St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-08
FIN ANClAl4.
New York.

New YORK, April 1.-THE new interest IN
thes stock market manifested yesterday
showed no diminution today, and the activ
itvin the general list was increased, while
further progress was made toward higher
prices. One of the most encouraging signs
was the better distribution of the business,
and the few stocks which have of late en-
stire1y made the character OF the market were
much less prominent in the dealings. The
reduction of the Bank of England rate. while
fairly discounted in its effect upon prices
had an encouraging influence upon the re-
dueton in sterling exchange rates. An
tother encouraging sign was the strength of
the Richmond IL West Point securities and
the increasing transactions in the trust COM
parry receipts for the common stock.
=" The coal stocks, while not occupying so
prominent position in the trading were still
fairly the leaders in activity, and Delaware
4 Hudson on the reiteration of the associ-
alton of recent purchases by the Wander
bits further advanced 149. The others failed
to follow, and Reading exhibited during q
large portion of the day reactionary tenn
per and failed to rise above its first price,
while Lackawanna declined materially on
a fair mark for the bears in the early deal
ings. but rallied hands omely toward noon in
contract to Northern Pacific preferred, which
was weak and declining throughout the en-
tire session, and was one of the few socks
gaining material loss for the day.
There was no news to account for the de-
preston, and no rumors of importance. The
upward movement IN Delaware and Hudson
met large amount of stock for sale at the
best figures and the improvement was all but
strength was seen i'll the industrials and
both Cordage and Cotton Oil were conspicu-
GUS for their gains on an unusually large
business for them. The general list was
more active than usual but followed at O
safe distance the movements among the lead
ers, fuctuating within narrow limits and
prices tonight are only slightly changed
from those of last evening.
The close was quiet, but firm at the reac-
ton, the amount of business done showing a
marked falling Off toward the end OF the ses-
sion. The final changes are generally insig-
nficant, but while Northern Pacific pre-
ferred is down 1lB and Lackawanna one per-
cent, Cordage is up 1ls.
The Post says: With the opening OF this
decline. In London it has fallen nearly one
penny per ounce since Monday. tits appar-
ent every day that the movement of prices
for this metal is regulated purely by trade
conditions. All London advices on the SUBJ
jectHagree in the day-.todays market il is
i'm possible to find bidders. Buying there is
and must be at intervals, as the heavy pur-
chase of 100000 ounces last week for English
account shows.
But the demand for Indian shipments is
less constant than the American production,
and Londoners are so convinced of the mar
kets intrinsic weakness that they regularly
hold back their buying orders until there is q
sharp break in the price, usually after the
completion of our governments monthly
purchases. Nobody pretends to know where
all this is to end. Apparently no improve
ment can be expected until there is extern
sive restriction of output at our own mines.
| Meanwhile Oriental trade is utterly democrat
ized for it is the legal tender money of these
unlucky nations, whose purchasing value is
being beaten down by the overwhelming
production.
Total Sales OF Stocks
TODAY were ISL 329 shares includinp.