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

that modification of the tariff on white
lead gave the National Lead company a
material advantage, i'll view of the
heavy stock of that article on hand.
American Tobacco presented the uIl-
usual spectacle of strong common
stock and weak preferred shares. Lin
seed oil was heavy on reports that the
Standard party had changed front and
were trying to liquidate part of their
holdings, but only 1000 shares were dis
posed of.
At the opening of business the mar
ket was weak. and the first quotations
made were sol per cent lower than
Saturday, and in the early dealings
there was decline ranging up to per
cent in the first fifteen minutes. Then
Lackawanna dropped 3 and Delaware q
Hudson2 per cent, and the depression
continued unchecked up to noon, when
the range OF the decline had crept up to
Ia per cent in the active list. During
the hour following the speculation was
fairly steady, except for Tobacco pre-
ferred. which declined AZ per cent.
Great Northern preferred 2 and Lake
Erie " western l per cent. Lead COM
mon and preferred had in the meantime
advanced rapidly. About O'clock there
was renewal of the pressure to-seIl
and figures moved downward until some
htteen minutes before O'clock when
ON covering of short contracts, prices
TOOK an upward turn and a recovery of
40l4 demanded. The market closed
firm. The final sales, compared with
the closing figures of Saturday, showed
declines of AZ per cent i'll Tobacco pre-
ferred, in Lackawanna, 2sI in Pitts
burg, Z. Z. Il st. Louis. 81 in National
LlnSeed. ~ Ill Cordage preferred, ~
III Delaware & Hudson, 13s in Western
mon, II in st. Paul, rs in Louisville
Nashville and l per cent in
New Jersey Central. Chicago Gas,
ern preferred, Laciede Gas and
Lake Erie d Western preferred. and
advances of 5 per cent in Lead pre-
ferred, ~ ID Lead common, IL in To-
bacco common and per cent in Cen
eral Electric. The bond market was
strong throughout the entire day, the
changes being: Advances, Toledo, Pc
nrla & Western lists, 215; Chicago &
western Indiana, general mortgage,
rs; Union Pacific, AIS. international
d Great Northern seconds and G. {. G.
u st. Louis, st. Louis division 4 S. each
2 per cent; Chicago, Burlington u
Quincy 5s, Iowa division. 81 Third
Avenue railway firSts. u; Burling-
ton, Cedar Rapids IL Northern consoI
fveS, ~ Northern Pacific Seconds,reg
lstered, 2; and Iron Mountain fives, 1
per cent. acknowledgements Coal and
Iron, Birmingham division firsts, 3:
Union Pacific sinking fund extended
Fights, 2; East Tennessee, Virginia Il
Georgia consolS fiveS. II; Atlantic IL
Pacific fourS, l per cent; st. Louis d
San Francisco general fives sold at n
against So the previous sale. some time
since; Oregon Short Line declined 81 to
81. and recovered to 50; Oregon Railway
ana Navigation sold at 90 against 63 on
Nov. 81
The Post says: Two bits of news
were made to do some service ON the
stock market today, d decrease of $685.
$40 III st. pauPS gross earnings for the
first week of December, and the order
ing of gold for export by tomorrow's
steamer. The first of these announce
ments was widely predicted last week,
and seems to confirm the belief that
marketable wheat stocks in the North
west are pretty well exhausted.
With gold dribbling out, ahd currency
shipments fromthe interior reduced, 1t
Is not impossible that the $500, 600, 900
money i'll the clearing house banks will
presently be reduced, which would
most certainly be no misfortune. To-
days stock market reflected the days
news by excessive dizziness and slow
but irregular decline. The granger
stocks, Sugar certificates, Western I'M
ion and few of the high-priced spe-
cialties were the main points OF weak
hess.
The Total Sales of Stocks
today were 21S.7OO shares, including:
Atchison, 5,400; American Sugar, 81
700; Burlington d Quincy, 10. 100; Chi
cago Gas, 1920; Distilling, $4,000; Gen
era1 Electric.4 4, 100; National Lead, $500;
New York d New England, $500;
Northwest. 1900; Reading, 1850: Rock
Island, 800; Western Union, 23.5OO.
StOcks-Closino.