St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-19
FIN ANS EAa.
New Work.

NEW YORK, Jan. 1S.-1he upward
move ment of the stock exchange was
continued today in the face of uneX
pectediy heavy movements of gold for
shipment to Europe tomorrow, the total
up to the close of business being $1,000
GOO, which, With Tuesdays report. make
the aggregate for the week $5,250,0 COO.
The subtreasury furnished $3,300,000 of
the gold to be shipped, which brings the
government gold balance down TO less
than So, 000,000. Under ordinary cir
cumstances this drain upon the coun-
try'S stock of gold and the depletion of
the treasury reserve would have been
made the occasion of an attack upon the
speculative values, but today the bears
made no demonstration against the mar
ket, and a steady improvement was
made. which was unchanged save for
slight reaction in few of the inactive
shares about the middle of the afternoon,
which was subsequently almost entirely
recovered. Among the factors in the
strength of the trading place must be
given to the abundant supply OF loan.
able funds and the low rate OF call
money, though the chief moving in
fiuence it is believed is the prevailing
impression that congress will pass some
remedial legislation which will tend to
strengthen the finances Of the country
and relieve the strain on the United
States treasury. The better feeling in
London regarding American securities
and buying here for the foreign account
also helped toward the firmness of the
market. AS on yesterday, the buying,
though no means heavy, was well dis
tributed throughout the list, and was
not confined, as of late, to a few active
cfn of
control and which were manipulated to
suit eXigencies. The wider range of
trading is perhaps the healthiest sign of
the current speculation and the most
hopeful in the immediate future Of the
market, Chicago Gas led in the trans
actions, the purchasers thereof being
credited in the main to interests which
arc seeking control of the property.
The stocks sold up 25s, With final re-
action of 55, leaving net gain of "a.
Sugar was second in the list of sales,
opening g lower, advancing ~, re-
acting % and rallying Il, the advance
on the day being per cent and on the
preferred Is. Laclede Gas preferred
shows loss of u, Consolidated Gas.
ia Leather preferred and Colorado Coal
Is and few other shares smaller
fraction. A majority of the list is
ulSnCI 1HuU DIT tliC LlUoC vi NCHlcl udg,
the principal advances being: Cotton
oil preferred, B. & o. and Kanawha
and Michigan, II; tobacco preferred,
Ia; Alton and Terre Haute, ~.
The transactions in the bond market
today were again animated and the total
of the days business reached Sl.554, 500.
The Atchison issues were the leaders in
activity and figured for $240.000. There
was an absence of the strength which
marked the dealings in these securities
on yesterday and both mortgages closed
slightly lower. The general market
was in the main firm. Notable declines
we're: Galveston, Houston 81 Hen
derson IS, 3 per cent; Colorado coal Is.
2 per cent The total sales of stocks
today were 1885 shares, including:
American Sugar. 10000; Burlington,
300: Chicago Gas, 2.7O0, Distilling and
Cattle Feed, $500; Manhattan Console
dated. 100; Northwest. 1900; Reading.
3,CC0; Rock Island. COCO; st. Paul, ZOO.