St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-20
DIRECTORS.
FINANCIAL.
New York

NEW YORK, Nov 19-The stock market
today was very dull throughout the greater
portion of the day, and the strictly profess
sional character Of the dealings was empha-
Of business done in the last hour when the
market was subjected TO severe pressure to
sell by the traders and bears who are desir-
Gus of making quick turn on the bear side.
The news OF the day was uniformly of an
encouraging nature. These influences, how
ever, failed to stimulate either buying or
selling in a legitimate way, and the trading
was left almost entirely to the professional
element, which was inclined to be more
cautious than Of late, and as a consequence
dizziness was the only marked feature of the
trading for most of the day.
better feeling existed il Richmond &
West Point and their fluctuations passed
without causing any movement III other
stocks. The lndustrialS, and especially
Sugar and Chicago Gas. were the prominent
specialiies today, and Sugar responded to
rise in the price OF refined and the reiteration
of the rumors of an increase i'll the dividend
by a rise of 3 per cent. The improve ment
in the others was more moderate, however
and outside of Richmond d. West Point pre-
ferred which after opening down per cent
at 80 recovered the loss and then retired
per cent, only to close at its frs price.
The general list opened with a firm tone
and the desire to cover kept prices moving
upward during the first hour. after which
partial reaction was followed by intense dull
mentioned showing any life whatever. In the
last hour. however the bears attacked every
thing and especially Northern Pacific pre-
ferred. Atchison, Reading and LacKawanna.
and while the irst-named retired per cent
aDd Sugar reacted 1ls. the effort to recoup
the short sales in the last few minutes trad
ing resulted in sharp rally which brought
Sugar to within 1s of It's best figure and
caused a material upward movement in the
rest of the list. The close was quiet, but firm.
at small fractional advances for the day in
most cases, while Sugar is up pa Chicago
Gas lis, and Richmond d West Point, 1 per
cent
The Post says: although the European
stock markets are in much the same condi-
ton OF dizziness as our own, there is Dercepti-
bic change III sentiment which may have
important meaning. 1t is this partial gain in
confidence, indeed, to which the better feel
ing on our own market is chiefly attributa-
bic. 1t has had its origin in a very singular
report which has been expanded among the
London newsmongers into the story that
Rothschilds and the Russian government
have re-established harmonious relations
and that the bankers have volunteered TAX
ing up half the guaranteed Russian bonds to
help out the Partisan guarantors or the new
loan. 1t should be needless to say that this
story. as a whole. is quite incredible, but it
may be based upon Facts of great conse-
quence. Conjecture naturally connects the
secret negotiations, which seem actually to
have been in progress, with some operation
in the nature of bear settlement"
The short interest, especially in Russian
securities, is apparently very large. Next
Tuesday Will bring the compulsory settle
ment of bear accounts, and it is not Impossi-
BILE that the other European ministries with
whom the Rothschilds enjoy intimate inan-
cial relations. have applied some pressure to
force an abandonment of active hostility on
the markets. THAT Russia can expect from
the Hebrew bankers any friendly ala. or any
thing less formidable than passive opposi-
ton, is out OF The question. But the recent