St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-06
FINANCIAL.
New York.

New YORK. April 5.-There was
strong undertone to the stock market all
day, which seemed to puzzle the profess
SIGNALS. At intervals bear raids we re
made, which met with such ready all
sorption OF the stocks offered for sale as
to quickly check the ardor of the shorts.
As the day advanced without the dis
coVery of any particular weak spots in
the market, there was considerable COW
erlng done, which materially assisted in
the appreciation of values which was
established, and which ranged from u
to "a in the active list, while Interior
Conduit rose 80. and Edison Elec-
trio ~
Sugar led in this advance and was one
OF the most active stocks in the trans
actions. The grangers we're among the
most firmly held stocks on the list, but,
except in the case of st. Paul. were not
largely traded in. At the close they
preferred; a do common; "a Rock ISL
and, Chicago. Burlington d Quincy, and
g for st. Paul. London was seller of
the latter stock at the opening, but
failed to depreSS 1t more than quarter.
The foreigners also sold small lots of
Louisville IL Nashville and Union Pa
clfic, but without any loss to those
Shares. Missouri Pacific was attacked
by the bears in the early dealings, yield
ing q. The decline brought i'll good
buyers who sent pric es up ~ with
final reaction of 4. DiStilling
broke l q during the first few minutes
OF business Oh report that decision
unfavOrable to the company would be
rendered in the quo warranto proceed
ings. When the low point was touched
the early bears became buyers and
there were some purchases for long
account which caused recovery IF ~,
followed in the late afternoon by a re.
action of q and final rally Of Is. Lake
Erie IL Western preferred made loss
on the day of Ia, and Consolidated Gas
and Denver II Rio Grande preferred
each l. Nearly all the other shares
traded in recorded gains, notably Bal
tnore Il Ohio, Wabash. ~, and st.
Louis Southwestern preferred, l. The
market at the close was generally firm
The bond market was firm in the early
dealings but after midday became easier.
In the late dealings, however, better
tone prevailed aid the close was quite
firm.
The principal changes of The day are:
AdvanceS-OregOn Navigation trust
5S, 5; Iron Mountain, Arkansas branch,
tirsts. 3; Louisville New Albany, 3;
Louisville New Albany tirstS. 2; Wa
bash debentures, series b, ~; do sec
ondS, ~; do Diet and Chicago extension
tirsts, l; Laclede Gas 5s, Ohio d. MiSsis-
Sippi coupon seconds and Richmond
Terminal trust receipts, Is, each X;
do 5s. Eas. Tennessee consul IS, do ex-
tended gold IS, Nashville d Chatta-
nOOga flrStS. Der cent
Declines-Erie seconds. AZ; Utah
Southern generals, 2; Hooking Valley
6s, IL; Cleveland Il Canton firstS.
Kansas Pacific consols, Minneapolis &
st. Louis Equipment Us, Northern Pa
cltic seconds, Northwest gold Is. Regis
tered and Ohio Southern tirsts. each
per cent; Toledo Il Aim ArbOr, Mount
Pleasant is sold al 81 against 62 March
10.
The Evening Post says: 1t was not
unintereSting to observe that the buy
ing of the stocks in quantity did not
begin until the wheat markets advance
had been resumed. Yet the lie drop in
wheat during the early hours ought, on
the simple "crOp damage" theory, to
have encouraged buying OF these stocks.
A few more such marked Instances will
show that the forces underlying the
present market are somewhat more eX-
tenSlve than room traders theory has
discerned. Taken as a whole the days
market, despite some irregularities,
showed decided strength.
The Total Sales Of Stocks
today aggregated 795. 700 shares. includ-
ing: American Sugar. 22,000; Burling-
ton. 5000; Chicago Gas. 12,000; Distill-
ing. $4,000; General Electric. 1850;
Missouri Pacific. $1,000; National Lead,
5000; B. w. u p. certificates, Sd asst
paid, 10,S00: st. l.. & S. W., 1900; st.
Paul. $4,000; Texas Pacific. 5000; Wa
bash, 10000: Western Union, $500.