St. Paul daily globe., 1894-07-17
FINANCIAL.
New York.

NEW YORK. July 16.-The week in
Wall street opened With firm tone to
speculation and all active and we'll
distributed business. During the first
half hour Lead preferred had advanced
IA; Sugar. 13s; Denver & Rio Grande
preferred, II; Delaware, Lackawauna
q Western, l, and the rest of the shares
traded in, 49M. Distilling was weak
on Washington advices stating that the
understanding now is that the spirits
tax will be only 81 and the bonded
period six years. This news brought
out some long stock. but the bulk of the
sales were tor the short account, and
quite considerable lot of stock
changed hands, causing a break of ~
TO q.
Before II o'clock the market had re-
covered its tone, and a higher range of
values was established, Canadian Pa
citic advancing ~, and Lackawanna
and Louisville u Nashville u. Mime
apoIis " st. Louis advanced l, and the
general list 15@15, except st. Paul pre-
ferred, which rtceded 5S. From IL
o'clock until 1880 the market was a
rising one. Burlington & Quincy came
into good request and sold up 1I. to
1873. on the covering of short contracts,
largely on Boston orders. Tobacco rose
Il4i NiiiCu1O Nfto IS, anu DiSlblHS anu
Missouri Pacific ID. Among the spe-
ciaties Des Moines & Fort Dodge
made a gain of 2, Manhattan Gonsolt-
dated ~ and LacIede Gas preferred "a.
Towards noon Minneapolis IL ST.
Louis preferred broke per cent to Is
on renewal of the reports that the
plan of reorganization will include
stock assessment Sugar. which had
been moving irregularly. again came
into brisk demand on reports that the
senate schedule had been agreed to so
far as it affects sugar in conference
with the house. The purchasing move
nlent resulted In an advance to 102, be.
ing gain of 21s from the closing figures
of Saturday. A general improvement
was III progress until 1:30, when the ad-
vance was checked by selling move
ment iii Chicago Gas and Sugar. which
sent these shares and one or two others
down fraction. A partial re-
covery followed. but by o'clock
the market was again moving
downward. and before the declining
tendency was checked. Sugar had re-
acted ~; Louisville. New Albany, ~:
Wisconsin Central 254, and the rest of
the list 4 to l. the latter Tobacco. Dur
ing the last fifteen minutes the trading
assumed firmer tone, Louisville, New
Albany and Consolidated Gas appreci-
ating per cent, add the general list a
fraction, the market closing steady to
firm with prices in the main higher than
Saturdays final sales.
Burlington & Quincy, East Tennessee
and Consolidated Gas each show an ad-
vance or per cent, Minneapolis d st.
Louis "; Lead preferred. "a; Sugar
and Canadian Pacific, IL, and Des
Moines and Fort Dodge preferred 2.
Some few shares show decline, notably
Wisconsin Central. 2%; DistiIling, 2si,
and Minneapolis & st. Louis preferred,I /.
The railway and miscellaneous bond
market was strong on limited volume
of business. The principal changes iE
prices on the days trading are:
Advances Pacific, Denver q
Gulf firsts and Oregon Short Line con-
sol 5s. 215; st. Paul, c. q M. rs, 2I:
Chicago Gas, Louisville, New Albany
consols and Northern Pacific seconds,
2; do thirds, Kansas & Texas 4s, l per
cent.
Declines-Northern Pacific terminal
firsts, 3; Little Rock & Memphis firsts.
~, and l.. & n. unified 4s, l per cent.
The Evening Posts London cablegram:
There was a slight improvements in
stocks today, led by American rails and
South American stocks. The quite ami.
mated buying was of the very best class,
and. provided the tariff bill does not en-
counter hitch, genuine rise, it is
thought, has probably commenced.
Stocks were scarce and finished at the
best. Gold is wanted for Germany and
France.
The Evening Post says: Aside from
the obvious return of cheerful feeling
i'll the railway centers, today'S chief im-
pulse to market prices lay in the near
approach or tariff settlement Taken
as whole, the markets. movement,
though irregular and not at all over
confident, was very favorable. There
was some selling 10 take profits shorty
before the close. on which prices lost