St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-14
FINANCIAL.
New York.

speculation was on smaller rate today
than Tor the past few days, but, while
the transactions were limited the tone
Of the market was decidedly firm. Lon
don was not in the market to any great
extent, but some few lots of st. Paul,
Atchison. Missouri Pacific and Louis
vile & Nashville were taken for the
foreign account. The principal buying
was by the local short interest, which
seemed to think that there WAS danger
in leaving their lines uncovered in view
of the UNDERGONE OF strength displayed
by the active list under the bear attacks
OF the past few days. There was very
little in the way of news to affect
the trading beyond the report Oe the
Western Union Telegraph company,
which was more favorable than was an
ticipated, the dealings were very light
outside OF Sugar, st. Paul, Chicago Gas
and Burlington Il Quincy, the only
other stock in which the transactions
reached 5000 shares being Missouri Pa
cific. 1t was expected that an attack
would be made on Sugar at the opening
with the dividend off, and the bear
traders did make demonstration
against the stock, sending the price
down q per cent, but the bull clique in
the shares were on hand to take all the
offerings, and when the pressure to
sell eased off they took advantage of
the occasion to move the quotations up
25ss. recovering within q of the
dividend. The gain was well main-
tanned until the late dealings, when a
reaction of q took place, followed by a
rally of "a and by a final break of a
similar fraction. the last sale being at
an advance of Is on the day. Sugar
preferred sold at72719 ex-tiividend Of ~,
being All advance of 4 on yesterday.
Purchases of Sugar were based OH Mr..
Havemeyer's Testimony of yesterday
before the senate committee to the
years aggregated s35. Ooo,O 900. St. Paul
and Burlington & Quincy were actively
dealt in and were In good buying de-
mand on reports of improved prospects
of increased earnings. Burlington rose
15S and closed within d per cent of the
best prices; st. Paul sold up 81 and lost
& in the final sales. Northwest and
Rock Island we're in light reques:, the
former closing unchanged and the latter
g higher. Missouri Pacific showed evil
dences OF strength during the morning,
gaining a OH fairly good buying and
subsequently losing a. Chicago Gas.
after. a reaction of 4. sold up 2 OIL
purchase made ON Chicago orders,
that the suit brought against the COM
pany BY the attorney general of Illinois
would not be pressed; on realizing sales
reaction of took place at the close
New York Il New England advanced
~ and New York & New England
Trust company certificates "a, and Lake
Erie Il Western l. while Minneapolis &
st. Louis preferred declined ". and
Pittsburg. Cincinnati, Chicago & ST.
Louis l. The other changes were mer> ly
fractional. The general market closed
fairly firm.
The railway and miscellaneous bond
market was strong all day, the principal
changes being:
Acknowledgements & st. Louis.
Iowa division firsts. and st. Louis Il
San Francisco general SKIES. each ";
st. Paul H. & d. Is, Oregon firsts. Mis-
souri,. Kansas u Eastern tirsts, People
Gas of Chicago consol 6s. Lake Shore
second coupon, Houston & Texas Cen
trail firsts IS, Colorado Midland tours,
Chicago Il Erie firsts and Chicago Gas
firsts each per cent; Central New Jer-
sey general tives registered, II.
Declines-Northwest sinking fund IS
and Louisville & Nashville, Nashville,
Florida Il Sheffield firsts, each 2; Savan-
nah & Western firSts sold at 451a against
4Sl9 April 10.
The Evening Post says: Outside of
Sugar certificates there was practically
no manipulation in today's stock mar
ket. This rendered somewhat more
significant the days general improve
ment. These gains were doubtless at
tributable largely to covering of specu-
lative shorts; but the short interest is
usually a sagacious Judge, and the buy
ing back of stock on this occasion was
plainly due to fear of some distinctly
favorable turn and confession of failure
in this weeks renewed effort to force
out investment stock.