St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-18
STAGNANT AND DEALINGS
LIGHT.
OPERATORS. TAKING A REST.
UNWILLING TO Do MUCH UNTIL
THE FINANCIAL sky CLEARS
OF IT'S CLOUDS.
SMALL SHIPMENTS OF GOLD.
General Recession in Prices on the
LiEhtest Volume of Business
for Some Time.

NEW YORK, Jan. r7.-Dullness was the
main character Of the stock speculation to-
day, and as usual under a similar condition, a
sagging tendency in prices noted. The
aggregate dealings did not exceed 10000
shares, volume Of business that would in a
regulation market be recorded in O. single
hour or less. Or such market detailed COM
ment is almost superfuous. The semi-stagna-
ton illustrates the purpose Of the larger OPP
orators TO postpone dealings an important
scale until the political and financial out
look is clearer Should money continue rea-
sonably easy during the comparatively short
interval before the bids for the government
loan are opened and the success Of the loan
Is demonstrated, an improved condition of
affairs In Wall street is expected to rule, pro-
viding of course that no political entangle-
ments occur.
and prices Eagged throughout the day. the
depression becoming marked in the closing
dealings. The news OF the day, aside from
the announcement of a call for q meeting of
the anthracite coal presidents for Thursday
OF next week, was calculated to operate I'M
fayorably on prices. The publication OF en-
couraging exhibits by several important rail-
roads for the second week in January also
failed to stimulate activity or advance. Lon
don cables came lower and the selling for
that account was continued on a moderate
markets no special change was noted. The
engagement Of only $1,000, o00 in gold for ship
ment tomorrow did not elicit any encourage
ment. Previous estimates were from 81, 900
to SO, COG, 900.
A temporary demand from the shorts re-
suited in an early advance of / per cent in
Manhattan to 101. The abatement Of the in
quiry for covering purposes caused a reac-
ton later in the day to 991a. Leather pre-
ferred was under continuous pressure and
yielded 2% per cent On sales to realize profits
accruing from the recent rally in the stock.
Sugar lost about l per cent, despite re-
ported slight advance in hard grades of the
product The other principal declines were
In the grengers, Southern preferred, Balti-
more & Ohio, Lake Shore. Rubber, Chicago
Gas and Cordage guaranteed, and ranged
from l to ~ per cent, the last in Cordage
guaranteed. The final prices were the lowest
Of the day.
In the railway bond market prices were
fairly we'll maintained in the early trading.
In the late session, however, declines &C.
CURED, III sympathy with the depression in
the stock speculation. Government securities
were quiet, on sales of ST., 900. The IS coupon
were IL per cent lower in the bid price on
the first CALL but subsequently were traded
in at an improvement of 1s per cent over yes
terdays closing bid. There was an increased
distribution of business in state issues on
dealings Of $13, 900.
The total sales of stocks included: Amer
1900; Burlington. $500; Chicago Gas, 1900;
Louisville & Nashville, $500; Rock Island,
1000; st. Paul, II. 200; Southern preferred,
S600 United States Leather preferred, 10000;
Western Union, 1890; Wheeling & Lake Erie.
1900.
The following table shows the fluctuations
Of the leading railway and Industrial stocks
Yesterday: