St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-21
Merchants National Bank !
ST. PAUL, MINI.
CAPITAL, $1,000, 600
Surp.uS& TndiVideiPfoftS, 500, 900
u r. MERRIAM. President.
In. BIGELOW, Vice Preside1.
J "A. SEYMOUR, Cashier.
AkU. &. POWER, Asst. Clshla&
DIRECTORS
FINANCIAL.
New York.

NEW YORK. Nov. 21-The stock market
today was decidedly more active than usual
of late and il developed a strong bullish
sentiment and the tone of the dealings es-
pecially i'll the afternoon. was fairly bouvant
resulting in marked gains IN many of the
leading active stocks. while the entire list
showed some improvement over tn. last
previous sales. The strength Of the market
was due to new buylng movement started
today on information that the showing or
the business of the leading roads at the end
of this year will be much larger than that of
the previous year.
The impression that all the Vanderbilt
lines would dividend larger sums than for
many years has taken possession of the
street and the investment of those stocks
which has been going on for time, and at last
has had its legitimate results and the buviug
has spread TO the rest OF the list. Outside of
those shares the strongest stocks today were
Burlington & Quincy, which. selling ex-divI-
dendfof IA per cent, closed at the same price
il did last evening, having, therefore, re-
gained the dividend in twenty-fOur hours.
Other strong stocks not on the speculative
list were 81. Paul, Wheeling & Lake Erie,
Rock Island and Reading The Vanderbilts
meni, and, while the industdals were
prominent on the advance, they
were second to the reorgani-
T zed dividend payers and the temper OF the
Lew buying was seen in the prominence
given TO many stocks which are prospective
dividend payers In the near future, such as
Erie.
The opening of the market was made on a
quiet business but with small fractional
gains, but these gains were in most stocks
neutralized by the sales by the room traders
during the forenoon, Notwithstanding that
the strength in the Vanderbiits had become
pronounced at that time. Later, however
the temper of the market became more ap-
parent and the resistance met with was in
significant the trunk line stocks being fol-
lowed by the grangers in the upward move
ment, which finally reached everything
traded in.
y Sugar, however, was a marked exception
and, while it was more active than for weeks
tfailed to score any material gain at any
time of the day, and finally closed at It's last
mig hts figure. 81. Paul came to the front in
the last hour. but after its sluggishness dur
ing the earlier portion of the day. it was too
late 10 make any marked Improvement The
preferred stock scored handsome gain.
The inactive list was not at any time promi-
nent for features and the Vanderbilts were
the only shares which showed any life among
them. the Chesapeake & Ohio's, Mich igan
Central and Canada Southern, with the
Nickel Plate stocks, making all the gains
The market was never subjected to enough
pressure TO check the rise even. and the close
was active and strong at the top ngures. The
gains of note include New York Central 2ss
L. & n. 2ss Canada Southernlls, Rock Island
l1s, Atchison. c. c. G. q ST. L., Erie, North
western, Wabash ptd each per cent.