St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-20
FINANCIAL.
New York,

NEW YORK, April 19.-The course of
speculation in the share market today
WAS decidedly erratic, rallies and re
actions succeeding each other in rapid
order; but owing to the prevailing dull
ness, quotations were as rule kept
within narrow limits. Most of the busi-
ness, especially during the morning,
was done in the induStrialS, while st.
Paul led the railway list iii the trans
actions. Strength was impaired to the
market at the opening by the receipt of
buying orders from London, in which
We're included st. Paul. Louisville &
Nashville. Union Pacific and Northern
Pacific preferred. The first prices
made we're generally trifie higher
tran yesterdays closing figures. Chi
cagO Gas being an exception, opening
a lower, but quickly selling up 11s
per cent. The general market advanced
fraction Oil moderate buying,
and then sagged off as soon as
the purchasing orders had been
tlled-Deiaware & Hudson breaking
~, c. e. q. Il st. Louis l &. and the
other shares traded in 1sQI, the latter
New York Central was depressed by
rumors of trunk line war of rates.
and of reduction Of wages in some of
the roads in the system. Both of these
reports were denied, and in the later
dealings the stock recovered all but Is
of the decline. Sugar, which had risen
81 in the early trading, fell off q ON
small bear raid. The lower figures at
effect that refined sugar will receive
| more protection is given in the existing
bill was received with the result that
an advance of IL per cent was made.
of which ] per cent was lost in the
later dealings, the closing being at
g per cent advance on the day.
Shortly after II O'clock the general list
receded SOL per cent, New Jersey
Central leading the decline, which was,
however. checked before noon, and
sharp upward turn occurred. in which
Edison Electric was most prominent,
! scoring a gain of IL. Chicago Gas,
which had lost q of the early advance.
rose rs, and Sugar per cent. During
the early part of the afternoon the in
/ dustrials were quite strong. Cordage
common advancing ~. Tobacco ~,
| and the rest OF the group fraction,
| except Cordage preferred, which IAade
some rapid and big turns, selling off "a
| to 49, to next sales being at AZ and 4S
respectively, then following break to
43 again, with a final rally to as. making
| a nCl IbSS VI 10. Idllteu anu
| then lost per cent, Chicago Gas reach
ing q and Cordage "a. Inc railway list
was we'll held, and during the last hour
improved gradually, closing fairly firm
but very irregular compared with yes
terday's figures. The grangers are
mostly fractional but advances are
established of u in Tobacco and Edison
Electric, and IA i'll Cordage common,
and declines of per cent in New Jpr-
sey Central, Delaware. Lackawana &
! Western. and Louisville Il New AL
bany. Westenhonse sold at ~, against
4015 the last sale. The bond market
was weak during the greatest part Of
the day. but closed firm, the main
changes being declines. Colorado Mid
As. u; Hooking Valley IS and Kanawa-
ha and Michigan trsts each ~ Della
ware & Hudson, Louisville d New
Albany conso!S and Southern Pacific
| California IS l each.
ACvanceS-ChicagO, st. Louis 81 New
Orleans, Memphis division, firsts. each
2: Peoples Gas and Coke Compano of
junction firStS and East Tennessee di-
visionals IS, each X; ST. Louis & San
Francisco consol As, Chesapeake 4 Ohio
railroad divisions seconds and Iron
Mountain. Cairo, Arkansas d Texas
! firsts, each per cent. Keokuk Il DeS
Moines firsts sold at 80. against 95 on
March l. Georgia Central collateral
gold 5s sold at 50, against So on April 9;
Peoria. Decatur u Evansville firsts sold
at 49, against 81 4 on April 9; do Evans
vile division irsts sold at s.. against II
on March 81. The engagement for gold
for Saturdays steamer already amounts
to 50, 100000. 1t is likely that these Zig.
ures will be increased,Eas one OF the
leading export houses expects to in
crease the amount of shipments. Blair
4 Co. announce that subscriptions have
been received for the entire $4,000. 900
of Cleveland, Lorraine & Wheeling coll
soidated first mortgage per cent gold
bonds, a large portion of which were
taken by Baltimore and Philadelphia.
The Evening Post says: The rise in
Paris exchange on LondOn3 and the
Simultaneous fall of nc in our own rate
for demand sterling shows pretty clearly
! how far the placing of this weeks &c.
0CO,U00 French loan was a factor In the