St. Paul daily globe., 1891-09-15
SHIP YOUR WHEAT,
BARLEY, RYE, OATS AND HAY
ECKERT, WILLIAMS & Co.
DULUTH, MINI.
Consignments Solicited.
FINANCIAL.
New York.

New YORK. Sept. 1.-THE stock market
to-day was rather less active than the ave-
rage of last week, on the whole being rather
more of the reactionary temper than usual
of late. although the losses suffered were of
no moment outside of the leading active
shares, the market showing n narrowing
tendency, and remaining without special
features in the general list. The buying to-
day was not of an urgent nature, and, while
encouraged by some foreign purchasers the
London houses were also sellers TO limited
extent The opening of the market was
made in most stocks at an advance extend
ing TO half per cent, but the bears brought
pressure to bear Immediately, and the open
ing prices in many cases were the highest of
the day. The early weakness, however, ac-
complished most OF the losses suffered and
was most conspicuous III Missouri Pa
ciic Union Pacific and Lackawanna. The
whole list of active stocks yielded large
fractions. The low-priced shares were not
in any way prominent in the dealings to-day,
and attention was concentrated by a larger
extent than of late on the leading shares;
the weak. feVerish and declining tendency
i'll prices lasting well into the afternoon,
when the pressure to sell abated perceptibly
and dullness once more marked the trading,
outside of q few stocks like Atchison, Dis
tillers', st. Paul and some others. The de-
sire TO cover shorts then made itself mani
fest and at the same time the concessions in
prices induced considerable buying on the
London account, which increased in volume
as the time wore along. The entire list moved
up,excepting Richmond d West Point which
lost all of it's early rise, though the
preferred retained all of IL. Distillers were
the feature of the afternoon, moving up from
30 to 81 OH the announcement that the trust
had at last made an arrangement with the
outside distilleries by which it would have
complete control of the business. In the late
dealings New England also became feature,
making one of its sudden and inexplicable
advances. The market finally closed active
and strong, with most of the list at about
u Gno ..ha
orally slight gains, but New England is up
l to 415s, and Distillers 3, 104. Government
bonds have been dull and steadier States
were dull and steady
slight decline i'll the early trading, advanced
closing firm.
Pennsylvania Oil = Spot, opening, sec:
highest, sec; lowest soc. closing at SIC. Oc-
tober option opened at 555se; highest. 56lsc;
lowest, 55Ssc, closing at 56IAc. Lima Oil-No
sales. Total sales 80 900 bbs.
The Post says the movement of prices in
stocks to-day illustrated the blight which has
fallen upon the market through the public
notice of embarrassment served by two such
important corporations as the Union Pacific
ard Richmond Terminal. 1t is the concrete,
specific items of news, especially when they
come somewhat in the attitude of surprise
which most powerfully influence the pro-
fessional SPECTATORS mind There is little
occasion for wonder that this element in
Wall street has for the time deserted
1psoiu'oly INC DuiI sIue VI Tue Market
that they are not vigorously asSailng prices
is due TO the firm substratGm laid by the
proyidential harvest and the certainty of a
consequent revival of business prosperity
generally With deficit or an average crop
yield, the Developments of the past month
would have been sufficient to bring on n
bear campaign. AS it is, the professional
contingent is puzzled in very unusual de-
gree, for to what extent the discounting of a
prosperous future can counterbalGnce suffer
ing for actual results of disastrous past is q .
problem of peculiar difficulty.
Railroad Bonds
were fairly active ana followed the fuctua-
tions i'll shares very closely, being weak in
the forenoon, but stiffening up later in the
changes quite irregular and generally for in
significant amounts. The sales of all issues
reached ST, 639,5