St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-18
FINANCIAL.
New York.

| the stock exchange with a weak and feyerish
market. Although the rates of sterlin, ex-
! change were sensibly easier than for some
| days past. yet it was so generally reported
| that the export N movement of gold would be
resumed next week that many tiniid holders
| were induced to sell out At the same time,
! of course, the bears TOOK every meauS posi-
| BILE 10 intensity The feeling of uncertainty.
| The latest reports are that between S3.0Oo.G0
aud Sl,001,t0j of gold will be shipped TO the
| continent Tuesday next regardless of the
| condition OF the foreign exchanges. 1t is
| stated that bankers here have received per
| emptory orders for the amounts named. The
| bank statement proved 10 be great surprise,
| the loss OH surplus reserves having been way
| below expectations. Those who were cal
| culating on heavy decrease apparently
| failed 10 take into account the heavy influx
! OF money from the interior, attracted by the
| higher rates of interest prevailing at this
| center.
| On the publication of the clearing house
| exhibit rally of "a to lSs per cent occurred
| III the stock market, but there was q renewed
pressure TO sell during the last fifteen min
utes of business, and some shares were at
the lowest figures of the day and week AS
compared with Fridays final quotations
Chicago Gas Dstilling and Cattle Feeding.
Manhattan, Western Union Lead and Jersey
Central closed at declines of 3G2 per cent.
On the other hand Union Pacific and Louis
vile d Nashville were fraction higher,
while Sugar. Burlington Quincy, st: Paul,
Rock Island Lake Shore. Missouri Pacific
and New York Central left off practically the
same as Friday. The sales aggregated 20S,gT7
listed and 3l.7u5 unlisted. The market closed
irregular.
The Posts financial writer today says:
Naturally enough, perhaps. considering the
violence of yesterdays break, the market OF
this morning failed to reflect the equality of
the change in the situation since yesterday
afternoon. Stocks in general were unsettled.
and it was not until the Unexpectedly favor
able bank statement appeared that any ten
d. 'lnn In
dustrials met with no greater favor
today than yesterday. few were sup
ported by their own people, but the
rest went to pieces again with renewed vlo-
Ienee. Taken as whole, the market closed
with comparatively few heavy declines and
the tone at the close. although by no means
confident. was distinctly better. SO far as
the stock market alone was concerned the
ruling feature is the ABSENCE OF heavy out
side speculation. The blow has fallen
chiefly on a band Of foolish professional
adventurers who have followed the jack o
lantern of ''industrial'' speculation, refusing
TO be warned by their half dozen pre-
vjous specuations, only less disastrous by
the re putedsigns that lenders were uneasy
over the acceptance of such, collateral. The
outside public,so far as it has had anything to
do with the speculation. has been all element
of conservatism and strength. AS for the
money Market the best that can be said IS
that the week S experiences are bank scare"
aggravated by several unlucky condolences
That the outlook for a repeal of the silver
purchase law is considerable V less promising
regretfuly be admitted. The effort TO
get gold from US for Europe had
not diminished, and many bankers eX-
press confidence in further shipments. All
this has served TO bring about one of those
peculiar and sudden spasms of frlghts so
often witnessed i'll the history of bank man
agement, but it cannot be too often affirmed
that an abnormal or currency crisis sooner or
l.,to ifuf 'ha irlpi
dents of this week have certainly fastened
the remedy.
Ehe Total Sales ofstocks
today were %, 0JO shares, including:
Atchison 49,. $500 National Lead. 1000
Chicago Gas. 80. 1450o New England 7,2l0
| Lackawanna 49, 4,50OI h. Pacific pfd. 9,0)0
| Distillers' $3.50 Heading -, 900
General Electric 4,0Oo Rich. u ". P. 1,135
| Missouri Pacific. 40 St. Paul. -. $50
StOcks-Cg0sI3g
! Atkinson. -. 33I2l North Am Co iUls
| Adams Express 156 Northern Pacific. 1878
At do pfd - 50 I, ?, B. 5. i Gulf. 15!s
| American EX 1l6 rthWestern. 1lU4
| Baltimore & :. 9324 do pfd ..... 141I2
| Canadn Pacific. 50 n. Y. Central. 1904
| Can Southern a5I2 n. Y. u n. Eng. 4248
Cen. Pacific 49, 2714 Ont. & Western. 1914
| Ches. u Ohio. -. % Oregon Imp. 10
| Chicago Il Alton. i40 oregon Nav 49,. u
| c., b. IL Q. 0725!O. $ L. Il u. N. 81
| Chicago Gas ...... 81 Pacific Mall 2aS5
| Consol. Gas. $50. 1872 p, ID. q E.. -. 1862
! c., c., C. q ST. b. 5lS4 Pittsburg. ........14
| Colo Coal 4, Iron 40l2 Pullman P. Car. 1G6
| Cotton Oil Cert's. 3976 Reading. ........ 53Ss
DEL d Hudson. ..127S4 Richmond Ter. 7lA
| Del, l.. q w.. .14SS4 do ufd ....... 81
| d. & G. R, pfd. ;. 536s Rio c. Western. %
| Distillers 4 G. F.. G5a4 do pfd. ....... 62%4
| East Tennessee. 3I2 Rock Island. .... S?l2
| Erie ............. 1888 St.L.&S. f. LIST pfd 70
90 pro- Or 81. Taul .......-.. 1913
Fort Wayne. 152 do pfd 49,. ...llgS4
| Great Nor. pfd. ..13l st. Paul q Omaha 41l2
| Chi d Il. Iii .pfd. OF do pfd. .117
| Hooking Valley. 2Sl2 Southern Pacific 81
| Illinois Central. 91A Sugar Refinery. .1Oi ss
| St. Paul & Duluth IL Tenn. G. & L.. 35l2
Kan. u Tex. pfd. 74s4 Texas Pacific. GA
| Lake Erie & w.. ~ Tol.& o. Cen. pfd 75l2
do pfd .. 1872 Union Pacific. e. 3158
| Lake Shore 49, 49, u s. Express. 81
Lead Trust 49,. 447s W. st. L. Il p. 10l2
Louisville d. NJ. 6DS4 90 pfd. .... 1888
Louisville & Ma. 1914 Wells-Fargo Ex..l45
Manhattan Con. 1872 Western Union. 03l8
| Memphis & Chas. so Wheeling & L. E. 1874
Mich. Central. =. 104 do pfd. ........ 6?S4
| Missouri Pacific. SIS Mpls d st. LIZ. I6A
Mobile & Ohio. j334lD & Il. c.. 1858
Nash. Chatt...... Sc Gen. Electric. -. III "a
Nat. Cordage 80. 13Sl2 Natl Linseed.... 4ll2
do pfd .112l2 Col. Fuel d Iron. 63l2
N j. Central -. 122I2 do .pfd... lib
Norfolk e. w. pfd 3T4