St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-20
ALL CLIMB UPWARD /.
General Movement of Stocks
on Change That Is Most
Encouraging.
A RENEWAL OF CONFIDENCE
Indicated, and q Belief That
the Corn Crop Is Not
2 a Failure.
A RENEWAL OF CONFIDENCE
BETTER CROP OUTLOOK
Made Wheat and Corn Weak
and LoWer--Provisions
Decline.

prices on the stock exchange today was
with one or two unimportant exceptions
toward higher Values, and the market
closed strong at or near the best figures
touched. The causes which led to this
upward movement were the strength of
American securities OH the London
stock exchange, good buying by the
arbitrage apd, perhaps, chief of all,
the confidence impaired to the street
by the declaration of the regular div
idend in Burlington & Quincy. The
action Of the Burlington directors has
been taken to mean that they believe in
an Immediate revival of business, and
that they do not believe that the
corn crop has Deen annihilated Tho
covering Of short contracts was steady
and the bidding for the long account
strong, and there was very little evil
denee OF desire among the traders to
get out Of the market over Sunday eX-
cept on the part of the shorts There
was good purchasing for rise beyond
the mere advance Of day. and the
trading was quite confidential at the
close when compared with yesterdays
final figures. The gains were: Great
Northern preferred. ~; American
Tobacco, common and preferred, rs;
c. C. & st. Louis, 20. Western Union
unchanged on the day, having gained
and lost g.
The movement during tie early part
OF the week was erratic and the specu-
latlQn somewhat unsettled. but the
trading improved when the weeks sinh.
stantial appreciation In values had
been established. the more material
gains being: American Tobacco, N;
do preferred, 5; General Electric, 5h
Sugar. 4; Edison Electric of New York,
5: Chicago Gas, "a; Cotton Oil, pfd.
e.; Distilling. IA; Burlington &
Quincy, 655s; st. Paul, so; do pfd, u;
Rock Island, As; Northwestern. so;
st. Paul & Omaha, 25s; do preferred, 2;
toba, 81: St; Paul e Duluth,
5; do common, Q; Norfolk & West
ern preferred. 4ss; Louisville &
Nashville. 236; Union Pacific. ~; Mis-
souri, Pacific, 4; Lake Erie & Western
preferred. so; New York.. Chicago &
ST. Louis preferred, 81; c. c. C. & st.
Louis and Northern Pacific preferred,
315: Southern Pacific ana New England
certificates, second lnstallment paid, 8:
Pittsburg & Western preferred, s.;
Canadian Pacific. 5; Pittsburg. C. c. d
I st. Louis, 519; Illinois Central, 7X;
Great Northern preferred, Lake Shore
. and Iowa Central preferred, 215; New
York Central, Peoria, Decatur and
Evansville, Richmond Terminal pre-
. do preferred, 25s; Atchison, 27S. and
Michigan Central, Connecticut South
/ ern, Toledo, Ann ArbOr and United Pa
cific, Denver & Gulf, 2 per cent. Rail-
way and miscellaneous bond market
was strong and active today, the trans
actions aggregating S1.92S.009, and
prices, except in few unimportant in
stances, moved upward.
The principal gains we're: Richmond
d Danville stamped IS, AZ per cent:
Oregon Navigation IS, first receipts,
81; Southern railway IS, when issued,
3; b. d o. firsts, incomes, series B, and
Kansas Pacific consols. 21a. and Oregon
Short Line collateral firSts, 9.
Northern Pacific collateral firsts notes
sold at &c. against 81 the last sale. On
the week prices generally show an inn
provement, the chief advances being:
Minnesota & st. Louis equipment Is, 9
per cent; Ohio Southern Is, Georgia
Pacific second consol IS. first receipts.
anu Oregon Navigation IS, 8; do first
receipts, 61a; Peoria, Decatur & Evans
Vile firsts, z; do seconds, 8; Louisville,
New Albany consOls, 61a; Southern
railway IS. when issued, and Hook
Ing Valley IS, o.; DO IS, 4:
Colorado Midland As and Erie second
consols, AZ; do firsts receipts. 35s;
Richmond & Danvillh stamped IS. AZ;
"nIN doh doh n,,ft cnrin
Louisville d Nashville IS. 4; do South.
ern & Northern Alabama guaranteed
IS, 5: do Nashville, Florida & Sheffield
fists, AZ; Denver & Rio Grande Is, 80;
Wisconsin Central firsts, St. Louis 81
San Francisco general Is. /; Reading
frsts preferred. and Atlantic & Pacific
Is, 80; Union Elevated firsts, and
Richmond Terminal stamped 6s, so;
Rio Grande Western firsts, and Atchi-
son seconds. 21s: Peoria & Eastern
firsts, Southern Pacific of California
flrsts, Tennessee Coal and Iron, Bir
mingham division tirsts, and Union Pa
cific, Denver & Gulf firsts, 8.
Declines - Toledo. Ann Arbor and
Cadillac firsts, ~; Northern Pacific
collateral notes, ~; Utah Southern is,
Oregon Navigation collateral firsts, 4,
and New York and New England lien
6s, AZ.
The Total Sales of stock
today were 163,O57 shares, including:
American Tobacco. 1900; Atehison,
5, 200; American Sugar, SO, 800; Burting.
ton. 1900; Chicago Gas, $500; c., c.,
G. & St. Louis. $500; Distillers. $4,000;
General Electric, $4,000; Louisville &
Nashville, 4,7OO: Missouri Pacific, 1900;
National Lead, $500; Reading. 2,7OO;
kock Island, $500: ST. Paul, 1880;
Texas Pacific, $500; Western Union,
6,40O.
Stock Market-CIosing.
Atchison ..... 67sINorthern Pacific. Az
Alton & Terre H. 80 Y. P, ID. L Gulf. SIS