St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-23

aging, MS 1t reflects the purchases of securi.
ties. which have been paid for outright and
taken from the street. There was some sell
ing by arbltrage brokers. and also some TAX.
ing OF prohts by the traders who say that the
advance has been too rapid to last. but The
demand was so urgent that there was no in
terruption To the upward movement, ana
only one or two weak spots entire list
North american was one, and the other
Willard stocks hesitated i'll sympathy.
The market opened with continuance of
the activity and strength of yesterday. and
the opening advances were generally for
large fractions, While Missouri Pacific and
Canada Southern each were 1l2 per cent
higher. Great activity marked the dealings
during the first hour, and the upward move
ment was very pronounced, the whole list
with the exception of the Wizards and one
or two specialties, advancing with great rap
ldity. There was some hesitation before the
issue OF the bank statement, but after that
was issued the upward movement was re-
and active at the best prices of the day
North American yielded slowly, and
is alone Ill showing decline of
all The active stocks. The loss
Lackawanna rose 27s; Rock Island, pa:
Union Pacific, 9; Wheeling & Lake Erie pre-
TERED, and Missouri Pacific, lss Atchison
and ST. Paul. l5S: Canada Southern, and
st. Louis per cent. Railroad bonds were
as active as usual of late, and the strength of
the market was in strict conformity to the
advance In the share list the final changes
show many marked gains among the active
bonds. The sales were l,l5o.00n, out of
which the Texas Pacific incomes furnished
S123.OOO. The important advances were
burlington Quincy Nebraska is, to SO:
Hooking valley 6s, ) to S3; Mobile & Ohio
As, 2ly TO 90; Northern Pacific EDS to IOs,
and Northern Pacific 5s 2 to So. The exports
OF specie from the port of New York last
week amounted to S30S.4 99, of which S73.-
562 was in gold and S4S4.927 silver. The
imports OF specie amounted TO S332, 81 5. of
which $500, 42O was i'll gold ana S26.S95 in
silver. The trade IN petroleum was very
light to-day, only 5000 being dealt in at
both exchanges. The opening was firm, then
the market became duh, and renamed so
until the close. The Post says: London was
agana buyer of stocks this morning, and the
early prices there were higher than the clos
Ing ngures here last night. Discounts there
are easier, and the whole financial situation
there isimproving. But London is not the
leading factor in the advance in stocks now
To a considerable extent capital
there will be still locked up in the mass
of from S7O0,h0O.OOO to $500, =
will have to be nursed by the addition of
other capital, while the syndicate of bankers
who hold them will necessarily have to as
sumo practical protectorate over English
finances and Argentine politics. The weak
ness In stocks and railroad securities had us
origin III London. but the recovery which
seems TO have set in at last after six months
of decline is almost entirely due to the buy
part of it being the capital of the general
public, who are not the usual specu-
lators in stocks, hut only come as
buyers in conjunction with some
great and radical change of values
The lowest prices for all stocks which have
been made for many years were those of
Nov: Is. Is and 10. From that point there
has been general recovery of from to 6
points in the last week. though this still
points below their prices in May. Sales of
stocks oday were 223,iS6 shares, including
Atchison. 1896; Delaware Lackawanna &
Western, 80: Lake Shore, $50; Louis
$3.50; North American, ISL; Northern
Pacific, 7,l5U; do preferred. 1908; New
England, 4,445; Pacific Mail, 1928; Read
ing, ., 721; Richmond & West Point, L.
05I; st. Paul, 2O,01O; Union Pacific, H.