St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-03

bany, Is in Southern Pacific and G. G..
Z. 81 st. Louis, and l per cent in st.
Paul u Omaha preferred and New York,
Chicago & st. Louis second preferred.
and decline of in Rubber preferred,
15s in General Electric. and 1.per cent
in Great Northern preferred. New York
d Harlem sold at 2ES against 25S the
previous sale. Compared with the final
sales of Saturday a week ago, the
closing prices of today show about as
many stocks on the list of advances
as of declines. In the industrial
shares, which have made the widest fiuc-
tuatiOns. Lead preferred is III, Lead
common 4, Sugar common 81, Sugar
preferred 3, American Tobacco 5, Con-
solidated Gas 80. Disabling S5s, Cord
age common 255s, Cordage preferred 211,
General Electric and Laclede Gas pre-
ferred and Edison Electric 215 per cent
down, and Chicago Gas AZ, Linseed Oil
21a, and American Tobacco preferred 2
per cent higher.
In the general list the changes are
confined within narrower limits, the
greatest improvement being in Oregon
Improvement 3sl, Mobile IL Ohio 8,
Louisville d Nashville 25s, Denver Il
Rio Grande preferred 277s, and Balti-
more & Ohio and Erie preferred per
cent, and the heaviest decline in North
west 2Sl and Michigan Central 2 per
cent.
An active and strong market pre-
vailed for railway and miscellaneous
bonds, Little Rock & Memphis firsts
selling up 4, St. Joe q Grand Island
Island tirsts, 81; Colorado Midland
fours, and Forth Worth 81 Denver
SKIES, %; Rensselaer, & Saratoga cOu-
pom firsts, 2, and East Tennessee con-
soils fives, Mobile u Ohio tours. and
Union Pacific. Denver q Gulf firSts, l
per cent. Louisville 81 Nashville col
There has been very active Specula-
ton in bonds during the week, and
leading issues were in demand at adj
vancing prices. The high-class invest
ment securities were not in supply
equal to the demand, and, hence pur-
chasers were diverted to less desirable
issues. Nearly all the bonds dealt in
advanced from l to ~ per cent, the
latter Denver d Rio Grande fives, there
being very few which show loss on
the week.
The Evening Post says: Perhaps the
best description of tOday's bank state
ment would be to state that it re fleets
the stock market operations of the
week. There has been liberal Buying
Of securities, partly speculative in char
acter, as might be guessed from the
81, 49,, 900 increase in loans. The sur
plus reserve, now raised to the monu-
mental sum of S76,O00,000, means dull
ness in general trade and a money mar
ket of unpreceden ted cheapness, which
again fOrShaGOWS great demand for
good Investment securities.
TOday's stock market needs no eX-
tended comment. 1t was strong, even
though prices for many active stocks
yielded fractionally. That some of the
speculative leaders of the week would
sell today to secure their profits, and
that they would choose for the time
the NOM ent of the bank statements
publication were foregone conclusions.
Next weeks hopefulness or despond-
ency may all the more easily be made to
order on the stock exchange. The week
has ended, very appropriately, with a
rapid recovery in sugar stock.
The Total Sales of Stocks
Today were 17S,600 shares, including
AtchiSon, 14,S00; American Sugar, A.
900; Burlington & Quincy, 4, 100; Chi
cago Gas, 1O,5O0: c. c. c. IL st. H.,
$500; Chesapeake u Ohio, 5000; Dis
tilling, 1920; General Electric, 800;
Kansas 81 Texas preferred, $500; Louis;
Vile IL Nashville, 3,400: Omaha, 2,400;
Reading, 7.400; St. Paul. 1O.400; Rock
Island, 2,609; Union Pacific, 9,400;
Western Union, 400.
SrooLS CIos5ur