St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-18
SUGAR LOOKING Up.
BULLS SCARE THE SHORTS AND
START A SHARP AD-
VANCE.
BETTER TONE TO TRADING.
HIGHER PRICES TOUCHED THAN
ON THE PREVIOUS
DAY.
THE CLOSE STEADY TO FIRM.
Strong Decline in Great Northern
PFeferred-Bonds Holding
Their Own.
BETTER TONE TO TRADING.

NEW YORK, July 1.-THE trend of
prices on the stock exchange tetiay
was upward. The bulk OF the tra1isac-
tons was in the inGGStrialS, which
dominated the market. The foreign
trading was light Sugar led III the
transactions anu there was heavy buy
tng in this stock by bull clique, which
frightened the shorts ana caused {.
sharp advance in the shares. = scar
city OF Leather preferred certificates
was factor in the covering movement
IN the stock. Tobacco and Distilling
moved up in sympathy with their sister
stocks. IL the railroad group St. Paul
and Burlington showed most activity
the rest OF this list being compares
lively neglected. Speculation generally
opened dull, but soon became strong,
ana advanced I. z3%s per cent, Lea Their
preferred, Tobacco. Sugar, Chicago
Gas, Lake Shore and Tennessee Coal
leading. Before II O'clock realizing
sales had brought about a reaction
ranging up to IA per cent, III which
the same stoc!-s were most prominent.
The downward movement was checked
before midday and prices advanced
during the first two hours Of the after
noon, the gains reaching up to 2ll per
cent, with Tennessee Coal, Chicago
Gas, Sugar, NinneaDOli & ST Louis
second preferred, Tobacco, Lake Erie
&Western, New Jersey Central Leath-
er preferred. General Electric and Cot
orado Fuel in the van. Around de-
livery hour there were realizing sales
which broke Leather preferred 212, To-
bacco !, and other shares a fraction
but some of the specialtier made sharp
declines, including Great Northern pre-
ferred. and Starch first preferred per
cent, and Evansville & TeTre Haute.
4 per cent. In the final sales there was
a rally in the general list and the
market closed steady TO firm. The fol-
lowing stocks We're notably higher
than at yesterdays closing: Sugar
and Tennessee Coal, 37k: Chicago Gas,
Is: Lake Shore and Minnesota g St
Louis second preferred H.: Lake Eric
& Western preferred and New jersey
Central, Ia, and Tobacco, Colorado
Fuel and Illinois Steel. / per cent.
Consolidated Gas is down IL per cent.
and few other shares a small frac-
ton.
Trading in bonds continues light. but
values are we'll maintained. The sales
today We're s.. $50 coo Pitteh,1ra. Shen-
andoah and Lake Erie fiji It rose ~
per cent; New York. New Haven and
Hartford dehenture IS small bonds, 5:
St. Paul, NJ. & NJ. 3. 3; do Southern
Minnesota lists. ]: Detroit Monroe &
Toledo lists. >; Toledo. ST. Louis &.
Kansas City first trust receipts. IL:
Oregon Short Line c0nsol IS trust re-
ceipts. IL. and Richmond E. Danville
- 's''' i''7''' I'D tit' LANE
Shore & Eastern LIST trust receipts. and
St. Paul, NJ. e NJ. Montana Central
6s. ! per cent. Richmond & Danville
equipment Teceded per cent. Savan-
nah & Western first trust receipts,
Eordage first and Virginia Midland
Stamped. . and Utah Southern gen
erals, l Per cent.
TOTAL SALES OF STOCKS
today We're $50, $3.50 shares. Including:
American Sugar, 5S.700; American To
bacco, 1920; Atchison. 400; Burning
ton. 1880; Chicago Gas, 40 500: Dist4l-
Ing. 1863: General Electric, 300;
Reading. 400; Rock Island, 800; ST.
Paul, 5000; Tennessee Coal 6. Iron,
1890; Y. s. Leather preferred, y. 700;
Wheeling & Lake Erie. 5000.