Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-13

lasted, however, for short time only. An
advance in Delaware & Lackawanna at l.30,
in Lake Shore to above 113, and much
strength in Omaha, toned up the balance
of the market, and though dull during part
of the day prices did not again yield, and
there was some good buying of the active
list. There was considerable doing in
Manitoba between 1917 and 164. st.
Paul operators are still great believers in
high prices for it. Chicago, Burlington &
Quincy works up steadily and sold at 12S.
AS for days past, Delaware & Lackawanna
continues to be the leader, and transac-
tons in it are immense. Pullman was
quiet at 1881 during the afternoon. The
street has been quite free from rumors of
any import. Indications favor a still
further improvement in st. Paul and Della
ware & Lackawanna. The cliques DO not
seem to be marketing their holdings. The
appearance at the last was quite firm.
The commission brokers report that
within the past few days investors have
been in the market to greater extent than
for months, and that the amount of stocks
passing from the street to the tin boxes of
capitalists is assuming respectable proper
tions. This, of course, is an important ell
ement of strength, and another is found in
the fact that London is now sympathizing
more closely with the rise here than at any
previous time since the upward movement
was inaugurated. A bearish operator said
to-day: ''There is no doubt that the
cliques who have worked the long
coddled bull movement into life
have to-day been taking their profits to
considerable extent. That they have not
yet succeeded in selling enough stocks to
give them a favorable balance sheet is
equally without question. The people
outside of the professional circle who have
been coming into the speculation have, it
is clear, not yet acquired the courage to
Withstand even such slight reactions as
that of to-day, for the lamb was as free
seller this afternoon as the scalper. If the
leaders of the movement stand under
stocks they will readily carry them higher,
but as yet, the public is no greater factor"
A ball Offsets this by saying: 81 am
very confident of a further advance in
prices, because I know that the market is
having a natural movement. The advance
is not in any one stock, or in any set o
stocks, but is general from one end of the
list to the other. There is good buying,
too, of bonds, which is always the basis
of genuine bull movement. If
people think that Mr.. Gould is
making the market they are very much
mistaken. He is doing very little. Peo-
pie would be surprised if they knew how
little. You may rest assured that it is
essentially a NATURAL market. That is
why we may be disappointed by reactions.
A great many people are willing to buy
stock on reaction, and when prices be-
gin to sag off they feel lame and start off
early, which sends prices back where they
were before. OF course We may get a
decline of two or three points, but if you
remember how the market acted last July
you will recall the fact that there was
scarcely any setback to the advance IN
til prices had moved up from twelve to
twenty points. The situation to-day is
stronger than it was then. 1 consider it
better than it has been at any time since
Garfield was shot. There are confdency,
good prospects, good business and an &C
tual bona fide demand for stocks at these
prices"