St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-09
FINANCIAL.
New York.

NEW YORK, Dec. 8.-Today's stock
market was the most featureless, as ii
was lightest in volume of the business,
Of any Of months past, and only in eight
OF the stocks dealt in were the changes,
compared with yesterdays final sales, l
per cent or over, these b ling equally
divided between declines and advances.
We're il not Tor the engagement OF a
half-rnillion dollars IN gold for shipment
to Germany, and the talk OF other eX-
portations by next Tuesdays steamer,
it would have been very dull on the
street indeed. but the gold movement
WAS fruitful Of discussion. and prophets
were not wanting 10 foretell a cOntinu-
Gus outpoOr Of the precious metal from
American Golfers into the European
treasury chests. But the operations of
the stock exchange did not ref CT any
OF these fears. nor was there any perSOn
or clique to be found asserting that the
prospective gold shipments would re-
suit in any disaTrangement of the
financial situation beyond the remote
possibility OF an increase in the rates
for money. The gold which goes out
tomorrow did not come from The sub
treasury, but was furnished by the Ma
tlOnal City bank, as the shippers are
customers, and which, III common with
other OF The associated banks, has a
large amount OF specie in lis vaults. 1t
is thought that Tuesdays steamer Will
take out q million gold, but beyond
S250, 600 spoken for by Kuhne d Loeb
there is nothing definite as 10 any future
expectations. as sterling exchange is not
up 10 the shipping point, and il is only
by operating III German exchange That
misSible Is made
Disabling was the leader of the mar
keI in point OF activity and strength,
and was bought on reports that an III
crease OF See gallon would be inserted
III The revenue bill. There was quite
considerable covering IT. the shares by
the short Interest which did not PROPOSE
TO take the risk any longer of the favor
able influence OF tie congressional ac-
ton suggested being taken. As Il re-
suit the shares advanced with only an
occasional slight interruption, closing
at the highest OF the day, and scoring a
gain OF % per cent. National LinSeed
was also notably strong on purchases
SAID to be for the Standard Oil interest,
which is reported 10 have recently ac-
quired considerable amount of the
stock: an advance OF ~ per cent was
recorded. the nnaI sales being at The
top ngule Of the day. Improved trade
prospects materially assisted the rise
Delaware, IackaWanua maue one OF its
characteristic moves, advancing 81
per cent on one sale of 100 share lot.
American Tobacco was weak, and
on sales of 500 shares broke S per cent.
II received 40 support from tie inside.
and Was sold down on the belief that
! the provisions Of the tariff and revenue
bills would be made 10 include goods in
bond The grangers were adversely
affected by reports of decreased earn
ings, but Ine declines recorded were
within = per cent, except for St. Paul
d Omaha preferred. which fell of ~
ptr cent Consolidated Gas declined /
per cent. Wells, Faro Express rose ,
per cent, while United States Express
dropped per cent. With the exception
CT the stocks named above the general
list shows no change from yesterdays
closing figures greater than a fraction.
The prevailing tone was Steadiness, and
even Sugar, which is usually mercurial
in its tendency, kept within u per
cent fluctuations, closing at a loss
OF = per cent on the day. The
weakest part of the day was at the close
when. except for Distiliing and Linseed
Oil. the tendency was downward. The
railway aud miscellaneous bond market
was generally weak and lower. The
principal changes on the day are De-
clInes, Richmond Terminal trust skies.
trust receipts. ,: Lehigh q Wiikesbarre
Coal Company, aSsented fiyes, 2s4; Fort
Worth d Denver City skies. ~: Kan
GO Class A seconds, Colorado MIDLAND