St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-25
FINANCIAL.
New YOri,.

NEW YORK, April 2}.-The stock market to-
day has been feverish and irreg ular in its
movements throughout the day. and the final
outcome of the days business is generally
only small changes i'll either direction. The
restraining Influence to-day was The further
engagement of over Sl.60l 900 gold at the
sub-treasury for shipment to Europe to-mor-
row, and this checked Il most promising up
ward movement when i'll full play. The
bullish feeling is almost entirely based'u
the excellent outlook for the Cereal crops
for the coming season, however, and
other influences of an adverse nature
receive little attention except for
short time, and while they usually
give the bears and sold-Out bulls a chance to
get back Il few of the stocks sold at lower
prices the real buying is not permanently
checked. The arrival Of Mr.. Gould was ex-
pected to give the market life, but outside OF
the unusual strength shown at times in Wa
bash prererred there was nothing TO show
that either he his friends were specially
active in the market. f0rduT was moder-
ate seller Oh sthe early trlding, especially of
st. Paul ana Northern 4.cItlc preferred. but
the latter stock recovered with the remainder
of the list, and later in the day displayed
even more strength than the general list
The West lent liberal buying orders. and
London became a buyer after the first
selling movement had eliminated. which
was specially noticeable in ST.
Paul, Northern Pacific preferred Sugar and
Rock Island. Sugar was rather weak all the
NdH-Dul. anu WIS llle Oily one OF JHc lnUuS-
trials to take prominent place in the deal
ings, though the others were inclined to fol-
low il in temper and remained dropping all
day. St Paul and Northern Pacific were the
features Of the day, the trading in the former
being extremely large and the contest in it
specially wei N ;intained on both sides. The
market gradually outgrew the effects Of the
gold shipment no weVer. and while the gen
eral list was not 81 eclallv active or strong,
several stocks made material advances.
Prominent among these were Lackawanna,
Ontario d Western and Northern Pacific pre-
ferred. Notwithstanding that the bears at
tacked the list at every opportunity, the bulls
maintained the ascenuancy. and it was
a subject of General remark that the
market assumed the same appearance
as IL had in 1879, whe a prices advanced from
80 to 10 per cent. me fact is that the bulls
have been gaining recruits daily and the vol
ume of business Is now 50 large that the at
taclS of the bears on some stocks have little
effect upon the &c: er / list. The market de-
veloped marked str Myth iii the last hour nd
again prices were lifted materially and finally
closed at shade under the best prices, but
strong and active. Railroad bonds were
again moderately active and displayed the
same moderate, strong tone rs of late. but
whilst there was great activity in the Oregon
improvement lives and the Atchisou ILL
comes, with wide distribution CT the re-
mainder of the business done there were few
material changes though they were all in
the direction of higEe, prices. The sales OF
all issues reached Sl,S21,000. Government
bonds have been dull and easier. State bonds
have been entirely neglected.