St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-27
CHANGERS RISING.
STOCKS MUCH STRONGER AND
PRICES ADVANCE PERCEP-
TIBLY.
CROP ADVIcES ASSISTED.
sTERLING EXCHANGE HEAVY
AND GOLD ENGAGEMENTS
LIGHT.
erie SCHEME WE'LL RECEIVED.
FndustrinIs Weak in the Morning,
but Gather Strength as the
Day Grows Older.
ERIE SCHEME WE'LL RECEIVED.

NEW YORK, Aug. 25.-The week
opened on the stock exchange with an
active and buoyant speculation in the
railway list, the granger shares being
the features of the trading. The buy
ing was exceptionally good and was
well distributed, and the commission
houses were in receipt of a greater
number of orders to buy than for
which led to the improvement, the
character of the crop advices was most
potent. The street also accepted the
Erie reorganization plan as a factor
Tor good for the general market, as IL
is calculated to encourage holders OF
shares in other insolvent corporations
to hope for a speedy reha Mobilization.
The heaviness of the sterling eX-
change, the small engagements of gold
for shipment to Europe tomorrow, and
the belief. that this weeks exporta-
tions of gold would be small, material
~ assisted in the steady upward move
ment of values in railway shares.
The last prices made were generally
at the best of the day. Chief among
the gains are: st. Paul, rs; Rock
Island, rs; Northwest, l; Burlington,
IS; N. j. Central, ia; Lackawanna, IA |;
Delaware & Hudson. 1; c., c., c. & ST.
Louis. LIST pfd, l.; do second pfd, ~;
Illinois Central. l; ST. Paul &, Omaha,
lla; Peoria & Eastern, IA, and Great
Northern pfd, "a per cent. Erie COM
England advanced Is per cent each and
Northern Pacific pfd q, all four of the
companies being in the throes of re-
organization.
the early dealings. Sugar was under
heavy pressure, due to another reduce
ton in refined sugar and report that
further reductions must be made to
compete with Germany. A sharp break
was made in the stock, followed by Il
tracts, subsequent reaction and a
final rally in sympathy with the
buoyancy of the railway stocks, re-
Stricting. the. net loss to Is. per cent
Chicago Gas, after an early gain of
per cent, reacted rs and rallied Il. To-
bacco broke 2S4 per cent, with a final
rally of 70. Leather pfd, Illinois Steel
and Colorado Coal are each down l
per cent. Most of the other industrials
are up a small fraction on the day and
Tennessee Coal has made a gain of ~
per cent on a report that negotiations
looking to the advantage of the COM
pany were pending.
Bonds were active and strong. Erie
second consols stamped sold up 5A per
cent; Chicago & Erie incomes, s; Chi
cago & Erie lists, 1a4; Lincoln g. Colo
RADIO lists. 2s4; Oregon Navigation %
trust receipts, 212; Oregon Navigation
collateral trust 5s trust receipts, l.;
Susquehanna & Western terminal 1sts
2: Atchison, Colorado & Pacific lists
and Northern Pacific conSolS, IA; do
trust receipts, 1Ss; Atchison ADJUST
ment As, when issued, rs; Colorado
Midland 1st trust receipts, 112; Cord
age 1st trust receipts, 13s; st. Joseph
& Grand Island 1st trust receipts, IL !;
Oregon Short Line 6s trust receipts,
u, and Burlington, Cedar Rapids &
Northern IS, Chicago & Indiana Coal
bs, Minneapolis Street Railway lists,
Louisville & Nashville IS. Morris &
Essex lists and Rock Island debenture
hi @
siSsippi consol sinking fund rs, 2% per
cent; Lake Erie & Western DDS. 212,
and Louisville & Nashville unified As, l
per cent. The sales were 81 427, 600
The total sales of stocks today We're
263, 242 shares. including American Su,
gar 69,60a; American Tobacco, 1900;
Atchison, 10 500; Burlington, 10,260; Chi,
cago Gas. 1909; Kansas & Texas pre-,
ferred, $50; Louisville & Nashville.
1850; Northwest, 9.5OO; Omaha, 450O,
Rock Island 1929; St. Paul $4,000
Tennessee Coal and Iron, $500: West
ern Union 400; Missouri Pacific, 4, 400.