St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-08


General Upward Movement in
Stocks.
NEW YORK, April An active busi-
ness was done on the stock exchange
during the two hours of trading today,
which was well distributed throughout
the list. There was some London sell
ing at the opening in ST. Paul. Louis
vile Il Nashville and Atchison, the
latter giving way only IS. but the Others
receding 13s. In the early dealings
speculation was weak, and fractional
decline look place. The depression was
brief, and prices soon took an upward
turn under tile lead of Chicago Gas,
which, after decline of So, sold up l55
on covering of shorts Distilling was
bought OH the advice of President
Greenhut. of the trust. who asserts that
the recent decision against the
trust is of little Importance. The
Improvement in the rest or the list was
merely fractional. Toward IL O'Clock the
upward tendency was checked by the
inaugural on OF selling movement IN
Chicago Gas. which was based on fears
would decide against the company i'll
the quo warranto proceedings. Before
the bottom was reached the stock had
de clined per cent with only rally of
4 at the close. The break i'll Chicago
Gas had the effect of weakening the en-
tire market, and the general tendency
WAS downward up TO IL O'Clock. Some
of the SpecialtleS meanwhile made ma
terial advances. but i'll the main the
market was heavy al the close, prices.
however. compared with the closing
figures of yesterday heing Irregular.
The changes, however. are very mar
row, the declines being within a frac-
ton, while IN only one case was there
an advance OF over fraction, the eX-
ception being Susquehanna u Western
preferred, which showed gain of q.
Chicago Gas down IS, and the grangers
b@5l; General Electric preferred and
FIItsuurg, c., G. ~ St. Louis preferred
are "a per cent higher. The heavlneSS
of speculation i'll the late dealings was
rather UNEXPECTED III view of the good
bank statement, which especially by
the increase in loans showed revival
i'll trade which The mercantile agencies
in their weekly circulars report has be
gun.
THE STOCK MARKET
has i'll the main moved upward as re-
suit OF the weeks transactions, Dotwlth-
standing that the latter trading cut off
some of the earlier advances. Some
few shares show losses, including Ore
gon Navigation, 3; Lake Erie d w est
ern preferred, ~; Minnesota Iron, 2;
Chicago Gas, Is; General Electric, e
Distillng. *; Burlington Il Quincy, 4,
aud 81. Paul, g per cent.
The principal advances eStaDlis he'd
are: Chicago Fuel u iron preferred, 9;
Northwest preferred and Interior Con-
huit ct. exp, 80; Rubber preferred,
81 Missouri Pacific. 31s Colorado Iron
development Ct. 22s; Minnesota & ST.
Louis preferred, 21z Pittsburg c. C. 81
/ 81. Louis preferred Baltimore Il Ohio
| aud Duluth, South Shore IL Atlantic
| preferred, each 24; Sugar, American
Express and Iowa Central preferred,
/ each per cent.
THE BOND MARKET
| was steady to firm during the day with
4 general advance i'll prices ranging up
! 20 2 per cent. the latter III International
| tS Great Northern firStS coupon offered;
/; q in Pacific of Missouri seconds eX-
ended and Wheeling Il Lake Erie
! firsts; II in Chesapeake & Ohio SKIES
| of 1911, Rock Island fives, Wabash sec
| Onds aud Union Pacific. Denver u Gulf
tirsts, and per cent in Colorado Coal x
Iron skies. Housatonic Railroad fives
| and Minneapolis IL st. Louis. MiSSis-
| Sippi. Iowa division, firStS.
| During tine week the bond market
has been active aud strong, most OF the
| securities traded in reaching a higher
range OF values. The principal changes
of prices Oh the weeks transactions are
advances of Toledo, Ann Arbor firstS
ID per cent; do Mound Pleasant Is 5;
Omaha & st. Louis frsts extended
funded coupon 81 Cleveland & Can
ton iirsts, 8; l.. Il B.. Cecilian Branch
firsts, "a; do New Orleans d Mobile
seconds, 4; National Starch Company
firsts. Z; Missouri Pacific collateral
trusts. IS q; Galveston, Harrisburg 81
San Antonio frsts, 81 Oregon Nayi-
Cation trust, IS, 5; Iron Mountain Sec
ondS, Peoria, Decatur Sc Evansville
seconds and st. Paul. II. & DIS, each 3.
| Declines: Michigan Peninsular Car,
IS. ~; Norfolk IL Western 100 year IS.
~; Utah Southern Generals and Atch-
is0n Jewell Columbus q Western hrsts,
/ aaah