St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-10
STOCKS ARE QUIET.
WAITING FOR DEVELOPMENTS
AT HOME AND
ABROAD. ~
BONDS TOO SLOW IN cn'""G.
HAVE THE ISSUE OUT OF
THE WAY
NOT MUCH GOLD TO BE SENT AWAY
Small Dealings in Shares at Prices
That Were Not Uniform-BOnds
Become Firmer.

NEW YORK, Jan. 9.-Today's stock
market is best described as a waiting
one. The volume of business under
went a considerable shrinkage and
there was a marked absence Of the re-
cent excitement. Prices did not move
uniformly, evincing the fact that stocks
were being dealt in subject to special
considerations affecting them, rather
than upon any general dominating in
fiuence, such as the war talk or the
treasury situation. At the same time
easy money rates and a weaker ten
dency in the sterling exchange market,
with encouraging decreased estimates
of the amount of gold to be shipped to
Europe, were factors in the speculation.
The sentiment in the street is almost
general on the point that more or less
deflnite understanding obtains regard
ing treasury relief measures between
the administration and powerful bank
ing interests. Late in the day rumors
We're current that pressure was being
brought to bear upon the president and
secretary Carlisle to have the interval
OF time for subscriptions named in the
bond call abridged. The first batch of
blank application forms for subscrip-
lions to the new bonds was received at
the New York subtreasury and was
quickly exhausted. Requests for an adj
d1tional supply of blanks were forward
ed to Washington.
For obvious reasons definite informa-
ton regarding the extent of subscrip-
lions is not obtainable. Almost without
exception, however, Wall street men he
HeVe that inability on the part of the
puphc to secure gold 10 pay for any
considerable proportion of the 500 0OO-
O0c issue of bonds will compel the treas
ury officials to avail themselves Of the
synulcate's assistance. 1t is also gen
orally held that this assistance will be
promptly Forthcoming If required Some
significance is attached, in this connec-
tlon, 10 the expressed belief at WASH
lhgton that exports Of gold in the in
tefVal before the closing Of the govern
Hient loan Will not exceed about one
sixth OF the free gold now held by the
treasury. Gold as a commodity is still
uealt IN at a premium of about half of
one per cent.
Stances, particularly in Sugar Tobacco tho
Vanderbilts, coalers, General Electric Rub
per ana Lead. The movement was somewhat
irregular Manhattan and Leather preferred
were Sharply depressed. The frst-named was
uhlavorably affected by rumors of Impending
Increased taxation. and the last by uncon-
HImeu reports that the company was endeav-
orlng To secure a 81, 900 900 loan and nersistent
rumors that the dividend to be considered
early next week will be passed. Manhattan
Of htsI improved per cent to 9S1a, but sold
0 0l 10 9o7s, with subsequent rally to 81
tfeslueht Gould was interviewed in regard to
the company's condition, and stated that the
pear reports were entirely unfounded Leath-
ef preferred dropped 4 per cent to 561b but
rallled with the general list late in the day.
cIoslhg, however, at net loss of 3 points
metropolitan Traction purchases of only
1,Ooo shares, rose SIS to 9s%. The advance
was attributed to repurchases by investors
The closing was dull and Irregular, but at
general net gains. which in some instances
were material.
the bond market displayed irregularity dur
ing the greater part of the day, on a decreased
volume OF business. In the late trading, how
ever, prices generally moved upward, under
the leadership Of the Northern Pacific issues
the IS rising per cent to 90. Dealings were
inaugurated in the trust receipts for Union
HScific 6s of '96 and SO at 95A and 961b re-
spectiyeiy. The dealings In governments ag-
gregated only So, 900. The market was feature
less, aside from the new fours. which ad-
vanced IA per cent the first call, but
subsequently receded to yesterdays closing.
The total sales of stocks today were 16S 9SS
shares, including: American Sugar, 16, 500:
American Tobacco 1900; Burlington, 1900:
L. d N. $500; Manhattan Consolidated. II
800; Reading, $4,000; St Paul, q, 900; Tennes-
see Coal, 3,7OO; United States Leather, 1900:
United States Leather preferred, 80 coo.
Inc Following table shows the fluctuations
OF the leading railway and Industrial stocks
yesterday: