The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-17
SHARP STOCK GAINS
GENERAL LIST CLOSED FRACTION
ALLY HIGHER AT THE DAYS
BEST PRICES.
BEARS DRIVEN TO COVER.
LOWER FIGURES ON AMERICANS IN
LONDON IGNORED BY THE
TRADERS.
GOLD EXPORT RuMoRs DENIED.
Speedy Maturity of Loans Made to
Europe of Fifty Millions sufi-
Client to Prevent.

NEW YORK. Dec. 16-The volume of bust
ness in stocks was about equal to yester-
Gay record, and the dealings were fairly
well distributed. Considerable irmness was
evident IN the early trading, and general
gains were made. The positive influence of
the favorable international trade statement
Tor November, showing an excess of $50, O53-
SS5 in exports over imports and a gain for
the eleven months of 1886, 066 709, and the
negative encouragement or the absence of
disturbing news from Washington on the
Cuban question were considered responsible
Tor the improvement Another bull item, also
negative In import, was a denial of reports
DaSed on the increasing firmness of the ex-
chahge market OF probable resumption of
soiu exports TO Europe. The strength of ex-
change was attributed mostly to the ap-
proachlng January disbursements for inter
est ana olVldends on American securities held
abroad and to the higher discount rate in
London, where money is again hardening
bankers say that there is no prospect of gold
exports, owing to the impending maturity at
4 uIsaN ans up TO FEB. l, of loans made IN
EUROPE on exchange, estimated to aggregate
IN amount from $35, 600 900 to $50 600 600 The
considerations noted induced liberal covering
py tne pears me lower prices for American
securities IN London were disregarded by the
traders, and in the specialties manipulation
Iof rise was clearly apparent, The gold
export rumors above referred to caused a
reacrlonary tendency soon after the first hour
ana special pressure was directed against q
Few STOCKS, notably Burlington which fell
per cent, also on rumors affecting the diyi-
dend question, based on the unsatisfactory
franc returns and increasing floating debt
Inc American Spirit shares also declined ma
ter1ally on the delay in effecting trade ar
rangement. Liquidation was discernible in
several stocks. with unfavorable Sympathetic
eHect upon the general market. A better tone
developed round midday and heavy covering
OF snorts was noted, carrying the active list
14z!2 per cent over the low points The
closing was strong at the best prices of the
uay, with the general list showing sharp
fractional net gains
Inc bond market was irregular on moder-
ate transactions, which included number of
me usually inactive issues. Sales were 81 5O9-
VuV' Inc principal declines ranged from liz
70 per cent The last in Brooklyn Elevated
seconds. The more important advances
ranged from 112Q2H per cent. Governments
were strong and slightly higher on sales of
:, OOo In state securities, SIS, 900, Virginia
Centuries sold at 81.
The total sales of stocks today were 2O6. 500
shares, including: Sugar, 40 500; Burlington,
81. 1OO; Chicago Gas, 7,100 Chesapeake & Ohio,
Zoo; General Electric, $500; L. & N. 200:
Manhattan, II, 400; Reading, q, 100; Rock Is
LAND, {, 400; St. Paul, 81 800; Tennessee Coal,
I, 400; Union Pacific, 2,100; Western Union.
100; Wheeling & Lake Erie, 1900; Southern.
800; Southern pref 2,700
The following were the fluctuations of the
leading railway and Industrial shares, fur
n1shed by c. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: