St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-01
FINANCIAL.
New York.

NEW YORK, h1arcn 5O.-A 1d1r de-
gree of activity characterized the
speculation on the stock exchange to-
day, and the trading was strong in
tone. A large number of foreign buy
ing orders were on the board at the
opening, for the arbitrage account,
only part of which could be ac-
cepted owing to the rapid advance in
prices. Thes London market showed
American securities in good demand at
higher figures, and this fact influenced
the market very favorabiy. With the
exception of a brief period of depreS-
sion, the tendency of prices was up
ward from the opening to the close.
a raid on Chicago Gas was the inn
mediate cause for the temporary re-
action. The stock, which had adj
vanced Is per cent in the early deal
ings, fell off per cent, clos
ing at a rally of z from the
low points. On buying credited to in
side interest, Sugar rose ~ per cent,
closing u per cent below the top
figures. New Jersey Central, on
renewal of yesterdays purchasing
movement, sold up 21z per cent, with
final reaction of II per cent The
other more important gains On the
day We're:
Delaware, Laclxawanna, ST. Paul
preferred and Edison Electric of New
York, 1 per cent; Union Pacific, st.
Paul & Omaha, Mexican Central and
Leather, 11s per cent; Denver & Rio
Grande preferred, 1as; Canadian Pa
chic and Lake Erie and Western pre-
ferred, rs; Baltimore e. Ohio, ~; Erie
preferred, 2, and Cedar Falls and Min
nesota, 21a.
Declines were recorded of ~ per
cent in st. Paul & Omaha preferred;
Cordage guaranteed and Bay State
Gas. The market closed strong in
tone. During the week, the trading
was about equal in volume to that of
the week preceding. At the opening
the market was buoyant and under
strong buying an advance was re-
corded, ranging up to per cent, in
National Starch preferred. Before the
close of Monday, however, a selling
movement was inaugurated, chiefly to
realize, London for profits being a free
seller of the international stock. The
depression continued in force until
late on thursday, and was more
marked by reason of reports that the
conferences of the coal roads presi-
dents was not likely to result in an
agreement. The stocks of this group
suffered most severely, and New Jer-
sey Central led the downward move
with a break of SIS per cent In the
general list the decline was less pro-
nounced. The bulls rallied to the sup
port of the market on Friday and sent
the prices of some shares up even
higher than before the slump, notably
st. Paul, Sugar, New England At
Gibson, Distilling Trust receipts, Hook
ing Valley and Leather common and
Leather preferred. The coal shares
also rallied sharply, New Jersey Cen
trail regaining SIS per cent.
The local sales were /, 349, 600 shares,
distributed among 40 different stocks.
Leather preferred, which touched SIS
within small fraction of the high
est. Erie was traded in more largely
than usual, and had advanced ia for
common and 21a for the preferred
The principal gains in the general list
on the week We're: Baltimore & Ohio,
Great Northern preferred and Starch.
4; Great Northern second preferred,
,; New England, 81; Sugar, %; Read,
ing, 29s; Hooking Valley, ~ Hooking
vanity pIS1eTECu ~ C9n2ulan racine,
rs; Cordage Guaranteed, 2
Declines = Metropolitan Traction, 2
per cent; st. Paul & Omaha preferred,
51a, and Bay State Gas, 27s.
The bond market today was active
and firm, especially for Kansas &
1851, 900. Norfolk e Southern SIS ad,
Vanced 8 per cent; Kansas &. Pacific
consols, 2; Wisconsin Central firsts,
II; Kansass& Texas9seconds, is; and
Northern Pacific and Montana firsts.
L. The speculation during the week
was less animated than last week,
but the aggregate sales reached $9,747,,
coo. The main trend of values was i'm.
proved.
Advances have been recorded in
Chicago & Erie firsts OF SIS per cent;
Louisville & Nashville As, as; Louis,
vile, Nashville & Florida and Shelf
field firsts, A; Reading frsts incomes,
32s; Baltimore Belt fifsts guaranteed
and Detroit nM1iaekinaw & Marquette
Land Grants, 81, and Kansas & Texas
seconds, 81. The only important de,
clines We're S-per cent in Spokane and
PalouSe frStS, Trust receipts and 7 in
New Jersey first convertibles of 1902
Government bonds We're active and
strong throughout the week, notably
Tor the new As, the registered bonds
selling up to 1903, which is the highs
est figure yet reached The total sales
of government bonds was $317, 800.
The total sales Of stocks today were
l7O5R shares, including: American
Sugar, 81, zoe; American Tobacco, 1900;
Atchison, 500; Burlington, 2,10O; Chi
cago Gas, 5000; D. c. F. certificates
1880; General Electric, 4,0OO; Z. &T..
preferred, 2 900; Long Island Traction
400; l.. & NJ, $500; New Jersey Cen.
trail. $500: N. Y. & N. E. third assess
ment paid, $500; N. Y, Susquehanna &
w: preferred, 1000; Northwestern,
$500; Ontario & Western, 200: Read,
ing, 500; ST. Paul, 400; Silver certi-
ficates. 2O,000; Southern. 1900; Leather,
600; do preferred, LOO; Wabash pre-,
ferred, 1900.