St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-22
FINANCIAL.
New Work..

NEW YORK, March 2l.-Ihere was
large increase in the volume of bust
ness on the stock exchange today, and
the upward movement, which was
checked yesterday by sales to realize
profits and tue putting out of lines of
shorts, was resumed. The buying at
the opening was decidedly strong. aud,
although London was seller of some
OF the arbitrage shares, this fact had no
depressing influence on prices, ready
market being found for all the foreign
offerings. When tile opening buyIng
orders had been executed and the trad
ing became somewhat dull, a fractional
reaction took place in the general list,
and Bay State Gas fell off - per cent
to Ii. subsequently this stock rose 3
per cent 10 Ii OH Boston buying, react
ing to 1913. aud closing at l51s, a gain
of S5s per cent on the day. The reac-
tionary tendency in the general list
was Of brief duration, and the
speculation quickly recovered its
tone. Thenceforward until about
l:3O o'clock it was rising market The
presence of representatives of all the
presidents today, and the prospects of
harmonious action, exercised a whole
some influence OH the trading and
brought buyers into the street and in
duced the shorts TO cover. There was
heavy business in the shares of the lead
ing iDduStrials Oh the bull side and
they moved up sharply. General Elec-
trio was purchased i'll heavy blocks. on
reports that an agreement between the
big electric companies was about to be
consummated,an and an advance of 2% was
effected. DiStilliug rose TX on buying
by the new interest In the company,
and the trust receipts sold up TO TX.
Sugar was moved up 2M per cent OH the
clique which controls the trust, and
Lead advanced ~. New Jersey Gem
trail, which opened 4 higher and de,
elined %. sold up "a per cent, The
other advances were in smaller figures,
but the appreciation went through the
list pretty thoroughly. About 1870
O'Clock drive was made against the
coal shares, which was chiefly directed
toward New Jersey Central, that stock
giving way ~ per cent; Delaware 81
Lackawanna. II; Delaware & Hudson
q and Reading q per cent. The rest
or the market recejed fraction, but in
the last half hour of business specula
ton again became strong and prices
moved upward to the close, which was
buoyant i'll tone, the market with but
few exceptions showing advances on
the day ranging from & 10 20 per cent
III the active list, the latter in General
Electric; "a in Lead. 2 in Sugar, ~ in
Distllling, 12s i'll do trust receipts, TX in
Bay State Gas, 1 in New jersey Cen
trial, O., T.. T.. IL ST, Louis nreferred
and Pitlsburg. In the ,specialties TIC.
ledo d Ohio Central preferred made a
gain of per cent. Evansville 81 Terre
Haute 3, and American Tobacco pres
ferred %.
The bond market today was generally
higher, but Oh a decreased volume of
trading. The total sales were s., 06S, 90.
OF which 500, 900 were Texas 81 Pacific
seconds.
The more noteworthy advances were:
Kansas Pacific 6s, Denver division, as
sented, 81; Kansas Pacific, IS of 1895.
2; New York q New Jersey Telephone
IS, 3; Louisville d Nashville, Florida
d Sheffield firsts sold at 90, against So
on Jan. 5.
Total Sales of Stocks
today were 272,Sl9 shares, Including:
American Sugar. 30, 800; American To-
bacco, 5000; Burlington, 600: ID. C. r..
1880; General Electric, 44,6OO: Louis
vile d Nashville, 400; National Lead.
1890; New Jersey Central, IL. 700: New
York d New England, third assessment
paid. 5000; Northwestern, $500; North
west, 800; Reading, 5000; Rock ISL
and, $500; st. Paul, 1900; Southern,
$500; Southern preferre>., SOC: Wheel.
ing d Lake Erie, 4,50o.