St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-03
SOMEWHAT FEVEEsISH.
The Wall Street Market Closes
Firm Above Opening.

New YORK, Dec. 2.-The stock mar
ket to-day was very active in spots,
while the general list was quiet to dull,
and there were frequent changes in the
temper of speculation. The tone in the
afternoon was strong, and among the
active stocks material advances were
scored. The market is again chiefly
under the influence of the monetary sit
uatiOn, and money brokers claim that it
will be useless to look for any amount
of time money until after Jan. l, as in
any new engagements towards the
close of the year. 1t is ex-
pected that the market will be
feverish and uncertain for the
balance OF the year, as prices move
easily either way as news is good or
bad. To-day the sellers of yesterday
were running on their shorts, fright
ened first by the attitude OF London,
which showed disposition to buy
stocks and later by the suddenness with
which prices were advanced upon them
late in the day. The movement toward
higher figures at that time was sharp
and decisive, and most of the improve
ment recorded for the day was estab-
opening was still irregular, but most
stocks showed some advance over last
evenings figures, but the short sellers
were inclined to continue the tactics OF
yesterday and the early trading re-
suited in lowering prices small
fractions. This, however, was soon
stopped when the buying orders from
the other side were executed, and
everything on the active list moved up
naturally. with lackawanna, Burling-
ton, Rock Island and New England
III the van. Upon the cessation of the
buying for foreign account. however,
there was another reaction, in which
the bears brought special pressure to
bear upon the Northern Pacific, and the
preferred retired about 8 per cent be-
fore the attack eliminated. The re-
mainder of the list sympathiZed closely
with tits drop. and prices were gener-
ally brought below those of the opening
again. The concessions, however,
brought i'll buying orders, and the list
was again started upon the up tack
shortly after noon, and st. Paul.
Lackawanna, Union Pacific and
Atchison were specially active
and strong. In LacKawanna, in
which the bears showed most
fright the improvement from the lowest
price reached "A per cent, while the
Others rose from to 3 per cent. North
ern Pacific preferred regaining all the
loss and something IN addition. Reading
andsLouisville were alsS prominent in
the late rise, but the great list and the
unlisted stocks were quite dull. The
covering operations came to an end
shortly after delivery. and partial rise
followed, the smarket closing quiet
and firm at cIose to the highest prices.
The active list is almost invariably
higher, and among the gains established
were Lackawanna 81, Wheeling q
Lake Erie preferred 25s, Jersey Central
21S, Union Pacific 21s, st. Paul 2sS,
Chicago Gas 2. Rock Island IL, Atchi-
son, Missouri Pacific and Sothern Pacific
rs, Louisville & Nashville and
Reading n, c., c., q. d ST. Louis TX.
Railroad bonds were comparatively
quiet to-day. the transactions in all
issues reaching only 81 ,62S,0O with no
special animation in any of the usually
active bonds. The market was unable
to follow the changes in the share list,
and showed considerable weakness
throughout the day, and many issues
scored material losses as the result of
the days operations. Among the most
marked changes: New York, Susque-
hanna Il Western funding SIS lost Az at
95S4; Reading Eds, 2 at 364: Manitoba
Dakota Us, at 1l5; Iron Mount