St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-19
FINANCIAL.
New York.

NEW YORK, April ,1S.-The volume
of business on the stock exchange to-
day was larger than on any day for
months past, and, with the exception
of a brief period of depression be-
tween IL and Y O'Clock, the tendency
of prices was upward. The buying was
very strong and the specu1atives ex-
hibfted a buoyancy to which the
street has been long a stranger. The
dealings were widely distributed. and
stocks which had not beens traded in
within a year appeared in the trans
actions. Although London was a buy
er here and Americans were strong
on the London exchange the great
factor OF the upward movement was
the heavy purchasing for the local
account. There We're no special ia
vorable circumstances affecting either
railroad or industrial stocks to ac-
count for the buoyancy of the mar
ket, which seemed to be due rather
to a belief in the future, to a feeling
that a revival in trade is at hand,
and that quickening of the indus
tries of the country is imminent. The
early buying was by the room traders,
majority of whom appeared to be
bulls, and as prices moved UP the
snort interests took alarm and began
to cover on the best terms obtainable.
AT the end OF the first hour a gain
from last nights closing figures OF
1s&f12 per cent had been recorded.
This advance induced realiza lions
which led to. a reaction of 1s01 per
cent in the active list, Sugar leading,
while Manhattan broke 2R and Ten
nessee Coal IA per cent. The decline
was quickly changed under the in
fiGence of the ready absorption of all
offerings, and prices resumed their
upward trend.
The buying was strong and steady.
ana WITH scarcely q reaction the mar
ket continued to advance to the close,
the final dealings being character
lied by a very buoyant tone. Among
those stocks which did not participate
in the Improvement until the after
noon wer Toledo Sc Ohio Central,
G., c., c.. & st. Louis preferred, Mo,
bile Il Ohio. Lake Erie & Western
Rio Grande Western. Lead preferred
and Pullman. Except some special
| ties, the entire list dealt in shows a
gain ON the Gay, more important are
Toledo q Ohio Central 6 per cent:
Pullman, 42s; c., c., G.. & st. l.. pre-,
ferfed, n do common, /; Lead pre-
ferred, 2E2; Go common, /; Northwest,
ern, 21s; Mobile & Ohio and Flint &,
Pere Marquette preferred. 2; do com.
mon, IA st. Paul & Omaha, Tobacco
and Minnesota Iron, H.; Baltimore &
ONO, canadian Pacific, Louisville and
Nashville and Mexican National anu
| sugar rs; P!ttsburg & Western pre-,
1erred and Rio Grande preferred, IA;
90 common, l; Lake Erie & Western
"; Union Pacific, ST. Paul Cad Pa
enc Mail, rs; and Kansas IL Texeaa
preferred, L., N. A preferred, Pitts
t purg, =. =. q St L. preferred, Wa,
Illinois preferred and Leather pre-
TERED, L per cent. In the list of de,
chnes from yesterdays closing trans
actions are Cedar Falls & Minnesota.
p pei GENT. BuHaio, Rochester & Pitts.
burg, 8; Cofdage guaranteed EI% Min
neapoilS q st. Louis preferred ], and
Duluth, South Shore & Atlantic, y
per cent. ID s s..q..--7.- -
| The advance in cotton, which it is
believed will bring about a general
Improvement in business in the South
Is given as a reason for the rise in
the stocks of the Southern roads.
Inc bond market today was strong,
ana the volume OF business was very
i Ih me sales aggregated $1,000 O05
ward to the close. The principal gains
are Seattle, Lake Shore Eastern firsts.
trust receipts, 37s per cent; Colorado
Goal Dc Iron generals, 80; Wheeling Il
Lake Erie firsts, 3: Sciota Valley and
New England As. "a; LouisviIIe' Ev-
anSVille & st. Louis Ce,lsols, IS.
The total sales of stockssteday were
3S5, 200 shares. including American Cot
ton Oil, $3.50; American Sugar, %, 500:
American Tobacco. S.700: Rnrlin~ ;pvU'
5000; c: & o., 4, 100; Chicago Gas. 10 Goa:
Z. FL. V. & r., 4,2eo; d. e. F. eertffi,
Gates, 6. 400; General Electric. 10000
Louisville & Nashville, 1905; Man,
nattan, 10000; National Lead, $500;
n. \. & N. E., third assessment paid
5000; Northwestern, I.5Gl: Paeific
Mail, 500; Reading, 1880; Rock Island
3,400; st. Paul, q 500; Silver certificates
2VOo; Southern Railroad. 8, 700; Tennes,
see coal, 10000; U. S. Leather. ). 800.
wabash preferred, 200; Western Union,