St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-23
FINANCIAL.
New Work..

NEW YORK, April 2i.--The stock
market was quiet aud no startling feat
ures. There was good selling of New
England at the opening, the first sale
being at a decline OF q. and then came
ali additional break OF per cent, which
was followed by recovery or IA, 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 fuctua-
tons were as rule confined within
narrow limits, the only shares which
ures slow loss Of more than fraction
being Pittsburg Il Western preferred,
which is down ~, Pittsburg, c. C. u
st. Louis preferred. ~; Oregon I'm.
provenent, ~. The grangers show
decline of 7s@H and Missouri Pacific,
Is. Chicago Gas on good buying rose
in the opening dealings 4. but
quickly reacted e, rallylng IS
at the close. In the final
trading, covering of short contracts
caused a recovery of a small fraction in
some of the more active shares. but the
undertone at the close was heavy. Dur
ing the week the speculation was ir-
regular and unsettled, the trend of
prices being IN the main direction of
lower figures. Some shares, however,
recorded advances, notably Chicago
Gas so. Consolidated Gas 3M. Alton &
Terre Heute 6, Evansville IL Terre
Haute 3. Sugar and do preferred "a.
The chief declines are: ST. Paul, MIN
ne apolis & Manitoba, Rubber and La
clede Gas preferred, 3; New England.
Pittsburg IL Western and Rubber pre-
ferred. "a; Hooking Valley, 2115; Iowa
Central preferred. 2; American To-
bacco, 2, ana the grangers L@I 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 Us, st. Louis IL San Fran
cisco consol As, East Tennessee eX-
tended IS, and Chicago, Burlington &
Quincy Is, Iowa division. advanced l
per cent each. Harlem registered lists
declined 8: Oregon Short Line consol
IS, ~: Virginia Midland general IS, 2;
Union Pacific gold 6s collateral trust
notes II, and Denver Il Rio Grande IS
are chiefly in the direction of higher
values, but it is only in the
usually inactive shares that any
material Improvement has been
made notably Duluth & Manitoba
frStS, IS; Peoria. Decatur q Evansville
firsts. Evansville division, s; Peoria, De-
catur & Evansville, main line. flrsts,
So; Mexican International firsts, ca;
New York Central. Chicago registered
As, Ga: Georgia Central. gold IS. 6;
keokuk & Des NJ Dimes tirSts and New
YORK Central de benture As. 5; Cleveland
Il Canton firsts and Omaha & st. Louis
hrsts, 3 per cent.
Declines Toledo, Ann Arbor &
Grand Trunk firsts. 25: St. Louis d San
Francisco Trust IS, s; Harlem registered
firsts, 3 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 buying movement.
This is not because the gold shipments
are themselves a 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 we'll 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 Europe.
The Total safes OF Stocks
to-day were 72,742 shares, including
American Sugar, 2,10J; Burning
Burlington, LOCO; Chicago Gas, 17,100;
Col. II. V. & ?. Fights, 1000; Distill-
ing and Cattle Feeding, $500; General
Electric. 6.2O0; New York d New
England. 20. 200; Reading. LOGO; Rock
Island l 725. ST Paul @ 2lnl