St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-11
FINANCIAL.
New York.

NEW YORK. March 9.-Share specu-
lation was quite active for Saturday
and in the main strong in tone, the pur-
chases being largely for the short ac-
court. The market was heaviest In the
early dealings, when London was q
seller of the arbitrage specialties At
the end Of half an hour the downward
movement was checked, and during the
rest of the day the trend of prices was
as rule upward, the market closing in
good tone. Sugar led the market in
poiut of activity, and was in good de-
mand until the stock touched 100.
gain of IA per cent on last night
Then realizing sales caused a re-
action of II, with final rally of Is;
the preferred moved up IA per cent.
Baltimore & Ohio sold up pa per cent.
losing Il per cent at the close. Canadian
Pacific advanced 81 per cent. the last
being the highest price made. The
grangers were inactive. except st. Paul,
which was sold in round amounts by
London houses, but receded only Is per
cent and regained % on late coverings.
The coalers are but slightly changed on
the day. Advances were recorded in
Lake Shore of 4 and Tobacco d, and
declines were established Of ~ in ILL.,
inois Central; ~ in Denver Il Rio
Grande preferred and l per cent in
Cotton Oil. St. Paul q Omaha pre-
ferred sold at 1041a, sellers against
1091a, the previous regular sale. The
other changes were fractional.
Baltimore IL Ohio was subjected to
continuous hammering up TO Yesterday,
when the low figure OF 40 was touched,
q break OF S5s per cent from last week.
The decline was due to reports that
there was probability that the road
would be placed in the hands of re-
ceiver, and also that reduction in the
dividend would DO rendered necessary.
Denial of the receiverShip story and the
assurance that the company Is in good
financial condition caused rally of 4
per cent. restricting the net loss to Az
Canadian Pacific fell 10 per cent to
SO. but rallied to 1914. Chicago Gas be-
gan the week with an Improvement of
IA to u, but the mayoral approval of
the ordinance granting a franchise to
an opposition company sent the price
down to 70. Subsequently the stock
rose to T2A. Reading was sold down
per cent on the reported imminency of
foreclosure proceedings, recovering Il.
The coal shares We're higher in the
early dealings, and New Jersey Cen>
trail gained "a and Delaware & Hud-
SON. By Subsequent unfaVorable de-
velopnents in the anthracite industry
brought about a recession in New Jer,
sey Central Of IA per cent, Delaware
d Hudson AZ and Lacka wanna 3. The
low figures induced purchases and the
net losses are but 11s in Jersey Central
Ia in Delaware & Hudson and "a in
LackaWanna. New York Central
broke "a per cent on a renewal of the
talk that the dividend would be
scaled. The net loss is 13s per cent.
The probability of a heavy assessment
caused Erie to lose Is per cent on the
week.
The other more important net
changes are:
Advances-Tobacco, 4; Cotton Oil
preferred, 8; Leather preferred, 25s;
Great Northern preferred, Lead ana
-Plttsburg q Western preferred g.
Decllnes-Oregon Improvement, 3ss.
st. Paul, Minneapolis & Manitoba, 5,
ana quicksilver preferred, 2.
me bond trading during the day was
rather quiet, and the majority of the
transactions were at slightly lower
ngures. The aggregate sales were
S556, 50O. The bond market during the
week was astive, but somewhat ir-
regular ar: The aggregate of sales were
S4,2S2, 300. The main changes are:
-Deellnes-Union Pacific collateral
trust is, 5; Erie second consoIs, Flint
q Pere Marquette 5s, Detroit M. & M
Lana Grants, Pacific of Missouri Is.
3 per cent 49,
Adyances-Green Bay firsts, per.
cent. ~