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

NEW YORK, Aug. 3.-The feature of
the share speculation today was the bull
movement in Sugar, which was based on
information received from Washington
to the effect that the senate and house
conferees on the tariff bill had agreed
OH the sc ditferential iii favor of refined
sugar. AS usual, the Sugar clique ap-
peared to have the news iii advance OF
the streets and thei" brokers had &C
Quired goodly amount of the stock be-
lore the general run of traders were
aware of the reasons for putting the
price up. At the opering the buying was
SO brisk that the official reporters OF
the stock exchange were unable TO
catch the prices in order named, and
the first quotation given on the
tlckers was 1880 shares, 1890 1O4"
the lower figure being q above
the closing of yesterday. A further:ad-
vance of 4 was maze before the buying
movement lost force, and when 1t did
reaction of l per cent took place. but
before noon had recovered the full adj
vance. During the early afternoon the
stock was not very largely dealt in, and
fluctuated within narrow limits, but at
2 o'clock there was renewal of the
purchasing movement, large blocks
changing hands at rapidly advancing
prices, until, at 2:45 o'clock, 1852 WAS
touched. being a gain of 33s per cent on
last nights price.
A reaction of q per cent followed on
realizing sales, with final rally OF g,
leaving an improvement for the day of
25s per cent. The preferred stock
gained 81. In the general list the only
shares prominent i'll the trading were
The CHANGERS, Distlling and Chicago
Gas, and, while they were fairly firm
ri, .rit,
until after O'clock that they
made any material appreciation. but
under the buoyancy impaired to
the market by the sugar boom they rose
sharply, selling up from the lowest
point of the day. l 4 for Northwest and
st. Paul, % for Burlington q Quincy
and Rock Island. l55 for Chicago Gas
and Louisville d. Nashville and per
cent for Distilling. Some of the spe-
cialties also shared in the advance.
Kansas q Texas preferred, Susque-
hanna and Western preferred, Reading
and Lead each moving up l per
cent; subsequently there was frac-
tlonal reaction due to reallZatlonS, and
| in the final dealings partial rally, the
market closing at or near the best prices
| of the day. with all advance on yester-
| day of 1s5 in Delaware & Hudson, 4
| Chicago Gas, 1H Northwest, st. Paul,
Lead and Kansas q Texas pre-,
ferred, q Missouri Pacific and
Susquehanna and preferred, ID
| Rock Island and Louisville d Nashville
and II in Pullman, 11a in Wheeling &
Lake Erie preferred. and & and Is in
the rest of the list, (the latter Reading),
with but few exceptions. United States
leather is down % and Mobile u Ohio l
! per cent. Louisville u New Albany
| preferred broke 8 per cent 10 %, re-
covered to 2515 and closed at %. Balti-
more & Ohio Southwestern preferred
sold at 10, against l514, the last previous
sale.
The bond market was strong all day,
the principal changes beng: Advances
Equitable Gas Of Chicago tirsts and
New York & Pennsylvania second
trust receipts and Northern Pacific con-
sol IS, u; Northern Pacific Montana
frsts. 2; AtchiSon, Colorado 81 Pacific
firsts, Chicago d Northern Pacific firsts,
trust receipts, Chesapeake IL Ohio AIS,
Evansville q Terre Haute tirsts, Oregon
Short Line 6S and Reading seconds and
thirds, l per cent; Manhattan Beach
Hotel and Land limited is sold up per
| cent TO 30. but reacted to %.
Declines-Richmond d Danville con-
sol 6s, 2. and Milwaukee IL Northern
firsts to 1918 consolidated and st. Joe &
Grand Island firStS, per cent.
The Total sales OF stocks
today were Ill., 54 shares, including:
American Sugar. 5l,500; Burlington,
1850; Chicago Gas, 4.40O; Distiiing.
$500; Louisville & Nashville, $500;
Rock Island, $500; st. Paul, 1880.