St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-05

rency is threatened with serious COM
pllcations, and unite. as rule, III the
opinion that only heroic measures can
avert something like a-crisis. The
sudden CONFUSION which seized
the market Dec. Is and continued
for nearly a week was peculiar,
however, in that il worked out its own
cure. 1t left behind it higher money
rates, turned the international move
ment OF credit i'll our favor and checked
abruptly the new engagement OF gold
for export. So far it was clearly re-
sturation of the market 10 equilibrium.
Yet barely fortnight has passed, and
the local money market is grayItatIng
back to exactly the position occupied
before he heavy gold shipment began.
Allowing tor the stringeney incidental
TO the January payments. the loan
market stands again on level or very
great ease. Sterling exchange is hard
ening again, and imports show no sign
Of falling Of
while strength in the stock market
under such circumstances Is remarka-
bic, it IS not surprising to those who
have studied its tendencies during the
last two months. Sharing, perhaps, the
feeling of the commercial community,
the financial community has refused TO
lock upon the currency situation as a
distinct menace. This is largely due.
of course, to the continuance OF q strong
Investment demand for tirst-class secur-
tiles, and to the unusually large supply
of money which can he controlled by
cliques interested in advancing ormain-
tanning prices. The issue of new silver
currency at the rate of S45,000.000
or more year has contributed
to this S econd factor, both directly
through the manufacture of new money
and indirectly, ih Ough the consequent
depression of interest rates. The grave
question then is, whether this swelling
of the money fund with silver notes is
actually and of itself forcing out gold,
and this is the problem which the new
year must very soon solve. Thus far
the winter gold exports have had par
tial explanation in tie exceptional de-
mand from Austria. Even last weeks
shipment was described as an old order
contracted for when the Austrian gov
eminent was. still i'll the market. But
the Austrian bid for gold is now with
drawn and future operations in sterling
must be based on the general merits OF
the market"
The Total Sales of Stocks
today were GA, 600 shares, including:
Atchison ...... 3,70GINew England. $500
Chicago Gas. -. 1900 North. Pac. ptd 4.400
Distll ing %. S09lSt. Paul........ $3.50
Louisville q N. 4s0GlSugar 800. 40 SO
Manhattan $50. 5,0( Union Pacific. "a, 500
Missouri Pacific. 6.S0GI " estern Union. 5000
StOcks-CiOsing.
Atkinson. 33I2I North Am. Co.. 1923
Adams Express .152 Northern Pacific. 10
Alton u Terra II. 81 do ptd.... -. 46ls
40 pfd $50 T. p D. IL Gulf. 1919
American Ex... III Northwestern. .1l55s
Baltimore d o .. 9344l do pfd......... l4142
Canad'n Pacific. S. gin. Y. Central. OoA
Can Southern ajL5lN 7. q n. Eng. 44A
Cen Pacific 800. 2134iOnt. q Western. 1913
Ches. q Ohio. 49,. 22l2 Oregon Imp 1873
Chicago d Alton. l40 Oregon Nav. 70
c.. b. 4. 49,. 97t5lO S. L. q u. n =. %
Chicago Gas Sl58lPacific Mn1l...... %
Cousol. Gas 1919 p. D. y E.. -. l642
c., c., c. IL ST. L 50 Pittsburg. ........ 1853
Colo Coal IL Iron 37l4 Pullman P. Car. I06
Cotton OIL Certs. 42S4 Reading. 1888
Del. d Hudson 1928 Richmond Ter. :. Z
Del L. u w 80. 1914 do pfd ....... 80
D. &G.R. pfd... 53ls Rio G. Western. ii
Distillers q c. F.. 624 do pfd. 49,. 6ll2
East Tennessee. 3S4 Rock Island. -: o:S4
Eric .......... 1858 st L.6IS. T. LIST pfd Is
do pfd .. 55s4 st. Paul .. 1853
Fort Wayne. 153 do pfd $3.50. .l22l2
Great Nor. pfd.. 1872 st. Paul u Omaha AVIS
Chi. d E. III pfd. 0SI2 do pfd. ....... .ll6
Hooking Valley. 2St2 Southern Pacific 34l4
Illinois Central. 99 Sugar refinery .ll218
st. Paul d Duluth al Tenn. G. 4 -. 80
Kan d Tex. pfd. 2@s4 Texas Pacific. 9ls
Lake Erie IL w. 22l2 Toll h 0. Cen. pfd 80
dopfd ...... 75l2 Union Pacific. 1898
Lake Shore. PILE U. S. Express. 90
Lead Trust 49, 10 W St L. IL p. II
Louisville q N. Y 90 pfd $500. 1894
Louisville & IA. 23l2 Wells-Fargo Ex..14I
Manhattan Con. 1894 Western Union. 05M
Memphis Il Chas. so Wheeling IL L. E. Pip
Mich. Cen ral lob do pfd. ....... 81
Missouri Pacific 561a Mpls Il St L.. II
Mobile u Ohio. 35I2 D. & X. G......- 16-
Nash Chatt...... So Gen. Electric. .1i2Is
Nat. Cordage 80 1888 NATL Linseed.. 80. 3SI2
do pfd ....... ll2A Col. Fuel d Iron. G-L2
N. j. Central. -. l23 do pfd. 49,. Ice
Norfolk & w. pfd 81 Houston u I. G.