St. Paul daily globe., 1894-05-08
C.. ERNST & Co
-. - Investment Bankers.
Dealers I'm Ffrst-Class
10 Bonds, Bank Stocks and
Commercial Papers.
Money to Loan In Large Amounts.
20 -OFFICES-
Germania Bank Bldg, and Temple Courts,
St Paul. Minneapolis.
FINANCIAL.
New York.

,fNEw YORK, May Z. 7.-Today's stock
market was inactive and without prom
iaent feature, the dealings being very
largely confiued to the room traders.
Sugar, of the industrials. and st. Paul,
or the railway list. did more than half
the business, the only other stock in
which the transactions exceeded 10000
shares being General Electric. The
tone at the opening was weak, and
prices were generally 1s@3s per cent
lower. Sugar was, however, an excep-
ton and on good buying rose per cent.
as compared with the closing sale of
Saturday. The advance led to
realizations. which induced SELL
terest, and prices took sharp
downward turn. there being no sup
porting orders in the market until 1861
was touched, decline of per cent
from the top figures of the morning.
Then some covering was done, Which
caused rally of 155s. followed by a re-.
action of "a, and final recovery Of q,
the closing price being the same as Sat-
urtay. Sugar preferred advanced 15 OIL
the day. st. Paul was held very steadily
during the morning and early afternoon,
but was sold heavily during the last
hour on report, which lacks confirma-
-tion. that the company contemplated
the issue of bonds to the amount of
S5.00O.000 for equipment purposes. This
led to decline in the stock of q, the
last being the lowest price of the day.
General Electric gained Is in the open.
ing trading, but quickly declined II
on liQuidating sales, said to be for the
account of a Boston estate. A rally Of
1s took place in the final dealings.
National Lead, after all early improve
ment of g, declined per cent. closing
at the lowest point touched. The gen.
eral market was irregular and unsettled
during the day, the fluctuations being
narrow in the usually active shares.
The late dealings were weak and the
market closed easy with about as many
stocks showing declines as there were
in the column of gains the more prom
inent are Iowa Central preferred, II;
Morris and Essex. Q; Interior Conduit,
11a4, and Wheeling & Lake Erie, 11116.
Declines are Pullman. per cent; Man
haitian and American Tobacco, each l
per cent, and B 4 o, ia. The grangers
are down 1s(9T. 1t is thought that the
shipments of gold this week will about
equal last weeks exports. but the
amount to 90 forward will largely de-
pend OIL whether London becomes a
seller or buyer on the New York ex-
change. The s1,2O0,O0O gold to he
shipped by the Trave tomorrow was
taken from the sub.treasury.
The bond market was only moderately
active. and was heavier in tone than
for some time past. The demand was
materially lessened. Prices are irregu.
lar compared with previous figures, the
leading changes being: Advances
st. Paul ID. and D.. 5s, 3; Winona & st.
Peter seconds, 2as; Peoria, Decatur &
Evansville Division firsts. and Ohio
Southern seconds. each q; Toledo. Ann
Arbor & Grand Trunk firsts, each IL;
Chicago & Eastern Illinois consols,
per cent Declines-AtchisOn,C Colorado
81 Pacific firsts, q; Colorado. Coal and
Iron 6s, Kansas Pacific, Denver
frsts assented. St. Louis & San Francis
CO seconds, Glass B Uuion Pacific, Den
yer & Gulf firsts aud Wabash seconds,
each per cent.
The Evening Posts London cable
gram: The monthly trading returns
today again show an improving tend
ency. The markets were deadly dull,
however, at the approach of the settle-
nent, and Whitsuntide; consols and
otner giIt-edged stocks were strong on
cheap money. Americans were neg
lected. with heavy tone, and closed at
the lowest. Silver was 297sd and steady.
Three hundred and fifty-eight thousand
coin was bought; $4,000 sovereigns came
in from Australia. About G1,000,00O is
due within the next ten days.
The Evening Post says: The business
done on the stock exchange was of the
most narrowly professional character.
This being the case. Sugar certificates
xuora of rourcQ tho cQufral pOi,,f ~