St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-13
FINANCIAL.
New York.

New YORK, june H. There was
little or nothing OF interest i'll the share
speculation today, and, although the
closing prices in most cases show an
advance compared with yesterday. there
was nothing Of buoyancy in.the market.
and the trading was, as rule, irregu-
lar and unsettled. The activity was
confined to three stocks-Sugar. st.
Paul, Burlington Il Quincy-and Chicago
Gas, which had some prominence in
the dealings. was the only other stock
lin which the transactions exceeded 5000
shares.
sales of block of stock bought before
the recent advance, Oh which profits
i were taken. When this was-out of the
way good buying movement was inau-
gurated by brokers Of the Sugar clique,
land as prices moved upward the shorts
/ began to cover. swelling the volume OF
B the purchases and causing steady adj
I vance. The early decline was "a, and a
gain of 25s was made. There was a
good deal Ut stock bought in to close out
short accounts III view of the closing of
the. books for the dividend, tomorrow.
In late dealings the stock reacted ID,
leaving net gain of rs per cent.
Sugar preferred advanced l per cent.
st. Paul was bought by London
and the room traders during the morn
losing Is. The speculation in the stock
was strengthened by a report that the
company had sold its bonds at figures
near the current quotations on the ex-
change. Burlington & Quincy opened
at an advance of Il, and then. OH selling
orders, believed to be mainly for the
Boston account, broke ! 1s. closing at a
recovery Of a. The raid on. Burlington
was made in the hope of bringing out
some long stock, but did not meet with
any measure OF success. Chicago Gas
tluctuated between 7611s and III, closing
within e Of the top price, an advance
Of q Oh the day.
In the late dealings the market was
dull and steady to firul. anu some few
shares showing signs of weakness, and
firm, advances being established of q
in Canadian Pacific, 156 in Northwest
and in Pullman. The shares which
declined more than a fraction were Cot
ton preferred. ~; Rubber, "a, aud
Denver & Rio Grande preferred. 1.
The railway and miscellaneous bond
market was strong to firm all day for
the leading issues. Some shares. now
ever, recorded losses. The principal
changes of the day are:
Advances-St. Louis & San Francisco
seconds, class A, N; st. Louis d San
Francisco seconds. class Il and G, each
"; Chicago & Eastern Illinois consols.
Colorado Coal and Iron IS and Hooking
Valley IS, each l.
Declines-Union Pacific sinking fund
IS and Missouri. Kansas & Eastern
firsts, each 81; Northern Pacific sec
ouds, 11s; Northern Pacific Montana
frsts, 2; Louisville. New Albany con-
soils. Pacific of Missouri seconds and st.
Paul E. NJ. firsts, each per cent; Ore
gon Short Line Is rose 2 aud later re-
acted ~: Cleveland & Canton frsts
sold at ~. against Is OH May 16.
The Evening Post: Some brokers who
sold stocks yesterday On whatever ''ar-
gument" they could extract from the
situation. bought back their stocks to-
day. thereby restoring the majority Of
quotations to yesterdays level. The
ostensible cause for these repurchases
was the reported coal strike settlement.
TO prove how unresponsive market
prices have been to these and other re-
, cent Developments. it is only necessary
to turn back months record in the
stock market. Today's level stands al
most exactly where 1t was Oh the 18th Of
may.
The Total Sales of Stocks
today were 153.917 shares, including:
American Sugar. 73,20O; Burlington,
10000; Chicago Gas. $500: Distilling,
4,20O; General Electric, 4,2OO; Missouri
! Pacific. 1880; St. Paul, 14,7OO; Western
Union, 4, 400.