St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-09
FINANCIAL.
New York.

NEW YORK. June S.-A fairly active
and generally strong market was that
Of today on the stock exchange. despite
the fact that the tone Of speculation
was decidedly weak at the opening and
rather easy at the close. Neither was
it until after midday that the upward
movement gained force, for the opea-
ing was heavy and lower. and the trad
ing up to noon was without decided
character. After IL o'clock the tenn
per of speculation underwent change,
good buying movement was inaugu-
rated and prices moved steadily up
ward. A leading factor in the improve
ment was the advance in the grain mar
ket, and there were special favorable
influences affecting individual stocks.
In the late dealings the market weak
ened slightly on realizing sales and
closed easier, with most Of the active
shares higher than at the close yester-
day. Sugar was notable exception.
opening per cent lower at 1867, reced-
ing an additional II. recovering a. re-
ceding II rallying lss. declining ~ to
104I, and closing within q of the low
est of the day, at decline of q from
yesterday. After an early decline of
q Chicago Gas was forced up III on
clique buying, with late reaction of
per cent ana final recovery Of a, max
ing net gain of per cent.
Washington advices reflected feel.
ing OF uncertainty as to whether the
whisky tax would remain at Sl.10, and
the stock was sold down from &c Il to
251s, with recovery to 25X. ST. Paul
led the railway list in point Of activity
tluctuating within = limit of e per
cent and making a gain of e. The
other grangers were not prominent in
the dealings, but show an advance of Is
2. Oregon Railway and Navigation de-
clined 51a,New York s. Chicago and st.
Louis first preferred 2.
The other changes are fractional, and
Atchison, Western Union and National
Lead stand unchanged. The railway
and miscellaneous bond market was
fairly steady during the morning, but
became irregular in the afternoon, and
closed unsettled. The principal changes
are:
Advances. Iron Mountain SIS, ~; st.
Paul q Sioux City firsts, l.
Declines, Burlington. Iowa division
rs, 2: Oregon Short Line SIS. ~; do
Navigation SIS, l II; Kansas Pacific con-
oOio biOhO PCl SVHts dhu SUBSEQUENTLY
recovered ~ of the loss. Union Pacific
6's of '99 sold at 1917. against Ill April
18th; do collateral trust 6's sold at so,
az ainst 90 April IA.
The Evening Post says: Decidedly
the most important financial incident
to-day was the grain markets advance.
This movement continued at a rapid
pace today, the advance over the recent
low level having already surpassed the
close of March, whose influence on rail-
way securities was striking. II is al
together probable that the market for
securities will, for time at least, be
governed by the course of grain. The
Influence Of the recent declines in COM
mercial prices has been none the less
certain on securities because it has not
been always brought forward as fac
tor, and of all these commercial move
ments. the decline in wheat has been
the foremost influence.
The Total Sales or Stoke
today were 10000 shares, including:
American Sugar. 63, 700; Burlington,
$500; Chicago Gas. $4,000; Distiiling
and Cattle Feeding. 1900; General
Electric, 5000; Missouri Pacific, 1880:
National Lead, $500; Northern Pacific
preferred. 5000; Rock Island, 5000;
st. Paul, 1880.