St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-11-30
FINANCIAL.
New York.

NEW YORK, Nov. 29.-The stock ex-
change speculation is again settling
down into It's accustomed quiet and or
DERBY procedure. The tariff question,
while still an issue in very important
group of the shares listed, is beginning
to be regarded with milder sort of
agitation; the street is endeayoring TO
accept the inevitable with resignation.
In many quarters there is subdued
feeling of thankfulness that the situa-
ton is no worse. Already are there
conjectures as to whether the tart fl bill
will pass in its present shape, and were
it reasonably certain that the senate
would accept the measure, even as it
stands, the speculative situation would
he materially strengthened by that
assurance. 1t is the element of un-
certainty which affords the Wall street
trader opportunity to manipulate
stocks and to play upon the fears
of timld holders of speculative proper
ties; when the expected event happens
its effect is usually of little force upon
share values, having been discounted
long before, and in the present instance
the probability is that when the new
tariff is put in force the properties
which are now SO badly shaken up by
the announcement of its provisions will
be found to have adapted themselves to
the new order of things without serious
injury. At the opening Of business to-
day generally firm tone prevailed and
the first quotations made were higher
than yesterdays final sales. but the
bears began operations without delay,
again selecting Sugar with which To
beat down values generally. Failing of
any support from the inside, Sugar
common broke 254 per cent and the pre-
ferred l per cent; when the pressure TO
sell was removed, the common rallied
~ and the preferred l 4 per cent, but
the Improvement was not lasting, aud on
a renewal of the selling movement there
was reaction of 81 and per cent, re-
spectively, followed by recovery in
the final dealings of 3 per cent OH the
common, the preferred remaining at
the bottom figures. In the general list
there was sympathetic decline in the
morning of B@1B per cent. in which
General Electric, Manhattan and Chi
cago, Burlington & Quincy were in the
lead, the last named shares being sold
Oh orders from Chicago and on reports
that the November statement would be
poor one. The selling on this reaction
was not very pronounced, and it
h"o PiNhPtie N''SShoo ouu q pal
tial recovery ensued, G. c. G. q st. l..
| selling up IA per cent. Lead pre-
| terred developed weakness this fore
noon and dropped ~ per cent, Cord
age declining l per cent, land the general
! list fraction. Some bull points were
| given out in Chicago Gas, the dividend
| on which. it was said, would be paid in
| cash instead of scrip. and strong buy
ing movement was developed in the
stock, under the influence of which an
advance of 2 per cent was recorded
when realizing sales caused reaction of
| IA per cent, % of which was recovered
at the close. During the early part of
| the forenoon distinctly strong tone
characterized the dealings, and prices
rose within range of 215 per cent, the
| latter i'll American Tobacco preferred.
After the delivery hour there was evil
dence that some traders were anxious
to carry smaller lines of stocks over the
holiday, and that others were taking
! pronts, the result being that prices re-
! coded 16@1T per cent. with Distilling
! and General Electric in the lead
| Toward the close the figures began to
| move upward again, and the final deal
| ings were firm in tone. Compared with
yesterdays closing sales. the final
! prices today show but slight changes
| outside of the industrials; those of |
| per cent and above are: Ni
Decines-Sugar. 23S; Sugar, pre-
ferred, "a; Tobacco, common, 2; Dis