St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-21
ST0GESADlHnGLN0
CONFIDENCE u THE GOLD STl5-
DECATE SUSTAINS THE HAIR
KEF.
TOBACCO MAKING GAINS.
TRADING LESS ACTIVE. BUT 4
ETR37 TONE TO SPECULA-
TION.
sUGAR SHOWS SO5IE WEAKNESS.
SUGAR SHOWS so5iE WEAKNESS.
Ea-Ge blocks offered by "a Bear
Operator-More Animation
an Bonds.

NEW YORK. Aug. 20.-The stock
market was remarkably well held to
day, in the face OF heavy withdraw
ais of gold from the su5-treasUry Tor
shipment TO Europe. That tbs move
ment did not affect the share specula-
ton Unfavorably, bringing, as it did,
for q short time, the gold reserve be-
low the $780, $4,000 mark. was due to
a belief that the bond syndicate would
deposit in the sUbtreasUry gold in
SUFFICIENT amount TO keep the gold
reserve above the point which seems
to be regarded as marking the national
financial danger line. This confidence
was not misplaced. fer before the
close OF business the syndicate de-
posted IN the subtreasury $2C40. 0G3.
which viii serve TO hold the reserve
above Slg009J,0G9. The trading on the
stock exchange was less active. than
yesterday, and although American
Tobacco was prominent in the t-ansae-
tons, the dealings therein were not
attended by the degree OF excitement
which characterized yesterdays spec
ulaCOn. The stock was in good buying
at the opening, 300 shares being
taken, from q 10 IS. with q subsequent
advance 70 S6l2, making a gain from
last nights closing OF ~ per cent.
The tactics OF the manipUlators of the
shares seemed Tor the moment TO nave
changed. and from sellers they became
buyers. There was some selling. pos
Slbly by followers OF the bear clique,
who were not aware OF the new order
OF events. and q reduction TO 1884,. fol-
lowed n the later dealings by a reCOT-
cry 10 S5l2, and at the close by q re
ceSSiOn to SO, which IS + per cent
above last nights closing. The pre-
ferred shares fell off I per cent TO i0J.
but were bid for Al 1C6 at the close.
Sugar developed pronounced weak
ness early in the trading. on large Of
ferings by bear operator, ard broke
2l2 per cent The general list receded
q small traction IN sympathy, but be-
fore II o'clock q good demand spraug
up Tor the coaierS. accompanied by
reports Of an impending agreement
among the companies. New Jersey
Central sold up - per cent to lUS, the
high point of the year, and the other
stocks OF the granger group, Is to -
per cent, the latter in SusGuehanna &
Western preferred. The market at
large was helped by the strength dis
played by the coal shares. and q we'll
distributed rise was effected. ranging
UP TO rs per cent, the later in Sugar.
The temper Of speculation changed
quickly, and under a renewal of the
pressure to sell q break OF Is TO rs
per cent tOCA place, in which Lake
Erle & Western shared. and Leather
preferred. Pullman. New jersey Cen
tral. Chicago Gas and Sugar were most
prominent Before midday the de-
cline wss checked. ana under the
leadership Of Sugar. the grangers,
Leather preferred. New Jersey Cen
trail and Lead, q rally OF 1sG2 per cent
was recorded
Bonds were more animated, the sales
aggregating $1,262. 900. The specula-
ton was hUllish. -Lehigh and Wilkes
barre IS advanced 212 per cent; Burling-
ton, Cedar Rapids & Northern IS and
Oregon Navigation collateral trust 5s
receipts ?; Louisville & Nashville and
St. Louis lists, Southwestern extension.
~; Chicago and Erie f1rsts, rs, and
Panhandle, l2S series a, Long
Islands. International and Great
Northern lists and Burlington sinking
fund IS. 1 per cent. Lekigh &Wukes-
barre consOI IS assCnted. Louisville C
Nashville unified fours and Kansas
Pacific consols trust receipts reacted
IL and Beach Creek IS per cent
The total sales Of stocks today were
2S4-2.2 shares. including: American
Sugar. 71.S5p; Tobacco, 10000; Atchison,
4 200; Burlington. 12.6o9; Chicago Gas,
1890: National Lead. 3,100: Reading,
27.39G: Rock Island. n.5C0: St. Paul
$3.50: Leather preferred. $500; Western
Union. $500: Wheeling q L. E.. 10000