St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-18
FINANCIAL.
New York,

NEW YORK, April T.-There was
no indication at the opening of bust
ness on the Stock Exchange today of
the strength and bucyancy which were
subsequently infused into the specuIa-
tion While the initial dealings were
active, the tone of the market was
heaVy, which was partly due to the
unsettled character of the trading in
american securities On the London
STOCK exchange, and to the selling
mere Tor the foreign account General
Electric was notably weak on sales
induced by the action of the directors
yesterday in discharging the confer
ehce committee with the Westing-
mousse company, thus abandoning the
negotiations looking to a business
combination. The shares broke ~
per cent, but quickly rallied a frac-
ton and during the afternoon made
Iurthef recovery. reaching rs above
the lowest with a reaction of II at
the close, making the loss on the day
only "a per cent. Baltimore & Ohio
was also sold down on reports that the
dividend would be passed and later
Wnen the announcement was made
that this should be done there was a
Iufther reaction, the total decline from
yesterdays closing being AZ per cent.
with a rally in the final sales of 49,,
restricting the net decline to 2B per
cent. The general market became
. strong after >10:15, and continued
TO move upward until about
noon, when reaction took place of
some OF the properties. Before 1
o'clock speculation had again resumed
its tone and during the rest of the
Gay prices appreciated, the market
closing buoyant and in a majority of
cases above the final sales of yester-
day. The more important gains were
made in Manhattan, in which a long
outstanding short interest was
squeezed and the price moved I'D a.
per cent to 1884,.
Inc stock sold at 104 on January q
winch gives an advance of 49, from
that date. The other material adj
Vances are Pullman 3A; Quick Silver
preferred, 2A; Delaware & Hudson.
Lake Erie & Western, Cotton Oil. pre-
ferred, Minnesota Iron and Tennessee
Coal, /; Leather preferred 49,: Tobac-
co and New Jersey Central, IL: Read
ing q Denver & Rio Grande. 49, and
Sugar, common and preferred / per
cent National Linseed is down | per
cent, and few other shares a small
fraction. The trading in bonds con-
tnues on very heavy scale, the sales
aggregating $2.375,O00. The tendency
OF prices was upward throughout the
day, and lis bonds figured in the deal
lngs. The main advances are; Ten
| nessee Coal firsts, Tennessee division
| 3%4; Peoria, Decatur & Evansville firsts
512; Atchison, Colorado & Pacific flrsts
21a; Atlantic & Pacific Central dividend
incomes and st. Louis Southwestern
seconds IL; Reading tours, IL; do
second incomes 11a; and do thirds, 1:
Chicago & Indiana consols 1M, and
Chesapeake & Ohio r. 81 A, second
consols, Hooking Valley fives,. Louis
vile, Evansville & st. Louis fiyes.
Mutual sinking funds skies, Rock
Island fiyes and Rio Grande and West
i ern firsts, per cent.
Declines-Northern Pacific collateral
| trust skies III, and La Clede Gas fives.
| Kentucky Central tours and Elizabeth
and Big Sandy firsts per cent.
The total sales of stocks today were
1929 shares, including: American
Sugar &c, 200; E. & o. 1,400; Chicago Gas
| $500; General Electric, 25,5Oo; Lake Erie
! & Western, 1850; Manhattan consoli-
dated, 1900; N. e. third assessment
paid $500: Reading 1880; st. Paul,
12,100; Tennessee Coal and Iron, 1890;
! United States Leather 9 700