St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-23
MARRETT G. POWERS.
GRAIN, PROVISION AND STOCK
BROKERS,
3O7 Jackson Street, St. Paul.

NEW YORK, Dec. 22.-Government bonds
were dull and about steady for the 4s and
AIS and strong for the IS to-day. State
bonds were very dull and steady. The de-
mand for railroad bonds was light The total
sales were So, sol 600. East Tennessee issues
contributed $685. and West Shore receipts
1854, 900. Prices were generally lower. There
was decline of per cent. in Erie I'd con-
soils on sale of only S259,000. Stocks were ex-
tremely dull this forenoon, the total sales for
the first two hours amounting to less than
100, 900 shares. Later on as reports of proba-
BILE shipments of gold to Europe came in the
market became more active and weak and as
news in regard to foreign exc hange was cal
culated the disposition to sell increased, re-
sulting in an increase in the days operations
of over 100 900 shares as compared with yes
terday, the sales to-day amounting to 3Se, III
shares. Of this business nearly 200, 900
shares were in Lackawanna, Lake Shore,
Missouri, Kansas & Texas and St. Paul.
Prices were steady at the opening, followed
by fractional declines and renewed frmness
during the forenoon, and continued weak I'M
til the close. The active stocks yielded IL to
per cent. from the opening and from to
per cent. lower than the close last night.
Missouri Pacific showed a loss of 233s, Oregon
Navigation ~ and Columbus, Hooking Val
ley Toledo 21s. The Vanderbilts were very
well held, New York Central losing only 81
and Lake Shore 1. Erie was Off only "a. and
there is slight decline in Louisville & Nash
vile. Other losses are generally from 11s to
11s, the latter in Missouri, Kansas s. Texas.
Texas Pacific is down e. Late in the day
considerable effort was made to depress prices
first of one stock and then Of another, with
out attacking the whole list simultaneously,
and the market closed irregular but generally
heavy at or near the lowest prices of the
day.
THE ABSORBING TOPIC
among brokers, operators, bankers and finan-
cial men generally was the reported arrange
ment for shipment of gold on Saturday next
The reports late in the afternoon were to the
effect that about 100000 worth of gold had
been purchased for shipment. INQUIRY at the
Office of leading dealers in foreign exchange
including those who were reported to have
arranged to export considerable quantities of
gold, elected the fact that no gold will prob
ably go forward before Saturday next, and
that the shipment then is contingent upon
the maintenance of the rate for sterling ex-
change. AT the house of Brow Bros. s. Co.
it was stated this evening that they would
probably ship $1,000.000 on Saturday, but
nothing definite was yet known. Other prom
inent banking houses think the advance in
foreign exchange rates has been abnormally
rapid and that it is still quite problematical
as to how large the shipment may be. When
the Bank of England advanced its rates of
discount on Thursday last the posted rates
here for foreign exchange were S4.S4% for
sixty-day bills and Sass for demand. Last
evening they had advanced to SiS6
and $4.ssh respectively, and to-day
there were advances of a half cent each, max
ing the rate to night S4.S7 and 81. 9O1a respect
lively, with the ruling rate of money in London
and New York dealers in exchange say that
gold can be shipped without loss at S4.S9H.
The question as to the amount of gold that
will be exported in the near future they say
is largely dependent upon the security bills
that NAV be offered. The advance has heeD
stimulated to some extent by the approach
ing settlements to be made at the end of the
year.
The total sales of stocks to-day were $685..
US shares, including Delaware. Lackawauna
s. Western, 64,760; Erie, 1910;
Kansas s. Texas, II, OBS; Lake Shore, "a. 97S;
Northwestern, 10000; New Jersey Central,
5000; New York Central, 13,434; Pacific Mail,
1876; st. Paul, 3S.225: Texas Pacific, 4,0l5;
Union Pacific, 10, 1855; Western Union, " 1856;