St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-21
SHIP YOUR WHEAT,
BARLEY. RYE, OATS AND HAY
ECKERT, WILLIAMS & Co.
DULUTH, MINI.
ConSignments Solicited
FINANCIAL.
New York,

Consignments Solicited.

NEW York. Oct. 21-Aside from the arrival
of another consignment of gold from the
other size of the ocean and some announce
ments of reduction in rates III the West,
there was nothing of nature to stir the
sluggish stream of speculation to-day, and
the stock market continued to drift, the vol
ume of business being smaller since the late
activity began to fall away. There was on
the whole firmer tone 10 the dealings, and
most stocks traded i'll are slightly higher this
evening as the-result of the days operations
There was another squirt of activity of
strength in Vanderbilt stock in the afternoon.
These advances. however were the only
movements of Importance in the list among
the usually active shares.
The most striking advance of the day was
on Adams Express which followed the an
nouncement by The officials of the company
that after an examination of the finances of
the company they find that il will not suffer
in any way from the losses incurred in the
Hoey transactions. The stock on several
sales of small lots rose to AS from 1874 last
evening and closed at the close to the best
figure. The opening prices were generally
higher than those of last evening, but while
the tendency of the market under the early
demand was to advance, the movement
amounted TO but little and the traders ham,
mered few of the leading shares with some
effect. Bringing the figures down below those
of the opening.
In the afternoon the squirt in the Wander
bills had the effect of stirring up the entire
llNt, dHu Dttl6E pTltcS were TtdCuHQ All dlOil8
the line. The late trading saw considerable
decline from these prices, bat the close was
again firm. though dull and generally at
close to the highest of the day. The final
changes are almost all in the direction of
higher prices. though a gain of 10 in the
Lake Shore was the only one of any impor-
lance. On the other hand Sugar, which has
been unusually active, was decidedly weak,
and closed with loss of 10.
The Post Says: The prices are uuaues-
tonably too high already to induce invest
ment buying merely for the sake of present
dividends. and without such foundation
a bull movement must be matter
of entire doubt. of course, If it were posi-
lively demonstrated that the heavy gram
traffic would result in larger distribution of
profits 10 shareholders, purchases by invest
ors would be logical certainty. But it hap
pens that this is the very point at issue. Re-
cent experience has taught the investor that
in considerable proportion of the rail-
road companies the increase in earning is
certain To be turned ct once into paying off
floating debts contracted from the losing
business of the last year or two
In addition to the gold receipts mentioned
yesterday, there have been received from the
steamers chen in port $500. COO. The Aller.
arriving this morning. brought S250, 900 more
The total received from Europe mp TO date is
therefore almost exactly SIS, 100000. Atleast
a million of this week receipts was not
known 10 have been ordered, ana it was re-
ported to-day that other unannounced con-
signments of gold were afloat.
Total Sales of Stocks