St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-07
FINANCIAL.
New York.

New YORK, Jan. GA week which
olened with depression has closed
with a bouyancy to which the stock ex:
! change has been long a stranger. From
4! the opening of business this morning to
| the close. the speculation has been
characterized by strength and activity,
and except in a few unimpOrtant in
stances prices have moved steadily up
| ward. the market closing strong at OF
J near the best figures of the day, the
advance on last nights closing sales
ranging from Il to 5 per cent. The
! factors i'll the appreciation in values
were better market for American
securities in London, buying in 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 on the
evidence that was offered by the dis
cussion in the cause that 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 eStab-
fishing an advance of 33s per cent i'll
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 81 Quincy
FIX, Northwestern - St. Paul u
Omaha 4, and do preferred rs,
Ia boom was manufactured for Chicago
Gas apropos of the payment of the ~
per cent dividend by the circulation of
a statement that complete report was
about to be issued by the company. Civ
ing full explanation of It's affairs,
which it is claimed will place the COM
pany in favorable light to the invest
| Ors. There was good buying in the
| shares, and an advance of 355 per cent
was recorded. the last being the best
| price of the day. The other industrial
| stocks were not very largely traded in,
| but were we'll held. General Electric
| sold up rs per cent on the economic
| move of the company i'll consolidating
its business in Schenectady, with the
| promised result of making saving in
| expense account of half million dol
lars yearly. A reaction of ID and
rally of 4 occurred in the late
dealings of the day. In the general
| leading shares was: Delaware, Lack
awanna Il Western, s.; Louisville. New
Albany, ~; Pullman, 4; Consolidated
Gas, 81; Louisville q Nashville, 21155;
| l.. E. q w. preferred, 2; Pacific Mail,
| IL; SuSquehanna & Western preferred,
| Canada Southern and Lead preferred,
| ~; Missouri Pacific, Illinois Central,
| Manhattan and Iowa Central preferred,
u; Western Union, 135; Lake Shore,
| Is, and Southern Pacific, Northern Pa
citic preferred and c., c., G. & St.Louis.
j per cent. st. Paul, Minneapolis q
| Manitoba sold at 100, against los the
previous sale. United States Express
declined 2, and Minneapolis & 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 SM in Della
ware, Lackawanna & Western, go
Della. & Hudson, 8 New Jersey Central,
| 135 Reading, Susquehanna &
Western preferred, IA do. common;
Rock Island, 81; st. Paul common and
preferred, 2; Northwest, IA; Burlington
y Quincy, L; St. Paul and Omaha,
Gas, 2%; Lead preferred, 3: COM
mon, III; Distilllng, i2S; Gen
eral Electric, II; Tobacco. 81; Tobac-
co preferred, 3; Cotton Oil preferred.
81; Western Union. 33s; Evansville &
/ Terre Haute, Z; Iowa Central preferred
and Louisville. New Albany, SIS; Min
| neapolis 81 st. Louis preferred, 4; Min
neapolis q st. Louis common, 2; Pull
! man. 81; Lake Erie 81 Western
+ preferred, 3; Canada Southern. 2s4;
Wheeling and Lake Erie preferred. ~;
Pittsburg, c., G. q st. L., New York,
Chicago u st. Louis preferred and Col
orado Fuel & Iron, 2.
In the list of declines are Northwest
ern preferred AZ. Central Pacific 4, Chi
! eago 81 East Illinois preferred and st.
/ Paul Il Duluth 8. Rubber %, Rubber
! preferred ~. United States Express
2, and st. Paul, Minneapolis& Man 3
| per cent.
/ The bond market was active and
strong all day. the leading changes be-
I ing: AdvanceS-Oregon Short Line Is,
~: G. c. G. & st. L.. st. Louis divis-
ion IS, General Electric deb. 5s and
Union Pacific, Denver q Gulf firIs, 2
i each.
II; The To.a Sales OF Stocks
today were 10000 shares, including:
| Atchison. 40 10; American Sugar, q, loo;
Burlington & Quincy, 1908; Chicago
Gas, 1880; DistillIng and Cattle Feed
erS, 1900; General Electric, 1880;
Louisville IL Nashville, 10000; New
York & New England, 1900; st. Paul,
! $4,000; Western Union, $4,000.
StOcks-C osInE.