The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-12-06

NEW YORK, Dec. 5.-Today's events in
the stock market brought additional dis
enlargement to those who had been at
tempting to maintain or advance prices of
securities. Liquidation was the order Of
the day, and many holders who have
waited for weeks on deferred hopes Of
the situation clearing up, and bull mar
kets being fnaugurated, threw over their
hoIdlngs today. The weakness was most
apparent in the industrials and special
ties, but the Rubber stocks were very
generally sold. There was some buying
OF stocks last week on the belief, by pro-
ress1onals, that the presidents message
was to be a bullish document, and its
publication today brought proft-taking
from those sources in the natural order
OF events. The paragraphs of the mes
sage bearing on the subject of industrial
combinations was the ground of the spe-
claI weakness in the Industrial depart
ment. quite number Of these securities
are from one to three points lower on
the day. A single lot of United States
Milling preferred sold at u, against 2214
the last preceding SALE This stock sold on
Sept Is at S57a.
But the principal influence in the DAYS
weakness was the money situation. The
spasmodic character of the selling and
the exceeding dullness of the intervening
periods, reflected the operation of loan
contraction by the banks, the successive
calllng of loans throwing blocks of Sc
curitles upon the market, which found no
support awaiting them
Ihere were some slight signs of firm
ness IN the early dealings, especially in
Sugar and some of the railroad stocks
The trunk lines remained comparativeIv
hrm throughout, but the slight evidences
OF strength elsewhere gave way to the
general tide of weakness
Ca!l money reached per cent early In
the day and receded to per cent before
the close, but the easing of the rate did
noC prlng any strength to stocks, in view
OF the general outlook Shipments of
money are still being made to New Or
leans, and the New York exchange rate
at important interior centers continues
al material discount The majority of
the banks being still very near or below
thelr legal requirements, the shrtnkage
III resources by subtreasury operations is
i ii.Iag sun further contraction of loan
napl1ties. The tendency is increased nv
the approach Of the annual settlement
peTlod Tor corporations, and preparation
LOT the special demand for money which
VIII be made by 1t upon the supply.
STEERING rates again advanced today in
New York, Paris and Berlin, notwtth-
standing further easing of the rate for
can money at the English center. The
new YORK rate is now within fraction
OF the gold export point, and it is palpable
that only stiff rate for money in the
Ioca4 market will hold it below that point
The closing Of the stock market was gen
orally easy and near the low point.
Prices of bonds declined in sympathy
with stocks. Total sales, par value, ST.
z6o'oV United States new As and old IS
registered advanced Il, and old As coupon
and 5s Is in the bid price.
STOCK QUOTATIONS.
Furnished by Charles HI r Smith e.
Co, members of the New York stot.k eS
cnange, Pioneer Press building, who Lave
dIrect wires to Chicago and New York,
Closing prices are bid: