St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-19
ALL CLIMB UPWARD.
General Movement OF Stocks
on Change That Is Most
Encouraging.
A RENEWAL OF CONFIDENCE
Indicated, and a Belief That
the Corn Crop Is Not
a Failure.
BETTER CROP OUTLOOK
EIade Wheat and Corn Weak
and LoWer--Provisions
Decline.
BETTER CROP OUTLOOK


prices on the stock exchange today was
with one or two unimpOrtant exceptions
toward higher values, anu the market
closed strong at or near the best figures
touched. The causes which led to this
upward movement were the strength of
American securities OH the London
stock exchange, good buying by the
arbltrage- and, perhaps, chief of all,
the confidence impaired to the street
by the declaration of the regular div
idend in Burlington X Quincy. The
action of the Burlington directors has
been taken TO mean that they believe In
an immediate revival of business. and
that they do not believe that the
corn crop has Deen annihilated. Tha
covering of short contracts was steady
and the bidding for the long account
strong, and there was very little evil
dence OF desire among the traders to
get out of the market over Sunday ex-
crpt on the part of the shorts. There
was good purchasing for rise beyond
the mere advance of a day, and the
trading was quite confidential at the
close when compared with yesterdays
final figures. The gains were: Great
Northern preferred, 2A; American
Tobacco. common and preferred, 215;
&. c. II st. Louis, 214 Western Union
unchanged on the day, having gained
and lost q.
The movement during tie early part
OF the week was erratic and the specu-
latiOn somewhat unsettled. but the
trading improved when the weeks sub
stantial appreciation in values had
been established. the more material
gains being: American Tobacco, II;
do preferred, 3; General Electric, 51S
Sugar, 4; Edison Electric of New York,
5: Chicago Gas, IA; Cation Oil, pfd.
~; DistiIling, "a; Burlington &
Quincy, 625; st. Paul, So; do ptd, IL;
Rock Island. As; Northwestern, so:
ST. Paul Il Omaha. 23s do preferred. :;
St. Paul, Minneapolis & Mani
toba. 81; St. Paul Il Duluth.
2: Denver Il Rio Grande preferred,
5; do common, ,; Norfolk il West
ern preferred. AS; Louisville &
Nashville. 29s; Union Pacific. ~; Mis-
souri, Pacific. 4; Lake Erie 8 Western
preferred, So; New York, Chicago Il
ST. Louis preferred, 30; Z. {. c. i ST.
Louis and Northern Pacific preferred,
s.: Southern Pacific and New England
Il, D,
Pittsburg & Western preferred, s;
Canadian Pacific. 5; Pittsburg. c. c. Il
Ct. Louis, 81; Illinois Central, rs;
Great NOrthera preferred. Lake Shore
and Iowa Central preferred, 215; New
York Central, Peoria. Decatur and
Evansville, Richmond Terminal pre-
ferred and Wheeling d Lake Erie. %;
do preferred, ~; Aichison, pa, and
Michigan Central, Connecticut South
ern. Toledo, Ann .Arbor and United Pa
cfic, Denver c Gulf, , per cent. Rail-
way and miscellaneous bond market
was strong and active today. the trans
actions aggregating s1.32S 009, and
prices, except in few unimportant III
stances, moved upward.
The principal gains were: Richmond
d Danviile stamped 5s, ~ per cent !;
Oregon Navigation IS, first receipts,
SIS; Southern railway IS, when issued,
3; Is. L D. firsts, incLmes, series b, and
- Kansas Pacific consols. 215. and Oregon
Short Line collateral firsts, 6.
Northern Pacific collateral firsts notes
sold at T6. against 81 the last sale. On
the week prices generally show all inn
provement, the chief advances being:
Minnesota Il st. Louis equipment Is, 9
per cent; Ohio Southern As, Georgia
Pacific second cGnsol IS, first receipts.
ana Oregon Navigation IS, 8; do first
receipts, 615; Peoria, Decatur Il Evans
vile tirStS, Z; do seconds. 3; Louisville,
New Albany consols. Ga; Southern
railway 5S, when issued, and Heck
ing Valley 6s, SO; do IS, 4;
Savannah Il Western frsts, 5;
Colorado Midland IS and Erie second
consols, 40; do frsts receipts. so;
Richmond & Danvillh stamped is. AZ
Wabash debentures, series 3D." and
g. 10 Ec do
ern Il Northern Alabama guaranteed
5s. ): 90 Nashville, Floriua Il Sheffield
tirstS, ~; Denver IL Rio Grande As, go
Wisconsin Central hrsts, st. Louis 4
San Francisco general IS, /; Reading
tirsts preferred. ami Atlantic d Pacific
Is. 81; Union Elevated firsts, and
Richmond Terminal stamped 6s, 3$l
Rio Grande Western tirstS, and Atchi-
SON seconds. %; Peoria q Eastern
1irsts, Southern Pacific of California
firsts, Tennessee Coal aud Iron, Biz
nIngham division tirs;s, and Union Pa
cific, Denver < Gulf flrsts, 3.
Declines - 1oiedo, Ann Arbor ano
Cadillac tirsts, ~; Northern Pacific
collateral notes, "a; Utah Southern IS
Oregon Navigation collateral frSts,
and New York and New England liel
Us, ~.
The Total Sales of stock
TODAY were 163,O57 shares, including
American Tobacco. $500; Atchis on
>, 2UO: American Sugar, $4,000; Burling
ION. 1880; Chicago Gas, 1890; c., G.
{. * St. Louis. $500; Dstillers. $4,000
General Electric, $500; Louisville &
Nashville, 400: Missouri Pacific, 1900
National Lead. $500; Reading. 2.T0O
Rock Island, 300: 81. Paul, 1880
Texas Pacific, $500; Western Union
G,400.
stock Market-CIosing.