The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-09
APPARENT IN THE NEW YORK
MARKET.
THE CLOSE AT THE HIGHEST.
THE LEVEL OF THE PREVIOUS
DAY.
INDUsTRIALs LEADERS IN ACTION
One-Third of the Total Sales Marked
OFF to the Credit of Sugar
Bonds Firm.

NEW YORK, April S-There was an I'M
mistakeable improvement in the tone of the
market for stocks today, over that which has
prevailed of late. The market was not act
i've, but there was good buying in many
stocks. and the general list was firm, the
heavy liquidation in a number Of stocks,
which has been a depressing influence, hav-
ing apparently come to end for the pres
ent. The general average price was higher
at the close than at last nights close. APP
parently no apprehension was caused by the
notification of the roads in the Joint Traffic
association by the interstate commerce COM
mission calling for information regarding
their contracts, agreements and rates. 1t was
rather felt that this would serve to bring
into line the roads which not disposed to
maintain rates and thus serve the same pur-
pose in maintaining the association s rates
as the Western roads seek in agreeing to IN
form the commission of any discrimination in
rates that may come to their knowledge. The
grangers held firm today, being favorably
affected by the recovery in the wheat mar
ket. All showed gains which reached ~ in
the case of Burlington and l per cent in the
case of St. Paul. The Southwestern shares
did not share to the full in the general i'm
provement in the railway properties. The
industrals and specialties must be looked to
for the main activity of the market. The
ccalers showed recuperalng tendency. New
Jersey Central gained ~.
Sugar was far in the lead in the market,
with a third of the total sales of the day on
the exchange to its credit. The aggregate of
Sugar sales numbered $4,000 shares. These
enormous transactions had other visible
motive than the conflicting gossip of the
board room as to whether buyers and sellers
did did not act for inside interests in their
operations. There was a steady advance in
the price under this buying, reaching 212
points, to 1143s at the close. large part
of this buying was said to be by short in
terests and It had its effect in raising prices
in the general list.
The shorts were also in evidence in Chicago
Cas- in which the dealings were heavy, deal
ers who sold earlier in the week, on pro-
fesSed alarm over the municipal election in
Chicago seeking cover. The stock rose ~.
Local gas stocks were also prominent in the
day S improvements, and reflected the salts
faction Of holders with the bill passed by
the senate at Albany for progressive reduction
in price of gas five cents a year to 81 a
thousand cubic feet. Consolidated Gas gained
points and Brooklyn Union 2a4 Tobacco
was temporarily depressed on a report of
cut in the price for plug tobacco by a COM
petitor but inside support forthcoming,
and the stock rallied to a net gain. Leather
preferred was also heavy at the start, but
later rose rs with the general improvement.
Quite active demand for the Gould shares
developed in the last hour Of trading, and
Manhattan gained 112 and Western Union
1Ac. Standard Oil today touched 295 on re
ports of an intended increase in the capital
ization Canadian Pacific showed an advance
of "a and Pullman of point The closing
was strong and in nearly all cases at the
highest level OF the day.
The bond market developed fair degree
of activity, but changes were unusually mar
row, except in few instances. The market
generally displayed frmness, but operations
were largely restricted to the speculative
liens. The sales were $1,OS7 900. Govern
ment bonds ruled firm and showed an i'm
proving tendency on purchases Of $4,000.
The total sales of stocks today were 1885,,
935 shares including Burlington, 16 300 Chi
cago Gas, %, 400; Delaware & Hudson, $500;
Reading, 1000; St.. Paul, 1880; Western
Union, 1900; New Jersey Central, $500.
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith Co.. members New
York stock exchange and Chicago board Of
trade.