St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-21
FINANCIAL.
New York.

II L..
New York.
NEW YORK, April 20-The stock
market opened quieter than yester-
days closing prices, and during the
first fifteen minutes the tendency of
the active list was in the direction
of lower figures. The specialties dealt
In at this time Were on the contrary.
quite strong, and recorded advances,
and gradually the. entire market
gained strength. The volume of bus
mess was small. Shortly before the
close active buying set in which re-
suited in a sharp rise, and speculation
closed decidedly buoyant in line.
Many of the shares traded In were in
the highest of the week in the final
dealings notably the grangers, which
were in brisk demand and made gains
on the day of 1z@B per cent. Sugar
figured most prominently in the trad
ing, moving within a range of q per
cent. and closing at yesterdays final
prices. Louisville, New Albany & Chi
+ cago sold up 2R per cent. The stock
reacted u per cent in the final deal
ingS. Other advances on the day are:
Baltimore & Ohio, Baltimore & Ohio
Southwestern preferred, Iowa Cen
trail, Norfolk G. Southern, Oregon I'M
provement and Cotton Oil preferred, l
per cent; Kansas & Texas preferred,
IA; Norfolk & Western preferred ~,
and Consolidated Coal "a per cent A
| few shares showed declines of 1s@5s
| per cent. The Trading throughout
the week has been characterized by
| considerable strength and animation
| with very wide distribution of bus
/ mess Sn9cnl3 tiOn Stin1Il q or NV
the favorable reception accorded to
;, President Cleveland's views on the
| financial question, by the strength of
wheat, cotton and other staple COM
modities, and by trade reports showing
revival of business throughout the
| country generally. A brisk inquiry
came from foreign. centers and COM
mission houses reported sIarge in
crease of orders, principally from the
West.
| Losses made in Baltimore & Ohio
| and General Electric were rapidly re-
covered, and subsequently, both prop
critics touched higher figures than
were current before the break Reali-
cations We're in evidence at periods
but the reactions caused thereby were
as rule slight and full rallies quick
ly followed. The highest prices of the
| year were touched in seventy-five
stocks and from the low point reached
! after Jan. l Leather preferred showed
| a gain of 213s per cent, Sugar 201a,
Manhattan 1872, and Tobacco 15H per
cent.
The improvement in prices as a re-
suit of the weeks transactions ranges
| up to 121a per cent, the latter in Ten
| nessee Coal and Iron preferred. The
common moved up 3A per cent. Sugar
led in point of activity, and was
marked up to 107, mainly on the re-
! sumption of operations in the trust
| refinerieS. The ready absorption of the
stock offered gave color to the repeated
rumor that insiders were increasing
| their holdings. On the final sales of
the week the net gain is 3 per cent, the
preferred making a similar improve
ment. Manhattan was notably strong
and jumped from 1121a to 1872. These
figures induced realization and the
| price fell to III. Leather preferred be-
gan the week with a gain of rs per
cent. Realizing sales sent the figures
down to 745s, loss of 5 per cent. Sub
sequently the stock again touched 70,
closing at 77& eX-dividend. Pullman
was sold up from 157 to 165. The gran
ger shares made substantial advances.
The coalerS showed gains ranging up
to II, the latter in New Jersey Cen
trail. With but few unimportant eX-
ceptions prices show an apprecia ton
in values on the week, the more i'm
portant advances being: Rio Grande
Western preferred, per cent; st. Paul
& Omaha preferred and Toledo & Ohio
Central, 6; Canadian Pacific, 51a: Cotton
Oil preferred, Az; Kansas & Texas pre-
ferred, 4$s; Northwest, ~; Illinois Cen
trail, 4; Lake Erie & Western, 37s; Lake
Erie Sc Western preferred, 3ls; Tobacco
and Erie preferred, 35s.
Declines-Cedar Falls & Minnesota,
AZ per cent, and Buffalo, Rochester
6, Pittsburg, per cent. The total sales
of the week were 1881, 900 shares, and
154 stocks were traded in. Speculation
in bonds was active, but cratic for the
greater part of the day. Near the
close however, there was general up
ward movement, and the market closed
strong. The sales were 1,611, 900. The
principal advances were: Toledo, Pc
oria e Western firsts, 5 per cent; Ore,
gen Navigation Trust Receipts, 3; Nor
ris & Essex rs of H. and Louisville
New Albany consols, 2.
The bond market during the week
; was animated and strong, and there
! were heavy purchases of all classes
of securities for home and foreign
. investment accounts. The dealings
. covered a wide range, $50 issues being
dealt in. The more marked apprecia.
tons are in the inactive bonds, but
; the speculative issues also show ma
terial gains, as follows: Norfolk &
Western 100-year 5s, 142z per cent
Cleveland & Pittsburg, AZ; series A
{ 101a; Seattle, Lake Shore e. Eastern
first trust receipts, 71a; Union Pacific
2 sinking fund SIS, 6; Peoria, Decatur 6
Evansville firsts, 512; Toledo Peoria
& Western firSts, ), and Tennessee
Coal firsts, Birmingham Division, Az
and Tennessee Coal firsts, Tennessee
, division, Az per cent; Norfolk & West
ern, Maryland & Washington divis
: ion, firsts are down 6per cent The
weeks transaction are S14, ,000. Gov.
; ernmonts ruled fairly active and high
er. The feature being the sales of the
new coupon As at 1205s, the highes
; price yet reached. The total sale.
were $4,000. State issues We're dull
, but generally firm; sales of S35, 900 Vir
ginia Centuries; $1,000 Virginia Cen
turtles deferred 6s stamped; 5000 Ten
nessee Settlement IS, and $1,000 Ala
bama class "a Silver Certificate.