St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-24

New York.

New YORK, Sept. 22.-During the
two hours of business on the stock ex-
change today the market was decidedly
strong in tone, and the shares traded in,
with but few uninportant exceptions,
show all improvement ranging from q
to 9 per cent. In the late dealings spec
ulation was most buoyant, and the mar
ket was firm, with the prices at or near
the highest point of the day. The vol .
m of business was rather light, and
was chiefly in the Changers, Chicago
Gas, Sugar and Reading. st. Paul led
in the transactions, the buying in the
stock being remarkably good, and a
steady advance Of l per cent to &C being
recorded, the closing being only
Is below the highest. In view of
the break yesterday in Rock
Island there was much interest evil
denced as to the course of the stock
today, and perhaps some surprise at the
early advance OF Is per cent. The
bears, however, were not disposed to
permit the rise to 20 unchallenged, and
they made a drive in the stock in which
the entire improvement was lost. The
reaction, however, brought out fresh
buying orders, under the influence of
which a gain of Is was made, the last
being the best price of the day. Bur-
lington IL Quincy appreciated steadily
the buying being for the Western ac-
count an dan advance of Is was estab-
lished. Northwest, too, on small
trading showed in the improvement
to the extent OF q per cen
A purchasing movement in Chicago
Gas, said to be promoted by newly
formed bull pool, sen the stock up IL
per cent. of which g was lost in the
final trading on realization on profits.
Sugar was not in active demand, but at
the same time there was no anxiety to
sell the stock and the fluctuations were
confined within a limit of % per cent,
and a net gain of g per CEN was
effected. Reports that the reorganiza-
ton plan for Reading has been practi-
cally agreed upon by all interests,
induced moderate buying, with the re-
suit that the stock recorded an
advance OF Is per cent, closing
at the best. In the general list the
more important advances are: Lead
preferred, 2 per cent; General Electric
and D., l.. 81 W., each l per cent, and
Louisville & Nashville, Toledo, Ann
ArbOr II Rubber preferred. %.
The only stock which shows a decline
of more than a fraction is Colorado Fuel
and Iron. Which lost 2 per cent. Dur
ing the week the share speculation has
been irregular and unsettled, and as a
result of the trading, prices mainly
show a decline compared with the final
sales Of Saturday a week Ago.. With
but comparatively few exceptions, how.
ever, the losses are only fractional. and
in some cases advances have been es-
tablished, notably in Chicago Gas, IL;
Toledo, Ann Arbor, 23s; Chicago d
Eastern Illinois 5, and Toledo 81 Ohio
Central 5 per cent, In the active list
Sugar recorded the heaviest decline, the
Common stock showing a loss OF 6 per
cent and the preferred "a. Rock Island
is he chief sufferer OF the granger
group, closing at a decline OF 23l per
cent. Burlington is down Il and
Northwest d. while st. Paul shows q
gain of Is. Dlstilling, which broke 4ss
to 9 Tuesday (this being the lowest
point ever touched by the sh ares), raj
lied in the subsequent dealings, and
now shows only a decline of "a. The
other important losses are: American
District Telegraph, 4: st. Paul q Du-
luth. 4; Long Island Traction u New
Jersey Central, 23s, and Colorado
Fuel 2.
The bond market was strong and
fairly active, and prices generally
moved upward, Seattle, Lake Shore d
Eastern lists advancing 2 per cent:
Oregon Navigation IS trust receipts.1%:
Toledo, Peoria IL Western lists, l5S: ST.
Paul, Dakota 4 Great Southern. IL: