St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-01
STRONG TRADING.
STOCK SPECULATION FIRMER
ND PRICES Decided
LY HIGHER
MUCH CONTRACT COVERING.
COAL SHARES RECEDE ON RU-
NIORS OF A GENERAL
STRIKE,
+
RENEWED PRESSURE ON SUGAR.
Considerable Sales of Grangers-
Closing Hour Active and
Buoyant.
MUCH CONTRACT COVERING.
RENEWED PRESSURE ON SUGAR.

NEW YORK, July S1.-There was an
Increased volume of business on the
stock exchange today and the spec
ulation was generally firmer in tone,
the result of the trading being an
Allowance ranging up to "a per cent,
in which the great majority of the list
participated Covering of short con-
tracts was the main strength of the
market, but there was also good buying
on the mart Of operators who had taken
profits during the past few days and
who deemed it an opportune time to
speculate for another upward move
ment The shorts in the grangerS
were most active in closing out their
contracts, Rock Island being a heavy
favorite in the latter dealings In the
coal shares Reading and New Jersey
Central alone of the group were traded
in, and receded q and y per cent re-
spectively on rumors Of a probable
general strike Of the miners. The for
eign houses were small sellers of the
arbitrage stocks but this business was
not sufficiently large to affect the mar
ket. At the opening of business prices
were generally q fraction lower and
a pressure to sell Sugar was quickly de-
yeloped, which sent that stock down
rs per cent. A slightly lower level
was also established for the rest of
the list and speculation for brief pc
Rod was irregular. The trading, how
ever, soon steadied itself, and prices
were well held on a small market
until about l o'clock, when active buy
ing set in, under which the figures
continued TO advance up to the final
dealings. During the last hour Mis-
souri, Pacific was very prominent in
the purchasing, large blocks of the
stock being absorbed at advancing
quotations, the buying being credited
to inside interests. Chicago Gas was
also in good buying for the account
of a newly formed bull pool. Lake
Shore on small sales gave way 1% per
cent, with final recovery of IL. Bay
State Gas broke / per cent to 90 on
the sale of q 500-shares block, and New
York, Chicago & st. Louis second
preferred lost IL per cent on sales of
800 shares. The market closed active
and buoyant, the principal gains on
the day being Missouri Pacific, 22i !;
Chicago Gas, 2; Sugar preferred, 1sl !;
Tobacco, 112; Rock Island and Pitts
burg & Western preferred, IA, and
Consolidated Gas, l per cent.
Bonds were lower in the early deal
ings, but gained strength in the late
session and closed strong. The sales
We're $2,G0S,G90. The more prominent
gains are: Iron Mountain guaranteed
IS, 6 per cent; Cordage lists, 2; Louis
Vile & Nashville unified is, rs; Du-
luth & Iron Range lists, st. Joe &
Grand Island lists trust receipts, and
do A
/; Kansas City and Pacific lists, 1$s;
Houston q Texas Central IS and Erie
20 consols stamped, IA, and Brooklyn
City lists, Denver & Rio Grande As,
Oregon Improvement lists, st. Paul,
c. & NJ. 5s. and st. Paul, NJ. & NJ.
Montana Central 6s, 1 per cent De-
clines: Missouri Pacific collateral IS,
. per cent; Morris & Essex lists, IL
and Southern Pacific of Arizona lists
and Cincinnati, Dayton & Ironton IS,
] per cent