St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-08
FINANCIAL.
New York.

NEW YORK, June 7.-Share Specula--
ton on the stock exchange opened up
quite brisk this morning and the trad-i
ing was we'll distributed. The greatest
business was done in the industrials,ss
and of this group Sugar was again most
active, but the transactions therein did
not overshadow its sister stocks as in
the past two days. Chicago Gas and
General Electric being as extensively
traded in as the day advanced, the deal
ings becoming less in volume. and;
toward the close the market became
very quiet. There were occasional
periods of weakness during the day. but
the prevailing tone was frmness and
the great majority Of the shares traded
in show advances OIL the day
ranging from n to ~. Sugar
and Northwest were about the only
active shares which show a
decline from the closing figures of yes
terday. The trade in foreign account
was less than for some days past, and
was fairly divided between both ac-
counts, but the strength of American
securities in London counteracted any
nhfavorable influences that might have
been drawn from the sEallness of the
London purchasing movement. The
higher prices for wheat were factor in
the upward trend of prices of the gran
gers In the morning, these shares ad-
vancing 1z@A. but later losing the
gains, except st. Paul. which held Il,
while Northwest fell off a similar frac-
ton. Sugar was sold in the early deal
ings to realize profits, breaking IN.
Then the clique began to buy, and
full recovery enSued. In the latter
dealings a reaction of l per cent took
place, followed by recovery of and
final reaction of Il, making a loss on
the day of e. Reports that the attor
ney general of Illinois had practically
abandoned the suit against the Chicago
Gas company induced the purchase of
the stock of the company, causing all
appreciation in the value of the shares
of per cent, of which Is was lost in the
opened 3s lower and made further de-
cline Of a, took sha:p upward turn on
buying said to te based on the reported
improved business prospects OF the
company. A rise of 21a per cent was
made On these purchases. of which Is
was subsequently lost, the closing price
being II above yesterdays final quota
lions.
Compared with the last sales of yes.
ferday an improvement has been regis
tered of IL per cent in National Starch,
in American Cotton Oil and Baltimore
& Ohio, and 2 per cent in e. G. c. & st,
decline OF ID, and Louisville & New
Albany preferred. per cent The other
changes are merely fractional.
Tbe railway and miscellaneous bond
market was fairly firm. but some of the
issues dealt in made declines. The
principal changes OF prices are:
Advances-Illinois Central 81 of 1862,
~; Chicago & Erie firsts and st. Paul,
Z. q NJ. first, each, N; Wabash sec
onds, II.
Declmes-Kansas Pacific consols, 81
Rock Island debenture IS, IN; Louis
Vile q New Albany co1sols, 2; Chicago
u Eastern Illinois IS and United States
COrdage firsts. each l per cent; Iron
Mountain advanced 3 per cent and SUBJ
sequehtly lost the gain; Wabash de-
bentures, series B, sold at "a, against 21l
on May Is.
The Evening Post says: The granger
stocks scored their advance in the
opening hour, and largely doubtless on
continued covering of local shorts.
After this early trading, the general
market fell into dullness., The, two ex-
ceptions were DistilIing certificates and
General Electric stock. which were
taken up,apparently for the sole reason
that they have been SO long inactive.
The Total Sales or stock.
today we're 177,1S7 shares, including:
Atchisoh. 8. 900; Sugar. SO, 500; Burlinr-
ton, $500; Chicago Gas. 2U,4UO: Distiil.
ing, II, 100; General Electric, 1Y,sOO:
Missouri Pacific. 6.2OO; Lead, $500:
Cordage, 2.400; Northwest, 5000; Rock
Island. 1900; st. Paul, 1880; Western
Union. 5000.