St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-12-21

absolutely confirmed. 1t is, however,
only a question of time when more
gold will go. The decline in consols
was not ON investors selling. In Amer
leans, on the contrary, the rush of gen.
uine holders to realize was enormous,
the shock received by the tone of the
presidents message, and still more by
its acceptance by the house of repre-
sentatives, being the severeSt ever eX-
perienced here. 1t was rumored that
100000 in gold have been engaged by
Rothschild for shipment from America.
1 cannot confirm this, but the report
comes from a good quarter. Prices
closed fraction above the worst"
LONDON, Dec. 2O.-Consols. for mon
ey and account closed at 1864. The
Evening Standard says: 1.-The declines
were in sympathy with a further heavy
fall in Americans, which went down
from 10 to 8, st. Paul leading the way.
American bonds were also freely Of
fered, and unless these are taken up
for New York the outlook is gloomy"
There was extreme depression on the
Manchester and Glasgow stock ex-
changes.
The Westminster Gazette says there
was AiidiCAil paint III Tie ldll VI
prices of American railroads, declines
being: Chicago, Milwaukee & st. Paul,
AZ; Louisville & Nashville, 33s; Den
yer & Rio Grande preferred, "a; llli-
nois Central, 2; Atchison, rs, and Can
adian Pacific, 212. The Westminster
Gazette says: Not only is the selling
for the account of investors, but specu-
lations for drop have commenced on
a considerable scale.''
Baron Rothschild, discussing the sit
uation, said: From a business point
of view opinions cannot differ. All 1
want is peace
LONDON, Dec. 21.-The financial ar
ticle in the Times says: There are
many instances today where sales of
Anne rican bonds could be only effected
at eight or ten points below the nomi-
nal quotations. 1t is now evident that
President Cleveland's message will be
commercially and financially disas-
trous to America for a long time to
come. The more immediate effect has
been to restrict the credits on London
hitherto enjoyed by New York houses
and to cause gold exports Everything
points to a further pressure for money
In New York, and a premium on gold is
looked for unless the political sititLs ton
becomes less alarming. In the street
the days declines were: Louisville g.
Nashville, IA; Lake Shore, Z; St Paul,
61a; New York Central, 5, and Southern
preferred, 4. In the active bonds the
fall ranged from 11s to 81
The Standards financial article says:
1T is rumored that the Rothschilds
have decided to Immediately Withdraw
100000 from America. Whether this
is true or not, the gravity of the situ-.
alton is undisputed. President CleYe-
lands action has shattered all faith
in the financial future Of America
The Daily News financial article eX-
presses the opinion that an European
loan to repleniSh the United States
treasury is an impossibility at the pres
ent time
The Berlin correspondent of the Daily
Telegraph denies the report, as far as
Berlin is concerned, of the financial
writer in yesterdays Daily Telegraph
that negotiations are pending on the
continent for a loan of $50, 600, 900 to the
United States government, and says
an eminent banker said to him that
the idea was preposterous, and that
mot, one of the leading German banks
would dream Of supplying America
with penny for any purpose calculat-
ed to injure England"
The Telegraph's financial article
says: 1T issreported that other bank
ers besides the Rothschlds will with
draw their balance from America. It
is estimated that the gold shipments
from New York tomorrow will reach
S2,OOO,OOO, the bulk going to Germany.
where the money can be more profit
ably employed than here"