St. Paul daily globe., 1895-05-26
STOCKS AND BONDS
SPECULATION TAKES oNA sPURT,
AND ADVANCES WE'RE NU-
MEROUS
SUMMARY OF WEEKS DEALS.
MARKET HAS BEEN UNSETTLED,
BUT ON THE WHOLE SHOWS
GAINS.
PRICES sTIFFEN AT THE CLOSE.
bond Speculation Moving With
in a Narrow Range of
Fluctuations
SUMMARY OF WEEKS DEALS.
PRICES sTIFFEN AT THE CLOSE.

NEW YORK, May 25.-Share specu-
lation opened active and i'll good tone
on the stock exchange, and under the
leadership of New Jersey Central ad-
yanced sharply, the gains ranging up
to IL per cent The market soon be-
came quiet, but lost none of its
strength and some Of the Specialties
took up the advance, Minnesota & st.
Louis firsts and seconds preferred sell
ing up 2 per cent. American Express
11a; General Electric and Hooking Val
ley We're exceptions to the general
firmness and receded B and rs per
cent respectively. A few other shares,
including Burlington, reacted a frac-
tion but the market quickly recoV-
cred and prices again moved upward.
American Tobacco came into demand
and rose 314 per cent. In the rest of the
list the Improvement ranged from IS
to 11a per cent. At the beginning of
the last half hour of business a sell
ing movement was inaugurated in the
grangers, which caused a fractional
decline, and with them the general
list in which the reaction was 1s@3s,
the latter Wheeling & Lake Erie pre-
ferred, and rs in Tobacco. Just be-
fore noon Nickel Plate first preferred
advanced l per cent, Wheeling & Lake
Erie preferred and Buffalo, Rochester
& Pittsburg preferred per cent. The
market generally, however, closed
weak, but in the main higher than at
the close yesterday, the chief gains
being as follows: Tobacco, per cent;
Minneapolis &S st. Louis firStS preferred
and second preferred and Buffalo,
Rochester & Pittsburg preferred, 2;
Buffalo, Rochester & Pittsburg COM
mon, IA Laclede Gas, ~; American
Express, Leather preferred and Colo
rado Fuel, ~, and Minneapolis & st.
Louis trust receipts, Alton Sl Terre
Haute, Nickel Plate first preferred,
and Flint & Pere Marquette preferred,
l per cent. The only loss above a frac-
ton was in LacIede Gas preferred,
which is down 1 per cent.
During the week speculation was
somewhat unsettled in tone. In the
early stages depression prevailed ow-
ing largely to unfavorable crop re-
ports and to sales for the foreign ac-
count. The local bear traders were
more demOnstrative than at any time
since the present bull movement was
inaugurated, and as a result a very
general reaction too place, in which
the grangerS were most prominent. A
statement made by Chauncey NJ. De-
dend cn Northwest will not exceed ~
per cent, making the total for the year
4 per cent, caused a break on the stock
of that company, and the rest of the
market moved J;ympathetically. In the
later part of the week, the spec
ulation stiffened, news from the West
was better and a gradual improvement
set in, which, however, was checked
late on Saturday by reason of realiza-
tions and the closing out of contracts
over Sunday. Prices in the main show
gains, the more notable of which are:
Tobacco, ~ per cent; Tobacco pre-
ferred, 2; Alton & Terre Haute, 6A; Ore
gon Improvement, SIS; l.. b. & w. pre-
feered 5; L. e. & w. common, 312;
Leather preferred, AS; Minneapolis &
preferred and second preferred, AZ;
Minneapolis Trust receipts, AS, and
preferred Trust receipts, 31a; Iowa
Central preferred, Minnesota Iron,
S12; Laclede Gas, ,3A; Laclede Gas pre-
ferred, 2; St Louis Southwest pre-
ferred, 21a; Tennessee Coal, "a, and
Buffalo, Rochester & Pittsburg pre-
ferred and Colorado Coal, 2 per cent.
Declines-St. Paul & Duluth pre-
ferred, per cent; Distilling, 4B; Cord
age guaranteed, AZ; Northern Pacific
preferred 21a and Canada Pacific,
Marquette preferred and Susquehanna
& Western preferred, per cent. The
sales of the week aggregated 1,SO0SOO
shares and 156 stocks were traded in.
The bond trading today was quite
lively and material gains in values
were made in some instances, includ-
ing l.. & N, ST Louis division sec
onds, per cent; L. & N, unified as,
/; Peoria & Eastern incomes, 2B;
Union Elevated firsts, rs, and Atchi-
son seconds, Chicago & Eastern Illi-
nois general 5s, Fort Worth & Denver
City firsts and New York Central ex-
tended As, l per cent. The sales of the
day were $1,6S50O0
The bond speculation during the
week was somewhat restricted in vol
un and the range covered by the
fluctuations was. not wide. Among the
speculative bonds the net changes on
the week are in the main advances,
but the appreciations are slight, eX-
cept in a few instances. The aggre-
gate sales were $15 4S7, 900, and 297 Sc
curitieS We're dealt in. The changes of
the week are: Advances Northern Pa
ciic division scrip, 10 per cent; Ken
lucky Central As and l.. & N, 6; Cleve-
land &i Canton firStS and Kings County
Elevated f1rsts. 5; Pittsburg, Cincin-
natl & st. Louis frstS, AZ; Southern
Pacific of Arizona firsts and Tennessee
Coal, Tennessee division firStS, 4;
Tennessee Coal Birmingham division
firsts, and De Bardeleben Coal IS,
912; Oregon Short Line 6s, 81; Oregon
snort Line trust ESceipJS, o12, OnlOll
Elevated firsts, 31R, and Colorado Coal
6s, Minneapolis & st. Louis firsts, Iowa
Extension. st. P. M. &, NJ, Montana
Central 6s, Galveston, Houston &
Henderson firsts and Ohio Southern
firsts, per cent.
Declines-Indiana, Decatur & Spring
field firsts, trust receipts, 61A per cent;
Cordage firsts, 51a; Toledo, Peoria &
Western firsts, 4, and New York &
Manhattan Beach firsts, 31s per cent.
TOTAL SALES OF STOCKS
today were 155, 46S shares, including:
American Sugar, 1920; American To
bacco. 13,400 Atchison, 1900; Burling-
ton, 10, 400; Chicago Gas, 5000; D. & c.
c. Company, $500; L. E. & W., $500;
Northern Pacific preferred, 5000;
Northwestern, 800; Reading. $500; st.
Paul $500; u. S. Leather 1900; U. S.
Leather preferred. $500; Wabash pre-