St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-08
FIN ANCIAL.
New York.

NEW YORK, Oct. THE speculation
on the stock exchange today was abso-
1utelY without feature as to the shares
which generally figure in the daily
transactions, only one stock, which is
Whisky, received the 10000 shares, and
the total sales footed up only $4,000.
The fluctuations were mainly confined
to fractions, and only three of the active
list exceeded a per cent limit, Whisky,
General Electric and Northwest moving
within radius of II per cent. Taking
into consideration the fact that the
trading was remarkably light in volume
the market was surprisingly firm, and
the tendency was for the most part to-
ward better prices.
Some shares, however, sagged off for
want of supporting orders, and in the
final dealings there was very slight
reaction from the best prices of the day,
but the tone at the close was strong.
and, comp AIRED with the closing figures
of yesterday, the general list shows ad-
vances ranging from sol per cent, the
latter in Delaware & Hudson, st. Paul
Line. while Wheeling d Lake Erie rose
IA. st. Paul d Duluth 2, Lake Erie Il
Western preferred "a and Colorado
Fuel and Iron ~ per ceut. Excepting
in Long Island, which recorded de-
cline of l per cent on the day, Lacka-
wanna & Manhattan 81 and Louisville
d Nashville and Lead %, the reactions
were merely of the smallest fraction.
The bank statement, which was
quite as favorable as e was ex-
pected, moved stocks up q fraction
when it was made public, but the alb
sence from the street OF nearly all the
large operators prevented it from hav-
Ing any marked influence on the trad
ing. The heavy increase in deposits
were perhaps the most agreeable feat
| ure of the statement, it having not been
anticipated that they would approach so
nearly the S10.000,00 increase as they
| did. The cash increase of over Sc. goo, 900
was also regarded as quite satisfactory
| and the establishment of a surplus of
more thau S2o,000.0 900 was accepted as
| going far toward securely anchoring
| confidence In the monetary situation.
Comparatively speaking the bond
market was more active than the share
| speculation. and while in the nam firm
| some heavy declines were effected.
| Fort Worth and Denver City skies
selling down 6; Mahoning Coal 5s 81 :;
Louisville, New Albany IL Chicago IS
3, and Chicago d Western Indiana
General Mortgage Us per cent; Ameri-
can Cotton Oil IS rose 2 per cent, and
| Pennsylvania coupon IS, and Burling-
ton, Cedar Rapids II Northern 5s. 1 per
cent. The savings banks have not as
yet begun to buy back the bonds sold
during the recent panic to strengthen
| their cash reserves, waiting undoubt-
eddy for the result of the duel between
the silver and anti-silver forces in the
senate. When they do come into the
street as purchasers 1t is pretty certain
that prime securities of the class i'll
which these banks invest will appre-
ciate in value. The ease of the money
market in this section is reflected in
most of the monetary centers of the
country except in the South, in which
stringency prevails pretty generally,
and in Louisville, Cleveland, Detroit
and st. Joseph, Omaha aud Denver
where money Is quoted as rather tlghht
The Total Sales OF Stocks