St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-22
FINANCIAL.
New York.


market was quiet aud no startling feat
ures. There was good selling of New
England at the opening, the first sale
being at decline of %. and then came
all additional break OF / per cent, which
was followed by recovery of u, With
a final reaction of q. making the loss on
the day per cent.
Reports of rate cutting and labor
troubles in the West helped to depress
the market generally. but the fluctua-
t!OnS were as a rule confined within
narrow limits, the only shares which
compared with Yesterdays closing fig
ures show a loss of more than fraction
being Pittsburg & Western preferred,
ST. Louis preferred. Isl; Oregon I'm
provement, ~. The grangers show
decl inc of ]s@% and Missouri Pacific.
q. Chicago Gas on good buying rose
i'll the opening dealings 4. but
quickly reacted q, rallylng Is
at the close. In the final
trading, covering of short contracts
caused a recovery OF small fraction in
some of the more active shares. but the
UNDERGONE at the close was heavy. Dur
ing the week the speculation was IF
regular and unsettled, the trend of
prices being IN the main direction OF
lower figures. Some shares. however,
recorded advances, notably Chicago
Gas 81. Consolidated Gas so. Alton 4
'ferre Haute g, Evansville d Terre
Haute 5. Sugar and do preferred %.
The chief declines are: ST. Paul. Min
ne apolis & Manitoba, Rubber and La
clede Gas preferred. 3; New England,
Pittsburg d Western and Rubber pre-
ferred. "a; Hooking Valley. rs; Iowa
Central preferred. 2; American To-
bacco, 2, ana the grangerS 15@% per
cent.
The bond market was only moderately
active TO-DAY, but was firm in tone until
near the close, when in sympathy With
the share speculation prices gave way
slightly. closed steady. Northwestern
sinking fund Is, st. Louis IL San Fran
cisco consol As. East Tennessee ex-
tended IS, and Chicago, Burlington IL
Quincy As, Iowa division. advanced l
per cent each. Harlem registered lists
declined 5; Oregon Short Line consol
IS, IN: Virginia Midland general IS, Q;
Union Pacific gold IS collateral trust
notes ". and Denver 4 Rio Grande As
l per cent. The changes on, the week
are chiefly in the dire ction of higher
values, but it is only in the
usually inactive shares that any
material Improvement has been
made notably Duluth e. Manitoba
firsts, IS; Peoria. Decatur & Evansville
firsts, Evansville division, s; Peoria, De-
catur u Evansville, maiD line. tirsis,
So; Mexican International firsts, 90;
New York Central. Chicago registered
4s, 61&: Georgia Central. gold IS. 6;
Keokuk & Des NJ Dimes frsts and New
YORK Central de benture Is. 5: Cleveland
Il Canton firsts and Omaha d st. Louis
tirstS, per cent.
Declines Toledo, Ann Arbor &
Grand Trunk firsts. 25: St. Louis d San
Francisco Trust IS, s; Harlem registered
firsts. per cent.
The Evening Post says: Very posi-
bly, the stock market Is now, by its utter
lifelessness, rejecting the doubts over
next weeks sterling exchange move
ment. 1t has been shown this week
that while gold exports will not startle
investors into heavy sales Of securities,
they will check a buying movement.
THIS is not because the gold shipments
are themselves dangerous symptom.
In So far as they arise from and reflect
the present stagnation of capital and ell
terprise in this country, they merely re-
peat what is perfectly well known
through many other channels of infor-
nation. But the motive for hesitation
is largely the situation of the treasury,
complicated as it is by the obstruction
ana delay to proper revenue legislation
at Washington. Today, however. fur
Their advance in Paris sterling rates put
an end to all further opportunity for
triangular operations in exchange for
the benefit of Paris. Before gold is sent
out again our own rates for sterling
must advance, and this is rendered at
least somewhat less probable by the
continued bond purchases for EurODe
The Total Sales OF Stock.
to-day were 72,742 shares, including
American Sugar, 2.10O; Burling-
ton, $500; Anne rican Sugar. 10,40O:
Burlington, LOCO; Chicago Gas, 17.100;
COL, II. Y. & P. Fights, 1000; Distll-
ing and Cattle Feeding, $500; General
Electric. $500; New York & New
England. 20. 200; Reading. LOGO; Rock
Island, 1,735; st. Paul, $500.