St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-12
FINANCIAL.
New York .

New YORK. March 1.-THE week
opened on the stock exchange strong in
tone and active. An improved market
for American securities III London was
! a factor in the strength of the specula-
ton here, and both at home and abroad
the cause therefor was aheavy covering
| movement. The leader of the market
was Sugar. a heavy buying movement
| therein having set in at the opening
The clique of insiders whichs organized
the recent bull pool in the stock were in
full control of the situation, and Just
as soon as there was an attempt to cover
pool broEers bid the price up on them,
and the squeeze was continued in oper-
alton to to the close. The fluctuations
in the shares were: An advgnce OF ~
in the early dealings to 1909, reaction
to 99sl, rise to 1919, a recession to
1919. rally to 1929. with the final sale
at 1925, which is AS per cent above
the closing price of Saturday. Sugar
preferred gained per cent. New Jer-
sey Central. after an early reaction Of
Is per cent, came in to good buying for
the short account and also, it is said,
for insiders who recently sold some of
their holdings.
Under the influence II tbse pur-
chases the stock sold up per ce mt, TO
81. The circulation of rumors 10 the
effect that the meeting of the anthracite
coal interests called for tomorrow would
he resu!tieSS caused brisk selling, which
brought about a reaction of Is, of which
Is was recovered at the close making
the appreciation on the day ~. New
York Central was again subjected to a
| bear attack, based OH the ground of a
| probable reduction in the dividend rate.
| The first price made was at an advance
| of Is from Saturdays closing, and then
break of *, to 9311, was made. with
| a rally TO 943s at the close Baltimore
| d Ohio sold up ~, to 541% but lost the
| entire improvement. On London buy
ing Louisville d Nashville rose "a, but
when this support was withdrawn the
stock fell off l115, but regained =, clos
ing Is higher OH the day. Missouri Pacific
advanced g. to 20. closed at 10, a net
loss of "a. The general market, while
somewhat irregular. was in the main
strong throughout the day and a large
Elajo0ity of the sales traded in show an
appreciation in values as compared
with the quotations current at the close
of business on Saturday. The more no.
table gains are: American Express, 9;
Canadian Pacific, IL: Delaware d
Lackawanna, ss; ST. Paul, rs; Canada
Southern, Cotton Oil. Hooking Valley,
Southern preferred. Bay State Gas and
Manhattan. L; Northwest, "a: Rock
Island %, and Burlington "a per cent.
With the exception of loss of ii in
Chicago Gas the declines are almost en-
tirely confined to the inrctive list. Ma
tional Starch second preferred is down
per cent, Consolidated Gas "a and c.,
c.. e. d st. Louis preferred q. The
market closed strong
The bond market was quiet and in
the main steady. The sales were $685.
500. The more noteworthy changes are
Erie second consols trust receipts,
stamped. 81; St. Paul, Minneapolis 81
Omaha, 2: Hooking Valley 6s, 2.
Declines Colorado Midland IS, 21S.
Total Sales Of Stocks
today were 24l941 shares, including
American Sugar. IS. 200; American To-
bacco, $500; Baltimore q Ohio, 5000:
Burlington. $500; Chicago Gas, 2,700;
Dlstiling, 10000; General Electric,
2100; Louisville 81 Nashville, LOO;
Missouri Pacific, 2.700: New York Cen
trail, 1900; New Jersey Central. $500;
Northwest, 11,000; Rock Island, 1900;
ST. Paul. $500; Western Union, $500.
MICHAEL DoRAs. JAMES DoRAn
nH D>@