St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-01
FINANCIAL.
Both Stocks and Bonds Show
But Little Activity.

New YORK. March 31.-Aggressive opera
tons in the stock continue only on the bear
side ana they are restricted to the limits
of safety, and, while no disposition is shown
to activity, resist the pressure brought to bear,
the amount OF long stocks coming upon the
market is in considerable and the impression
made upon prices without significance in the
main. A few points in the list. however.
offer special opportunity for depression and
these are made the most of for the time being.
affecting the general list to certain
extent. Among these at present the Rich
mond and West Point securities are most
prominent. followed by New England and
from time to time the industrials and coal
ers The recent aggressive action of the
New Haven road was made the basis of an
attack upon New England and upon that
stock and Reading the bears concentrated
their forces today. Louisville d Nashville
material concessions were made in the rail
road list. even in the late dealings, when
further declines were made in some stocks.
Sugar, however, became the weak point late
in the day. and after selling as high as SSI2 it
retired 10 95a4, closing only slight fraction
higher than its lowest figures. The general list
throughout the day was traded in within
the narrowest limits, and even such active
stocks as Erie, for instance, fuctuated over
range of only "a per cent. The temper fol-
lowed the movements of the leaders at long
distance and no decided tendency in prices
was to be seen at any time outside OF the
active shares. The weakness i'll sugar was
felt in the late trading, and gave to the final
dealings droop:ng tendency, the market
finally closing rather heavy. with most stocks
either at or near the lowest points of the day.
The declines of note comprise sugar, 2ss;
Reading, 1S4; New England, 15s, and Man
haitian, which tiuctuated widely, only rs per
cent
Railroad bonds were even more featureless
than stocks. and while the dealings again eX-
tended to a comparatively large number OF
issues, the tone was rather heavy, and the
final changes insignificant in all cases.
There was moderate amount of activity i'll
the Richmond West Point 5s. the Reading
eeond incomes and the Atchison incomes.
ut only the first PANIED scored any material
hange. The total transactions were Sl,227,-
co.
Government bonds have been dull and
steady State bonds have been dull and
steady The only business transacted i'll
petroleum today was switching OF April con-
tracts i'll MAY. The deals were all closed at
55c Pennsylvania oil spot sales, none: April
option. 55c; Lima oil, no sales; total sales
5000 bbls.
The Post Says:
1t was suggested that defeat Of the silver
movement in congress might furnish on In
teresting test of the foreign attitude towards
our own market. The movement has already
met defeat, but the results of the test are
meager. No steady European buying of our
stocks has vet followed, even in the narrow
field of arbitrage trading So far as the test
has proven anything, it has proven that the
foreign speculative interest in our stock
market is at present dead, not easy
to revive. In our bond market
Europe is reported to have been a
more active investor recently than for
some time previous. Such investment how
ever must. of course. have been made, il
made at all in any volume, lover the coun-
ter On the stock exchange itself business
in high grade bonds has fallen off heavily
since the opening of the month, although it
will be observed that the quotations are gen.
eraly point or two higher. The bond mar
ket Will be worth careful study for some time
to come, particularly as it is growing more
apparent every Gay that the plentiful supply
and low rates for money i'll all the financial
centers are likely to continue.
Total Sales Of Stocks