Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-23
NEW YORK STOCKS,
The Features Of the Market Yesterday
continued Battle Between the Bulls and
lsaa,S-The Positions Of the Several Mar
Special Telegram 10 the Globe.

lsaa,S-The Positions Of the Several Mar
mates.
Special Telegram 10 the Globe.
New YORK. Oct. 21.-There was consid-
cradle tirmness at the opening this morn
ing, though as on yesterday. the market
lacked il activity. and there were no evil
delices of any desire on the part Of prom
lnent operators to do much one way OF the
other. Delaware IL Lackawanna seemed to
he wanted for time. and sold a; 1881 ,.
The principal business seemed to be in VA
bash preferred. Texas Pacific. 81 Missouri.
Kansas Il Texas. There was a slight inn
provcment on the appearance OF the bank
statement, which was moderate
III its figures throughout.
aud showed a gain in reserve of $685.. 900
weak spot was discovered in Lake Shore
and it declined below lip. The market
became almost lifeless during the after
noon. There was sale of Alton at 40
and of Pullman at 1919. The latter is Just
on the eve Of its regular per cent. divi-
dend, and it is firm in consequence. The
light stocks are gradually disappearing
from view. The banks refuse to use them
at any price on time loans. There was
a slight rally in the final dealings,
though the fluctuations have been
insignificant in most instances. and money
remains easy. The market remains in "a
pulling condition. The position of the
magnates is supposed to be something af-
ter This fashion: Mr.. Vanderbilt. bull ON
the entire list, particularly on MS own
stocks: Mr.. Gould. bear on the market
particularly on his own stocks; the Hon.
Russell Sage, bull on Union Pacific. West
ern Union, Missouri Pacific and Wabash:
Nj. heene. bull on the Vanderbilt stocks.
bear on the Could stocks. Denver.
Northerp Pacific and Louisville. 1t is
barely possible that Mr.. Gould is bear
because he wants it TO be understood
that Wall street Is afraid of Democratic
victory in New York This might help his
1naD Eolger some. The situation outside
OF Wall street 50 far as it relates TO the
value of leading railroad stocks, is in ia
w of him. and there is nothing il the
future of the money market to brighten
holders Of stock. Stocks which were held
on weak margins when the recent decline
began. have been forced for sale. and are
how IN stronger hands and it is therefore
more difficult 20 get much of break in
prices from such an attack as was
made on the market yesterday afternoon
and this morning. Besides, the short in
terest in the market is again SO large as to
make an important demand in stocks on
every decline. and. as to make a sharp
rise possible at any moment when it suits
the purposes of certain of the leading
spectators. No one not in the confidence
of these spectators can tell how much
longer they will seek to continue the pres
ent decentralization by attacking one stock
after another.
AS before said. this week is not as fruit
full as a short time ago, and as it is as
sumed that the grand object of all has
been, while raiding certain stocks to buy
others which the spectators believe to be
good, there is not the same reason for con-
tinUing these tactics as there was.