St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-18
FINANCIAL.
New York.

lation Oh the stock exchange was fairly
active today, but the result of the days
transactions was. with some few excep-
tons, depreciation liz values. The
opening prices were as a rule higher
than yesterdays final sales, but the
early trading was irregular. B fore
the end of the first quarter of an hour
the market became steady, and. with
good buyers coming into the market. an
advance was begun which continued up
to IL O'Clock. and in which Lead. Dela-
ware & Hudson, Union Pacific and the
grangers were most prominent. Some
rev shares were heavy and recorded
declines, Iowa Central preferred reced-
ing N and Canadian Pacific per cent.
Shortly after II o'clock Lead was pressed
for sale and lost most the early improve
ment. Sugar, common and preferred.
New England and the list generally
falling of fraction. The depression
was Of brief duration. and under the
leadership OF Distilling, which was
bought freely, and Lead, which again
came into demand, an upward turn was
ma,le, the market turning into the
afternoon Strong in tone. A change.
however, was quickly made from
strength to depression. Great Northern
preferred or sales of 200 shares broke 3
per cent. Nickel Plate seconds pre-
TERED lost ~. Erie TX, do preferred,
Sugar and DlstHllng IL ana the rest of
the list smaller fractions. ,AboatG
O'Clock Sugar aud Lead han rallied. a
fraction. lead preferred making "a jump
of 2 per cent. The speculation
then became irregular, and during
the last hour was weak OH
sales of the active list. Lake
Shore. Manhattan, st. Paul and Read
ng making the heaviest declines, the
closing being weak except for some few
shares. including Chicago Gas. which
shawS an advance OF ~ of the day.
National Lead preferred shows gain
of . per cent; National Lead common,
e. and Delaware. Lackawanna & West
ern, l. The leading declines are: Great
Northern preferred, 3; New York. Chi
cagO d 81. Louis second preferred. ~;
Manhattan,1L; Iowa Central preferred,
N, and .Callauian Pacific and Louis
vile, New Albany preferred, l. London
was moderate buyer Of stocks, chiefly
st. Paul and Atchis0n. Washington
houses were The largest buyers of sugar.
Their stock opened q higher, declined
l, sold up 11s. broke 155s and rallied q,
making net gain of " The
declaration OF the dividends III Ma
tional Lead caused buoyant feeling
IN the trading in these shares, although
1t is said that considerable pool stock
was sold after the announcement of the
dividends. The bond market was steady
during the morning. bat became weak
In the afternoon, the principal changes
being: Missouri Pacific first consul
skies. 8; Erie second consUlS, Iowa Cen
trail tirsls. Oregon Navigation tives aud
Union Pacific gold SKIES. collateral trust
notes, each 2; Union Pacific sinking
fund eighths, ": Housatonic railroad
tives, 15s; Northern Pacific thirds and
Memphis and Charleston skies. each
"; Oregon Short Line SKIES. "; Flint
q Pers Marquette, Port Huron division
fives. st. Paul. Hastings Il Dakota firsts,
and Toledo. Ann Arbor u Mount Pleas
ant SKIES. each per cent. Advances
Colorado Midland tirsts. X; Erie Sec
ond mortgage, Lake Shore coupon firsts,
and Long Island firsts. each II per
cent.
The Evening Posts London cable
gram says: Today was the strongest
bank return on record. The proportion
of cash to liabilities is nearly rs be,
cent. The reserve has increased
81, l04 900. El,059,O00 being gold import
ed during the week. G2l0,0GO coming
from Australia, and the remainder in
bar gold and United States coin bought.
The government securities show a
light mere as }. indicating desire of the
bank To make suitable Investments.
Other securities were lower, and the
market has practically repaid all
its Indebtedness to the bank.
The recovery of Argentines OIL
decline of three points in
the gold premium there rallied all the
market today. Americans opened above
the New York party. and closed fairly
strong. with special recovery in Atcfi-
son and Louisville The rumored failure
of large house III BuenOs Ayres is De.
lieved to be nothing more than the fail
ure of. a few small tradesmen there,
owing to the low prices of produce.
Silver Was % 1-16d, and weak. Rupee
paper was exceedingly weak on re-
newed full Indian exchange. Forty
six thousand pounds in gold were bought
by the bank today,and G30,0OO came in
from Brazil.
The Evening Post: For time at this
mornings opening the. market had a
singulariy cheerful aspect. Prices for
pretty much everything on the list were
sharply advanced. Buying orders were
executed by London houses, and in the
SlOCkS all active
recovery seemed to be in progress. The
first hours gain, however, was only
partially maintained, and the subse-
quent heaviness and dizziness showed
that the orders, whether made
through local ''bulls' or foreign brokers,
were a transient raid against yesterdays
short interest.
The Total Sales or Stocks
today we're 201.80S shares, including
Atchison. 1900; American Sugar. "a,
800; Burlington. 11.100: Chicago Gas, Is.
600; Distilling, $1,000; General Electric,
11.7O0; Louisville & Nashville. $500;
Missouri Pacific, 4.l00; New England.
$500; Northern Pacific preferred, 9. 900
Reading. 1900; st. Paul. 80. 100: Union
Pacific, $500; Western Union, $500.
New York Money.