St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-02
Merchants National Bank !
ST. PAUL, MIMI.
Capital, $1,000, 600
SurpluS& UndiVidedPFOftS, 800, 600
". r. MERRIAM. President.
{. ii. BIGELOW, Vice Presideuz
\ "A. SEYMOUR, Cashier.
eLO. L. POWER, Asst. CdshieS
DIRECTORS
FINANCIAL.
New York.

NEW YORK. Dec. 1.-The stock market
today was still very dull but there was a lit
tie life given 10 it in the afternoon by a re
newal of the bear raids with the effect of de-
pressing few stocks. The bears were again
active in the market under the leadership of
CammacS. ana while their attacks were dl-
rected chiefly against Richmond d West
Point, Missouri Pacific and the coal stocks,
they sold the whole list.
Their operations were aided at one time by
the report of the death of Cyrus W. Field,
butt became quickly known that Mr.. Field
has no large interests i'll the stock market,
either as speculative or investments The
pressure upon Missouri Pacific. which was
made the special feature of the afternoons
tradIng, was also helped by the circulation OF
rumors in regard to the cOmpany's floating
debt. In the forenoon Ohio a. Mssis sippi
was the leading feature, developing great
strength under the purchases of one house.
and rising from % to 264, but the upward
movement stopped there, and the activity in
the stock ceased.
The market opened this morning with q
firm tone, notwithstanding the dullness and
the limited demand which appeared was suf-
fclent as long as prices were allowed to take
their natural course, to advance quotat tons
further small fractions With the culmina-
ton of the rise in Ohio Il Mississippi the
bears became aggressive, and prices dropped
all over the list. and the early advances in
the general list were soon wiped out,
while Missouri Pacific dropped from
69l2 to 1893, Reading from 80 to
OilS. ana richmond " west ROlDt
from II to 9I2, the lowest point it has ever
sold. Delaware & Hudson also joined the
procession, falling from l23 to 1874. The
pressure was maintained right up to the last
sales. ana closed quiet to dull, but heavy, at
the lowest prices of the day, though the
great GjOrity 0 stocks were only slightly
lower than the opening figures. Missouri Pa
ciic, however, scored ne loss of per
cent and West Point 1ss and Delaware q
Hudson l "A.
The Post says: Reasoning, as usual, that
excessive dizziness on the stock market means
possible weakness, the bear traders this after
noon attacked the market with some success
They confined their operations, however,
almost wholly to the securities which are
cOnspIcuOusly without support. The buying
of Ohio & Mississippi in the first hour was
generally believed to be on Vanderbilt
orders, and was thought 10 indicate closer
relations between the Chese peake Il Ohio and
Ohio & Mississippi. There was a bear re-
port current that the Gould interests had
sold large amount of stock which had been
shipped from London, but that pending its
arrival here the sellers were practically
cornered. The brokers for the Baltimore 4
Ohio interests bid for stock at top figures,
but did not obtain any.
Total Sales of Stocks
today were 171,507 shares, including:
AtchisOn --..--.. 5.010IOhio & Miss. 1,025
Chicago Gas 80. 9, 40 Reading. 5000
Erie ........... 40, 700 Rich. q w Point II, 800
Louisville & N. 4.545lSt. Paul $500
Missouri Pacific 9.955l Union Pacific. $3.50
Northern P. pref. II, i05