St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-13
FINANCIAL.
New York.

New YORK, Dec. 13.-It was a phe-
nomenally dull day Oh the stock ex-
change, and there were periods of COM
plete Stagnation, during which abso-
Iutely no business was transacted. The
result is that the total sales of the day
do not aggregate more than on brisk
market would be made IN single hour;
yet, withal there was firm undertoDe
to the dealings, and the changes of the
day, though slight, were generally in
the advance column, AT the opening a
firm tone prevailed, and some moderate
buying orders in the arbitrage special
ties came Ill from London, which. to-
gether with adviceS of a better London
market for American securities, helped
the sluggish upward movement The
rise was merely fractional except for
Lead preferred and Tobacco, which sold
up per cent, and, except in these two
shares, the improvement was quickly
lost. Before IL o'clock another advance
had been recorded, Tobacco and Lead
preferred making additional gains of l
per cent. General Electric and Colorado
Coal and Iron also advanced per cent,
and the general list 76@4 per cent.
Then came one of the Stagnant periods
during which the voice of the stock
ticker was heard at but rare intervals,
but toward noon there was some actiy-
ity in the selling, Lead preferred losing
all the early improvement, Tobacco and
Consolidated Gas receding each l per
cent, and Evansville d Terre Haute,
which put out very poor annual state
meDt yesterday, selling off 33l per cent.
National LiuSeed, on the contrary, was
strong, and advanced 81 per cent.
During the early part of the afternoon
the transactions and the fluctuations
IInInnnrf1nf n frxyO
Instances, notably New England, which
fell Oft rs per cent ON liquidation of a
pool which had bought the stock for
election purposes and needed it no
longer; and Tobacco took a Jump of %
per cent, and before 2 o'clock frac-
tional reaction set in, and the specula-
ton was heavy until the last half hour,
when the trading became firmer than
at any other time during the day, an
upward movement developing, which
was held to the close. the final prices
being in many cases at the highest OF
the day, leading adv NnceS compared
with the final sales of the year being:
Tobacco, AZ; Rubber. 8; National Lin
seed, 2&; Cordage preferred, TX. and
General Electric i. General list closed
at an advance of B@T per cent, the
notable exceptions being Evansville &
Terre Haute, VIII ich is down 81: ST.
Paul 81 Duluth preferred, 2; Pullman,
2, and Consolidated Gas per cent.
The railway and miscellaneous bond
market was firm during the greater part
OF the day on light volume of bust
ness, the Atchison:isSueS being the feat
| ureS of the dealings. In the late trans
actions there was active buying, and the
! market closed strong. The changes of
the day are:
Advances-Wabash debentures, Series
b, ~; Chesapeake & Ohio, Richmond
IL Allegheny division, second consol,
| ~: Wisconsin Central incomes, 2.
The Evening Post says: The Wall
street market reached today pitch of
inactivity quite without recent parallel.
1t was not, however. weak, and yester-
days professional attack on prices, like
most of such movements since the re-
| peal bill passed into law, fi2zed out
| completely on this mornings market.
Today's firmness in prices, in the face
| of apathetic support, is attributable in
no small degree to the growing convic-
| ton i'll financial circles that the tariff
bill will be passed with little violent
| resistance.
The Total Sales of Stocks
today were 1880 shares, including:
Atchison. $4,000; American Sugar, 49,
900; Burlington d Quincy, 7,100; Chi.
cago Gas, $500; Distilling and Cattle
Feeding, 300; General Electric, IA, 200:
| New York q New England, 1O,1OO:
Reading, 5000; st. Paul, 1890; West
ern Union, $500.
|