St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-09
MOVING STRONGER
STOCKS MANIFEST AN UPWARl,
TENDENCY WITH THE NEW
WEEK.
NEW ENGLAND I'M DEMAND.
BELIEF THAT THE NEW HAVEN
ROAD HAS MADE a FINAL
DEAL.
GENERAL MARKET IMPROVED.
A Hard Drive at Sugar Shakes
Prices Near the Close, But
Not Seriously.
MARKET IMPROVED.

NEW YORK, July S-The week opened
on the stock exchange with fairly act
i've trading and d strong tone to the
speculation. News circulated to the
effect that the market was in the main
favorable. Crop advices were gener-
ally encouraging, and this induced
purchases of the grangers. Coal trade
prospects were reported improving,
and there We're other influences at
work in individual stocks. New Eng
land was in good buying demand, the
purchases being made mainly, it is
understood, for the account of parties
interested in securing control Of the
company for the New Haven road
Rumors were Circulated that there
was to be an exchange of stock with
the New Haven on q basis favorable
to New England. AS the latter road
is to be sold under foreclosure tomor-
row, something definite as to the fate
OF the property must be forthcoming
soon, and this probably influenced the
shorts to cover some of their outstand-
ing contracts today. Under these in
fiuences the stock sold up per cent
and closed within I of the top figures
The general market continued strong
until near the close the Improvement
at the high point ranging up to 3 per
cent in Pullman, 2$4 in New Jersey
Central, De in Canadian Pacific, 13s in
LackaWanaa, IA in General Electric,
Illinois Central and Kansas & Texas
preferred, and | in Reading, Chicago
d Eastern Illinois preferred, and
Louisville & New Albany preferred.
Toward the close the heavy drive
against Sugar depressed the rest of
the market and resulted in losses which
ranged up 10 / per cent, the latter in
.IGTSaV o,,1o .;
closed heavy in tone. Prices are, how
ever, generally higher on the day. the
main gains being Canadian Pacific,
{ 2l2; Pullman, 3; Illinois Central, IA,
ana New Jersey Central, Lackawanna,
Alton q Terre Haute and Chicago &
eastern Illinois preferred, l per cent.
Around midday Leather shares devel-
oped pronounced weakness and sold
down rs, each closing at about the
lowest Some few other shares are off.
including Evansville & Terre Haute, 3
per cent
Bonds We're somewhat more animated
and strong. The sales were 81. S45. 900.
me more prominent gains are st.
FauI, NJ. II NJ, Montana extension is,
13s per cent; Reading As, ~; Reading
trust receipts, /: Reading second in
comes, IL; Reading thirds, 12s; Chi
cago & Alton sinking fund 6s IL, and
burlington convertibles Houston e,
Texas Central consol IS, ST Louis
SouthWestern seconds and Savannah &
" eStern first trust receipts, per cent.
Decllnes-Cnion Pacific collateral trust
81 trust receipts and Milwaukee, Lake
Shore ~ Western firsts, 2 per cent:
burlington, Cedar Rapids &, Northern
5s, and Chesapeake & Ohio, R. & A.
hrst consols, per cent.
TOTAL SALES OF STOCKS
today We're 2SO.69i shares. includipe
American Sugar, 1880; BurIin~ton7
200; Chicago Gas, IA, 100; Distiiiers'''
! 2l600; General Electric, $500; Kansas
" Texas, 2,7O0; IL. e N, 3.4OO; New
Jersey ,,e.s Central, 4,4QO; n. Y. & N. e.
preferred, 4,5C0; Reading, $500: ST
Paul, 1850; Southern Railroad nra.
TERED, ll,00O; United States Leather
$500; Wheeling & Lake Erie, 400.