St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-21
FINANCIAL.
New York,

New York, Nov. 2o,-Clearings, $751;
0lS, l64; balances, .S4.eS7, 495. Money on
last loan 2, closing offered at g Primo
mercantile paper, 6l2MSl2. Sterling ex-
change quiet and steady at S4.79l2 for
sixty-day bills, and Si.s6 for demand. The
and without any of the excitement which
has marked the trading in stocks for the
past two weeks, while the movements of
prices were irregular. and several changes of
the list irregularly changed from last
nights figures. The early London adj
vices showed an improved feeling there
and the governors of the Bank of England at
tbelr regular weekly meeting allowed the
minimum rate Of discount to remain un.
changed instead of advancing it to per
cent as had been anticipated. This caused q
demand at the opening here to cover shorts
cent while Missouri Pacific was I84 higher
and New England Ia. The upward move
ment lacked vim, however; and, while few
stocks scored further slight gains, the up
ward movement soon came to a halt Some
OF the traders who had bought at the low
prices prevalent yesterday realized their
profits, and the bears felt the market with
some short sales which soon turned the
current and the market sagged away.
An attempt was made TO depress the Gould
stocks with the apparent object of affecting
the whole list, but it was quickly discovered
that prominent house was buying largely
its early rise the raid soon given up
Extreme dizziness marked the trading for the
remainder of the forenoon. but after that
Tune the bears again became aggressive TAX
ing advantage Of the limited market as usual
to put out another line of shorts. The at
tack this Time was directed squarely at the
grangerS and Rock Island in particular The
rumor that the next dividend would be
paid was freely circulated and undoubtedly
had some influence and coming at
the same time with the announce
ment of the failure of Barker Broth
ers, in Philadelphia. helped materially
to depress the stocks of the general list. The
failure was of special influence upon Read
ing, and that stock kept pace with the grang-
ers in the downward movement as long as it
lasted. The drop amounted to about from l
to per cent in the grangers and fractional
amounts in the rest of the list, with the ex-
ception of Rock Island. which was knocked
down from 81 to 631s, and even the declara-
ton of the regular dividends upon the
Northern Pacific preferred and Burling
ton were of no effect in checking
the downward movement. The bears
Withdrew their forces toward delivery hour.
but the market displayed 10 recuperative
power, although there was evidence of good
buying especially in Missouri Pacific and
Union Pacific. Money was easy throughout
| the day, and silver showed some improve
ment, and the resistance IN the general list
was stubborn, having the effect of maintain
! ing most of the list outside of the grangers
| above last nights figures. and the final
| changes this evening show majority of ad-
| vances. The close, however, was heavy and
| dull ct close to the lowest prices of the day.
| Missouri Pacific is the only stock showing
| any material Improvement, and is ga per
| cent eigher. while Rock Island is down 3Is,
and Jersey Central per cent lower. Rail
road bonds also showed less aixmation
and the number of issues traded in was much
smaller than yesterday. while a steader tone
| marked the dealings throughout the day.
| The final changes, are however, quite irregu-
| lar, though the speculative issues are gem
| orally higher. The Northern Pacific rs led
! the dealings with S2l0, 900, followed by Rich
| mond & West Point IS with SIi2OOO
Richmond d West Point IS rose 2H TO 64 !;
Mobile & Ohio 4s = 10 SO. and Colorado Coal
| IS to Sl.U2 Government bonds have
| been dull and steady. State bonds have
hAAn dull and staadE. The Post SAYS: To