St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-12
FINANCIAL.
New York.

NEW DIRK, July 1l.-ThiS was an ac-
tive day on the stock exchange, and al
though there were periods OF depress-
ION, taken as whole the market was i'll
good tone ana very general advance
III prices was the result of the days
transactions. Occasional bear raids
were made on certain stocks. notably
Chicago Gas, but Sugar and st. Paul
were also attacked in force, without,
however. sending the price of either be.
low the opening. News from the vari-
Gus strike centers, at NO time very dis
couraging, became improved in tenor as
the day advanced. and speculative oper-
atoms are for the present mainly gov
erned by the labor situation, the trading
gained in strength with the reported
improvement in the railway camp.
The failure OF the general strike or
dered by Grand Master Workman Soy
ereign was large factor in the stock
market, and was TO some extent regards
ed as the beginning of the end of the
railroad strike. Sugar. which furnished
more than third of the total sales, was
strong at the opening. and i'll such good
demand as to cause the shorts TO cover
with CELEBRITY that sent the stock speed
ing upward at rapid gait, all advance
of per cent having been recorded be-
fore noon. AT the higher figures there
were some realizatioHs. and reaction
OF per cent took place in the after
noon, but Oh new purchas e;. some OF
which were made on Washington orders,
a.hIgher level. 9915, was reached, being
gain OF 11s, tie closing sale being
~ anil lx.alo
best of the day and 2T above the clos
ing price of yesterday. Orders to sell
Chicago Gas were on the board at the
opening, which sent the price down %
to 721s; the selling being by Limid
holders who feared the consequences of
a general strike in Chicago. There
were good supporting orders at the de-
cline, and befUre midday gain of TX
was effected, follow ed by reaction or
4 and an advance OF IL, bringing the
shares up 10 rs, with Hnal reaction of
Is. the advance on yesterdays closing
price being 2. ST. Paul lost q at the
opening, but quickly rallied, and OIL
brisk purchasing movement, i'll which
London was prominent, sold up to ia
with final reaction OF Is. Burling-
ton after an opening decline of Is, rose
~, subsequently recediug Is, Rock Is
land fell on 4 at the opening. sold up
~ and reacted Is; Northwest made a
gam or ~, closing al the highest. The
Improvement in the grangerS. While be-
ing assisted by the better feeling which
prevailed generally, was largely due to
the excellent showing of the corn crop
in the government report made pubic
last evening. The general market was
strong as rule during the afternoon,
the best figures of the day being current
just before O'Clock, after which
realizations caused some recessions,
the final dealings, the specuia-
ton being decidedly firm at the close,
with prices mostly higher than the last
figures of yesterday. Pullman made the
greatest gain, 5 per cent, Oh purchases
OF 800 shares. The additional 500, OUO
Western Union stock listed on the eX-
change was issued for the purchase of
the American Rapid Telegraph com
pany, which had previously been oper-
ated 10y the Western Union OH lease,
but which was recently bought under
foreclosure.
The bond market was firm during the
morning, but was easier iii the after
noon, closing rather heavy The prin-
cipal changes OH the day are:
Declines - Louisville. ST. Louis d
Texas tirsts, 3; Northern Pacific Sec
onds, 2@s; Northern Pacific thirds, %:
Northern Pacific Montana firsts, / Wa.
bash seconds, 80; st. Paul, Nj. x NJ.
consols, IA; ST. Paul. NJ. d NJ. 5s, ~;
Chicago, 81. Louis &s N. o. IS and Fort
Worth IL Denver City tirsts. 2; South
ern Pacific of California coisol IS, l;
Oregon Navigation trust IS, 1.
Advances Wisconsin Central firsts,
~; Northwest sinking fund IS, IL; do
Us, Burlington. l0was, Green Bay, Wi
mona " st. p. incomes and 81. Joe 81
Grand Island tirsls, per cent.
The Total sales or Stocks
today were 155, $50 shares, including:
American Sugar. $1,000; Burlington,
IS,6O0; Chicago Gas, 3o,4U0; Dis:iiiers',
$3.50; Louisville 81 Nashville, $500;
Missouri Pacific, $500; Reading, 3,7OO:
Rock Island, $500; st. Paul, Is, 400;
Western Union, 1890.