St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-23
FINANCIAL.
Now Nark

NEW YORK, April 22-The stock
market today, taken as whole, was
strong, and the volume of business
was quite large. At the opening OF
business prices moved irregularly with
in a narrow range, but speculation
soon became strong, and an upward
movement was inaugurated, which
again became unsettled ard rather
quiet. The coal shares We're notably
strong and active, the buying therein
being due to reports that basis of
agreement was nearly reached by the
coal-carrying roads and that today's
meeting of operators was likely to
reach a settlement. New jersey Cen
trail rose 2as; Delaware & Hudson, 3A;
Delaware & Lackawanna, 2, and Read
ing, on very heavy purchases, 13s per
cent. Realizing sales in later dealings
caused reaction in these shares of
B@B per cent, the latter in Jersey
Central. The advance in the Louis
vile. New Albany & Chicago stocks
was continued today, notably in the
preferred, which sold up 2ia per cent
to 2SA, closing at 2115; the common
rose 1 per cent to S1a, reacting u per
cent. The improvement in the shares
is due to the announcement that the
money to finish the road, amounting
to about $1,000,000, is practically in
hand, and will enable the company TO
liquidate the floating debt, take up the
equipment obligations and pay the
cost of the improvements. This opera
ton will, it is said, reduce the interest
charges. After midday the general
market continued active and buoyant,
and some material advances were re-
corded, but about o'clock eased off
a fraction. and the dealings became
quiet. The market continued in this
tone until the final trading, when the
speculation became steady. The late
losses were only partial, and a ma
jority of the list is UP on the day,
notably Pullman. 8 per cent; Delaware
& Hudson, 2a; Oregon Short Line, q;
Iowa Central preferred, 21a; Chicago
Gas, rs; Louisville & New Albany pre-
ferred, IA: Leather preferred, 15s; New
Jersey Central and Bay State Gas, ~ /;
Delaware. Lackawanna & Western,
1as; Reading, Il, and Lead preferred, 1
per cent. The losses are fractional, ex-
cept for Cordage guaranteed, which is
down 1 per. cent. The market closed
fairly steady.
LIE DOlfU lrdulHS curing the day was
stran;; and the total sales were g,
G61, 00o, which is the heaviest business
done in any one day for more than a
year past. The transactions in Atchi-
son tours were $685. 00O and a gain of j,
per cent was made on TIC day The
buying of the bonds was induced large
ly by the action OF the English bond
holders meeting today in announcing
the re organization plan. Notable
gains were Cedar Falls and Minnesota
ffrsts, 3 per cent; Louisville, New Al
bany fives, 25s; Erie fifth extended and
Northern Pacific seconds. 2.
| The only recessions Of note were zc
each in Duluth NJ. 6 N. lard grants
! and Chicago Gas irsts.
The total sales Of stocks today wers
2S5,9S4 shares. including: American
Sugar, 2S,4O0: Atchisofs. 5,7oG: Baltimore
&c Ohio, 5000; Burlington, 5,2c0; Chesa.
peake Sc Ohio. $500; Chicago Gas, 81,
100; Delaware & Hudson. SEQ; G. c.
c. &: st. T., .S.70O: Delaware, JacIa.
wanna s. Western, 9,6e0; Distillins
| certificates second assessment paid g..