness developed as a result in all of the coal
ers and sympathy in the entire list, especially
in the industrials, which might be pro,
ceeded against on the same charge brought
against the coal companies. New Jersey Cen
tral fell to the lowest price of the year under
this selling. The extreme decline was PA to
75A. The fail in other coalers ranged from
7s to ~. Sugar continued heavy and de-
clined rs. The railway list generally sold off
a large section, the grangers leading, but re-
covered portion of the loss before the
close. Rubber preferred lost ~ The Could
shares were notable exceptions to the weak
ness of the market, Manhattan especially
showing a rise at one time of Us, with SUBJ
sequent reaction of *. The gains in the
others were confined to fractions. Through
out the balance of the list losses were gen
eral. The closing was steady, the slight re-
coveries being we'll held.
Trading was in small volume in the rail-
way and miscellaneous bond market, with
frmness generally APPARENT in the speculative
issues. Some acute weak spots developed in
the inactive liens. Northern Pacific Terminal,
which has been under pressure througout the
week, lost per cent. The aggregate sales
were $7360O0.f The features of the govern
ment bond speculation and the purchase of a
block of ,eG0 of the new coupon fours at
slight advance. The general market also dis
played NARROWING tendency. The sales were
The total sales of stocks today were 100 900
shares in Guiding the following: Sugar. 3D.
100; Burlington. II, 100; Chicago Gas, 10, 800,
Manhattan, 1900; Northern Pacific pfd $500;
Reading, 1000; st. Paul, 1880; New Jersey
Central, 1896.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: 80.