St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-13
SELLERS AND SCALPERS BUCKINC
They We're Against the Leading Cereal Chicago
Change All Day Until Compelled to Cover
Their Short Sales
WHEAT AND CORN FRAcTIoNALLY HIGHER
Pork, Lard and Ribs Unchanged Very Light Trad
iDg--Extended but Narrow Dealings
New York Exchange.

New YORK. Nav 12.-The stock market TO-
day was still extremely narrow, notwith-
standing the fact that the dealings extended
10 a large number of stocks, for the interest
was centered in few shares which were af-
fected by special causes. The improved
feeling in London was not so apparent
today and the operations of the foreigners,
including the arbitage houses. were insig-
nificant while all the animation seen during
the day was the direct result of bearish opera
lions by the local contingent outside OF such
Stocks as Manhattan, Hooking Valley and the
industrials
The general market was heavy at times
under the influence of the attacks on the
few stocks mentioned, but the tendency was
undoubtedly to advance had the market
been left to take its natural course. and, as
it was, the changes in quotations were i'll all
cases insignificant throughout the day. The
opening was fairly steady, and prices imme-
diately advanced in the absence of pressure,
though the market was dull; but the pressure
was soon supplied, and concessions were
made. Chicago Gas leading. though its loss
did not amount 10 much until well in the
afternoon, when other stocks Joined 1t, ana
the whole list was given weak appearance,
Hooking Valley Manhattan, and some OF
the industrials, however, were even stronger
than those stocks were weak and SubSIantlal
gains were made i'll them. though general
weakness of the market In the afternoon told
on their advances. and partial reaction oc-
Cured. The great feature of the late deal
ings was the renewal of the attack on North
ern Pacific preferred, and on largely IN
creased business IL fell away over per cent.
The rest of the list followed and the close
was quiet but weak at the lowest prices OF
the day in most cases. though the list as a
rule was only slightly below the level of the
opening prices The final changes include
losses of per cent in Rock Island. lss in
Northern Pacific preferred. and IA III Unron
Pacific, while Hooking Valley is up 15S, Man.
haitian ls4 and Cordage ia. 80
The Post says The fortnightly settlement
of accounts on the London stock exchange
was completed yesterday, and LondOn's
heavy buying for the short account ended
with it, Today, for change, foreign bTok-
ers sold our stocks, but not i'll any such
quantity as to affect the market seriously.
This action of the foreigners proved what
unbiased observers knew already, that heavy
buying for the rise by foreign spectators is
not yet to be expected. Nevertheless, the
corner has really been turned, and If our
local bulls have not yet gained in London an
active alley the bears have at least lost one
whose aid was invaluable.
From this time on the operations OF Europe
in our security markets will be OF singular
interest. All of the weeks earlier enthu-
sasm had vanished from today's market.
The selling i'll the granger stocks was almost
wholly short stock The bear traders kept
up all day a desultory hammering at prices.
Union Pacific and Rock Island alone suffered
severely The movement of Union Pacific
suggesting moderate liquidation.