St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-01
DIRECTORS.
FINANCIAL.
New York.

NEW YORK June 30.-The feeling in Wall
street today was decidedly more hopeful
owing in great part 10 the liberal purchases
by London and the consequent forcing ora
portion of the short interest to cover. while
the near approach of the liberation OF vast
amount of funds of which q great portion
must find its way into speculative chanheIs
was not without its influence. The N, arket
again displayed considerable animation ana
there was an absence of bad news which en-
couraged some new buying, and the easier
condition of foreign exchange gave promise
that after all no further shipment OF gold
would be made this week. The market was
still narrow. but the disposition to buy
in anticipation of q turn IN the
course Of the market was decidedly
more pronounced among the professionals
and the stocks which are held largely abroad
felt the stimulus to a greater extent than
usual of late; and the Western stocks, as
usual, led the market both III activity ana
strength
The movement was steadier than during
any of the late rallies, aud while no marked
spurtS were seen during the day, the aggre-
gate at the close of the day was seen to be
very material all of the leading shares at the
best figures showing gains of over per cent
The industrals and coalers were inclined 10
be sluggish i'll the beginning, but Chicago
Gas and afterwards Sugar felt the stimulus.
while the coal stocks, with the exception OF
Reading were dull though exhibit
ing strong tone. The opening
DISPLAYED marked cnange III seutl-
ment since yesterday, first prices being all
fractionally higher than last evenings finals.
and though Northern Pacific preferred and
Chicago Gas were inclined 10 droop the rest
made steady and material progress in the up
ward direction. The better state of affairs in
London was primarily the cause of this
change in the temper Of the market, but the
announcement that i'll some directions the
new crop has already begun to move was not
without its influence.
Stocks with an international market were
specially strong. and Louisville Nashville
and st. Paul were specially prominent in the
upward movement. Close behind these,
however. the specialties which have been
uuduly depressed of late, such as Jersey
Central, Chicago Gas and Tennessee Coal fol
lowed. The rest of the list saw no setback
whatever, and material gains were scored
even among the inactive stocks. The market
finally closed quiet but strong at the top fig
ures The changes are ali advances, and,
while most stocks are up large fractions,
jersey Central rose pa: Chicago Gas, 2l2;
Louisville. 23s: Tennessee Coal. 2ls; Union
Pacific rs: Missouri Pacific 1S4; Sugar, st.
Paul and Northern Pacific preferred, 15s;
Atchison c., c., C. d St. L., Northwestern
and Southern Pacific, 1l2; Burlington and
Richmond d West Point He, and Cordage,
New England and Pacific Mail, per cent.
Railroad bonds did not share i'll the activity
in stocks but they did feel the stimulation of
the new demand and the tone of the deal
ings was firm throughout the entire day. The
Atchison incomes made sharp advance, but
no other movement of importance was seen
during the day. The sales amounted to $685.,
600. with no special animation in the list at
anv point.