St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-03-13
ST. pAU4'S DIVIDEND
FULFILLS THE HIGHEST EXPECTA-
TION OF WALL STREET SPEC
ULATORS.
HELPS THE RAILROAD LIST.
CHANGERS, ESPECIALLY, SHOWING
GREATER STRENGTH AND
ACTIVITY.
INDUSTRIALs
Market More Firm in Tone and With
q Better Distribution of
Trading.

NEW YORK March 12.-Interest in Wall
street today conferred in the probable action
Of the board Of directors of the st. Paul rail-
road at their meeting to act upon dividends
for the half year,, and the deliberations or
officials Of the General Electric and Westing-
house companies regarding an amicable and
business like agreement to abate the ruinous
competition that has been going on for a
long time past. On the first point the expec-
tations of the financial community were full
filed, as the dividend rate on st. Paul COM
mon stock was increased to a per cent yearly
basis. Regarding the electric companies,
rumors Of agreement to be shortly an
nounced has been current in the street for
several days past. 1t was even stated that
an agreement had been signed several days
ago, subject to the ratification today of the
respective boards of directors. The arrange.
ment concluded today covers a division of
territory, establishes mutually satisfactory
prices and other essential points, and will
De nailed with satisfaction by the security
holders of both properties whose money has
been for long time past dissipated in the
cCituuct OF expensive patent and other legal
suIls: AFTER the exciting manipulation of
Ihe industrial shares of the past few days,
relief was afforded by a more general disno
sltlon to trade in railway shares Louisville
Nashville and the grangers were in de-
mand and exhibited decided strength. as did
mos mose OF the entire list. The government
crop statistics and the expectation of an in
creased dividend on st. Paul were the in
nuences on the last mentioned group Vio-
lent changes occurred in the industrials. To-
bacco retaining it's prominence, with General
Electric ranking second. London was not a
FACTOR In the speculation, although the ar
Ditrage houses bought some St. Paul The
market opened with firm tone and more
general distribution of trading The deal
lhgs IN Tobacco were heavy, transaction of
1,OOO shares being noted at 70. The stock
rose Is, but at the top notch liberal sales &C.
CURED and the improvement was not sus-
famed The closing after an cratic course
showed gain of IA per cent on the day.
ACTIVITY developed in General Electric, and
an advance was made of per cent. Late in
the day, on rumor of hitch in the negotia-
lions, the stock was freely offered and de-
cilned "a per cent. 1t closed practically I'M
changed. In the general list the extreme
gains were in Burlington, IL Rock Island.
11s, and st. Paul, Sugar, Distilling, Reading
and Cotton Oil preferred, 1 per cent The
closing was strong at general net gains, ex-
tending to per cent in many shares.
Railroad bonds were quiet but generally
hrm, Ohio & Mississippi firsts, Springfield
DIVISION were conspicuous by an advance Of
4 per cent to 1854 The other changes were
slight. The transactions aggregated 1925. OO0
Sales of stocks today included American
Tobacco, $500; Chicago Gas, 800; DistiiIing
1890; Erie, 1000; Louisville G. Nashville,
5000; Railroad and Warehouse certificates
10 200.
The following table shows the fluctuations
OF the leading railway and Industrial stocks
yesterday: