St. Paul daily globe., 1895-06-25
AN UNUSUALLY HEAVY DEMAND
GAVE THE STOCK A SHARP
ADVANCE.
IRON AND STEEL BOOMING.
sToek OF THE BIG COMPANIES
SELLS BRISKLY IN VIEW OF
THE OUTLOOK.
yauEEzING THE NEW ENGLAND.
Vanderbilt-New Haven Combirala-
ti0n Evidently Securing All
c the shares Possible.

NEW YORK, June 2A-As a result
Of todays transactions cn the stock
exchange share values have ap-
preciated very generally, the advances
ranging up 3% per cent, with New
England in the lead. The rise in this
stock was due to the squeeze. 1t is
understood that some Of the minority
stockholders went short on the stocks
some time ago. and the recent pur-
chaSes to secure control of the COM
pany, in the interest Of the New
HaVen-N Vanderbilt combination, took
large amount of the shares out of the
street, with the result of creating a
scarcity of the stock Reports touch
ing on this deal were i'll circulation
today and the shorts attempted to
cover. The efforts to close out their
contracts disclosed a small conner and
they were forced to buy at constantly
increasing figures, the last sale being
at 5lA and oi1R, bid at the close. 1t
was field day in Sugar, the trading
III which was very heavy and the
fluctuations wide. The trading in
stocks Of the iron and steel companies
was quite brisk and material gains
were made in this group on the
strength OF the excellent trade OUT
ant and rose AS per cent to 1875 SUB
sequently reaeung 21s per cent. Min
nesota Iron advanced 312, and Colo
rado Fuel 21s per cent. Tennessee
Coal declined Us, but recovered l per
cent. The general list opened ir-
regular, SuSQuehanna & Western pfd
declining IA, and Leather rs per cent,
and General Electric advancing "a and
Long Island Traction x per cent. Sub
sequently there was a general rally
OF a fraction, while Metropolitan
Traction rose "a per cent About IL
O'Clock the break in Sugar led to a
general reaction. The downward
movement was checked before midday,
good buying orders coming into the
market. In the final sales Bay State
Gas declined IA, Baltimore & Ohio l,
Canada Southern q and Western &
Lake Erie pfd 1$s, the latter, however,
recovering B per cent The general
market closed at or near the best
figures of the day. The trading for
the foreign account was light in
volume and was ON both sides of the
account.
The early bond trading was for the
most part at slightly lower figures, but
values Soon took an upward turn, in
fluenced by the strength of the share
market. The sales were 81, 1886, 0U0. The
main. advances were: Virginia Mid
land generals stamped, g.; st. Joe &
vi anu 1SldIu lStSp N12J
Danville debepture 5S, stamped and
Ohio Southern lists, /; Wheeling e
Lake Erie lists, IL, and Southern Pa
cific of ,AriZcna lists, Atlantic & Pa
cific. Flint & Pere Marquette 6s, Nor
ris &s Essex consol guaranteed, ST.
Paul. S. M. lists and Rock Island IS,
registered, L.. Declines: Susquchanna
& Western Terminal lists, per cent;
Colorado Midland lists, 2h Reading
third incomes, 1$s Spokane & Palouse
first trust receipts, 11a, Northern Pa
cific lists. II; Mobile q Ohio As, 49,
and Northwest cCnsols l per cent.
TOTAL SALES OF STOCKS.
today were 293646 shares, including:
American Sugar, 100, 400; Tobacco, 5000;
Burlington, 6,168; Chicago Gas, 1890:
Colorado Fuel, 5000; Distillers, 17,70O;
General Electric, 1,500; Illinois Steel,
7000j Kansase&r Texas pfd, 800; Long
Island Traction, 3,10o; Louisville &
Nashville, $500; Manhattan, 4,50G; Mis-
souri, Pacific, 800; New York q n. E.,
third assessment paid, S,1O0; Susque-
hanna & Western pfd, 1920; North
western, 4,S0O; Reading, 1O,1OO; Rock
Island, 3,1O0; ST Paul, 10, 200, Southern
Railway pfd. 1900; Tennessee Coal &
iron, 17,100; United States Leather s.
200; Wabash pfd, S,100; Western Union,
1900; Wheeling & Lake Erie, 4,000.