St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-11
THE NEAEsE4ET LIVELY.
Wall Street s.iyens Up Under Jay
GOUId'S Influence.

New YORK, April 10-In the stock market
points were freely distributed TO buy Gould
stocks, this morning, and these shares eSpe
cially missouri Pacific were more prominent
in the market than for some time. though the
cause of the prominence of the Missouri Pa
cific was to be sought elsewhere. Reports
were freely circulated that Mr.. Gould, while
In st. Louis, had made arrangements by
which closer relations were to be established
betWe ell he Missouri Pacific and the Atchi
son, and these stocks became the leading
features of the day, both for strength and
activity. They were, however, the only ones
in which the buying was at all remarkable.
and it was evident that while the bull lead
ers might not be looking for reaction there
was Willingness 10 let the market take its
own course for time There was, especially
in the early trading, heavy selling for the
long accountant much of it was believed to
be for the account of the bulls, Chicago
being credited with most of the sales in the
grangers. The commission buying, how
ever was excellent, and as the temper of the
room was not positively reactionary, the
strength OF the list prevented any material
decline outside of the industrials, Chicago
Gas and Sugar each dropping away over l
PSF cent, though each rallied smartly later i'll
the day. The selling for London account,
however, and the impression that there would
be further orders of gold for export this
morning, which was fully justified by the
event. gave heavy appearance to the open
ing The concessions in the active stocks,
however, were i'll all cases insignificant. and
even after the announcement OF the gold en-
gagements there was no real weakness
ance to the realizations and the efforts
to force a decline gradually developed
positive strong tone, and in the afternoon in
creased animation was accompanied by
general upward movement ali along the line
in which even Northern Pacific preferred
was one of the most prominent stocks. The
extent of the advance, however, was geuer-
oily for fractional amounts, and It's value
was seen in its uniformity rather than in the
wide fluctuations of a few stocks. and the
steadiness of the upward movement gave
the advocates of higher prices renewed con-
fidence that the long-eXpected boom has ar
rived The afternoon advance, however.was
followed by q vigorous tia ok upon the list,
which III some cases. and especially Burling
ton and Rock Island, wiped out most of the
former Improvement. 1t was an organized
attempt TO take advantage of the gold
shipments, and i'll q measure was success
tul, as the final changes in the
list are generally small fractional
losses from last nights figures. Among the
specialtes. Flint IL Pere Marquette, Bruins
wick and Chicago 4 East Illinois were prom
nent for strength, but the majority show
small transactions and narrow movements.
The market finally closed quiet and fairly
steady at insignificant changes from first
prices. The only change of importance was
a net advance of 1Is per cent in Atchison.
Railroad bonds were quiet, but displayed
firmer tone than for some time, and the i'm
provement in the bond list is one of the in
fiuences which served to sustain prices of
stocks to-day against the pressure which
was brought to bear. The list, as
usual, however. failed to score any
marked advances though the Atchison issues
were especially active. The late dealing
brought weakness, and portion of the i'm
provement was lost as in shares. The sales
reached S1,296,0 900. The general movement
was upward. and South Carolina incomes
advanced from 24l2 TO oslo, but closed at 25S4
The Other issues failed to develop any feature
of interest. Government bonds have been
dull but firm. State bonds have been dull
and steady to firm. Petroleum opened steady
of selling orders from the West, and closed
weak. Pennsylvania oil spot opened at 72A !;
highest, T214c; lowest, rise: closing at 721Sc;
May option opened at 74c; highest, 74lsc;
lowest, re: closing at 73c. Lima oil, no sales.
Total sales. $1,000 bbls.