St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-06
DULL, BUT STRONG.
Few Marked Features in Wall
Street Trading.

New YORK, Feb. 5.-The trading in the
stock market was dull again to-day, but the
market showed a continuation of the late
strength, especially in the forenoon, and
with a slight setback caused by weakness in
a few stocks there was a strong undertone
displayed throughout the session. Among
those which showed most strength at times
may be mentioned Missouri Pacific, Wheel
ing Il Lake Erie Union Pacific and Lake
Shore with special advances in many of the
inactive shares. The room was inclined 10
bullish in the early trading, one of the feat
ures being the buying of the recognized lead
ers OF the bear party. and their out spoken
utterances in favor of rise. London was
buyer to limited extent, and the Gould
brokers and bears were bidding for stocks
This buying was specially prominent in St
Paul, and, together with several others OF
the leading shares, it was run up large frac-
ton, when the movement eliminated. and
dizziness again became the leading feature Of
the market and, outside of certain special
ties, prices dropped all along the line. Chi
cago Gas was prominent leader in this de-
cline. though it afterward recovered the
greater portion OF the loss. The Northern
Pacifcs, however, were heavy all the way out,
the opinion being that there has been a large
line marketed on The strength of the general
market. Union Pacific, however, became
strong in the afternoon, and the upward
movement, which lasted until A mad been
touched, was accompanied by The statement
that the report for December would be better
than generally expected. The grangers even
after the collapse Of the movement in st.
Paul, were quite firm and on slight f1uctua-
tions generally scored small gains. The in
dustrials were quiet to dull again, and, while
the Sugar stocks were strong, their improve
ment was small, and Lead, while more active
than the rest, failed 70 move outside of ex-
tremely narrow limits, aud the explanation
by the insiders that the dividend is equal TO
10 per cent at the present price of the stock
has had no influence to make its purchase
seem desirable. The general list showed
little movement or feature after the first hour,
but Pacific Mail reflected the disappointment
of holders over the prospects and siowness
of the subsidy bill by decline of per cent,
and it is tonight the one stock among the
leaders which shows any material loss for
the day. On the other hand, Edison General
Electric, on the circulation of the rumor that
the Vanderbilts were going into the directory,
opened up 712 at no, and after selling al
Ill. retired to 100 at the close Great
Northern also showed a marked advance,
but lost portion later i'll the day. The mar
ket finally closed dull and steady at insig-
nifcant changes for the day. The loss OH
Pacific Mail was 2 per cent. Railroad bonds
were again more active than stocks, but
sympathiZed closely with the latter in their
narrowness of fluctuations. and the final
changes are generally insignificant while
the important changes are remarkably few
for the volume of business transacted. The
sales of all issues reached S1,S 1000.