St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-31
FINANCIAL.
New York.

NEW YORK. July 30-The stock market
to-day was more active, and as usual OF late
when active, weak and demoralized, and the
result of the days trading is to leave prices
in most cases materially lower than last even
ing The feeling on the street continues
bearish in the main, but marked uncertainty
exists, and positive opinions are as hard to
get as month ago. After the concessions Ill
prices seen during the month just past, there
mas arisen feeling that some sort of rally
should be due. but no one seems to have the
courage to back the opinion. and the traders
and professionals who have the making or
prices slowly increase their short lines as
quotations melt away. This morning there
were some selling orders i'll the market from
both London and the West and this encour-
aged the bearish feeling among the profes-
SIGNALS, who Immediately began to increase
their short lines, paying special attention TO
Chicago Cas- Union Pacific and st. Paul,
which continued TO be the leading active
stocks of the day. followed by Louisville q
Nashville and Northern Pacific preferred.
The important movements of the day, how
ever. were in the three stocks mentioned, and
while the rest of the list were weak and de-
Ginning they took their tone from the opera
lions in the leaders The full influence of
the late decision in the Omaha bridge case
seems to have been felt on the other side of
the water, and the foreigners were liberal
sellers of Union Pacific, making that stock
the feature of the day, and to Its special
weakness i'll the afternoon was due the ma
terlal losses suffered uuIllS lldg pOItIOH VI
the day in the rest of the list. AS rule,
however the general market displayed con-
siderable strength in the face OF the adverse
circumstances and LackaWanna and Bur
liugton actually showed above the opening
figures during the greater portion OF the day,
but lost'the strength toward the close The
declines were aided by the persistent circula-
ton of a rumor of the i'm pending fail
ure of some important house, and the liquid
alton done was in a large measure, due to
the discouraging effect of these stories. IL
the forenoon, after IL weak opening Chicago
Gas and Union Pacific led the downward
movement and these were Joined later by
st. Paul and Burlington while many of the
less prominent stocks scored Il marked loss
without heavy transactions. In this class
Evansville 4 Terre Haute. c., g., c. d st.
Louis and some others were conspicuous.
The downward movement was interrupted
from time to time by slight rallies, but their
continuation was of short DURATION and still
lower figures were reached afterWard until
the last hour. The rally which took place
then. however, failed to reach all portions
of the list and the market finally closed fairly
active and weak at or near the lowest prices
of the day. The final changes are all losses,
but while they are i'll most cases for frac-
tional amounts, Union Pacific decIiped per
cent. C. c. c. d st. Louis 49, Sugar l6s, Lake
Shore H. Chicago Gas 1ls, and Rock Island,
Burlington and Louisville, each per cent.
Railroad bonds were also little more ami
mated the sales of all issues reaching S675,
O00 but while the tone of the market was
weak in close sympathy with shares. the
ONLY material movement among the active
bonds was the decline in the Oregon I'm
provement 5s, which touched 5S at the close,
a loss of per cent Government bonds
have been dull and steady. State bonds have
been dull and steady.