St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-27

| Indicate the continuance ofstlie steady:
confidence iii an improved market
which has been growing of late. The
increase in the bank reserves I'M
proves the monetary situation, and
the bulls We're decidedly zin athe
ascendancc to-day. Tbe monetary stu
alton aud the bulls and bears were de-
cidedly in the ascendant to-day. The
London market has for several days
past showed renewed interest in
American securities, and this morning
london prices came higher, accompanied
by liberal buying orders ina all the Lon
don fayorites, which had the effect of
opening this market materially higher.
The foreigners were specially promi-
nent in the st. Panls, Erie and some
Others, and those stocks Were tile lead
aers of the market all the way through.
There were, undoubtedly, heavy realiza-
tions at the high figures ofihe opening.
meEing by the professional bears, who
sold stocks whenever they APP
peared sluggish. The; drive had
the effect of sagglng prices
off for a few minutes, be-
ing an unusual demand so changed the
course of prices, and from that time, eX-
cept in few special stocks, there was
no weakness shown in the market. Chi
cage Gas was specially. heavy in the
early dealings. owing to the influence of
the new litigation but it recovered
later, though it failed to reach the open
ing prices. Lackawanna was after
ward the chief point of attack, and with
Chicago Gas it is one of the few shares
showinga net loss for the day. The
gTangerS were again very prominent in
the upward movement, and the st. Paul
stocks in particular, and the dealingsin
them reached high figures. There is
talk of resumption of dividends upon
the company give little encouragement
to the idea, The upward movement con.
tinued till the close, with slight reac-
tons from time to time. but the close
was active and strong at about the best
prices reached. With the few excep-
tons the entire active list is higher to-
night, and st. Paul preferred rose *;
the common II; Wabash, 1as; the pre-
ferred. IA; Erie, &, and Big Four and
Lake Shore each per cent. Railroad
bonds kept pace with the share list in
both its activity and strength, and
business Of 81, 102, 900, with some ma
tcrial advances in the list, shows the
prevailing temper of the speculation in
its true light. The Texas Pacific in
comes with S145.O0O and the Atchison
incomes with Sl1S.000 were the active
issues. Among the principal changes
for the DAY were Cedar Falls & Minne-
apolisi firsts, which rose ~ to 761as.
The sales, for the week reached the
large total of S11 10000. against SS.219,-
have been'duli and steady, State bonds
have been dull and featureless. The
exports of specie from the port of New
York last week amounted to S271. 040, of
which S202.5S7 was IN gold and 1858. 453
silver. The imports of specie for the
week. amounted to s53,640, of which
SlO.525 was in gold and s4S,115 silver.
The Post says: 1.-The market this
morning was active. and higher and the
best prices of the day we're made in the
last half hour after the appearance of
the bank statement at 1l:40, showing an
increase of S2.O0s,775 in the surplus re-
serve. The gain was principally in
legal tenders. which reflected the
movement of currency from the West
and South. Loans were contracted
s4.207, 800. and deposits were s3,605.500.
The large advances on the coal stocks
were due principally to covering of
short contracts rather than any heavy
puyluS lOl IiO lung L Scii-"
dition of the coal trade.while somewhat
improved, is net materially different
from month ago. The large earnings
reported by roads i'm all portions of the
country have had considerable influence
in the upward movement of prices. and
the agreement on silver bill materially
assisted the advance in prices. The
total sales of stocks to-day were 2S5.47
shares, including Atchison, 1885, Can
ada Southern. 1880; Delaware, :Lacka-
wanna Il Western, IA, 100; Erie. $3.50;
Lake Shore, $500; Louisville & Nash
Northwestern, 1850; Reading, $3.50:
Richmond d West Points. 1858; st. Paul,
24,46D; Texas Pacific, $500: Union Pa
cifie, 1880; Western Union, 2,610; Wa
bash Pacific, 3,4OO. =. -. -,.,-.,....---