St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-23
G. ERNST& CO
investment Bankers.
Dealers in Ffrst-Class
bonds, Bank stocks and
Commercial Papers.
Money TO Loan in Large Amounts.
-OFFICES-
Germania Bank Bldg, and Temple Court
st Paul. Minneapolis
INANCHaL
New York.

NEW YORK. Sept. 2?.-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 unimportant exceptions,
show an improvement ranging from 4
to2 per cent. In the late dealings spec
-ulati0n was most %bu0yant, and the mar
ket was firm, with the prices at or near
the highest point OF the day. The vol
uIne OF business was rather light, and
was chiefly in the Changers, Chicago
GAS, Sugar and Reading. st. Paul led
III the transactions, the buying i'll the
stock being remarkably good, and a
steady advance Of ! per cent to IS being
recorded, the closing being only
* below the highest. In view of
tile break yesterday in Rock
Island there was much interest evil
delced as to the course Of the stock
today, and perhaps some surprise at the
early advance of Is Ter cent. The
bears. however, were not disposed to
permit the rise to go uncllallenged. and
they made a drive in the stock in which
the entire Improvement was lost. The
reaction, however, brought out fresh
ohJ olaSASs ~ wv fiIlluCICN "
which a gain OF 70 was made, the last
being the best price of the day. Bur-
lington IL Quincy appreciated steadily
from the opening to the close, much of
the buying being for the Western ac-
count an dan advance. of q was estab-
lished. Northwest, too, on small
trading showed in the improvement
TO the extent of "a per cent.
A purchasing movement in Chicago
Gas, said to be promoted by a newly
formed bull pool. sent the stock up II
per cent. Ut which Is was lost in the
final trading OIL realization on profits.
Sugar was not in active demand, bal at
the same time there was no anxiety to
sell the stock aud the fluctuations were
confined Within a limit of "a per cent,
and a net gain Of e ptr cent wa
effected. Reports that the reOrgauiza-
ton plan for Reaching has been pracfi-
cally agreed upon by all interests,
induced moderate buying, with the re-
suit that the stock recorded an
advance OF "a 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.. IL W., each l per Cent. and
Louisville Il Nashville, Toledo, Ann
-Arhol and Rubber preferred. 81. =
III OuIy SbOCh WHICH " q UCClluC
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, II;
Toledo, Ann Arbor, 25s; Chicago IL
Eastern Illinois 5, aud Toledo IL Ohio
Central 5 per cent, In the active list
Sugar recorded the heaviest decline, the
mn stock showing a loss OF & per
cent and the preferred II. Rock Island
is the chief sufferer or the granger
group, closing at Il decline OF 90 per
cent. Burlington is down a and
Northwest =. while st. Paul shows a
gain vi Is. Dlstilling, which broke AK
to 9 Tuesday (this being the lowest
point ever touched by the shares), raj
lied in the subsequent dealings, and
now shows only a decline of 254. The
other Important losses are: American
District Telegraph. 4: ST. Paul u Du-
-lnth. 6; Long Island Traction IL New
Jersey Central, 25s. and Colorado
Euel 2.
luC DOnO lldthSt was SlIUIlR anu
fairly active, and prices generally
moved upward. Seattle, Lake Shore Il
Eastern lists advancing 2 per cent;
Oregon Navigation 5s trust receipts, tx;
Toledo. Peoria & Western lists. l%; st.
Paul, Dakota IL Great Southern, ~;
Reading second preferences, "a: Louis
vile u Nashville. Pensacola Il Atlanta
lists. Louisville, n. A. consols and
Rochester 4 PittsUurg lists, l.
Observation-Disclosures sinking fund 6s
and Western Union debenture Is of rs.
l per cent.
On the week the changes are nearly
all III the direction of higher figures, the
only notable exception being Brooklyn
2ds. which are uowh 4 per cent. The
chief advances are: Minneapolis & st.
Louis firsts. Southwestern extension. 9
per cent; Louisville u Nashville. South
ern & Northern, Alabama cOnsOl guar
anteed IS, 4; Pensacola Il Atlanta ~tirsts,
81; New Orleans and Mobile firsts. 8;
Toledo, Peoria Il Western firsts. 3sS;
New England g., 81; Syracuse. Bing-
hamt0m u New York tirSts. 8; Alton Il
Terre Haute dividend bonds, Reading
th'sd convertibles ami st. Paul consols.
n
The Total Snles of Stocks
TODAY were 4y.9;t shares. i%ncludiur.