St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-10
FINANCIAL.
New York.

New YORK Nov. 9.-The stock market
to-day was more active than usual of late,
and at the same time remained weak from
the opening to the close. no rally of i'm
portance resulting even when the selling
pressure was removed temporarily. The
active list. therefore, is materially lower than
at the close oil Saturday, though the efforts
or The bears have been confined TO few
stocks the losses are all among those shares.
The market i'll general was influenced by the
foreign situation to-day more than by domes-
TIC affairs. and the bears made the greatest
use OF the disturbances in Berlin to depresS
prices, and the street was alive with alarm
ing rumors, none of which had any real
foundation
The selling of the foreigners was not so
marked to-day and the great bulk of the of
ferings were for the short account. Special
attention was paid TO the coal stocks. the
vague impression which has been created
That there is trouble between the companies
making those shares the faireSt marks and
IN them were scored the heaviest losses of
the day, though covering later i'll the day
also caused considerable of rally in them.
The Vanderbilts came in for large share of
the pounding and ali yielded readily in the
absence of any apparent support. but North
ern Pacific preferred Louisville & Nashville,
northwestern, Erie and some speculatiYes
were prominent for weakness throughout
the day. The opening was made at cnnces-
SONS from Saturdays final figures Of large
fractions all along the liue.
There was evidence of another attempt to
cover i'll the early dealings, and prices rallied
during the first haif hour, though the coaleTs
remained weak from the outset. The i'm
Provement was small. however. and under
the pressure brought to bear after the cessa-
ton of the first demand, prices Welded read
liy, and the whole list was soon put below
tue level of first prices. The afternoon was
marked by continued pressure, and all tho
stocks mentioned scored material losses, the
lowest prices being generally reached toward
p. m Though there was no rally of i'm
portance except in the coalers, the trading
remained large throughout. ana the cloSe
was heavy at or near the bottom figures. The
important losses included Northern Pacific
preferred ., New York Central and Wheeling
d Lake Erie preferred each 1ss Northern
Pacific lie. c., c., c. & ST. Louis. Northwest
ern. Lake Shore. Louisville 4 Nashville and
Wabash preferred each Ia, ana Western I'm
ion and Erie per cent.
The Post says: There is much TO be said
about the foreign situation, which bids fair
10 be much used as bear point on our mar
ket. that the supply of American securities
IN Europe is at present exceptionally low.
II London and Paris and Berlin ware loaded
up with our railway stocks and bonds as they
were in 1887, and in smaller degree i'll 1890,
there would be very good ground for antic-
lpatlng trouble here. The German and
French bankers are busy realizing upon all
their marketable securities in order 10 pro-
vide funds TO carry the unstable properties
which they have taken in hand. This must
affect London, and. directly or indirectly.
must influence our own markets. But it will
not do this through enormous sales of Amer
lean securities for European account The
American securities are not there 10 sell.
What is apparently certain. however, is the
fact that Europe will be of no assistance this
year to any general upward movement in our