St. Paul daily globe., 1893-12-08
FINANCIAL.
New York.

NEW YORK, Dee. lit was dull
market on the stock exchange today,
and the volume Of business was largely
restricted. The trading was purely pro-
fessional, and the changes in the trans
actions of the day were generally unim-
portant. The inactivity offered the
speculative fraternity time for the dis
cusSion of the great AtchlSOu mystery,
which absorbed the attention of the
street to a large degree. Whether Pres
ident Reinhart, of the 1mpany, went to
London to negotiate Nan. and, if he
did, what success, were th, questions for
which solutions were sought, but as
the only person who could answer
both Of these conundrVmS is on board
the steamer TeutoDic homeWard bound,
conjecture ana rHmOr are the only fac
tors of the situation. Atchison stock and
bonds were well held today. the shares
| advancing / 4 per cent IN the early deal
ingS with only g reaction at the close,
while the bonds recorded material ad-
yances. The advance IN sterling ex-
| change rates to the point at which gold
| shipments were made last winter had
! no apparent effect on stock values, but
| made some talk of possible expectation
| of the previous metal on Saturday No
! indications, however, are given of any
such shipments, and it Is not anticipated
| that there will be any of moment un-
! less sterling rates be marked up still
higher.
Sugar held its place at the head of the
list OF sales, but fiuetuated within nar-
TOW limits. During the morning it was
| in demand. the declaration of the regu-
lar dividends yesterday bringing in
| good many purchasing orders, and an
| advance of 15s per cent was ordered.
The bears, however, were diSputlng the
| a aiyanee, and threw out suggestions
that in view of the proposed tariff legis-
lauon the last 5 per cent quarterly divi-
| dend on the common stock had been
declared. As no disposition was mani
! ie ted to throw out any heavy short
lines, the effect on the shares was but
slight reaction of e per cent only being
made, Il of which was recovered at the
| close.
Chicago Gas held its own untd late in
the afternoon, when ruInor was start
ed that the reported cash dividend had
not been declared, and on this drive
was made on tine stock, which sent il
down ! Il per cent without any subse-
quent recovery, for when the first canard
was denied a report came that an in-
! junction to restrain the payment OF the
dividend had been asked for. There
was good buying in General Electric in
the morAin most Of it in Boston orders,
and an advance of ~ per cent was
recorded. This was quickly followed
10y selling movement, which resulted
in reaction of 5Ec, with a final recov
cry of q per cent. The general market
opened strong at an advance of {
fraction, and after brief period OF
firmnes became weak rather by reason
of lack of animation than any pressure
TO sell, and during the rest OF the day
moved feebly up and down as tn,
, traders pulled the string, no marked
T change being made except in a few
| of the specialties, Rubber preferred
| making an advance of 214 and American
Cotton Oil rs per cent, while Tobace
preferred declined 81, Canada Pacifi
: Ia and Consolidated Gas per cent
} ! Cleveland, CINCINNATI, Chicago d 81
| Louis preferred sold UP per cent OF
two 10o-lots, the first being at IS and tn
) | second at 90.
The tone Of the general market at tn