St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-14
Nan Wants But Lite Here Below # re ndllges In Gob

commission houses which have not been
Identified with the movements inspired
by the manipulative cliQues, and the
execution OF the orders by these houses
indicates change in the general specu-
lative sentiment, and that an important
element. which has been conspicuous
for long period by its absence from
the market, has begun to make its APP
pearance This new outside element in
the market is disposed to ignore the in
duStrialS, which have absorbed much OF
the interest in the market for so long
period, faVoring the older eStablIS he'd
securities, Rock Island being most i'll
demand, and the other grangerS receIv-
ing fair amount of attention. s -
Bradstreet's weekly Wall street re-
view: A manipulative influence of a
6ulliSh kind has again assumed control
of the speculative stock market. the
forces ranged in support of the move
ment being sufficiently strong to carry
the body of professional traders with
them. Fears Of renewed gold ship
ments, unfavOrable impressions created
by the Readings report and the tangi-
bic indications that the anthracite com
5inatjon is weakening seemed to have af-
rected the opening OF the week, but
failed to create any decided I'M
preston in face of the conditions re-
ferred to. The fact that the Bank of
France has decided to offer no further
premiums or allow an excess of interest
for gold conSignmentS. removed for the
present the last of the artificial causes
which have augmented that movement,
and render future specie shipments de-
pendent entirely upon commercial con-
ditionS in connection with the exchange
market. This is reflected III the easier
working OF interest rates, though the
latter manifestation IS more properly
due TO the accommodating tendency OF
idle funds following the completion OF
the January interest disbursements, and
the customary return of money from the
Interior to this city.
The growing ease Of money gives re-
neWed confidence to the manipuiative
deals, while additional encouragement
is afforded by the development of heavy
investment buying of bonds and divl-
dend, paying stocks. This weeks trans
actions in the bond market reach
heavier total than has been witnessed
Ill a long time, with higher prices and
an exceptionally wide distribution OF
interest. Europe, it is noticed, pre-
serves its attitude of reserve with refer
long ago to sell, offers no obstacle To the
progress of the bull campaign. 1t should,
however, hs said that in spite Of the
United States senate committees favor,
able recommendation of the report of
the Sherman silver law. Wall street au'
thorities are less confident that any
action will be taken i'll regard to the
currency by the present congress. while
some anxiety finds expression in rela-
ton to the possibility Of another cholera
scare in the spring. Such rumors were
Quieted when Friday the rising ten
dency extended to nearly all portions OF
the stock list, and caused very active
and decidedly strong market. Whether
the movement is merely temporary
January rise or not, the street has gone
into it with some yigor, in spite Of its
manifestly professional origin.
ElknT9taI Sales of Stocks