St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-15
FINANCIAL.
New York.

NEW YORK, April 1.-THE stock market
to day was comparatively dull and hesitat-
ing, and, after frequent and complete
changes in temperature. but few WIDE fiuctu-
atoms, ended generally within small fractions
of yesterdays final prices. the situation
both at home and abroad is calculated to give
the bulls temporary pause at least, while en-
cOuraging the bears to feel the market fire.
quently and generally to some purpose. The
shipment of gold 10 Germany together with
the unsettled condition of political affairs in
Europe, is causing considerable apprehen-
sion among some people. and to-day
in regard to the Northern Pacific
securities. North American came in for Il
vigorou attack, which was rewarded by a
material decline. The local operators were
undoubtedly bearishly inclined for the mo-
ment The movements in the Wizards and
the industrials were most important, but of
the later, while Chicago Gas was strong Sugar
was weak, but outside of Sugar and North
American there was no material downward
movement during the day, Notwithstanding
the slight furry in money, which sent the
rate up on call as high as 5l2 per cent. In
marked contrast to Sugar, Chicago Gas was
specially strong, and at one time showed a
gain of over | per cent, but lost some
the Wizards the Burlington and st.
Paul are still active. and Notwithstanding the
unsatisfactory outlook of the Western rail
road situation from some points of view they
show insignificant changes for the day. The
general list after an irregular opening stiff
fened up. but later retired before the raids OF
the bears. and the market closed heavy, but
at insignificant losses i'll most cases from last
nights prices. Among the specialties Man.
haitian sold lower, and Mobile d Ohio
slumped off sharply at the close. the former
being down per cent and the latter 2la per
cent, While Sugar lost and North American
l among the active shares. Railroad bonds
were traded iii to the amount of $4,000,
but were unusually featureless through
out the entire session. and no marked
movement took place anywhere in the list.
Government bonds have been dull and
steady. State bonds have been dull and feat
ureless Petroleum was dull and neglected
again to-day. the only trading being sale of
5000 bbls, May option at 73c. The Post says:
THE exports of gold, the doubts created by
misappTenensions about the real situation III
regard to the Western Traffic association
which begins to-day in Chicago, the weak
ness of Northern Pacific preferred, and the
larger supply of stocks in the market TO loan
set the board room traders 10 working on
the short side of the market again this morn
ing. But after ~ o'clock different views in
regard to these things began to prevail. 1t
was better understood that the meeting of
the Western Traffic association, though it
had adjourned for today because there
was no quorum, would continue i'll
session for week or possibly
more and that the absence to-day of Mr.
Gould and others had no significance OF the
probabilities of any disagreement or split in
the association. Some time during the SEES
sion the association will deal not only with
the charges against the Missouri Pacific bnt
also with the question of the boycott of the
Chicago d Alton, etc. As for the gold ex-
ports there is nothing as yet III that connec-
ton which indicates anything threatening to
the stock market The loss OF the gold will
probably cause a decrease in the surplus re-
serve Of the banks at the next statement on
Saturday. but the tendency of money now is
to come to this center from the West and
South and though the rates for call loans
may be a trife higher, there is no fear of
tight money. The gold which goes to Ger
many can very well be spared here, AID as it
will help TO restore confidence there it will
also help to revive the German demand for
American investments.