St. Paul daily globe., 1892-05-28
FlNA NCIAL.
New York.

NEW YORK. May 27-The stock market
fully maintained its strictly professional
character today. and while there was con-
tinuance of the late partially successful
drives in small way the exhaustion of the
selling power was indicated by the dWlndilng
business and the limited success in depress-
ing prices in the few drives made at the list.
Advocates of higher prices see much en-
couragement in the presence IN the railroad
bond market of moneyed institutions. which
in the extraordinary cheapness of funds are
seeking this means of investment which al
ready shows signs of depletion, and after its
extension 10 less desirable class of bonds
must find its only outlet in shares.
The Stubbornness with which the late at
tackS have beer resisted and the poor success
in getting prices down, with the absence OF
real selling by London, which the bears had
depended upon to some extent, discouraged
the further selling of short stocks and The
manipulation had evidently for its object the
recovery of stocks already put out There
was during the day. however, marked lack
of offerings at prevailing prices, and cOnse-
quently the market sank into intense dull
Iless at times and as usual at such times, a
few stocks monopolized the trading and the
| general list remained devoid OF feature.
There was also an absence OF news of a
character to influence prices, and the fiuc-
tuations. outside of a few stocks. were con-
fined to the smallest fractions. Western
Union and Sugar led an upward movement
which extended to large fractions. The re-
suit of the persistent circulation OF bull
points. however. was seen i'll the sharp ND
ward movement in Colorado Coal which
rose per cent to 81, but gains in the railroad
list we're confined to fractional amounts.
The afternoons trading developed no feat
ure worthy of note and no movement of i'm
portdnce. There was some strength dis
PLAYED in the late trading on the efforts D
cover, but the market finally closed only
steady to firm, generally at close to first
prices.
The Post says: The whole movement of
stock prices is in the hands of the market S
two speculative factions. In point of cour-
age, dash. and speculative skill, comparisons
between these two contingents is altogether
one-sided. The professional leaders of re-
cent market advances have exhibited little
skill and less courage. Their forward move
ment is slow and timid, and the first sign of
danger however remote, is distinguished by
a general desertion. SO long as the short III
Ierest is actively covering, and buyers are
numerous, there is little difficulty in advanc-
ing prices, tor there are plenty of weak bear
spectators involved in the market; but II
the bear leaders cease bidding, the bulls are
in hurry to make sure of their profits, and
the market yields to touch.
Total Sales of Stocks
today were 199, SIS shares, including:
D., L & w.. 4,400I Reading. .20. 300
hGaG hou Il Nash. 2.Y2 2IC St St Paul. 10 rs
New England. :. 3,lOO Western Union. II, 22S
Stocks-ClOsing.
Atchison. .... 437slU. p, d. 4 Gulf. II
Adams Express. .146 NorthM estern. 1ig12
io do pfd f .....:.. M .l5o NY. Central. i13la
SAN. Express. :. .iiS NY, G & St. L.. 16ls
3d.. C. Il. IL NJ. % do pfd q
Canadian Pacific. SSA *Chio Il Miss. -. 20
Can Southern. e.. 5g55 do Dfd ........ S5
Central Pacific. 30I2 Ontario Il est,n 1884
Ches. Il Ohio. 22s4 oregon lmprovt ~
do Ist pfd . 61I2IOregon Nav. 50
*io I'd pfd ~ 42s4 North American. 1872
Chicago l. Alton .140 Pacific Mail ...... 34l2
c., 3. IL O. l035sIP., D. d. E. ...... 174
Rio G Western. 36!2 *Plttsburg;; 10:
do pfd =. 49,. IL Pullman 2. Car. .197
c.. c., c & St. IS Reading -. 80. CHS
Distillers Trust. As Rock Island 49,. 70
Del IL Hudson 1929 *St. L.&S F.1stpfd rs
D.. L. d w. 80. 159AiSt. Paul. =. .....- TIA
East tennessee. Tti 81 St. p, NJ. & NJ. .1i:ls
do 1st pfd d..... 81 st. p. y Omaha. 30
do I'd pfd....... 13L do pfd. III
Erie e.............. 27s4 Tenn. C. & L.. Ala
do pfd ..... Go Texas Pacific. 8
*Fort Wayne - .154l9 Tol. d o. e. ptd.. s.
Chicago & E. H.. 62 Union Pacific. 3y1s
Hooking Valley. So L. s. Express. -. so
Houston L. Texas "a Wap.. st. L. & P. II
illinois Central. .102 do pfd ......... p
ST. Paul Il Duluth 43 Wells-Fargo Ex. .145
Kansas & Texas. i5l2 Western Union 9il2
Lake Erie u W.. 2i34 Am COTTON Oll.. 5eS4
do pfd. . 715s Colorado Coal -. 322ss
Lake Shore 133I2 HomeStake ...... II
Louisville d N IS Iron Silver.. 80
Louisville & MA. 2il2 2Ontario. .......... 3S
*Memphis &Chas. 80 Quicbsilver ...... 3ls
Mich Central . 10Sl2 pfd ........ 17l2
*M., L. S. Il W.. % Sutro ......
do pfd..... ...130 Bulwer. ;..:...... 81
Mpls d St. Louis l24 K. d W. Z. Ter. 0A
do pfd 29L2 Wis. Central ..... IL
Missouri Pacific 56Is Ct. Nthn. pfd -. 125l5
Mobile IL Ohio 30 Chicago Gas. $50. 7yS4
Nashville Il Chat. IS Lead Trust :. -. 20
n. j. Central. ...140 Sugar Trust. 9l1s
Norfolk IL W. pfd. 46s4 Southern Pacific. 3lI2
Northern Pacific. 1g12Or s. l.. d. U. N. %
do pfd ... 5lSs