St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-16
FINANCIAL.
New York.

l. NEW YORK. Sept. ~15.-Inactivity and
depression marked the dealings on tile
stock exchange today, and the total
sales were some 5000 shares, less than
yesterday, which was the lightest bust
ness day of the week. The dizziness Is
| mainly ascribed to absence from the
market OF the large operators, VINO seem
to nave adopted a policy of caution.
pending the conclusion of the silver bill
discussion at Washington. Wall street
appears to h." imbued with the belief
that he future course of speculation
values is to be largely determined by
tile action of cOngrt in regard to sill
yer, and the completely of the situation
at the capital has male the plan of cam
palgn III tile SIucK market a waiting one.
Neither bull nor bear desires to put
out any very heavy lines. and
tile general public Is rot in
the street to any appreclable extent.
London was reported to he in the
market as a buyer OF Union Pacific,
Atchison aud Wabash preferred and as
q seller of st. Paul, but the trading was
not materially affected by the traEsac-
tons for the foreign account. Nor was
speculation quick to respond to any III
~1uenceS,a cancellation Of almost ~. 0
900 OF clearing house IOaling certificates
having little or ITO influence Tor the bet
ter. The. declaration of the regular
quarterly divid md of l per cent on Rock
Island and the announcement of a hand
some surplus ABOVE the amount of the
dividend alsh passed unnoticed. Among
the bear LrO put in circulation was
u to the effect that certain United
States senators who hau hitherto favored
the absolute repeal of the Sherman
act. were changing their bases
and leaning toward q compromise
measure. The report did not receive
much attention. the temper OF the
speculative fraternity as 10 the silver
question being to wait for accomplish a
facts farther than accept un~autIentIcat-
ed gossip. The course OF The market was
erratic M the one slightly ieverlsa.
the main tendency brii.g tOwarh lower
prices. The opening Was weak ana the
hrSt figures Were III The main a tractiuli
lower. There were occasional r%ecover-
les, but the bears held the upper hand,
and In the afternoon, as we'll as during
the morning. depression was the pre-
vailing feature. the closings being at a
decline of 4@l4 Der cent in the general
list; the leaders III the procession being
Pullman and Lead preferred, ~
Southern Pacitie.2S Plttsburg u West
prn preferred amt C0rdage, =; Manhat-
tan Consolidated and Oregon Improve
ment, ~; st. Paul and Delaware.
u L~ackawanna and Western. rs;
Sugar common. Colorado Fuel ami
Iron, Laclede Gas aud New York aud
Northern preferred, ~; Tennessee
Coal and Iron. 1A. and Michigan Gem
trial, Rrading, Louisville d Nashville,
Sugar preferred and Consolidated Gas.
l per tent. The Stccks which made an
advance on the days business were
Cleveland, Cincinnati, Chicago Il st.
LOUIS, 13s; Jersey Central and Lake
Erie X Western. /; General Electric
and CottnnsOl. a. and Nashville. Cnai-
lanoOga d st. Louis, 3 per cent. The
or near the lowest OF the day.
The railroad bond market was fairly
strady in the rarlv dealings. Dut became
weak as the day advanced, and closed
heavy. Kansas u Pacific cOnsols de-
clined 5. Chicago IL Northern Pacific
lists 2lS, Erie lists q, Reading ~, North
prn Pacific IS and Colorado Midland a.
az. Fart Worth q Denver City lists.
Oregon Improvement IS. Reading 2dS
and Michigan Central Is / per cent.
Evansville u Terre Hauie isis sold al
1l412, the previous sale having been at
Ill. . ~.
Ihe indications now are that tOInOT-
rows bank staten MT will be exceed
ingly faYorable, the flow Of currency tn
this center during the week having
been quite large and the loaus having
been largely and voluntarily reduced.
Ii is regarded as likely that there will
be a decrease in deposits, and the gold
will MOI, 1t is Thought, show much OF an
increase. -
- go