St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-24

555 per cent tor the day Manhattan
was sold down in the early dealings.
and was evidently without support. 1t
declined from 10 to 1861, closing per
cent higher than the lowest. with net
loss of 315 per cent. The movements i'll
Consolidated Gas were of the same nat
ure, and, although it rallied , PSF cent
from It's lowest price, its net loss was
81.
the failure to bring the bituminous
coal companies of Ohio together has in
duced heavy reaiiZations on the late rise
in Hooking Coal, and today it declined
from - to Is. but another attempt Will
be made to get the companies together
and call will soon be issued for a
meeting of the association. TO he held
either in New York or cleveland, and
the knowledge of this led to a complete
recovery III Hooking Coal stocks. The
coaiers were without especial feature
today, although it is said another at
tempt is to be made, through Legislation
at Albany. to establish an upShOt price
as the highest at which coal may DE
sold In this state. LackaWanna was the
only stock to show any material loss,
rs per cent being taken from its price.
The general list displayed a firm
temper throughout the early part Of the
day despite the losses accustomed by the
reaiiZatiOns and the pressure brought to
bear i'll different spots. St. Paul was
specially active and closed unchanged
after fluctuations extending over range
of 4 per cent. The rest of the market
pursued about the same course and the
final changes are generally insignificant.
The committee of the board of directors
of the Louisville. New Albany u Chica-
classify that stock into preferred or
common, will soon make their report.
1t is understood that they will recon-
mend division Of the present capital
stock on the basis of % per cent of per
cent preferred and Is per cent common
stock. AS soon as the.cOmmittee report
their plan it will be submitted to the
stockholders for approval.
The Post says: The small amount
Of gold announced today as for export
tomorrow goes to Austria. The $780,
900 went to the Bank of France. AL
though the rates Of sterling EXCHANGE do
not favor the export OF gold, yet there
is some apprehension that more of that
metal will be bought as a commodity
by the Bank of France. The situation
OF that great bank is peculiar. Its note
issues were very Dearly no to its old
HlillJ Oh O,OUU,UUU.UUU francs. 1H6 mat
ter or the gold supply in the Bank of
France is of great Importance
to France and to the French
government, and hence, to enable
the bank to 20 ON accumulat-
ing that metal, the limit of the note
issue of the bank was recently raised
500 0O0,0 900 francs; the object apparently
being TO give TO the bank the ODpor-
tunitV of buying more gold by means of
its extended note issue. TO what extent
this viii be done. how much premium
Gn the way OF INTEREST," the bank viii be
willing to pay for the gold if exchange
IS not favorable, are matters of cOnject-
ure. The Bank OF France, unlike the
Bank of England, is not hampered in
the issue of its note by any necessity OF
receiving an equal amount of gold. but
on the contrary. often buys its gold with
its notes. The gold question in France
is not the question of supporting the
currency so much as the necessity Of
having large stock of that metal as a
war reserve.