St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-14
FINANCIAL.
New York.

NEW YORK, May 12.-The stock mar
ket was dull even for Saturday, the
only animation displayed being i'll Chi
cago Gas. Most of the list opened at an
advance on Yesterdays quotations, the
Improvement, however. being only u
small fraction. The early dealings were
strong in tone, and under good buying,
said to be for inside interests. Chicago
Gas sold up 1ss per cent, and the rest of
the list 7s@I. the latter Sugar and Hi
nois Central. Shortly before IL o'clock
a. drive was made against Sugar. which
broke that stock II. The active
list receded traction in sympathy,
and Toledo, Ann Arbor l per cent,
but the depression was of brief
duration, and the speculation which
recovered lis tone the earlier being very
generally recovered, and some of the
inactive shares scoring material all
vances. The market continued firm to
the close. except for=Sugar. which closed
within a of the lowest point touched,
but still Il above yesterdays final sales.
Chicago Gas showed an advance of /
O., G., Z. IL st. Louis preferred. TX:
Consolidated Gas, 1: st. Paul d. Omaha,
e. and the grangers, 4919 per cent
There were few exceptions to the I'M
provement, all of which were in the
smaller fractions, except Toledo, Ann
ArGOr. which shows decline of !, and
Cotton Oil preferred, which is down 81
per cent.
Compared with the closing prices of
Saturday last the closing figures today
show considerable irrrgularity, the
more important changes being as fol-
lows:
Declines-St. Paul & Duluth pre-.
ferred, Z: Oregon Navigation, 81; Man
haitian and Erie preferred, each 81;
Evansville & Terre Haute, "a: General
Electric. 2ss. and Louisville Il Nash
vile. IA per cent.
Observation-Disclosures Conduit, 40; e.,
c., G. & st. Louis preferred, tx; Amer
lean Cable, Chicago Gas ana Mobile &
OHIO, each 21s, and Morris Il Essex. 2
per cent.
The bond market was strong in tone
on fairly active business. Mobile IL
ONO AS recorded an advance of "; st.
Louis & San Francisco seconds, Glass
B, 15sS; st. Louis q San Francisco Sec
onds, Glass l, and Colorado Midland
as. II.
Declines - Louisville & Nashville,
New Orleans d Nj. seconds, 2; OHIO
Southern firsts, II. aud Knoxville d
Ohio tirslS, per cent. The more I'M
portant changes on the week are:
Advances-Toledo, Ann Arbor Grand
Trunk firsts. 6; do Minneapolis Is, 4;
Des Moines & Fort Dodge 21aS. 81 !;
Galveston, Harrisburg d Cincinnati
firsts. and st. Paul Il. & D. IS, each 8
per cent.
Declnes-Northern Pacific & Mon
tana firsts, So; Atchison. Colorado &
Pacific firsts, 4; Tennessee Coal and
Iron. Tennessee division, frs,s, AZ;
Oregon Short Line consol 5s, 81 B. d,
O., Southwestern division. income
tirsts. series B.. and Central Pacific
and grant IS, each 3per cent.
The Evening Post says: Many finan-
ciai critics are imputing to the gold eX-
port movement profound mystery. In
reality there was never simpler VI
more logical phenomenon. The simple
fact is that the mass of foreign CAPT
and profitable employment in this coull-
try. is, in a measure, flowing home
again, because of our present trade
stagnation. Not only are European
stale loans to the amount of fully $780,
000.0G0 coming upon the market, but
European trade. by all accounts, is fur
ther advanced in its movement of re-
cuperation than our own. In the face
of such an export movement our money
rates have. within fortnight. gone
actually lower than before. This is the
whole mystery" of the sterling market.
The Total Sales OF Stocks
today we're 10000 shares, including:
1.s00; Chicago Gas, 1895; Distilling
and Cattle Feeding, 1900; General Flee
tric, 4,710; Rock Island, LOO; st. Paul,
g. 100,