St. Paul daily globe., 1894-08-17
TRADE IS WAKING UP.
Broadening Of Markets Shown
by Increased Orders to
Agents.
HEAVY BUYING ORDERS
Caused an Advance in Nearly
All Stocks on the
List.
CORN CONTINUED WEAK.
Other Grains Followed the
Lead of the More Act
i've Cereal.
CORN CONTINUED WEAK.

New YORK, Aug. 16.-The volume OF
business on the stock exchange today
was considerably heavier than yes
terday. and the speculation heavier in
t e. Evidences of broadening mar
ket were found in the increased orders
received by the commission houses,
which report growing interest on the
part of their customers in the course Of
speculative values. There were large
number of out-of-town buying orders
on the board. and London supplemented
the advance In American securities OH
its own stock exchange by sending over
purchasing orders for a majority of the
arbitrage stocks. AS consequence, the
trading was mainly on the long side of
the account, and the trend of prices was
upward throughout the day, except for
occasional fractional reactions due to
realization of profits and small bear
raids, which were Intellectual and only
lad to fresh covering. The chief
speculation was in the granger shares.
which were in unusually good buying,
In the belief that on the final settlement
of the tariff railroad traffic is certain to
be largely increased by heavy shipments
the West. st. Paul advanced rs, closed
x lower; Burlington TX, closed % off;
Rcck Island 1$5, closing 4 down, and
Northwe "a, with final reaction OF
g. The directors of the Chicago, Bur-
lington & Quincy meet in Boston to-
morrow to take action on the dividend.
and the large covering i'll the shares
today would seem TO indicate that the
bears believe that the regular dividend
will be declared. 1t is stated
that the directors will meet at IL
o'clock, and the result of the
session will be announced by the
chairman at the Boston stock exchange
and will be given out at the company's
office. This course Is to be taken pre-
sumably to give everybody interested
an equal chance to obtain the news at
the same time. General Electric made
the greatest advance on the day, scoring
gain of 2 on good buying, Induced by
favorable reports of the cOmpany's busi-
ness. There was demand for Missouri
Pacific at the second board, which sent
the snares up 2. with subsequent reac-
tion of / 11s and final rally OF "a, max
ing net gain of 1ss. Local and Lon
don buying of Louisville & Nashville
caused an appreciation of ~, the clos
ing price being within 4 OF the best.
day were: Union Pacific aed Denver &
Rio Grande preferred. X; Colorado
Coal and Iron, II; Lake Shore, 2, and
Wheeling & Lake Erie preferred and
Chicago Gas. q.
Western Union, which itsis said will
shortly be listed on the London stock
exchange. sold up & TO S9T, closing at
a reaction Of 81. Sugar did not partici-
pate in the general buoyancY, being un.
der the manipulation of the clique of
insiders. An early decline of % was
followed by an advance of ~. which
was subsequently entirely lost and even
more quickly recovered. In the late
trading the stock reacted %, with nnal
rally Of q, making gain Of 4 on the
day.
Distilling sold up q in the early deal
ingS, but the improvement was quickly
lost under bear raid based on the con-
tiicting rumor touching the 100000
loan which il is said the company needs
to make good its bond. The officials of
the company refuse any information on
the subject. Under free selling the
stock broke 13s, but at the close had re-
covered 14, being 4 above last nights
price. The only share which lost more
than fraction Oh the day was Mobile
IL Ohio, which is down l. The bond
IHaIkeG was StIOhS Ill udf, lHe leduIuR
changes being:
AdYanees-OhiO Southern general Is,
per cent; do first. 4; Louisville q
Nashville collateral trust IS, 4; do
Nashville, Wisconsin Central firsts, 211z;
East Tennessee divisional 5s, 2; Louis
vile Il New Albany conSOls, ~; Atchi-
son seconds, II; Hooking Valley IS, l.
Declines-Oregon Navigation collat-
eral trust IS, per cent; Toledo & Ann
Arbor irsts, d; Duluth & Iron Range
tirSts. 2; Peoples Gas OF Chicago con-
soils IS, ~.
Total Sales of Stocks
today were 237.G24 shares, including
American Sugar, 52,S00; Burlington,
22,6O0; Chicago Gas, $500; Dstilling,
34,S00; General Electric, 1880; Louis
Vile & Nashville, 1900; Missouri Pa
cihc, 1900; National Lead, S,100; r. q
w. Z. class fifth assessment paid, 3,50G :;
kock Island, S.4O0: st. Paul, 25,900;
Western Union, 3.400.
MICHAEL DoRAN JANE DoRAN
M. DORIAN & CO.,
Bankers and Brokers,