St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-31
CITY MORTGAGES
Negotiated on Improved Real
Estate, at Lowest Rates.
E. w. PEET & SON.
Manhattan Building.
FINANCIAL.
New York.

New YORK, March 30.-During the
first hour of business the trading was
very light. The market sagged off at
once OH selling by the bears. Before
noon it was developed that London
was again in the market as buyer, and
that offerings of stocks were readily
acceptet. BY degrees the pressure to
sell was removed, and in the afternoon
the early sellers became buyers, result
ing in all advance which continued until
the close, the final sales being made
closing sales yesterday. The upward
movement i'll heavy purchases is said TO
be for the account of new bull pool Or
ganized by insiders. Reports were also
current that the attorney general of
Illinois had reached conclusion against
the Chicago Gas, inStltuting quo war
ranto proceedings. Cotton Oil, common
and preferred, rose LOO per cent re-
spectively, Oh favorable trade pros
poets. Lead preferred gained IL, and
the common q Gil buying for bull
pool.
Sugar, which receded q in the early
dealings. became strong in the after
noon on covering of short sales made
yesterday, and advanced rs. closing
within sc of highest point touched; do
preferred advanced Is; Louisville IL
Nashville made gain of 136, mainly on
London buying. The grangerS recorded
all improvement of Sol per cent, the
| latter st. Paul, in which the foreign
buving was heaviest. Burlington IL
| Quincy opened Is higher, and then, on
Boston selling, broke =, rallying dur
| ing the afternoon Oh strong buying,
touching S25a, an advance of a from
| the low point of the morning, Of which
T InSt of no al Or "A
| Omaha advanced l per cent Oh pur-
chaseS based on reports to the effect
that the net earnings for the current
| year up to date show gains on the same
| period last year. Atchison opened Il
higher. and then declined p on Boston
selling. London bought moderately of
| the shares, and room traders followed
suit, causing recovery OF u. Among
the other leading advances on the days
transactions were rs in Consolidated
Gas and Lake Erie and Western Union
and Union Pacific; l in Oregon In
provement, c., c.. Z. u st. L., American
| Tobacco and Lake Erie d Western pre-.
ferred. National Cordage, on sale of
200 shares, broke pa per cent. On sales
| of 5000 shares, to llQuldate an old &C.
count, Chesapeake d Ohio, which had
advanced "a at the opening, sold down
IA, but when these selling orders were
out of the way the stock recovered "A,
closing even on the day. The bond
market was steady in the morning and
strong in the afternoon. the principal
changes on the day were:
AdvanceS-EaSI Tennessee IS, 81;
Minneapolis IL st. Louis Pacific extern
sion 1Sts). 25l; do equipment 5S, Ia
do DDS, l; Iron Mountain, Cairo, Arkali-
sas d Texas division lists, Louisville &
Nashville consols and Wabash deben-
lures, series B. each 3; Milwaukee.
Lake Shore & Western michigan diyis-
ion 1StS), each u; Atlantic d Pacific
As, Texas lists and Northern Pacific 2ds,
each II; do lists, Texas Pacific Eds,
Oregon Navigation trust IS, Oregon
Short Line consol IS, Louisville, New
Albany IS. do consOls and d. d. r. q.
IS, each l.
Declines-Union Pacific, Denver &
Gulf lists, rs; Toledo. Peoria & West.
ern lists and Northwest sinking fund 5s,
each l.: Minneapolis d st. Louis. Iowa
extension lists, sold at ITO against lis on
Jan. 2; Northern Pacific Eds registered
sold at IS against 81 on Feb. 1.
In its review of the market, the
Evening Post says: The aspect of the
days market was clearly one of reviv-
ing confidence. So far as the veto
message is concerned. one question of
troublesome misgiving was settled by
today's news that the free coinage men
repudiated any compromise measure on
the lines laid down by MIR. Cleveland.
This fact was not illogically assumed to
set at rest doubts as to positive currency
imitation. Apparently it was taken so
in London. But today's foreign trans
actions served to demonstrate another
point; that the foreigners more favor
able attitude towards our market is due
DO more to the actual developments of
our political situation than to genu-
inc improvement III European finances.
The Total Sales of Stocks
today were 2ls,2Go shares, including: