The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-11
UNSETTLED BY CUBA
LEADING BROKERS KEPT OUT OF
THE MARKET BY THE AGI-
TATION.
STOCK MOVEMENT IRREGULAR
OPENING WAS HIGHER AND THE
CLOSE WEAK AT THE Low
EST.
BOND MARKET FAIRLY ACTIVE.
The Trend of Prices Upward, Ex-
cepting for Some of the spccu-
Iative Issues .
STOCK MOVEMENT IRREGULAR
BOND MARKET FAIRLY ACTIVE.

NEW YORK, Dec. 10-Until the Cuban
agitation in Washington is over. prominent
security holding interests declare that they
Will not commit themselves in the market,
and for this reason spells Of intense dullness
are noted. contributory influence is the
lndisposition on the part of the bear lead
ers to extend their obligations, merely. while
IL is so difficult to shake out long stocks.
The last mentioned faction continues to work
against the high priced specialties for effect
upon the general list, but is careful to lose
as Few stocks as possible in its operations
Regardless of other considerations the adyo-
Gates of higher prices for securities are
chilled by the continued unfavorable charac-
ter of tho exhibits of earnings made by
number of the leading lines and by the ma
terlal contraction in general trade, as part
ly indicated by the abnormal ease in money
and scarcity of mercantile paper. London
also fails to figure to any noteworthy ex-
tent as buyer Of our securities, and, in fact.
In some shares continues seller
AS usual the specialties were affected to-
day by peculiar considerations, inducing
liquidation. The market opened at general
improvements, despite a heavy decrease in
the st. Paul earnings for the first week in
December which had been expected to mater
Tally assist the bears in depressing prices.
London, contrary to the theories of the trad
ers, sent liberal buying orders for the stock
winch were, however. inferred to represent
covering This unlocked for development
impaired firmness to the general list. Read
ing was subjected to a raid soon after the
opening, on rather vague rumors of impend-
ing proceedings by the Pennsylvania state
authorities against the new organization In
huential interests in the property expressed
olsDel1ef In the reports, but suggested that if
true, they would probably represent mere
tecnnlcalltles or some small private suit.
Consolidated Gas made a further break of
z12 per cent to 1882 on the agitation for
reouctlon In the price of gas and the Or
ganization of the Consumers Fuel company.
subsequently the stock huctuated widely and
finally left off at 155. Long Island was again
conspicuous by break to At, as compared
with 81, yesterdays final transactions de-
spite the reassuring statement of the presi-
dent OF the company as to its general condi-
ton. In the late dealings the stock rallied
to 80. The substantial rallies after early de-
preston also occurred in other instances.
Illinois Steel declined per cent to As on the
the statement that the dividend had been
passed: This decision was not made known
until late in the day. although the drec-
tors had been in session the greater part
of yesterday.
stagnation, and the fluctuations as a rule
lacked Importance, until receipt of Wash
ington Cuban agitation advices encouraged
a bear drive, under which many leading
shares yielded point or thereaboutss &c
c., c. & ST. L. broke 21A per cent on the
expectation Of continued unfavorable re-
ports of traffic returns. The closing was
weak with prices at about the lowest
The railway bond market was fairly active
and with the exception of sheaviness in some
of the speculative issues, the tendency of
prices was upward. Union Elevated frsts
were conspicuous for a slump of per cent
to II with subsequent recovery to 721s. The
net gains in the general list ranged from
l92 per cent. The sales were 81, 652 000 Gov
a oh on tran
lions Of $4,000. The total sales of stocks
today were 1859 shares, including: Sugar,
26,2O0; Burlington, $780, Chicago Gas, $500;
Paul, 1900; Western Union, 310O.
The following were the fluctuations of the
leading railway and Industrial Stocks as fur
nished by Charles H. F. Smith & Co., men,
bers of the New York stock exchange and Chi
cago board of trade: