St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-20
NO ALARM ON GOLD
STOCK SPECTATORS REFUSE TO
ALLOW SHIPMENTS TO
AFFECT PRICES.
iRREGULARITY CONTINUED.
STERLING EXCHANGE EASIER
AND THE RATES SOMEWHAT
LOWER.
ACTIVITY IN THE INDUSTRIALS.
Dull Closing and Lower Prices
Bonds Quiet, Irregular and
Cheaper.
lRREGULARITY CONTINUED.
ACTIVITY IN THE INDUsTRIALs.

NEW YORK, July 19.-The engage
ment of a million dollars in gold for
shipment to Europe tomorrow was not
a factor in the share speculation, al
though efforts were made by the bears
to use it as a barrier upon values. 1t
seems to be accepted by the street
that all danger of heavy gold ship
mentS has passed for this year and
that trade conditions are such as to
render it absolutely certain that the
supply of sterling bills shall increase
from this time forward. AS an offset
of the gold shipment, and possibly by
reason thereof, the sterling exchange
assumed an easier tone and slightly
lower rates We're made. In the stock
market the trading was very dull and
the short interest was more cautious
in its operations than during the past
few days, putting out short lines and
covering quickly at the first sign of
danger 1t was only in the indus
trials that any wide movement was
made, and the same old cliques which
have been working the market during
the week did the manipulation.
The first sales made We're slightly
lower and Consolidated Gas broke 3A
per cent. Leather pfd was sold down
IA per cent on the proposed issue of
new stock, and Chicago Gas was sold
on orders from the West and receded
q. Sugar, which had yielded Il per
cent in the early trading, found ready
support from among the traders and
on good buying rose 212 per cent. A
general appreciation followed in the
Industrial group Consolidated Gas and
Illinois Steel selling UP ~; Chicago
Gas, 2is, and Leather pfd rs. Shortly
after II o'clock Sugar fell 112 per cent
a there
sympathetic reaction in its sister
stocks, ranging up to l per cent in
Tennessee Coal and Laclede Gas. The
coal shares at this also developed
section being neglected. In the early
afternoon speculation was irregular OIL:
very narrow changes. Shortly after /
O'Clock a raid was made on Lead,
based on the failure of the directors
to act in the dividend question, and a.
decline of 2ls per cent resulted. The
rest of the list was without important
movement until the last hour, when
Tennessee Coal gained ia from the
lower point, and Sugar and Leather
pfd moved up l. Lead rallied q. Al
the close the market was dull, bug
firm, prices generally lower than IT.
the final sales of yesterday. notably
Tobacco pfd, Laclede Gas, Canadian
Pacific and Flint & Pere Marquette pfd
! per cent; Oregon Navigation, IL, and
Consolidated Gas IA. Advances We're
SoldDllSHStl VI ~ III 1IIEiiOlS OiStl, IA
in Tennessee Coal and Sugar, and
per cent in New England.
Bonds were quiet and irregular and
closed in the main lower. The pri1~
cipal changes: Advances-Lehigh Val
ley Coal ~, go; Northern Pacific divi-
dend scrip extended, AZ; Northern Pa
cific consol Us, IA; Northern Pacific
trust receipts, 3; st. Paul & Mime
apolis lists. rs; Burlington debenture
IS, 134: Norris & Essex lists and Lehigh
& Wilkesbarre conSol rs asSented 115
and Burlington, Denver division As,
Louisville & Nashville, New Orleans
& Missouri lists, c., c., c. & ST. L.,
Cairo division Is, and st. Joe & Grand
Island lists l per cent. Declines-Cen-
trail Pacific land grant IS, 212; n. Y,
n. II. & Hartford lists, 112; do consol
debenture certificates, Missouri, Kan
Sas & Eastern lists, 1h; Kansas G,
Texas DDS, IA, and Denver & Rio
Grande Is and New York. Chicago &
St. Louis Is per cent. The sales were
81, 550, 600.
fetal SALES OF STOCKS
today wre 1915 shares. including:
American Sugar, 68,6G0; Burlington, u,
zoo; Chicago Gas, 26. 300; National Lead,
$500; Reading, 1880; st. Paul, 1900;
Tennessee Coal and Iron. 400: L S.
Leather pfd, 1890; Wheeling & Lake
Erie, $500.