St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-21
FINANCIAL.
New York.

New YORK. NOV. 2O.-Clearings. Sal. 703.-
055: balances. S4.947, $40. Money on call
tight ranging from to s per cent; last loan
2 closed offered at per cent. Prime mer-
quiet and steady at S4.Sl for sixty-day bills
and 81. IS for demand. There was little Of
the bear animation left this morning with
which to continue the scare of the past two
davs and the temper of the speculation
again underwent change for the better,
with the effect Of closing stocks at or near
their highest prices for the day. which were
materially better Than the closing figures OF
last evening. The story Of the withdrawal OF
the government deposits from the
banks was auth0ntatively denied,
while many of the influential operators,
and railroad officials, including Mr.. Gould,
were out with bullish interviews and TO cap
the climax, London, which has been seller
in this market for the Last two days, turned
I'D buyer on a liberal scale. supplemented
by the Western operators. The bears were
not disposed to give up the fight without
struggle and raids during the day were fire.
quent though not Iong-lived. and consider
able feyerishness was exhibited hy the deal
ings under these disturbing influences. The
upward movement which began at the open
ing, however was not interrupted TO any ap-
preciable extent throughout the entire ses-
sion, the buIlish element being much more
aggressive than at any time within the
past week. The Changers were the
most prominent group of stocks, st,
Paul and Union Pacific being most active of
the regular list outside Of Reading, which
was the special object for the raids of the
bears, especially in the afternoon. Missouri
Pacific was also pressed for sale at one time,
but the impression made upon it was slight,
the loss was soon regained, with something in
addition. Large amounts of Reading changed
hands on the drive, and the price was forced
off about ! per cent, but its final change is
entirely insignificant. and considerable rally
ing power was shown in the last hour when
lo roid Tboro
of the sharp movements among the special
ties, and Tennessee Coal vibrated rapidly,
as usual, though its fluctuations were
not quite SO violent as during
ern and Denver, Texas & Fort Worth were es-
pecially strong and active but the others
were not so prominent. The trusts were in
clined to weakness at first, but recovered
laler in the day, though Sugar and Cotton Oil
were active, their final changes are slight
The news of the day was not of special i'm
portance but it was almost all of an encOur-
aging character. In the last hour a material
improvement was made, especially among
the loT-pTiced shares. The close was quiet
but strong at about the best prices of the
day. The final declines are few in number
and for unimportant fractions, while Denver
Texas d Fort Worth rose 2Ss; Manitoba. 1$s
Pacific Mail I9s; st. Paul and Unto
and Burlington d. Quincy l per cent each.
Railroad bonds were quiet, though there was
q little more animation in the list than yes
terday, and the Leclede Gas 5s figured for
1892, and the Fort Worth d. Denver 1st
for $3.50 0 out of @ total days business of
81 234. 900. Less movement marked the dear
ings, however, and even the active issues
failed to make any feature TO the tradings
which was maintained at the same dead level
throughout the day. Col d Gin. Midland 6s
rose to 90, The Posts financial article
says: Notwithstanding that London sold
some stocks on Monday owing to vague APP
prehensions of monetary disturbances that
might grow out of the Brazilian
revolution. the general temper of the
London market is favorable to higher
prices for all American stocks and in
the syidity with which English capital is
buying breweries, grain elevators and indus
trial establishments of every sort in all parts
of the United States. There is still some eX-
pectation that the Bank Of England may
raise its rate OF discount tomorrow. but the
scare in regard TO South American affairs has
subsidized, and this morning the temper OF the
London speculation was shown in the early
prices in London before the opening Of this
market Chicago is also bullish on the
| granger stock, and between these two influ-
| for about every stock on the list. The absurd
| story started yesterday to the effect that the
] secretary of the treasury was about
| to call in the government deposits in
| the national banks was not believed
| by any one yesterday. 1t was not the cause
| of yesterdays lower prices which were due
| almost entirely to to manipulation and ham,
| mering of the market by the bears, and the
recovery this forenoon was not due to the de-
of the government deposits, hut to the buying
! of Stocks bV London and Chicago both YES