St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-15
FINANCIAL.
New York.

New YORK, Jan. 13.-The story of to-
| days operations of the stock exchange
can be told briefly. The speculation
was devoid of animation and the volume
| of business extremely light. even for a
| Saturday. The improvement in the
| London market for securities, more ell
couraging reports of trade prospects
and the placing of the tariff ard income
tax clauses of the ways and means COM
mittee bill into separate measures had
the effect of giving strong tone to the
opening dealings, causing an advance
of 77s@119 per cent. New York, Chicago
& st. Louis first preferred, which fell
Off 2 per cent yesterday, led the upward
movement. Small realizing sales quickly
changed the temper of speculation. the
active list receding sol per cent, the
latter Burlington u Quincy. TX
in Manhattan, Minneapolis d st.
Louis and Consolidated Gas, and
8 per cent in Rubber. The weak
ness continued until about fifteen min
utes before noon, when reports of a
very strong bank statement, coupled
with desire on the part Of the short
interest to cover, resulted IN strong
buying movement, which ran the prices
<
cline being recovered, and, in some in
stances, figures going above the best
prices of the morning. The market
closed strong, and, compared with the
final sales of yesterday, HOB per
cent higher. the latter in New York,
Chicago IL st. Louis, 2 in American
Tobacco preferred, II in Sugar pre-
ferred, and l in Sugar common. Rub
Der recovered l per cent, making the
loss on the day 9 per cent. Manhattan
rallied l 4 in the late dealings; Consoli-
dated Gas and Manhattan each show a
decline of u per cent. Burlington IL
Quincy, against which a special drive
was made, loses only 4 per¢ from
yesterdays closing.
On the weeks transactions the
changes are less violent than of late,
and especially evenly balanced, with
perhaps slight prepcnderance on the
bear side. The principal declines are
Colorado Fuel and Iron preferred, 10;
Delaware, Lackawanna 81 Western, AZ:
g., G., e. IL st. L., 81; c., G.. G. & S. L.
preferred. SusqGehanna IL Western pre-
ferred and Northern Pacific preferred.
3; Louisville Now Albany preferred,
2I; Canada Southern. 81; Rubber and
Quincy. *; st. Paul, IL, and Western
Union, ~; Horn Silver and Phoenix
Mining each lost 10 cents, and Texas
Land 219 per cent. The leading adj
vances are: Pittsburg. c.. c., G. & st. l..
preferred, 4; American cable, So;
Northwestern preferred, 8: st. Paul
& Omaha preferred, New York, Chi
cago & ST. Louis second preferred. ST.
Paul IL Duluth preferred, Baltimore 81
Ohio and Tobacco preferred. each 2; do
common and Sugar, ~, and General
Electric, ~. The railway and miscel-
laneOus bond market was firm in the
early dealings, subsequently becoming
heavy in sympathy with the share spec
ulation. but rallied and was firm at the
close. Tennessee Coal and Iron. Ten
nessee division firsts, and st. Paul. Min
neapolis & Manitoba firsts show an
advance of 9; Erie seconds consols. ~.
st. Paul, Wisconsin e Minnesota fiyes
and Kansas & Texas seconds, l per
cent. Iron Mountain seconds declined
215, Western Union collateral trust
fives and Louisville q Nashville gem
eral skies, II; Erie consols gold ssyens.
Missouri Pacific thirds and Wabash
seconds, per cent. Northern Pacific
seconds registered sold at Is against 81
on Dec. IL; Peoria & Pekin Union |
ones sold at 113 against 1O71$ on Oct.
20; Union Pacific collateral trust skies |
sold at 20 against rs on Dec. 90.
The principal changes of the week |
are:
Declines - Louisville, Evansville &