St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-09
FINANCIAL.
New York.

NEW YORK. Aug. S.-Speculation on
the stock exchange today was marked
by increased activity. and the move
ment of prices resulted in the estab-
lishment of higher range of sales in
almost every stock traded in, the only
notable exception in the active list be-
ing Sugar and the inactive shares, Ohio
Southern. These two stocks were
affected by special causes. Sugar was
Influenced by the view which the Ie
spective operators took of the failure of
Yesterdays caucus of Democratic men,
beers of the house to take any action re
gardlng the tariff bill. One section of
the speculative community regard.
ed this saS meaning that the
sugar schedule would have to be
changed, and sold the shares
of the trust. Another party took
il to indicate that disagreement was
assured, and bought on a continuance of
the Mckinley tariff. The sellers were,
however. more numerous than the
buyers, for there was very general
feeling of disappointment among the
sugar operators that the caucus did not
instruct the Democratic cOnfereeS to
agree, or at least suggest compromise
on the senate amendments. A good
deal of stock was offered for sale at the
opening, which put the prices down
rs 10 1869, but the shares were readily
absorbed, causing a fractional rally.
This caused a renewal of the selling,
and figures took another downward
turn, touching 1045s, the low point
O'clock, and shortly thereafter Sugar
was bought freely, rallying to 1861,
with final reaction of "a. maxine q
decline on the day of 18 per cent. the
preferred losing q. Of the grangers,
Burlington & Quincy entered most
largely into the trading. 1t was at
tackled at the opening on reports that
the government crop report would
| show corn to be in bad way and was
| sold down II per cent to 70. The stock
was we'll supported ut the lower figures,
and. becoming somewhat scarcer in the
loan market, the shorts thought best to
cover. Their purchases caused brisk
advance of ~ per cent, from which
| there was only a reaction of Il at the
| close. st. Paul opened Il lower, mainly
on small selling for the London account.
| During the rest of the day the market
steadily deprecated, closing at the best
| figures touched and "A above yester.
days final sale; the preferred gal ned
| %. Rock Island reacted Is in the early
| dealings, recovered the loss before mid :
day and made a further gain OF 81 in
the afternoon, closing a below the
highest recorded, an advance of Is, Oh
small transactions. =.
Chicago Gas fell off Il in the morning
but OH inside buying rose l per cent
reacting e at the close; There wa;
unusually good buying In Richmond
Terminal, which. however. gained only
Il. Louisville 4 Nashville continues
in good demand on reports of incr easet
earnings. The stock touched so today
held the full advance OF 1ss to the close
The lead pipe stocks on reports of i'm
proved business prospects made gain!
of e on common and 125 on preferred
Western Union was also in good de
mand, making net improvement of Is
The offering for sale of a block o
Ohio Southern sent the stock down t
IL, against %, the last previous sal,
more than a year ago. The share
rallied to lie In the latter dealings. 10
bacco advanced 11sc; Consolidated Ga
and United States Leather preferred
1l:Cotton Oil. Cotton Oil preferred
2Lc, and Central Pacific and Kansas
Texas, each per cent. The other ad
vances were fractional. III exception t
the general advance, Distilling lost &c
Pullman and Pacific Mail, nc. and Sus
quehanna & Western, &c. The marke
closed strong.
The bond market was strong all day
the leading changes being:
Advances = East Tennessee consol
, IS, 2; Illinois Central is of 1852. Ne'
: Jersey Central general 5s, and Peoris
) Decatur g. Evansville firsts, i1E: do SET
onds, 1; Erie Sd mortgage, Mobile
} ohio Is and st. Louis Southwestern
. seconds, ~.
The Total Sales OF Stocks
today were 190,S53 shares. including
American Tobacco, 1000: America
! Sugar, 63, 100; Burlington, $500; Oh