St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-05
No Abatement in the Craze For Specula-
tion in Mining Shares at San
Francisco.
Prices Go Up With a Whoop, and q
Brokerage Firm Fails For
100000.
New York Catches the Contagion and
Sends One Stock From
Up to 60.
Gotham Also Has Another Eventful
Days Experience In the Wheat
Market.

SAN FRANCISCO. Cal. Dec. AT to-
days session of the stock exchange the
bulls succeeded i'll completely capturing the
market. and sharp and heavy advance
took place all along the line. For Satur-
day morning session the transactions were
unusually large. Consolidated California
and Virginia, which closed at noon yester-
day on the San Francisco board at S39 and
at the afternoon informal session of the
Pacific board at $46, opened this morning
al S53 and in few minutes jumped. even
| under heavy sales. to $50. closing at S54. so.
Best and Belcher attracted less attention,
but opened at $25. So better than yester-
day, and closed at $24. Gould and Curry
was one of the favortes this morning,
opening under big sales at S13 being S3
| oeIter IMAM yesterdays close. 1t
STEADILY ADVANCED
TO Sl4 and closed at Sl3.25. In Ophir the
transactions for the single session were
also heavy. 1t opened at SIS. which was
the closing figure of last night, then
jumped to $50. and then, with few small
set backs, climbed into $33, to again 90
back to S32, to only recover the loss and &C
to S35. 1t finally closed at Ssh 50. being
an advance Of S65 over last night. All
the other favOrite Comstocks were equally
strongly led. The bears. Notwithstanding
every effort, seemed powerlesS to arrest the
up go. PotOs closed at S1425, an ad-
vance OF S3.S7T over yesterday. Savage
AT SIS. so showed an advance of 50. so.
Sierra Nevada closed at SIG. being S. so
better than yesterday, and Yellow Jacket
climbed steadily from SO to $1450, at
which it closed strong. The announcement
has just been made of the
suspension of Kenney u Dyer. stock
brokers' No. 337 Pine street. The
liabilities are not yet known. but are be-
lieved to be heavy. Kenney, the senior
partner. is at present travelling i'll Europe.
The Liabilities are S400, 900 and assets NOM
inal. Many of the firms creditors are
women OF the respectable class.
NEW YORK ALSO GOES WILD.
NEW YORK, Dec. 4.-The market for
mining shares this morning opened in the
same wild fashion, and there was further
loading and unloading of various shares,
good. bad and indifferent Some of the
stocks that caused excitement were old and
quietly slumbering for years On the retired
list. Among those again trotted out
to-day were such shares as Gold
Placer and Durango. These COM
manded as much attention as any
others. The feature of the morning was
the heavy trading in Silver Cliff which
opened around Is and shot up to 60 before.
noon. Just what caused this remarkable
report was not known. It was sufficient to
be told that Silver Cliff was on its legs and
travelling at breakneck speed to cause ex-
citement and scramble for certificates
Throughout the forenoon the general list
showed considerable strength. Old trunks
and chests which have for years afforded
resting place for all kinds of mining securi-
ties. are being emptied of their contents,
and as these are scattered over every por-
tion of the country. it is not improbable
that the number yet to be thrown upon the
market will result in extending the boom
for some weeks at least.