St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-12
FINANCIAL.
New York.

NEW YORK, April 1.-THE stock
market was strong. again today ON
hSnt trading, and higher range of
values was established in most of the
STOCKS dealt In OH the exchange. In
view Oh the closing of the board to-
morrow and of the London exchange
from this afternoon until Tuesday
morning the transactions for the for
elgn account were limited. The only
STOCKS which were at all active were
Chicago Gas, Sugar and General Elec-
tflc. The announcement that the new
/ board of aldermen of Chicago had re-
pealed the ordinance granting fran
chlses to the Ogden Gas and Cosmopoli-
tan Electric companies, which were an
tagoniStic to the Chicago Gas COM
pany, and that the mayor had approved
OF the repeal induced a heavy buying
movement in Chicago Gas in the early
dealings, Which sent the stock UP l5s
per cent. During the afternoon Chi
cago advices reported that the attor-
ney Tor the Ogden company held the
repeal to be void, as it would abrogate
contracts which have been entered
INTO by the company, and on this
llquidating sales were made, chiefly to
take profits. AS result the stock re-
acted L per cent, closing at rally of
IA per cent and Is higher than on yes
terday. Sugar fiuctuated between 1881.
and l02E, closing at 103, which is n be-
low yesterdays final sale. The trad
ing IN shares was mainly confined to
the holders who desired to realize
profits and shorts who wanted to
close out their contracts over the holt
day. A report originating in Boston
to the effect that General Electric and
Westinghouse companies had reached
basis of conference induced purchases
of the stock after an early decline of
Is per cent, and moved the shares for
ward Is per cent.
In the afternoon trading break of 1
per cent was made on a denial of the
story which led to selling, goodly
part thereof being for the Boston ac-
count. A final rally of a per cent took
place, making the loss on the day y
per cent. New Jersey Central was sold
down p per cent in the opening trad
ing, but a covering by the, shorts adj
vanecd the shares 13s per cent, closing
within Is of the highest. The leather
shares made further gains, the COM
iiAoil anu lIiS per cent.
The general market closed steady and
1s@1A per cent higher on the day, the
latter Baltimore s. Ohio. The other
gains were merely fractional. Some
few shares show losses, including
Cordage guaranteed, ~, and Wheel
ing & Lake Erie preferred and Sus-
quehanna & Western preferred, l. The
bond market was active and strong
during the day. The Atchison issues
were the features of the dealings,
and, on purchases aggregating S617,09O
the seconds jumped 2 per cent to 221a
and the tours f9s to TO- At the close
they were quoted u below the highest
of the day. The total sales were S, 911,-
O0O
The total sales of stocks today were
124,721 shares, including: Sugar, 16, 100;
American Tobacco, 800; -htchison,
400; Burlington, $500; Chicago Gas,
17,700; General Electric, 10000; Man
haitian, 400; New Jersey Central,
$500; North American, 4,5Od; Reading,
1900; st. Paul, 3,100; Silver certificates,
$4,000; Tennessee Coal & Iron, 1900;
U. S. Leather, 1890; u. S. Leather
preferred, $500.