St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-01
FINANCIAL.
New York.

Speculation WAS unusually active IOf
Saturday, and with the exception Of
brief period around IL O'clock. when
realizing sales caused a fractional reac-
ton. the tendency of the market was in
the directionof higher prices, the mar
ket closing Strong at all advance on the
final figures of yesterday, ranging from
a to IS III the active list, ard extending
to per cent in the, Sp.cialtes. There
was the customary covering of shorts
o. er Sunday. and the purchases were
supplemented by very good buying for
the London account in St. Paul, Atchi-
son and Louisville & Nashville. This
foreign buying WAS large factor i'll the
strength of the market. not SO much by
the greatiiess of its volume rs that 1t
cSchrWed the bull movement in
stuck exchange. The fact that
tho market had been largely
ovcrsold WAS recognized by the short
interest, and as the morning waned
they grew anxious and in the late deal
lngS rushed 10 cover. Reports of mider
weather in the West strengthened the
trading i'll the grangers. the buying in
which was also increased by the all
notiiicement that the extent of damage
to crops had been overestimated. st.
Paul led the dealings and made the
greater advance in these shares, namely
q. a Chicago rumor that a compromise
had be made with tie Hyde Park Gas
company by which it had agreed not 10
extend its main into that city, had tie
effect of advancing the stock. g, but
little credence being placed III the story
a reaction or took place. followed in
closing dealings by recovery of -.
The principal advances of lie day are:
COrdage preferred, 3; do common, 81
Duluth, South Shore IL Atlantic, 23S;
Iowa Central preferred and New York.
Chicago IL st. Louis first preferred. =;
Denver IL Rio Grande preferred. q:
LouisvIlle& Nashville, u, and Ameri-
CAN Tobacco preferred and Great North
ern preferred, I: louisville, New
Albany preferred. broke Ih015S, but
rallied 4. Sugar lost 5a OH sales of
long stock.
TIE advances on the week over per
cent are as follows: st. Paul q Duluth
prefcrred.7; Consolidated Gas and Lead
preferred, zach :.3s; American Co,ton Oil
preferred, 4 American Cotton OIL CON-
mon, 2: Union Pacific aud American
Tobacco, each AZ: American Tobacco
preferred, 81; st. Paul. Louisville
u Nashville. and Central Pacific,
each 2$l: Duluth. South Shore d
Atlantic preferred, 25s: Iowa Central
preferred and Oregon Improvement,
each 2H; Northern Pacific preferred,
23s.
Declines-Flint and Pere Marquette
preferred, 10.
The bond market was strong all day
and advances have been recorded of 81
In Minneapolis u ST. Louis seconds;
Peoria, Decatur u Evansville, Evans
vile division firsts, 3; Kansas Pacific
consolS, Southern Pacific of Arizona
firstS. ST. Paul frstS, /. u Nj. division.
~; do Northern Pacific IS. l.; Mis-
souri,. Kansas IL Texas seconds. IL;
Peoria IL Eastern incomes. Louisville
IL New Albany IS and dn consols,
each per cent. The bend market dur
ing the last week has been character.
lied by remarkable activity, the trans
actions aggregating nearly Sl3, 100000, a
record which has not been equaled in
any SIX days within the past twelve
months. The tendency has been strong
i'll tone and most of the issues dealt in
have recorded higher prices, the more
Important advances being "a per cent in
TeXaf Pacific trstS; st. Louis South
western firSts, Peoria, Decatur Il Evans
willie, Evansville division tirsiS, Peoria
u Pekin Union seconds, East Tennessee
consol 5s, Louisville, New Albany IS
and Missouri Kansas-TeXas seconds,
each per cent; Western Union :ebent-
ure Is Of rs. registered. 81; Northern
Pacific seconds, registered; Utah
Southern generals, Kansas Pacific con-
suiS and Milwaukee, Lake Shore IL
Western convertlbles, each 4 per cent;
do seconds, AZ; Atlantic u Pacific
As. As; st. Louis IL San Francisco
consol As, 6S, 15: Seattle Lake Shore
IL Eastern firStS. 121s, and Spokane &
Pacific firsts, II.
Observation-Disclosures Lake Shore &
Western. Iowa division tirsts, 5, and
Little Rock IL Memphis, 81.
The Evening Post says: A distinctly
more cheerful tone prevails in the trade
reports published today, and the more
favorable view of the mercantile situa-
ton seems to be no longer limited to
statements of "better feeling" Of for
merly improved inquiry. The volume
of trade transactions all the reports
agree have increased this week. Vol
umeS OF clearing house exchanges still
make a most unfavorable comparison
with 1893, but it must be remembered
that the presentrange of prices-a range
in many commodities, including wheat,
ID per cent or more below the level of a
year ago-makes these comparisons in
many respects misleading.
The Total Sales Of Stocks
today were 1O7,21s shares, including;
American Tobacco. $500; Atchson,
4.200; American Sugar. 1900; Burling.
ton, $500; Chicago Gas, $500; Chesa.
peake Il Ohio, $500; Disabling, $500;
Louisville IL Nashville. 3.4Oo; Missouri
Pacific, s. 100; National Cordage, $500;
Omaha, 5000; Reading, $500; st. Paul.
1880; Union Pacific, $500; Wabash
preferred, $500.
StocMs-Closing.