St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-06
ON A QUIET GAIN.
STOCKS WE'RE DULL. BUT MAIN
TAINED A GOOD TONE AND
CLOSED HIGHER.
CHANGERS WELL IN FRONT.
RAILWAYS PROMINENT IN THE
IMPROVEMENT, BUT G.. N.
PREFERRED LOWER.
COVERING BY SHORT DEALERS.
New Bull Pool in SuGar-Interest
in the Chicago GAS Trust
-ROnds Dull.
COVERING BY. SHORT DEALERS.

NEW YORK, July 5.-Speculation on
Che stock exchange was dull again to-
day, but. the prevailing tone. of the
market was good, and, as a result of
the trading, prices in the mann show
gains on the figures at the close OF
business on Wednesday. In the rail-
way list the Improvement was most
marked in the granger shares. This
was due to the fact that a covering
movement Of fair proportions had set
in, the short interest in this group
having been largely increased during
the past few days. On a report that
the directors meeting to consider the
dividend question in regard to Chicago
Gas would be held tomorrow, the stock
of the trust, which had been forced
down rs per cent in the early trading,
came into good demand and advanced
rs per cent. In the latter dealings
the shares broke per cent on an I'M
founded rumor of President Lincoln's
resignation.
a rally of g per cent occurred at
the close, restricting the net loss to
"a per cent. Sugar was bought for the
account of newly organized bull
pool, selling up rs per cent, of which
all but Il was lost at the close. Pur-
chases of Distilling We're induced by
the action of Judge .Showalter in order
ing the sale of the trust property, and
the shares appreciated rs per cent,
closing within Is per cent of the top
figures. The general market opened
quiet, but in the main firm. The
bears, however. made an imm ediate
attack on some of the SpecialtieS,
which did not extend to the general
list. Covering by the shorts was the
main feature of the early transactions,
and although the buying was mod crate,
an advance was recorded ranging up
to ) per cent, in which Colorado Fuel
common and preferred, Metropolitan
Traction, the grangers and Tobacco
We're most prominent. In the late
dealings some shares reacted, but the
market closed strong, and at or near
the best prices of the day. The chief
gains are: Colorado Fuel preferred.
3 per cent; Metropolitan Traction, 25s;
Tobacco, IL: Rock Island. ~, and
burlington and Mexican Central 11s
The only loss above a fraction was
break of per cent in Great North
ern preferred.
The bond market was quiet. with
sales of $1,6S5,000. During the morning
speculation was generally firm, but in
the late session there was some irreg-
Glarity. The results show net losses in
majority of the issues dealt in, the
more prominent of which are: North
ern Pacific Is, III per cent; Northern
Pacific 5rdS, IL, and Northern Pacific
collateral trust 6s, New York Central
deDenture IS, Southern Pacific of Cali
fornia cOnsol IS, and Brooklyn Ele-
waited lists, per cent. Advances: Sa-
Vannah and Western lists trust re-
ceipts, "a per cent; Michigan Central
consol is, 2; Union Pacific collateral
trust As, 4l2; trust receipts and Illinois
Central 312s, rs; Hooking Is, ~; Long
Island IS, rs, and st. Joe Grand Island
ISIS trust receipts l per cent
TOTAL SALES OF STOCKS
today Were 195, 173 shares. including
American Sugar, $500; Tobacco. S, 500:
burlington, $500; Chicago Gas, IS, Zoe:
COLORADO Fuel, 5000; Distilling. %, 500
Readlng, 1900; Rock Island, $500: St
Paul i, 400; L. S. Leather. 3. Zoo: WheaI-
ing & Lake Erie, $500.