St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-05
CLARK BROS.
Wholesale Commission.
CONSlGNMENTS Solicited.
80 w. Michigan ST., Duluth, M inn
FINANCIAL.
New York.

New YORK, Sept 4.-The stock market dis
played considerable strength to-day, the
trading in the leading shares assuming very
large proportions. First prices were from
" TO SO better than last evenings closing.
The upward movement made little progress
during the interval between IL o'clock and
noon. The declines of the past few DAYS I'M
doubtedly resulted from the realization of
profits by the traders from day to day. There
was also an indication Of the selling of the
last two or three days. A heavy demand for
stocks in the loan crowd, although nothing
commanded premium for use.
The grangers were still the leaders of the
market especially in point Of activity, but
the coal stocks came TO the front in respect
to the advances made, ali OF them displaying
the most pronounced strength on a com
paratively moderate business. Many of the
specialties as usual scored material gains, but
the general list as rule was moved in SYM
pathy with the leading shares within narrow
limits. The opening was strong at advances
over last nights prices of from 15 to Is per
cent, ana the upward movement was kept
going till the close no setback of import
ance being seen throughout the entire day,
and even particular stocks showed no reac-
ton of the name.
Five stocks, st. Paul. Union Pacific Atchi-
son, Burlington and Rock Island furnished
over one-half of the total transactions but
the rest of the list were not dull and the
business OF the day footed UP respectable
figure. The dealings were unusually devoid
OF special feature, the whole list moving in
the same direction with nearly equal speed.
The market finally closed active and strong
at the highest prices of the day. The adj
vances of note comprise almost the entire
list, but Lackawanna rose 1SB, Union Pacific
2ls, Burlington 21B. Atchison 2, c., c., G. d
St L. and Rock Island each Us, Missouri
Pacific Us, Lake Shore and Northern Pacific
preferred each ia, and the others smaller
amounts. Government bonds have been dull
bnt firm. State bonds have been dull but
steady.
The Post says: Transactions were large all
through the day, and there was not lacking
indications of an aggressive bull interest In
the market. This was still of professional
character, however, for the local investing or
specializing public is interested in the
market as yet only TO very limited degree
Commission houses report out of town or
ders in considerable quantity largely from
Chicago and other interior points but there
has been little patronage from Wall streets
usual customers In mercantile and
commercial districts. Perhaps the most sig
nificent feature in the current market
movement is the relative transaction on an
advancing market as compared with de-
Ginning market. Except for the heavy realfz-
ing sales of the last hour or two YESTERDAY
the average transactions on the downward
movement OF the week were small, whereas
the turn in the market is promptly followed
by decided gain. The indications today
were that short interest of considerable
proportions underies the market Indeed.
at the opening the rates in the loan crowd
showed that the market had been heavily
oversold, even in the stocks whose floating
supply is largest.