St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-26
FINANCIAL.
New Work.,

NEW YORK, March 25.-Tbe week
opened on the stock. exchange with an
active speculation aud streng tone to;
the dealings. Not since the upward
movement began was there such heavy
volume of business, and the foreign
houses were large buyers of the inter-
national stocks. the advance in AmerI-
can securities on the London stock PX-
change stimulating purchases in this
market. During the first quarter of an
hour nearly every stock traded in re-
corded an advance ranging from IS to 5
per cent. the latter Northern preferred.
The raid made on General Electric. IN
dnced by the denial of the reported
agreement between the Westinghouse
and General Electric companies, broke
that stock 2B per cent AMI depressed
the general market. Chicago Gas lost 2.
the selling in this stock being largely
due to the decision of court holding that
the Ogden charter could not be attacked
except in suit of the attorney general of
Illinois or the states attorney. The
other declines ranged from Is 10 II per
cent. the latter in New Jersey Central,
a.
The depression was of brief dura-
ton, and before IL O'Clock the market
was again on the upward turn, with
New Jersey Central, General Electric
and Reading i'll the lead, Speculation,
however, soon became irregular, but Oh
brisk buying OF Sugar for the account
Of an operator who had put out some
short-time calls at about the highest
figures. that stock rose IL above Satur-
days closing, and the market generally
recorded All Improvement. After MIDI
day a few stocks yielded fraction,
which was quickly recovered, and spec
ulatlon again became stronger. the
! Cordage shares being most prominent
In the trading, and approaching %@l
! per cent, with the guaranteed in the
van. About 1:30 O'Clock another reac-
| ton took place, which was succ eeded
! by a rally Starch seconds preferred
| jumped 3 10 20; Starch common, IL TO
| 612; LdckaWanna, "a. and the general
market traction. During the last half
hour speculation was somewhat irregu-
lar. but the market closed i'll fairly good
toue, wi Ii great majority of the
stocks dealt III above the closing figures
OF Saturday. The more important gains
are Manhattan, Peoria IL Eastern and
Starch, l per cent; Union Pacific and
|
preferred, rs: Cordage guaranteed,
81; Hooking Valley, ~; Hooking Val
ley preferred, 4; Sugar, Cotton Oil pre-
ferred and Baltimore Y Oho,1M; Cedar
Falls u Minnesota, 2, and Great North
ern preferred and Starch second pre-
ferrea.s5 per cent.
The only shares which declined more
than fraction are: Consolidated Gas,
Pittsburg IL Western preferred and
| Dis,illing Trust receipts, per cent,
and Long Island Traction, Ia. The
total sales of the day were heavier than
on any day for many months past.
lhe bond market during the morning
evinced considerable irregularitv, but
III the late session there was general
upward movement, the closing being at
about the best of the day. The sales
aggregated s.. 900, of which S4I2 600
were Atchison tours. S1S6,G00 Kansas q
Texas seconds. SlS0,000 Reading first
income, and 1871, OG0 Southern fives.
The more prominent advances are
| Chicago IL Erie firsts, 53s; Louisville Il
Nashville fours. AZ; COrdage firSts, 4;
Detroit, Mackinaw d Marquette Land
Grant, 315: Cedar Falls q Minnesot
firsts. 5; Iron Mountain firsts, 24.
Total Sales of Stocks
today were 335,5S1 shares, including:
American Sugar, 54,SOO; American To-
bacco, 1000; Burlington. 1900; Chi
cago Gas. 1900; Ii. V. Il r., $500:
Distilllng ANA Cattle Feeding, s, zoo: Dis
filling and Cattle Feeding certificates.
1900; General Electric, 1000: Louis
vile & Nashville, l6.l00: Missouri Pa
cific. 1880; New Jersey Central, Is, 100;
New York Central. 5000; New York 81
| New England, third assessment paid.
1900; Northwestern, 5000; Pacific Mail,
400: Heading, 5000; Rock Island 1000:
| ST. Paul, 1880; Southern. 1850;
Southern preferred, 400; Union Pa
cific. $500; Wabash preferred, 5000;
Western Union. 900; Wheeling &
Lake Eric, ZOO.