St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-02
C.ERNST & Co
Investment Bankers.
Dealers in FirSt.CIaSS
Bonds, Bank Stocks and
Commercial Papers.
Money to Loan in Large Amounts.
-OFFICEs-
Germania Bank Bldg, and Temple Court,
ST. Paul. Minneapolis
FINANCIAL.
New York.

SptCuidtion was unusually acGlVe Tor
Saturday, and with the exception of a
brief period around IL o'clock. when
realizing sales caused fractional reac-
ton, the tendency of the market was in
the direction of higher prices, the mar
ket closing Strong at all advance on the
final figures of yesterday, ranging from
a to e in the active lisl, and extending
to 3 per cent in the SpccialtieS. There
was the customary covering of shorts
over Sunday, and the purchases were
supplemented by very good buying for
the London account i'll st. Paul, Atchi-
son and Louisville & Nashville. This
foreign buying was large factor in the
strength of the market. not SO much by
the greatness of its volume as that 1t
eschewed the bull movement in
American securities Oh the London
stock exchange. The fact that
the market had been largely
oversold was recognized by the short
interest, and as the morning waned
they grew anxious and in the late deal
ings rushed to cover. Reports Of milder
weather in the West strengthened the
trading i'll the grangers. the buying i'm
which was also increased by the an
nouncement that the extent of damage
TO crops had been Overestimated. st.
Paul led the dealings and made the
greater advance in these shares, namely
%. A Chicago rumor that a compromise
had bet n made with the Hyde Park Gas
company by which it had agreed not to
extend its main into that city, had the
effect of advancing the stock q, but
little credence being placed in the story
reaction of Is took place. followed in
closing dealings by recovery of Is.
The principal advances of the day are:
COrdage preferred, 3; do common, ~;
Duluth, South Shore & Atlantic. 23s;
Iowa Central preferred and New York,
Chicago q St. Louis first preferred. 2;
Denver Il Rio Grande preferred. "a:
Louisville Il Nashville, ~, and Ameri-
can Tobacco preferred and Great North
ern preferred, /: Louisville, New
Albany preferred. broke 11s@lM, but
rallied a. Sugar lost q OH sales of
long Stock.
The advances on the week O, er per
cent are as follows: st. Paul Il Duluth
preferred.7; Consolidated Gas and Lead
preferred, each 39s; American Cotton Oil
preferred, ~; American Cotton Oh COM
mon, 2; Union Pacific and American
Tobacco, each As; American Tobacco
IL Nashville and Central Pacific.
each 22; Duluth. South Shore &
Atlantic preferred. 23s; Iowa Central
preferred and Oregon Improvement.
each 81; Northern Pacific preferred,
25s.
Declines-Flint and Pere Marquette
preferred, 10.
The bond market was strong all day
| and advances have been recorded of So
in Minneapolis & ST. Louis seconds;
Peoria, Decatur u Evansville, Evans
cOnSols, Southern Pacific of Arizona
firsts. st. Paul frsts. |. 81 Nj. division.
u, do Northern Pacific 6s. /; Mis-
souri,, Kansas d Texas seconds, "a:
Peoria IL Eastern incomes, Louisville
Il New Albany IS and do consols,
each per cent. The bend market dur
| ing the last week has been character
| lied by remarkable activity, the trans
actions aggregating nearly S13,000,O00 a
record which has not been eQualed in
| any SIX days within the past twelve
months. The tendency has been strong
! in tone and most of the issues dealt in
have recorded higher prices, the more
| important advances being 21s per cent in
| TeXaf Pacific firsts; st. Louis South
| western tirSts. Peoria, Decatur & Evans
| vile, Evansville division tirStS, Peoria
Il Pckin Union seconds, East Tennessee
consol 5s, Louisville, New Albany 5s
and Missouri Kansas Texas seconds,
each 3 per cent; Western Union Cebent-
ure Is of rs, registered. 81; Northern
Pacific seconds, registered: Utah
Southern generals, Kansas Pacific con-
soils and Milwaukee, Lake Shore Il
do seconds, AZ; Atlantic IL Pacific
As. As; st. Louis d San Francisco
consol IS, Us, Is: Seattle Lake Shore
d Eastern frss. 1875, and Spokane. &
Pacific firsts. II.
Observation-Disclosures, Lake Shore 81
| Western. Iowa division tirstS, ), and
Little Rock & Memphis. 81.
The Evening Post says: A distinctly
more cheerful tone prevails i'll the trade
reports published today, and the more
favorable view of the mercantile situa-
ton seems to be no longer limited to
statements of "better feeling" of for
merly improved inquiry. The volume
of trade transactions all the reports
agree have Increased this week. Vol
umeS of clearing house exchanges still
make Il most unfavorable comparison
with 1898, but it must be remembered
that the present range of prices-a range
in many commodities, including wheat.
10 per cent or more below the level of a
year ago-makeS these comparisons i'll
many respects misleading.
The Total Sales Of Stocks
today were 107,2lS shares. including
American Tobacco. $3.50; Atcliison,
400: American Sugar. 1900; Burlng-
ton. $500: Chicago Gas. $500: Cnesa-
peake d Ohio. $500; Disabling. $500;
Louisville IL Nashville, 3,400; Missouri
Pacific. 100: National Cordage, $500;
Omaha, 5000; Reading, $500; st. Paul.
1850; Union Pacific, $500; Wabash
| preferred, 1900.
| MICHAE DORAN JAMES DORIAN