St. Paul daily globe., 1895-11-22
STOCKS WE'RE STAGNANT AND
THE OPERATIONS WHOLLY ib
PROFESSIONAL. III
NOTHING TO BOLSTER u.
UNCERTAINTY ABOUT THE
AMOUNT OF GOLD TO BE EN-
PORTED.
~
Whent Loses Three Quarters OF
LOss-BOnds Lack Good Eb
Tone. --.3

NEW YORK, Nov. 21-Today's stock
market was purely a professional af-
fair. The dealings showed falling off
in point of activity of approximately
one-half of the preceding days total,
and at intervals the market lapsed into
stagnation. This condition was in
large measure attributable to the elm
ination of a large part of the short
interest on Wednesday and to the un-
willingness of the professional dealers
to commit themselves to a decided
stand pending uncertainty as to the ac
tual amount of gold to go out on Sat
urday. Up to the close of business
only $1,000,0O0 had been engaged, but
all present indications point to at least
S2G0000O additional to be forwarded to
Europe at the close of the week
The market opened dull, with the ini-
tial prices irregular, but in the main
higher, in sympathy with the more en-
couraging foreign news and a recov-
cry in London prices for Americans
after an early decline. The bears
quickly moved against Chicago Gas on
rumors of expressed disapproval of
the consolidation plan by the attorney
general of Illinois, and depressed the
W ASS d punt. he Subsequent
official denial of the rumor had no
rallying influence, and the stock closed
practically at the low point. In the
general market the early dealings were
characterized by a uniform stiffening
tendency, and prices were carried above
last nights closing sales.
The support of the covering move
ment failing toward midday, general
fractional recessions occurred, except
in the case of Tobacco, which was
pressed down IL per cent. The pub
lication of the statement of the Lake
Shore for the quarter ending Septem-
after charges of $207,4 ,431, stimulated a
sharp advance in the market price of
the stock of II. During the day the
general speculation lacked snap. The
gold export probabilities hung over the
market and induced a sagging ten
dency to prices, which increased in the
late dealings, with the grangers and
Southwestern shares most conspicuous
for lack OF support: The closing was
heavy in tone, with the result of the
days operations general fractional net
declines.
The dealings in railway and miscel-
laneous bonds again lacked a decided
tone the sales were 100000 The
more noteworthy advances are: Gen.
eral Electric debenture 5s, per cent;
Erie fifth extended, ~: Oregon Short
Line consol IS, trust receipts, IA, and
Detroit NJ. & NJ. land grants, Pennsyl-
vania 41ss, International and Great
Northern seconds, and Northwest
sinking fund 5s, ! per cent. Declines
Oregon Navigation 5s, trust receipts,
and Savannah & Western firsts, trust
receipts, per cent; Union Pacific gold
6s, 112, and Louisville, New Albany con-
soils, Peoria & Eastern, and st. Paul
firsts, Southwest division, 1 per cent.
Governments were without feature.
The transactions amounted to $1,000
In state mortgages, $4,000 North Caro-
lima consol As were traded in ,AtC.
The total sales of stocks today We're
121, ,46O shares, including: American
Sugar, 13, 100; American Tobacco, 1900;
Burlington, 3,1OO; Chicago Gas. L, 200;
Louisville & Nashville, 5,40e, Manhat-
cific. 4.5CO; Reading, $780, Rock Island,
1900; st. Paul, 1000; Western Union,
1850.
The following table shows the f1uc-
tuations of the leading railway and
industrial stocks yesterday: