St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-14
FINANCIAL.
New York.

NEW YORK, April 13.-The stock
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 Vanderbilts
were in good demand, notably Lake
Shore, which sold up 3a4 per cent with
final reaction of 1 per cent. New
YORK Central rose l per cent, closing
at the highest price touched; Canada
Southern, rs, with a final loss of "a
and Michigan Central T. The Leather
shares were especially strong, the pre-
ferred advancing per cent, and the
common u. Other advances on the day
are the grangers 1a@ss per cent; To-
bacco rs; Cotton Oil 1: Edison Electric
of New York 1B Hooking Valley is
down Is per cent: Baltimore & Ohio
n; and a few other stocks a smaller
fraction. The market closed in good
tone.
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 cent, the latter Delaware &
Hudson on sales for the liquidation
of an estate materially assisting the
retrograde movement. The announce
ment of a reduction in the rate of
dividends on New Jersey Central had
| an effect other than expected and a
rally was made from 915s to 949s, the
| rise being due in part to covering for
| the short account. The unfavorabIe
| character of the Burlington annual
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 a factor in the weeks trad
| ing. Sugar suffered in unison with the
rest of the list early in the week, but
subsequently jumped from 9924 to 1035s,
retaining all but 3s 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 1856; 142A, and 52as
respectively, the figures being the best
| recorded thus far this year.
The improvement was due to the
| progress made toward stopping the
cutting of rates by the Trunk lines.
| The decision of the management of
Chicago Gas to make the dividend on
| the stock per cent per annum, and the
repeal of the Ogden Gas charter caused
| active buying and q rise from 702s to
70. On realizing sales the stock fell
shares We're exceptionally strong, the
| common advancing from 11A to 14h.
and the preferred from SO to IS. The
sales for the week aggregated Col ,455
shares, and 124 stocks We're dealt in
The changes in prices are mostly in
the direction of higher values, gains
being made in Consolidated Gas of 9
per cent; Canada Southern, "a; New
Shore. Linseed Oil, 81; Michigan Cen
| trail, as; metropolitan Traction, 4ss
and Starch second preferred, per
cent. Some few declines were recorded
notably Baltimore & Ohio, 2s4 per cent
| and Delaware e Hudson pa per cent
The bold speculation today was ami,
| mated and buoyant for the speculative
| issues, the total sales being s., 628. 900
During the week the bond market was
| In the main strong, the dealing being
| chiefly in the speculative issues The
sales aggregated SS,406, 0O0, in which
~ bonds figured. Prominent in the
advances made are: Cedar Falls q
Minnesota firsts, 10 per cent; Norfolk
! & Western, New River division firsts,
| o; Northern Illinois firstS, s. Northern
Pacific IS, 3; Northern Pacific Consols
5s, 3A, and Northern Pacific Trust re-
| ceipts, S12. The only notable decline
was 10 per cent, in Fulton Elevated So.
Governments were quiet, with no
material changes in prices The ag-
| gregate sales were S347 0o0 States were
| fairly firm, the total sales being s1S7. :
| GOO. 80
| Silver certificates were dealt in to
| the extent of $4,000, at prices ranging
| from 661a to S.
| The total sales of stocks today were
! 11,041 shares, including: American
| Sugar, $500; American Tobacco, 5000;
! AtchiSon. 2, ZOO; Canada Southern. $500:
| chicago Gas, 2,9sO; D. c. E. Certificates,
| 210O; General Electric, 400; Lake
| Shore, $500; Manhattan Consolidated,
| $500; New York Central, 1900: North
| American, 1890; Rhode Island $500:
| St. Paul. 5000; Silver Certificates, 10,
| 600; Texas Pacific, 1900; United States
Leather, $780,
Duluth and Superior Grain.
| DULUTH, Mimi, April. 13.-FolIow-
ing We're the closing prices:
| No. ] hard, cash, 6OAc; April. 6O24c