St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-21
DIRECTORS.
FINANCIAL.
New Work..

New YORK. Sept. 19.-The stock market to-
day was extremely active, although showing
marked decrease on that point from the
heavy trading of Yesterday and while dis
playing considerable irregularity, was in the
main decidedly strong, and the result Of the
two hours session to-day is to leave most of
the list fractionally higher than last even
ing, and some are materially so. The i'm
portation of gold was the chief item of news
with tendency to affect values; but there
was little said about it, and IL may be doubt
ed whether il had any material influence in
making the gains OF the day. The opening
was strong and very active. and while most
of the list was fractionally higher than last
evening, Burlington, at 90, was up
lls per cent 1t was only natural that
after such gain there should be some reac-
ZION in the stock, and being Joined bS Read
ing affected the rest of the list to limited
extent Realizations were the chief factor
in such declines as were seen, but the de-
mand for stocks was still very urgent and the
buyers outnumbered the sellers and the course
OF prices was soon again turned in the direc-
ton of higher figures. In the upward move
ment the grangers had first place, but there
were few other leading shares which COM
manded attention on account of their
strength, among which Lake Shore and
Northern Pacific preferred were most prom
inent. Among the specalties distillers was
conspicuous because of the sharp loss of 3
per cent in the early trading, but this was
afterward entirely made UP, while Buffalo
Rochester q Pittsburg was very strong on
light trading. The bank statement showed
only a nominal loss in the reserves, while ex-
hibiting material increase in the DEPOSITS
and a heavy expansion OF loans, and was
considered good.
The traders again went in to cover their
shorts IN the final dealings. and the marke
developed marked strength, finally closing
active and strong at the best prices of the
day. The final changes of note comprise ad-
vances in st. Paul 1$4; Northern Pacific,
preferred, 1l2; Buffalo, Rochester & Pitts.
burg and Sugar, each 1888; Lake Shore, per
cent. asS5
The Post says: Most significant perhaps
of all the incidents OF the week, in its bear
ing upon finances both here ana in Europe
is the breaking down of the last obstacle
placed by the Bank of England In the way of
our import of gold. This mornings cables
brought news of heavy engagements OF the
precious metal in London, the total engage
ments in the city publicly announced now
footing up $3.50. 900, with probably as much
more privately contracted for but not vet
made public. According TO the dispatches,
most of this gold is American coin, the drop
in exchange yesterday beng sufficient TO
meet the premium imposed by the English
bank. 1t is not easy to conjecture where the
movement will stop, for the heavy purchases
OF our securities by Londoners during the
present week have upset most previous cal
culations. 1t is interesting to recall the pre-
dictions of Wiseacres three months ago that
the Englishmen would prevent gold imports
from that city by selling American securities
to settle the trade debt.