St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-15
FINANCIAL.
New York.

market opened quiet and generally
firm and gradually gained strength
and activity to a moderate degree
the upward tendency continuing to the
close, except that in the late dealings
some few shares made a partial re-
action. There were a few unimportant
exceptions to the advancing move
ment, but the great majority of the
stocks traded in show gains on the
days transactions. The VanderbiIts
were in good demand, notably Lake
Shore, which sold up 3% per cent with a
final reaction of 1 per cent. New
York Central rose 1 per cent, closing
at the highest price touched; Canada
Southern, rs, with a final loss of "a
and Michigan Central q. The Leather
shares were especially strong, the pre-
ferred advancing per cent, and the
common ". Other advances on the day
are the grangers Kos per cent To-
bacco Is; Cotton Oil /; Edison Electric
of New York 49,, Hooking Valley is
down Is per cent; Baltimore & Ohio
e.; and few other stocks a smaller
fraction. The market closed in good
tone. 80 y
During the week the speculation
was less active than for several weeks
preceding. At the opening there was
a renewal of aggressive tactics by the
bear operators directed chiefly against
the coal shares. The drive against
this group was induced by the delay
in effecting a settlement of the ex-
listing differences in the anthracite
coal district, rumors of a reduction
in the dividend rate on New Jersey
Central and reports of an impending
hitch in the proceedings which were
confirmed later in the week. The
reaction in the coalers ranged up to-
AS per eent,szthe latter Delaware Si&
Hudson on sales for the liquidation
of an, estate materially assisting the
retrograde movement. The announce
ment of reduction in the rate Of
dividends on New Jersey Central had
an effect other than expected and a
rally was made from 915s to 945s, the
rise being due in part to covering for
the short account. The unfaVorahfe
character of the Burlington:nannaa
statement, coupled with reports of "a
like tenor for shorter, periods of other
prominent roads, aided materially in
depressing values. London was not
much of factor in the weeks trad
ing. Sugar suffered in unison with the
rest of the list early in the week, but
subsequently jumped from 1894 to 1O35s,
retaining all but as per cent of the
advance. The buying was largely to
cover short contracts. The Wander
bilt stocks displayed considerable
animation and moved upward. Mich
igan Central, Lake Shore and Canada
Southern touched 9S5s; 142A4, and 529s
respectively, the figures being the best
recorded thus, far this year.
The Improvement was due to the
cutting of rates by the Trunk lines,
The decision of the management of
|. Chicago Gas to make the dividend on
the stock D per cent per annum, and the
repeal Of the Ogden Gas charter caused
active buying and a rise from 70ss to
~. On realizing sales the stock fell
to TVS, closing at ". The Leather
SHARES We're exceptionally strong. the
common advancing from IFS to 141S
and the preferred from So to 49, The
sales for the week aggregated 651, 455
shares, and 124 stocks were dealt in.
The changes in prices are mostly in
the direction of higher values, gains
being made in Consolidated Gas of Q
York. Central, 21a; Tobacco, 2%; Lake
Shore, Linseed Oil, 81 Michigan Cen
trail, as; metropolitan Traction, 43s.
and Starch second preferred, per
SSlIls OOiilc lew uSCllQ6S were r0cOr6t~.!
notably Baltimore & Ohio 2A per cent
and Delaware & Hudson 2H per cent
The bold speculation today was ami,
mated and buoyant for the speculative
issues, the total sales being 81. 628. 600
During the week the bond market was
IN the main strong, the dealing being
/ chiefly in the speculative issues. The
sales aggregated sS,406, 600, in which
~ bonds figured. Prominent in the
advances made are: Cedar Falls &,
Minnesota firsts, 10 per cent; Norfolk
d Western, New River division firsts
.; Northern Illinois firsts, 5; Northern
Pacific IS, 3; Northern Pacific Consols
5s, "a, and Northern Pacific Trust re-
celpts, 81. The only notable decline
was 10 per cent, in Fulton Elevated IS
Governments were quiet, with no
material changes in prices. The .ag-
gregate sales were $S47, 000. States were
fairly firm, the total sales being sl& /
Silver certificates were dealt in IN
the extent of $4,000, at prices ranging
from 661k to g. 20
The total sales of stocks today were
11,O41 ahares, including: American q
Sugar, $500; American Tobacco, 5000.
Atchison, Zoo; Canada Southern. 2.30o,
chicago Gas, 1880; D. c.. F. Certificates I.
210O; General Electric, 4,4OO: Lake
Shore, $500; Manhattan ConsoIidateff
2,cO0; New York Central. 300: Norfb 4
American, 1900; Rhode Island ? 5aN.
ST. Paul, 5000; Silver Certificates III
600; Texas Pacific, 1900; United States
Leather, $500. 80