St. Paul daily globe., 1895-09-20
FEVER SUBSIDING, PRICES AID
VANCING AND SPECULATION
HEAVY.
INDUsTRIALs A FEATURE.
LARGE VOLUME OF BUSINESS
AND GAINS ALL
AROUND.
EXCHANGE RATES ARE LOWER.
Drop of One-HaIf Per Cent in the
Posted Rates-BOnds of
Healthy Tone.

NEW YORK, Sept. 19.-The volume
of trading in stocks today was larger
by fully 100000 shares than that of
wednesday and the tone of the specu-
iatlon was less feVeriSh The course
OF prices also was more uniform Lon
don turned in weak for Americans.
but otherwise did not figure in this
market. The opening was firm, and
with the exception of temporary set
backs at II and II o'clock the tendency
OF prices was upward to the close. The
industrial shares were the feature of
the speculation, with Tobacco and Chi
cago Gas the leaders. The first named,
after an early decline of &c, became
quite buoyant, jumping 61s per cent
from the low point. The rise was stim-
ulated by purchases for both
accounts. on the settlement of the
ngnt between the American Tobacco
company and the powerful plug tobac-
co manufacturers whom t had an
tagonized by invading their depart
ment Of the bus. 1t closed So net
hlgher Chicago las was second in
point OF activity, and in the industrials,
net gain Of 23s per cent
Ine next most noteworthy movement
N this group was in Lead common,
which on moderate volume of bust
ness advanced IL on the announce.
ment OF the long-expected declaration
or a l per cent dividend. The pre-
lerred rose Sympathetically IL. In the
other industrials decided strength and
substantial gains were evidenced. The
coalers, while much less active than
the grangers were relatively more
noteworthy, as advances were recorded
IN them extending to 2A per cent in
New Jersey Central The other ad-
vances We're material, and were, as a
general speculation, apart from the
special influence noted, was most IA
Vorably affected by a drop of ~ per
cent In posted rates and generally in ac-
tuaI rates OF exchange, which were
announced this afternoon. 1t was in
ferred that other reductions would be
made which might initiate against aTy
large outflow of gold this week.
me trading in bonds was of COM
parative meager proportions, but the
issues received excellent support, and
as result Of the days operations re-
cora gains generally. the more impor-
tant being Reading firsts and Reading
provement consol IS and Peoples Gas,
OF Chlcago, consol IS, 1; and. Des
Moines & Fort Dodge firsts, IL per
cent. Declines were noted in Rock
Island debenture 5s and Peoria & East
ern Illinois Incomes of y per cent, and
Denver & R.o Grande As, Erie second
consols, stamped, New York Central
debenturee As and Toledo, Peoria &
western firsts, l per cent. The aggre-
gate sales were s., ,442, 0OO.
The total sales. of stocks today were
36S,5l6 shares, including American Su-
gar, 1900; American Tobacco, s.. 2.0OO;
Atchison, third assessment paid. 1896
Burlington, 15,i00; Chicago Gas, 81, 400; /;
Delaware & Hudson. 3,400; Distilling &c
Cattle. Co., 1900; Erie. $500: General
Electric, 1000; Louisville & Nasflyille
$500; Missouri Pacific, AGO; National
Lead, 500; Pacific. Mail, 6, 800; Reading,
3210O; Rock Island, $500; ST. Paul
$500; Southern Railway preferred.
bash preferred, $780,
The following table shows the fiuc-
tuations of the leading railway and
industrial stocks yesterday: