St. Paul daily globe., 1892-01-22
SHIP YOUR WHEAT,
BARLEY. RYE, OATS AND HAY
>ECKERT, WILLIAMS & Co.
DULUTH, MINI.
rnncinnnnnntS Solicited
FINANCIAL.
New York.
Consignments Solicited.

NEW York. Jan. 21.-The great strength
which was the feature OF the STOCK market
was lacking today, and i'll its place there was
general feverishDeSs under the frequent at
tacks of the room traders who have not yet
covered their shorts. There was an attempt
to cover at the opening, but the advances
over last nights figures, showed Dy the hrst
sales, which extended 7s per cent in Louis
Vile Il Nashville changed the tactics and
drives were made from time to time here and
there in the list without any material erect,
and prices today are practically where they
were yesterday.
ly urgent at any time today. but there was a
stubborn strength displayed by the list which
served to centralize all the efforts for re-
action. There was. however, paruc uiarly
good buying among the specialties ana
Northern Pacific preferred, and the Wheel
ing q Lake Erie stocks were notable in that
respect. The industrials were stronger than
usual of late, and drive at dlStllers. cred
tied to Chicago parties, while it knocked the
stock off from 57ls to 55ss in very short
time. was lust as quickly neutralized and
the stock shows only fractional loss for
the day. The great feature of the, day, how,
strength in the coalers, especially
Lackawanna and Reading. The movement.
however was only sufficient to recover the
early losses i'll Reading, although the busl-
ness in the stock was very large wne faen fne1,
it's lowest figure, and 1t closed Win very
substantial gain.
The General list was in the main quiet and
held within narrow limits, being heayy IN
the forenoon, but rallyipg in the last hour
with the upward movement In Lackawanna-
Cordage was the only other really strong
point in the list, and both the common and
preferred rose about per cent. Ihe close OF
the market was quiet and generally hrm at In
significant changes for the day. with ad-
yances and losses about equally dlVlded. 1he
advance in Lackawanna was per cent and
in Cordage per cent.
The Post says: 1t was curious stock mar
ket which followed, today, the earlier sensa-
tional trading of the week. During the
greater part of the day the movement OF
prices was sluggish. and at times business
appeared TO be wholly SUSPENDED. Wnat tnls
stagnation showed, however, beyond ques-
ton. was the total absence of an aggressive
outside interest and this was worth dlscov-
ering. because there were some signs In yes
terday's early trading that the non .pro1es-
sional BUYERS were still alert to the markets
changing phases. In the early trading OF to-
day prices, although somewhat Irregular.
showed great firmness, ana there were
numerous further advances. But the pro1es-
sional operators were not active IN either ol-
rection.
In the afternoon some restless spirits at
tackled the market with transparent and not
at all ingenious bear rumors; put the result
was disastrous to the sellers. Lackawanana, a
for instance. advancing sharply in the face
of their sales. In tact during the last ten or
fifteen minutes, these bears discovered that
they had walked deliberately into trap, ana
were forced to cover IN the stocks attackeu at
rapidly advancing prices.
Total Sales of Stocks
TODAY were 414. 402 shares including:
Atchison . IL, ,690IN New England. II, ,335
Chicago Gas. II, 7Osl Reading: .65. 73O
D.. L. & W. -. &c. S66I Rich. q w. T -. Los
Erie .12, 350ISt Paul ... &c, 265
Louisville &N.. 9, 1851 Union Pacific. II, ,410
n. P. pref. 49,. .16.O6Ol