St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-11-25
TNANClAE..
New York.

NEW YORK, Nov pa uery sub
stantial and well-dstributed advance in
prices is the result of today's transac-
tons on the stock exchanges, and the
grangerS. coal stock and industrial
shared largely in the Improvement. In
the early dealings the industrials were
weak and recorded a decline, the NOV
ing influence being mainly the proposed
changes I'D the tariff, which for sugar
and metals are not considered favorable
to the the home industries. Distilling
sold for the purpose of shaking out
some weak holders, and General Elec-
trio was heavy by reason of reports to
the effect that the company's trade
prospects were not bright. The depres-
sion in these stocks did not continue for
long. the buOyancy of the general market
becoming infectious, the sugar interests
announcing their satisfaction with the
proposed duty and the General Electric
people denying that there is anything
in the situation adverse to the company.
In view of these facts, the sellers of the
early morning became buyers, and
rapid appreciation followed. SUISSE
Quently another reaction set in, which
was, however, slight and of brief dura-
ton, and the upward movement was re-
sumed, and continued with but little in
terruption to the close, when, compared
with Yesterdays final sales, prices had
advanced 3 per cent for Rubber,
General Electric, 13s; Cotton OIL, /:
Sugar preferred, and Cordage, Il; Chi.
cagO Gas, e.
Distilling declined from 81 to 80, but
recovered to 800. Sugar common re-
ceded rs i'll the early dealings, ad-
vanced ", reacted rs, rallied u and
reacted Is, closing Is higher than last
night.
A very strong tone characterized the
dealings i'll the railway list, there being
good buying orders in the board at the
opening, a goodlY portion of which came
from London and included most of the
arbitrage specialties. The bears began
to cover, which materially assisted to
advance prices, and by 11:15 O'Clock an
improvement of 4@2I per cent had
been recorded, i'll which Manhattan,
Northwest common, Missouri Pacific,
st. Paul Il Omaha, Rock Island, st.
Paul, Western Union aud Northwest
preferred participated in the order
named. Before noon small part of
the advance was lost, while c., c., G.. 81
ST. Louis had declined IL per cent.
During the early part of the after
noon a renewal of the purchas-
ing movement resulted in re-
sumption of the upward course of
values and save for an occasional slight
reaction due to realizing sales, the spec
ulation continued strong to the close,
the final sales being made at an advance
on Yesterdays closing figures ranging
from Il to per cent, the latter in st.
Paul IL Omaha preferred; 81 in Della
ware, LackaWanna u Western and Man.
haitian; % in Pullman, Rome d Water
| town, Lake Shore, Lake Erie Il Western
preferred, Kansas d Texas preferred,
| and New Jersey Central; 235 i'll North
west; 2 in Iowa Central preferred; ~
| in ST. Paul and Omaha common; 15s in
| Rock Island and Western Union; II in
| st. Paul; rs in Burlington d Quincy
| and Delaware IL Hudson; per cent in
Michigan Central. Missouri Pacific, Mo-
| bile q Ohio, Northwestern preferred,
second preferred. Evansville q Terre
Haute sold at II against 81 on Nov. ii e.
| Louisville, Evansville q st. Louis de-
clined per cent.
| The railway and miscellaneous bond
! market was decidedly strong on VOL
ume of business largely in excess of any
day in many months. The heavy in
| curry for mortgage securities is due to
the glut of money, which, owing to the
| depression in trade, does not find use in
| the natural channels. The leading ad-
| yances for the day are Union Pacific
| collateral trust skies, 4; Union Pacific
| gold skies, collateral trust notes, 3;
| Richmond Terminal trust SKIES and
| Rochester q Pittsburg consols. 3; Mil
Waukee 81 Northern line firStS, 29 !:
| Rensselaer, e Saratoga registered frsts,
| 28[: Erie seconds, st. Paul, Minneapolis
| d Manitoba first, Dakota extension, "a !;
| do Montana Central tiveS. 2: Louisville,
| Evansville 81 st. Louis consols fiveS, 235 !;
| Kansas Pacific firsts, Denver division,
| 2L, and Richmond & DanYille debent-
| ures. Milwaukee 81 st. Louis and equip
ment skies, and Lake Erie d Western
| fiyes, per cent. Utah Southern eX-
tended firsts declined 5, Union Pacific
! extended sinking fund Fights 35s, Erie
| firsts 3, and Galveston, Harrisburg d
| San Antonio sevens per cent.
| New YORK, Nov. 24.-The Post says
| The net result of the market today vas
a slow decline. Apparently the move
| ment of November'S second half will
| have been precisely the reverse of the
| first. This week the market has dis
| PLAYED a succession of advances, and
| each has in turn been followed by a re-
| action, under which prices have reached
level slightly above the line at which
the advance began. The net result of
this months later operations has hence
| been favorable, and it Is not improbable
| that, excluding some stocks specially
| affected, such as the chief induStrials,
| November's movement as whole will
| prove TO have made substantially no
| change. The Immediate influence of
| the tariff bill remains to be discovered.
London started tOday's advance; purely
i Lot tnnuI. dnnl,tlaSS II N a