St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-29
STOCKS IN DEMAND
MORE BUYERS THAN SELLERS
IN THE NEW YORK
MARKET.
ST. PAUL SHARES ACTIVE.
FAVORABLE RAILWAY REPORTS
FROM SOME WESTERN
ROADS.
DECLINES AND REACTIONS.
Offerings Readily Absorbed and
Prices Not Allowed to Snow
Serious Losses.

NEW YORK, Aug. 2S.-A large bust
ness was done on the stock exchange
today, and buyers were more numer-
Gus than sellers. The favorable mar
ket conditions of the past few days
hold good, and were today supplements
ed by railroad reports of a favorable
character, notably st. Pauls July
statement, which shows a gain in net
earnings Of $685., S24, but during the
month OF last year with which it COM
pares the. road was held up by the
strikes of the American Railway
union. London was an early seller of
st. Paul, and depressed the stock a
fraction, but was a purchaser of most
OF the other arbitrage properties DUR
ing the first hour, after which there
was a selling movement generally,
while the foreigners became purchas-
ers of St. Paul.
At the opening the market was act
i've but irregular, on small changes,
which were mainly advances under
Well-diStributed purchases, however.
The market gathered strength and q
general Improvement set in, which
continued in force up to II o'clock. The
higher figures induced sales to realize
profits, under the influence of which
a partial reaction took place. All
offerings We're readily absorbed, and
shortly after midday the reactionary
tendency wal checked and prices again
resumed their upward course, with
but little If any interruption through
out the afternoon until the final deal
ings, when small realizations in GER
tain shares caused trifiing reactions
The general market closed strong and
in most Instances at the best prices OF
the day.
Tobacco preferred sold up to 116, the
the last preceding sale having been
hn n inc rf,c.A 4f.N
receding to l12 and closing at 1l3 bid
116 offered. Rio Grande Western broke
112 per cent; recovering only u of the
loss; the preferred lost ~ and rallied
l per cent. The more important ad-
vances on yesterdays figures are:
Pittsburg & Fort Wayne preferred 21s
per cent; Susquehanna & Western pre-
ferred, q; Denver & Rio Grande pre-
ferred, g; New Jersey Central, Ten,
"; New York Central, 13s, and c., c.,
c. q st. Louis preferred and Pacific
Mail, per cent. Declines-EvansviIle
d Terre Haute, per cent.
The total sales of stocks today were
Sugar, 1880; American Tobacco, 1O, 300;
Atchison, 22,s0G; Baltimore & Ohio,
3,409; Burlington, 1880; Chicago Cas-
G,S9 &C., e G & st L. 4o9P; DistiIls srs
Missouri Pacific, 1880; New York Il
New England preferred, 5000; Omaha,
1000; Pacific Mail, 4,009; Reading,
$500; Rock Island, 1860; St. Paul, 3d.
1CG; Southern Railway, $500; do pre-
ferred, 500; Tennessee Coal and Iron,
$500; Union Pacific, 400; Silver Ger
tificates, 1GG00; United States Cordage,
4,200; United States Leather, 4,00Vi
Wabash preferred, $500.
Bonds were strong and animated the
sales reaching 81, 416000. The more i'm
postant gains are: st. Paul, 1. & NJ.
lists and Chicago & Erie incomes, 3
per cent; do lists, 2; Susquehanna &
Western generals, %; do IDS 2; Ohio
Southern lists, 21s; Hooking Valley 6s,
2; Reading lists incomes, ~; st. Louis
& San Francisco consol As. Cincin-
natl, Dayton & Ironton IS and Kansas
Pacific consols, ~; do trust receipts,
"a; Atchison adjustment As, when is
sued, IL; Wabash debentures, series s,
rs and WilkesbarTe &, Eastern, 1;
Western Kansas & Texas Ids and
Louisville, Evansville & st. Louis con-
sol 5s, / per cent. Declines-Whe eling
& Lake Erie lists, IL per cent; Big
-Four, st. Louis division As. IA, and
Oregon Improvement consol 5s, 1 per