St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-09
SHIP YOUR WHEAT,
BARLEY, RYK, OATS AND HAY
ECKERT, WILLIAMS & Co.
DULUTH, MINI.
Consignments Solicited.
MS SOIlCIteu.
FINANCIAL.
New York.

New YORK Nov THE stock market
to-day shows some of its old-tme activity
but was feverish and unsettled from the
opening to the close, with great irregularity
i'll the movements and the final changes are
Insignificant i'll almost all cases. The feature
of the trading was the heavy demand from
the shorts, and the urgency of the buying
was seen III the unusual activity, and the
manipulation having for It's object the accu-
mutation Of stock without advancing prices
The hammering continued in some portions
of the list to mask the covering in the other
parts, and the old tactics of abandoning the
effcrt to cover when it became evident that
the movement was advancing prices too rap
idly with a return to the hammering opera
tons at the close was resorted to-
The recent selling based Oh the absolute
certainty of a bad bank statement had its
conclusion to-day. and while the decrease in
reserves was material, il was seen 10 he
largely due TO an expansion of loans, which
it Is evident went to support the situation in
Boston. The banks, however. are still in
very good condition, and, while the state
ment was made up on falling averages. it is
probable that there is still plenty of room for
4 further expansion.
The opening was lower. and jersey Central
was off H. but the heavy demand immedi-
ately turned the course of prices, and the up
ward movement carried the figures up from
u TO IA per cent with the coalers and
Lackawanna in particular showing marked
strength. The demand Stacked away before
the first hour was out and the market there
after remained irregular and feverish. prices
going back in most cases, Northern Pacific
preferred being most prominent in the de
cline, gong on Us from the highest figure.
The rest of the list however, held on to most
Of the advances, though at one time lower
prices than the opening were reached. There
was lmDrOyementlnt the final dealings, though
the close was still active and heavy at the
close TO the lowest figures. Most stocks how
ever. show small gains for the day and Lack
awanna is up IA and Delaware d Hudson
1l2.
The Post says: The particular method en-
ployed by the bear leaders this week have
been characteristically mean and petty; but
the operators have met with reasonable sue
cess because the financial situation.stem-
porarily at least has favored lower prices
Wall streets simple. though somewhat illog-
lcal explanation OF decline that there are
more sellers than buyers, has been peculiarly
applicable under existing circumstances,
and philosophers on the situation have
learned that stock market cannot be ad-
vanced by scolding it for its declines
An amusing illustration of the deter
minaticn III certain quarters to fight
facts is found in the reappearance of
the silver boomer on the scene. His ar
rival thus early III the month seems some
what premature, despite the bull points fur
nished from London about Russia's inten-
ton 10 engage i'll the business of cheap silver
coinage. But it is always a satisfaction to
silver bulls to reflect that although India OBJ
stinately declines TO buy as much bullion as
II bought in the excitement of 1890. ii is act
ing contrary to the best advice Of Wall streets
professional sellers.
Total Sales of Stocks
to-day were 200, 749 shares, including:
Atchison. %, SS5I Northern Pacific. % $50
Chicago Cas-. s, 700lNorth. Pac pfd 10 1872
Del, Lack. & W rs, 800 Reading 49,. 10. $50
Erie. 16, 755I Rich. & w. Point. 1850
Louisville d N s,s25 St Paul .... 21. AGO
Missouri Pacific 4 S6ilIrpiOn Pacific ON