St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-28
FINANCIAL.
New York.

NEW YORK, April 27.-The specu-
lative interest on the stock exchange
Was largely centered in Sugar. with the
granger stocks and Chicago Gas sharing
to lesser degree in the activity OF the
market. Outside of these shares, with
perhaps the single exception of Distill-
ing. which made small show in the
trading, the trading was exceptionally
dull. Sugar touched lO3, the highest
point reached in many months. which
was All advance of 3 per cent on yester-
days price. The OLD story of increased
protection for the refining interests was
the motive of the rise. and the buying
was very heavy, being presumably for
the same people who have been bulling
the stock for the past few days. Some
OF the traders who had buugh stock
below par began to- realize profits
at the high figure. bring about reac-
ton of per cent, of which
a was recovered in the final dealings,
leaving an advance of 14c In the day.
Sugar preferred opened rs higher. but
subsequently lost all but Is of the al
vance. The air was full Of rumOrs re-
gardlng Chicago, Burlington & Quincy,
all OF which were nnfavorable. 1t was
claimed that the report of earnings to
be made tomorrow would show heavy
decrease, and that the next dividend
would undoubtedly he scaled down.
The stock broke per cent during the
morning on brisk selling by professional
bears, and lost an additional "a in the
early afternoon, recovering q, but re-
acting ss In the final trading, making a
net decline of IL. st. Paul was sold by
London at the opening and the selling
movement was given increased force
by the local traders, but the stock only
gave way q in all and recovered d Of
this. Rock Island was also attacked.
reeeding and raliying n: Northwest
fell off q and recovered d, the pre-
ferred declining 15s. Chicago Gas took
an upward turn during the first hour,
advancing a on buying by traders with
orders from Chicago advancing IL.
The higher figures brought out by
strong selling causing reaction of /
per cent. with a final rally of Is. The
general market moved very cautiously
during the day, very few stocks fluctu-
ating outside of a fractional limit.
No special weakness was devel-
oped. but the tons of the specu-
latlOn at the close was rather heavy.
COrdage preferred gained the per cent
it lost yesterday. Alton & Terre
Haute, the last of sales before today
being at 26, sold up to IS and reacted to
~ "h oNsoASV Va = pei CCub Ou
the day.
In the bond market a firm tone pre-
vailed during the morning and early
afternoon, but In the late trading
slightly heavy feeling was apparent,
and the close was a shade weak. The
changes in prices on moment were:
Declines-HOuston Il Texas Central
cousols 6s, 2; Wisconsin Central IN
comes and Mexican International firsts
each Il: Louisville & Nashville. Unified
Gold As. Is: Detroit, NJ. & NJ. land
grants and Peoria. ID. & E. seconds each
| per cent, Advances-Illinois Central
331as. 80; Louisville & Nashville Pen
sacola division IS, 2; Kansas Pacific
Us of '96. ~; Ohio Southern As and
Oregon Short Line collateral trust SIS
each 1. Duluth & Manitoba firsts sold
at 20 against rs on April II; the same,
Dakota division firsts sold at 70 against
the last sale at 80; Erie collateral trust
6s. sold at 1861 against Ito on Jan. 4.
The Total Sales of Stocks
to-day were $4,000 shares, including:
American Sugar, S4,700; Burlington,
q, 400; Chicago Gas, 1880; Distilling
and Cattle Feeding, 1900; General Elec-
trio, $500; Missouri Pacific, 700: North
west. 5000. st. Paul, Is, 600; Western
Union, 1900.