St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-26
FINA NCiAL.
New York.

NEW YORK, May 25.-This was bull
day on the stock exchange. and the re-
suit Of the days transact ons, with but
few exceptions. shows an advance in
prices compared with the final sales of
yesterday ranging from a to ~ per
cent. Chief among the influences
which brought about the appreciation
in values were the agreement To retain
rates entered into by the railroad NAH
ayers at Chicago, the easier tone of the
sterling exchange market and the con-
sequent cessation of gold exports. The
covering movement by the shorts was
quite prom ,unced in Sugar, the gran
gers, Chicago Gas, General Electric,
Missouri Pacific and New York Central.
London account i'll st. Paul and New
York Central, while Boston houses
bought Burlington Il Quincy aud the
few insiders were purchasers OF West
ern Union. The fluctuations III Sugar
were very frequent, the outside ranges
being 9S@102T. AFTER an opening rise
of ID a decline of ID was made, followed
by an advance of 35$s. decline of 25s,
an Improvement of 81 and final re-
action of q, leaving ii gain on the day
M A very confident tone character.
lied the trading in these shares, the
buying credited mainly 10 the old Sugar
pool, which acts as if it were certain the
tariff bill will go through as amended in
the sena,e. OF the grangers. St. Paul
and Burlington & Quincy were in
most demand, aud considerable blocks
were taken for the long account in be-
lief that increased earnings would re-
suit from the settlement of the rate
question. Chicago Gas reacted
"a in the early dealings.
rose rs, and then on sales to realize
profits on Boston account the stock
broke rs. The lower rate of values
brought Ill good buying ORDERS and sup
port was received from the West. which
caused a steady advance of 20, the C los
ing sale being at the highest point
touched and l5S above yesterdays final
quotation. The general market opened
fair, and during the first hour the trend
Of prices was upward. Then came a
fractional reaction. after which the
speculation was fairly steady until
ABOUT II 80, when National Cordage pre-
ferred broke ~ per cent and Buffalo.
Rochester & PlttsDurg ~, neither o
which stocks made any subsequent re-
covery. Before noon the market
had again taken an upward
turn, with United States Cordage
in the lead, but a reaction soon took
place, which was, however, but slight
and OF brief duration, and during the
rest of the afternoon the trading was
strong in tone, win only an occasional
slight reaction. the closing prices being
at or near the best of the day. Ad-
vances were established of per cent
in United States Cordage; III III b. %
o.: 1% III st. Peul: 1$s IN Rock Island !;
"a i'll Northwest and Burlington; ~ in
General Electric; II in Missouri Pa
cific and St. Paul u Omaha, and l per
cent in Western Union, tobacco aud
Louisville Il Nashville.
The bond market was firm in tone all
day, United States Cordage firsts being
the feature of the dealiugs. Opening
unchanged at Is, they broke to 7U,rallied
to IL, and closed at Is. The other lead
ing changes were: Advances-Louis-
Chesapeake & Ohio, purchasing money
funding Is, IL; Syracuse, Binghamton
d. New York flrsts and American dock
lives. each "a; Chicago e Eastern IL
linois tirsts and Aichison As, each Is !;
Austin d Northwestern IS, Edison IL
Illuminating firsts. Oregon Short Line Us
and ST. Paul T. u ID. Us, each l per cent.
Decllnes-Louisville IL Nashville. st.
Louis division seconds, SIC; Toledo
Ann ArbOr firsts, 8; Missouri Pacific
consols Is, u; Mexican international
tirsts and Pi.lsburg q Western Is, each
l per cent. Proctor d Gamble trsls sold
at ll6 against Ito on Feb. -.
The Evening Post says: The only
market move made today with any pre-
tensions at common sense was in the
granger stocks. Advices from Chicago
reported the Western railway presi-
dents as having nearly QunIlcated the
"gentlemen's agreement" of 1889. This
may possibly be. though the economic
results of that much advertised ev ent
were never anything tremendous. |
The Total Sales OF stocks
today were 2s5,S07 shares, including:
Atchison, 6,60U; American Sugar.9S, S65;
Burlington, 1u.7OO: Chicago Gas, 40, 4U5;
Dlstilling and Cattle Feed e. 700 ;General
Electric. LOGO; Missouri Pacific, 1880;
New York Central, $500; Northern Pa
citic preferred, $500; kock Island, 8, 400:
st. Paul, 46.SOO; W estern Cuion. IL, TO.
SMycuaFI. NOR.N JAMEs non AIN