St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-09
FIN NClAL
New York.

NEW YORK, Oct. 1.-THE speculation
on the stock exchange today was abso-
lutelY 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 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 a very slight
reaction from the best prices of the day,
but the tone at the close was strong,
and, comp ared with the closing figures
of yesterday, the general list shows adj
vances ranging from sol per cent, the
latter in Delaware q Hudson, st. Paul
& Omaha preferred and Oregon Short
Line, while Wheeling 81 Lake Erie rose
Az, st. Paul q Duluth 2, Lake Erie &
Western preferred ~ and Colorado
Fuel and Iron ~ per ceut. Excepting
in Long Island, which recorded a de-
cline of per cent on the day, Lacka-
wanna 81 Manhattan 81 and Louisville
q Nashville and Lead "a. the reactions
were merely of the smallest fraction.
The bank statement, which was
: quite as favorable as = was ex-
/ pected, moved stocks up a fraction
when it was made public, but the alb
sence from the street of nearly all the
large operators prevented it from hay
| 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 S10,000,00O increase as they
did. The cash increase of over 6.000, 900
was also regarded as quite satisfactory
and the establishment of surplus of
more thau S2S,000.000 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 main firm
some heavy declines were effected,
Fort Worth and Denver City skies
selling down 6; Mahoning Coal 5s 81;
houloflllCs NOW Aluduy ~ CulCo9O OS
8, and Chicago d Western Indiana
General Mortgage Is per cent; Ameri-
can Cotton Oil SIS rose 2 per cent, and
Pennsylvania coupon As, and Burling-
ton, Cedar Rapids u Northern IS, 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 in
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 and Denver
| where money is quoted as rather tighht
The Total Sales OF Stocks
today were $500 shares, including: