St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-06
FINANCIAL.
New York.

NEW YORK, June 5.-Sugar monop-
olized the speculative attention of the
stock exchange today, mole than half
the business having been done in the.
shares of the Sugar trust. 1t was very
exciting day for the operators in this
mercurial property, the fluctuations in
which were both wide and frequent.
The buying was at times very strong,
and again the selling was very heavy.
A jump of ~ was made at the opening,
and further advance Of y, then, on
brisk selling, reaction of q took
place, but bnying orders were met
which absorbed all the offerings,
and another rise was entered upon
which sent the stock up 2 to
1868. This purchasing movement
was based on the result of the vOt-
ing on the amendment offered to the
sugar schedule in the senate, which
showed that the anticipated programme
was to he carried out. But when the
stock came out, which checked the
purchasing movement. iEastnuch as it
led to belief that some interest was
marketing the stock on the bull news,
and that it was likely that an insider
was feeding the shares to the traders.
This suspicion induced realizing sales,
as well as stopping the buying. and a
sharp break OF 2115 took place. TO 1917.
The lower range was maintained
for but while, when renewed
purchases caused quick recovery, the
stock closing within Is of the highest
point touched and at an advance of 81
on the day. Sugar preferred rose TX
to 96, but reacted to 9Is4 on realizing
sales. Chicago Gas opened q lower.
advanced a. and then slumped off II
OH sales to take profits. At the lower
figures there was S fair buying, and
rally Of "a took place, which was MAIN
est in this stock is said to have
been largely eliminated during the
recent upward movement, and 1t is not
therefore as quick to recover from ia
decline as heretofore. The granger
group was most active of the rail-
way list, but st. Paul and Burlington
received most attention, the former
being sold by London, and the latter,
very moderately. however. by Boston.
An opening advance of a in St. Paul
was followed by decline of a. the last
sale being within a of the bottom price.
Rock Island lost q and Northwest II;
Northwest preferred broke 2 in sale OF
100 shares.
The important losses OF the day are
National Cordage preferred, Louisville
d New Albany. each 2, and United.
States Express. 1; Westinghouse as
scented sold at 7214, against 70 tile last
previous sale. Advances were recorded.
Of i'll Cotton Oil and II in Cotton Oil
preferred. The bond market was easier
during the morning, but closed firmer,
the principal changes being:
Advances-Northwest Sinking Fund
IS, rs; Chicago Gas tirStS. Oregon Navi-
cation IS, each l.
Declines - Kansas Pacific consols,
Oregon Short Line Collateral Trust IS,
each l; Alton 81 Terre Haute divisional
bonds sold at 70, against Is ON May L.;
clined 2per cent to 50, aud Immediately
jumped to 80.
The Evening Post says: Sugar Ger
tifcates furnished almost the sole mark
of activity in today's stock market.
This stock was marked up 2 points OH
the first transaction, and. after brief
Intervening reaction, was pushed up
still another point or more to 107. The
vote taken In the senate today on the
sugar schedule, the result of which was
assumed i'll advance as favorable, was
the only argument employed.
The Total Sales OF Stocks
today were 301, 800 shares, including:
American Sugar. 117.000; Atchison,
1000; Burlington, 5000; Chicago Gas.
$4,000; Distilling and Cattle Feeding.
5000; General Electric, $500; Missouri
Pacific, 1850; National Lead, 5000; st.
Paul, 10,700.