St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-31
FINANCIAL.
New Work.

NEW YORK Dec. 3D.-The stock market dis
played considerable strength again today. At
The opening of business Manhattan and
Lackawanna advanced 1L2, to 152 and 155kz
respectively, while the general list improved
to the extent of A01i per cent. The upward
movement received temporary check when
II became known that $500, 600 gold had been
engaged for shipment to Europe by The
steamship N0rmandie, this having served
as an excuse for an advance for the rate for
call loans from to 10 per cent. Manhattan
gave way 3H and LackaWanna PA per cent,
but the general list was not materially af-
fected as it soon transpired the gold ship
ment was made on special order, and that
the banks and Trust companies were willing
lenders of the money. the rate Tor which de-
clined to "@n) per cent. The extreme de-
cline outside of the stocks named was llB per
cent in Reading which sold down to %. The
subsistence of the fears about serious furry
. i'll money over the annual settlement was re-
fiected in the decidedly strong if not
buoyant speculation near the close. Man.
haitian was the special card and sold up from
1854 to l53I2, leading banking houses having
been the principal buyers on the knowledge
that the failure of the underground rapid
transit scheme will enable The buckers of the
Manhattan elevated to secure the facilities
for the extension of their system which they
have been seeking TO obtain tor a long lime.
American Sugar was also prominent, selling
up from 1CSS4 to 1lCS4 on enormous transac-
tons. One firm alone took over Is. 100 shares.
Chicago Cas- Northern Pacific preferred.
Missouri Pacific and Western Union ranked
next in importance, but as matter of fact,
the whole market closed strong with an ad-
Yancing tendency.
1t is thought that very little business will
be transacted at the exchange tomorrow.
The members have subscribed literally to
the fund to carry out the usual New Years
festivities. They have secured a Christmas
tree twenty five to thirty feet high, and
ladened it with presents that are considered
appropriate for the leading members of the
exchange. a brass band has been engaged
to enllyen the proceedings, and the fun is
expected to begin at about quarter past 10.
If the programme is carried out as intended,
the day will practically be a dis non at the
board.
Bradslreets weekly Wall street review
says: The speculative week has been dis.
tinguished only by its dullness and the alb
Sence of any general features. The APP
proach of Jan |, with its changes and settle
ments had restraining influence upon the
bulish feeling, which was reinforced by the
remembrance of the recent squeeze i'll the
money market On the other hand, the de-
cline of exchange rates seemed to diminish
the sense of apprehension in regard TO
this The financial situation which over
hangs the street," and even the engage
ment Friday of 100000 gold for export
tailed TO produce any decided impression, it
being recognized that the transaction was
the outcome OF past business i'll exchange
ana not OF the actual conditions which gov
ern that department.. The ease of exchange,
in fact may be ascribed to the exceedingly
slack inquiry for remttances, though it is
understood that the offerings of commercial
bills have increased and that bankers are
less apprehensjve II regard to the conlinu-
aDce of high level of exchange and &C
complaining gold exports after JAN 1. The
money market was favorably affected by
these considerations as well as by the more
positive influence of affairs by large inflow
OF money from the interior.
The Total Sales OfStocks