Baring Crisis1891

Stock prices declined sharply during this period and com* modity prices were the lowest since the War between the States.

In May, 1891, the Business Curve moved sharply upward as the North Node and Saturn moved out of orb of the unfavorable square aspect between them.

From January to the end of June, 1891, Saturn in Virgo formed a slightly unfavorable aspect with Uranus. This semi-square aspect (45 degrees) added weight to the unfavorable aspect between Saturn and the North Node in force at the time of the Baring Crisis.

Since the powerful planet Pluto was in conjunction with Neptune, co-ruler of the mid-heaven of the New York Stock Exchange, and the North Node, the Business Curve turned sharply upward in May and reached 13 points above normal* a level which it maintained through October. A drop of two points in the Business Curve occurred in November due to the fact that the North Node no longer was in conjunction with Pluto and Neptune.

The North Node moved into Taurus on September 10, 1891. Since Taurus is the sign on the normal or transition point of the Business Cycle Chart, the movement of the North Node into or vocvm*

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Taurus indicated a change in the Business Curve for several years to come. The primary or major cycle oi business was in a transition period lasting until March 28, 1893, when the North Node moved into Aries indicating that the trend of the Business Curve was moving from normal to low and that the business cycle was moving downward for four years until the North Node moved out of the sign of Aquarius on November 22, 1897. Aquarius is the low point on the Business Cycle Chart and the Business Curve did not start upward until after that point had been reached. The North Node passed through Aquarius from May 4, 1896, to November 22, 1897.

On October 22, 1891, the fiery planet Mars moved into the sign of Libra where it remained through December 7th of the same year. Libra is the sign on the fourth or lowest angle of the New York Stock Exchange Chart and also a transition sign on the Business Cycle Chart; therefore, it is particularly sensitive to planetary transits. Mars usually depresses the Curve slightly as it passes through Libra; in this case the Curve dropped two points.

The Curve turned upward three points through December, 1891, and January, 1892, reaching a high in February of 14 points above normal.

From March until August, 1892, Saturn in Virgo moved in opposition aspect to the mid-heaven of the New York Stock Exchange in 28 degrees Pisces. This caused an 11 point drop in the Business Curve during this period, which marked the end of the Railroad Prosperity Period.

There was a recovery of five points through the fall of 1892 from the low point of August which had carried business activity to two points above normal. In December the Business Curve stood at eight points above normal. This was due to the slightly favorable semi-sextile aspect (30 degrees) between Saturn in Libra and Uranus in Scorpio. Stock Market prices rose under this favorable influence. Business activity dropped one point during January and February of 1893, but the Business Curve rose three points through April, reaching a high of 10 points above normal, which was the top level reached before the Panic of 1893.

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