St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-05
FINANCIAL.
New York.

only three millions in gold has been
engaged for shipments to Europe by
tomorrOw'S steamers. 100000 Ut which
goes from Boston, was regarded as
favorable indication by the speculative
approaching settlement Of the tariff
question was accepted as another bull
point. These Influences for good out
weighed the depression which was car.
ried over from yesterday. AS result
OF the difficulties which beset the reOr-
ganization proceedings now in progress
in the several insOlvent railroad cor
porations the traders were mostly buy
ers, and London was small purchaser
of the arbitrage specialties, chiefly st.
Paul aud Louisville Il Nashville. 1t
was therefore with good tone. that The
speculation opened. National Lead was
in particularly good request and
opened ~ per cent higher. and then
declined 49,. The movement was.due
to operations of the pool recently
formed in the stock. Sugar opened
q higher and also took drop of TX.
The general market had advanced only
a fraction when the decline in Sugar
and Lead caused partial reaction. and
during the first hour the trading was
irregular, the market becoming steady
toward II o'clock. During the next
hour the buyers were more numerous
than the sellers. and prices moved
upward under the leadership of Lead
and the other industriais. the railway
list not being prominent in the i'm
provement. After midday New
England, which had been neglected
during the morning. broke per cent Oh
free offerings OF sales, said to be fur the
Boston account. The rest of the mar
ket was but slightly affected by this
demonstration. and before l O'clock a
strong buying movement was devel-
general advance in speculation, con-
tinuing firm. but in light volume, until
little before o'clock. when drive
was made in Sugar, sending that
stock down and carrying the other in
dustrials with it. The railway list re-
acted. but very slightly. The decline
in Sugar was speedily recovered. land In
the latter dealings the stock touched the
high point. 1925. per cent above the
lowest of the morning. Subsequently a
reaction OF 81 took place. with final
rally of ~ on the day. the preferred
rose %. The general market was we'll
held in the late dealings and closed
firm, and 1s@23S per cent above the
final quotations of yesterday, the latter
Laclede Gas preferred. Tobacco pre-
ferred closed / per cent above yes
terday's closing. Exceptions to the
cific, which shows loss of 1L;C. C. C..
& St ouie II ppr rent lncs
The bond market was rather heavy
during the day, the principal changes in
prices being: Declines = ST. Paul,
Minneapolis & Manitoba. Montana ex-
tension As. 2A per cent; Oregon Navi-
CATION collateral trust S., 2; Oregon
Short Line cOns0ls IS. TX. ~
Advances = Peoria & Pekin Union
seconds, n; ST. Paul & Omaha consols,
Mobile & Ohio 4s, l per cent.
In its review of the money market to-
day the Evening Post says: The most
important feature of news was the real
indication that the federal senate was
waking up to action. The senate has,
to be sure, stirred in its slumbers sew
and drop asleep again. But the feeling
was pretty strong today that two or
three rude shakes lately administered
by organized public opinion would put
an end to these performances. and Wall
street is not far wrong in reckoning that
if any industrial improvement is to
come this season it will follow agree
ment on theimport duties.
The Total Sales Of Stocks u
to-day were 1SS,5o0 shares. including:
Atchison, 4,700; American Sugar, 81.
500: Burlington, 10000; Chiaeo Gas,
1900; Disabling and Cattle Feeding.
1860; General Electric, $500; Missouri
Pacific. 4,400; National Lead, common.
1890; New York s. New New England.
$500; Reading, $500; Rock Island.
2.sO0; st. Paul, $500; Union Pacific,
$500.