St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-01
tate.
St. Paul Title Insurance ! Trust Co
New. York.

New YORK. May 3l.-The specula-
ton on the stock exchange was dull and
uninteresting to a decree, the trading
Ill Sugar and Chicago Gas alone reliev-
ing the market from utter staynation.
What trading was done was mostly ON
the short side of ths market, the inf1u-
ences affecting the speculation being
mainly Of an u%nfavorab character.
Although the sterling exchange market
was a shade easier In tone today, gold
shipments were increased unexpect-
eddy, bringing the total exports 50 far
this week up to s.. 900, Ooo. and a similar
amount will go forward, it is thought,
OH Saturday. This had a depressing
effect on the market, and the re-
report OF receipts of several years,
which showed Increased earnings
for April heavier than was anticipated,
added to the general weakness. The
London houses were not in the market
to any appreciate extent. the extent of
the foreign trading being the buying of
some small lots OF St. Paul and Louis
vile d Nashville. Sugar, while most
active of the entire list, was not very
extensively dealt in. After an early
break uf l per cent a covering move
ment was begun, which resulted in an
advance of l3s. Renewed selling checked
the improvement. aud a general decline
set i'll, resulting in the loss of the entire
gain. In the final dealings there was
a rally Of q, a reaction of u at the
close. making a decline of Is
per cent on the day. The pre-
Chicago Gas was in brisk demand
during the morning hours, the buying
being almost entirely for the account of
the bull pool recently formed III that
stock. These purchases caused all ad-
vance of ~. OF which l per cent was
lost in the afternoon. leaving only a gain
OF a OIL The last sale of Tuesday. Louis
Vile IL Nashville was sold by the
room traders on rumors of poor business,
and receded l56 per cent, of which a
had been recovered at the close. Read
ing declined 4 on early dealings on
selling by Philadelphia houses, recov-
ering only Il. The fluctuations in the
grager shares were within fractional
limits, st. Paul and Rock Island losing
e and n respectively and Burlington
day. d. eui a"a S Ehtrs 5tins on no the
ing done in Northwest. Delaware
q hudson, eX-dividend of ~, and
eX-rights to subscribe at par to the new
stock. which were bought today at:4X,
sold down TO 1919. against 1898, with
dividend and rights, OH MONDAY last,
which shows q decline of IL in the
stock. Oregon Improvement broke 2%
OH one sale of 100 shares. New Jersey
Central was 1everiSh and fell of IN to
l04. recovering l per cent at the close.
Tobacco II Manhattan shU " decline
Ut 81, and Reading OF l per cent on the
day, while st. Paul preferred has ad-
vanced ~ and Morris u Essex IN.
The other changes are merely fractional.
The market at the close was steady to
firm.
The bond market was dull during the
morning. but became easier during the
afternoon. and Chased weak. The prin-
cipal changes are: Declines-New
YORK, New Haven u Hartford 4s. de
benture certificates third installment,
paid 81; Lake Erie q Western seconds,
2I; Kansas Pacific consols, Northern
Pacific seconds, Oregon Improve ment
IS, San Antonio d Arkasas pass Is,
and Oregon Short Line cunsol IS. each
l per cent. Advances Morgan's Louis
lana Il Texas, U. S. Cordage firsts,
each n; Louisiana IL Missouri River
6rsts, Louisville. st. Louis Il Texas
irsts and ST. Louis q San Francisco
CCOuuo, CidSS W, edCL 1 Uel C6Ut.
The Evening Post says: There were
some evidences n today's foreign ex-
change quotation OF All effort to force
bills on the market against shipments
of gold to Europe. At any rate, it is
clear enough that the direct London
Withdrawals have ceased, and thai to-
1000. 600 export, with probably
the weeks earlier shipments. are des-
tined for Germany alone. The open
market money rate at Berlin and Frank
fort is at the present higher than at any
other European center, and 1t will be
remembered that S13, 600. 600 was shipped
TO US from Germany to meet the needs
OF last summers panicky money mar
ket.
E" The Total Sales OF Stocks
today were 100. ia shares, including:
American Tobacco. 22.7OO; Atchison.
2,4o0; American Sugar. 20,3C0; Burling-
ton, $500: Distilling & Cattle Feeding,
$500; Louisville u Nashville, 7,7O0;
Reading. Z. 800; Rock Island, 1900.