St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-19
NEW YORK.
Ispecial Telegram TO the Globe.1

Especial Telegram to the Globe.
NEW YORK. July 1S.-The stock market has
been dull, dead and dreary all day. Major Sell
over, the man who made hand ball of Jay Gould
and tossed him over sidewalk railing into the
areaway to barber shop once upon time, says
the matter is 'poising'' it is likely to stand
betwixt and between for few weeks and with
good results, for il the bears are unable to put
prices down and the range is steady for any
continuous period it will create feeling of out
side confidence that the downward movement has
been checked and with abundant crops In Sep
tember things will be in good condition for an
upward movement and SO forth. Perhaps this
expresses the better sentiment of Wall street
people to-day. Prices have dropped SO much
within the past eighteen months that there is a
general expectation on natural conditions of
better figures for stocks, and the professionals
are willing to let the public take hand at the
gme for the commission business is reduced to
a very small volume. At the same time there is
no strong feeling of confidence and there is
hardly likely to be until New York has exper-
fenced some additional liquidatons on the affairs
of houses who have been sailing very close to
the wind for some time past.
One Of the peculiar features of the loan crowd
in the exchange to-day was the offer by Woeris-
hotter to loan Gould's pet stock Missouri Pacific
at lower rate than Goulds firm offered H.,
namely 1-32 instead of 1-16. Yet Missouri
Pacific was strong and sold at one time two per
cent higher than yesterday and is now "
better and per cent above the lowest price of
the day. Gould's other stocks all held their own
and his Western Union is per cent. better than
yesterday, in the face of the widely publishe d
announcements Of the consolidation of all the
opposition telegraph interests. Woerishoffer
heads the German bear crowd and ranks on the
bear side second only to Cammack or Hank
Smith, who are rival claimants for the supposed
occupant of the moon. Grangers were all strong
this afternoon in the last hour, especially North
western, which is up about per cent. and St..
Paul and Illinois Central the same. Rock Island
is about per cent. and Burlington fractionally
better. Henry Clews comes out of the board a
big bull and predicts an advance
OF per cent. in st. Paul
Coalers u better than last night OIL has been
dull with small changes during the day.
Boody, Mcclellan q Co. say: 'sThe market was
devoid of any particular feature for time this
morning and inclined to drag. It took about an
hour to engineer change and when it came it
was for the better decidedly. Lake Shore which
without reason fell from rs to 20 yesterday re-
gained the decline before midday. The grangers
still continue to be the favorites and both North
western and st. Paul scored a handsome
advance during the early hours. Delaware
Lackawanna, Telegraph and Pullman
each gained point. The market was not at
any time an active one, but there was world of
strength visible. Many of the bears still stand
their ground but their chances for obtaining
cheap stock do not improve. Prices grew better
as the day wore on, new pool in September
was reported as formed and the stock was worked
up in way that caused CONSERVATION among
the unfortunate settlers of 1t. A prominent bear
it was stated, cornered large amount during
the last hour. Delaware g. Lackawanna rose to
10; Northern Pacific preferred, was among the
strong feature; also the Rock Island. At the
finish, stocks were strong all round.