St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-03-25
Return YOU Can Get IS eVaue Of Your Money IN Want I'D

from the lowest The market left off
strong and on the advance.
The Post says: Until the last hour.
wEel the professional traders were
seized with n TIT of enthusiasm, the stock
market consisted of marking up pro-
cess, almost wholly confined to stocks
of whose real situation nobody had the
fainteSt notion. The cheap and worth
less stocks were especial points OF atten-
ton. North American was one or the
conspicuous points of interest, while
tie climax was reached in hve-polnt
advance in United States Rubber. If
anybody except the INSIDE manipu
latOrs bought this common stock today,
he had probably failed to read the orig
inal circular of the rubber concern. n
very elaborate set of figures there pre-
scented informed the investor that all or
the allied companies had earned on an
average in the ten preceding years.
something less than 100000 than was
required for the dividend on the new
preferred stock. But figures of this
kind are not seriously considered i'll
Such manipulation"
Bradstreet's weekly review of the
stock market says: The actual occur
rences in this weeks stock market re-
quired no extended description. While
speculation has recovered from its re-
cent decentralization, it has assumed a
waiting attitude, coupled with intense
dizziness. The UNDERLYING tone has,
however, been mainly firm, and such
! little activity as might be noted was
! principally the result of efforts on the
| part of the leading element ito unearth
weak spots in the stock list, or of the
succeeding endeavor of the short In
/
| latter process seems to be re-
| SpOnsibe for the advancing tendencies
which made their appearance, and there
certainly have been no manifestations
of interest either on the part of the pub
| lie or of Europe. The character of the
market has. in. fact, been that OF lulls
preceding storm. Liquidations had
been more or less com plete and stocks
| have drifted into strong hands from
which they cannot be diSlodged as long
! as the renewed ease of money holds
| good. The latter condition IS, indeed,
| the principal support that prices now
! have, the somewhat better supply or
| funds in the call loan market and the
! decreased demand combining TO reduce
| interest rates, so that borrowers had no
| difficulty in supplying their require
meDts at 3 per cent and under. Spec
ulative circles are still timid
in their ventures, but are
inclined to take more hopeful views OF
the outlook, this feeling having a
tangible influence on prices. 1t is con-
tended that the worst has actually hap
pened: that liquidation is complete, and
that any developments, whether i'll re-
gard to the currency or the gold move
ment, must take favorable direction.
| In the latter connection it is Insisted
that the turn of the year in our foreign
commerce has been nearly reached, and
that with the check which the condition
of the money market must exercise on
the import movement, the country's
trade balances are likely to assume a
more satisfactory tendency. Bearish
arguments, on the other hand, continue
to be based on the probability of a fur
Their drain of gold and of disturbance
| resulting therefrom."