St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-11
FINANCIAL.
New York,

NEW YORK, April 10.-The share
speculation on the stock exchange to-
day was characterized by a firm tone.
but the volume of business was light
and the movement of prices was mar
row. The Vanderbilt stocks were again
in good buying and the upward move
ment therein was continued, two of the
group, Michigan Central and Canada
Southern. making a new high record
for the year. The reduction in the div
dend on Chicago Gas to l per cent was
offset by the semi-official statements
that hereafter semi-annual dividends of
212 per cent would be paid and that
the companies were earning more than
the dividend. There were heavy sup
porting orders in the stock in the early
trading which caused an advance of
per cent, but after the announcement
of the dividend, realizing sales and
some small selling for the short ac-
count resulted in a reaction of Il per
cent, with a final rally of Il. The pub
lication Of the Atchison reorganization
plan brought the stock into some ac-
tivity. Sales being made between 81
and 5iA the latter being the closing
price. The action of the directors in
indorsing the plan of reorganization
impaired firmness to the trade in the
shares. Sugar was bought in round
amounts by the room traders and ad-
vanced steadily, touching 1895 shortly
before the close, reacting 1a in the final
dealings, making the gain on the day
per cent. There was q, fairly good pur-
chasing movement in General Electric
Of ha
the reaching of an agreement with
the Westinghouse company. The stock
made an Improvement of q per cent.
Distillipg was sold. by an interest in
the reorga niZation, but was bought by
operators who have not been active in
the stock for some time and in the lat
ter transactions the room traders be-
came purchasers, with the result that
an advance Of q per cent was recorded,
on which hc was lost at the close.
North American was dealt in more
largely than usual at 5%GD6 closing
within * of the highest. The trading
in the stock was induced by a report
that the company had arranged its
finances OH a satisfactory basis.
In the final trading the general mar
ket was weak and reactions took place
but the closing figures were mostly
higher than yesterdays last quota
tions. Michigan Central was ~, Lake
Shore IA, Leather preferred IL, Louis
vile & New Albany, Consolidated Gas,
Sugar and Tobacco l, and c.. c. c. &
st. l.. e higher. Many of the leading
shares are unchanged on the day.
Trading in bonds was fairly animated
and higher prices were, the rule. The
sales aggregated 81 ,469 000 The more
prominent gains are: Minnesota & st.
Louis tirsts, Pacific jextension, and
Mutual Union sinking fund IS, 2 per
cent; Louisville & Nashville, New Or
leans & Mobile firsts, 11a; Rio Grande
Western firsts, 49, Chesapeake & Ohio.
r. & A. first consols IL, and Virginia
Midland generals stamped, 1 per cent
Declines: Baltimore e. Ohio SIS, ~
per cent. and Northern Pacific and
Montana firsts and Union Pacific gold
6s. l per cent. Fulton Elevated firsts
sold at 60 against rs on July 20
The total sales OF stocks today were
800 shares, including: American
Sugar "a, 100; American Tobacco, 4,3O0;
Atchison, 6.7G0; Burlington, 5000; Chi
cago Gas, $500; Distilling and Cattle
Feeding Certificates. 11.40O: General
Electric. 11,20O; New Jersey Central,
$500: North American company, 10. 800;
Northern Pacific preferred. 5000;
Reading. 800; st. Paul 1900; Silver
certificates. 10000: United States
Leather, 10000.