St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-08
NERVOUS Ahh Day.
STOCKS IRREGULAR, WITH MATE
RIAL LOSSES AND ONLY PAR
TIAL GAINS.
AN UNCERTAIN SITUATION.
WORKING ON THE MAR
kET.
GOLD ORDERS NOT VERY HEAVY
Shipments Today Will Be Smaller
Than Expected-Bonds Still On
the Slump.

NEW YORK, Jan. THE stock mar
ket today was nervous and evidence
was pretty clear of support by powerful
financial interests. The influences op-
Grating on the speculation were not
changed in any material degree. Re
ports IF renewed disturbances, both po-
1tical and financial, in Europe, and
lower prices for our securities in Lon
don, gave tone to the local opening. Ac-
cordingly the market started inactive
and heavy. RumorS Of probab BILE heavy
exports of gold by Wednesdays steam
erS, continued discussion of the govern
ment bond call and the probable devel-
opments incidental thereto, predictions
or tight money and liquidation Of in
Yestment railroad bonds for local and
foreign account, were all taken into ac-
count, but 1t was soon patent to eXpe-
rlenced observers that strong hands
were under the market. Money on call
at the stock exchange did not exceed
the legal rate, and eventually was Of
iereo freely at per cent, closing offered
at per cent. The engagements of gold
Tor Shipment by the midweek steamer,
though fairly large, aggregating 81
fZo,O00, fell short of the extreme esti-
mates The reports of increasing fric-
tlon between England and Germany on
the Transyyaal question disposed the
financial Community here to consider
country and the first-named nation on
the Venezuelan controversy as very re-
mote
The initial prices recorded declines Of
10 per cent, but the selling movement soon
aDated and on a considerable diminution in
the volume of business a rally occurred ali
along the line. The upward movement was
INSPIRED ad by large purchases of the interna-
to pressure on the part of powerful banking
f t against the shorts. The dealings
lIr Lohdon were estimated high as 90 900
s So with st; Paul counting for nearly half
OF the total. The recoyeries from the early
low points extended to 81 per cent in To-
Dacco; sugar rallied 2B; Consolidated Gas.
2hs; st Paul. Burlington, and New Jersey
central, ~; Pacific Mail and Leather pre-
ierred, 2, and Northwest, 23s per cent Late
IN IN the day the market was tested by the
pea pears ana there was some liquidation, caus-
IN ns T recesslons OF to 21a per cent, the last
IN Iopacco. Among the less active shares
some WIDE changes were noted. Minnesota
IRON gave way 10 per cent to 3d. and rallied
f 20 co. minneapolis & st. Louis second pre-
ca 70 AZ. In the final dealings, prices stiff
1ened generally. The closing was firm.
,vi RbFd K prices slumped sharply again today,
weak. The sales amounted to 81 AZ mn Tn
STATE STATE securities slight decline occurred in
' Tgn tats Centuries dealings of $4,000.
shares, including: American Sugar ID Goa.
American Tobacco, $4,000; Atchison. s Goo:
i burlington; 1920; Chicago Gas $500; Dis
aoo hsnsas Texas preferred
Pa acme, $500; Reading, $500; Rock Island.
$500; st. Paul. $4,000; Southern Railroad
100; Southern Railroad preferred, 5000;
preferred, $500; United States Rubber. 4 zoo.
Erie, $500. ~ H"ho
The following table shows the fluctuations
yesterday: sIooA'