St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-08
FINANCIAL.
New Work.


New YORK, Jan. Ga week which
opened with depression has closed
with bouyancy to which the stock eX-
change has been long stranger. From
the opening of business this morning to
the close. the speculation has been
characterized by strength and activity,
and except in few unimpOrtant in
stances prices have moved steadily up
ward, the market closing strong at or
near the best figures of the day, the
advance on last nights closing sal3s
ranging from 4 to 5 per cent. The
factors in the appreciation in values
were better market for American
securities in London, buying III this
market for the foreign account and the
covering of short contracts. In the early
dealings Sugar was weak On the failure
of yesterdays Democratic caucus to
take definite action on the sugar sched
ule. but insiders began to buy Oh the
evidence that was offered by the dis
cusSion in the cause that a change
would be made in the tariff on sugar in
the Wilson bill and for the better, and
there was heavy run on the shares of
the company. with the result of estao-
fishing an advance of 33s per cent in
the common and per cent in the pre-
ferred. The granger stocks were in
good deu.and Oh reports that the period
of decreasing earnings was passing
away, and that better showing would
henceforth be made. St. Paul was
most actively traded in, recording an
advance of 2 per cent. the preferred l,
Rock Island ~. Burlington Il Quincy
"a, Northwestern q, st. Paul &
Omaha u, and do preferred rs,
A boom was manufactured for Chicago
Gas aprOpos of the payment OF the l.
per cent dividend by the circulation OF
a statement that complete report was
about to be issued by the company. Civ
ing a full explanation of its affairs,
which it is claimed will place the COM
pany in favorable light to the invest
ors. There was good buying i'll the
shares, and an advance of 33S per cent
was recorded. the last being the best
price of the day. The other industrial
but were we'll held. General Electric
sold up rs per cent on the economic
move of the company in consolidating
its business in Schenectady, with the
promised result of making 4 saving in
expense account OF half a million dol
lars yearly. A reaction of q and
rally OF 4 occurred in the late
dealings Of the day. In the general
list the Improvement at the close i'll the
leading shares was: Delaware, Lack
awanna IL Western, 5; Louisville, New
Albany, AZ; Pullman, 4: Consolidated
Gas, 81; Louisville q Nashville, 215;
l.. Z. 4 w. preferred, 2; Pacific Mail,
~; Susquehanna & Western preferred,
Canada Southern aud Lead preferred,
pa Missouri Pacific, illinois Central,
Manhattan and Iowa Central preferred,
IL; Western Union, rs; Lake Shore,
rs, and Southern Pacific, Northern Pa
cific preferred and c.. c., c. & St.Louis,
per cent. st. Paul, Minneapolis u
Manitoba sold at 100, against los the
previous sale. United States Express
declined 2, aud Minneapolis q st. Louis
! per cent.
The result of the speculation for the
week is a generally higher range OF
values, the improvement being practi-
cally all made in the latter dealings, the
chief advances being so in Della
ware, Lackawanna & Western, 80
Della. 81 Hudson, 3 New Jersey Central,
13s Reading, Susquehanna q
Western preferred, III do. common;
Rock Island, 215; st. Paul common and
preferred, 2; Northwest, ~; Burlington
q Quincy, /; st. Paul and Omaha.
~; Chicago Gas, 80; Consolidated
Gas, 24; Lead preferred, 5; COM
mon, ~; Distilling, IA; Gen
eral Electric, II; Tobacco. 81; Tobac-
CO preferred. 8: Cotton Oil preferred.
SO; Western Union, 33s; Evansville Il