St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-09
FIN ANClAE..
New York.

NEW YORK, April S.-The stock market
today quoted down materially from its late
activity, and while liquidation for both
sides OF the account were still continued, it
was but the nnal settling up, and business at
the exchange was vlsibly affected by this
state of affairs. The movements in prices
also gave evidence that operators are again
for the time being at least awaiting develop
ments
Railroad stocks today were moved within
narrow limits the most prominent-the
only material change in quotations being Ill
the industrials. from which the rest of the
remnants OF the demand from the shorts was
sufficient this morning to advance prices
fractionally. but realiZations later neutralized
these gains, and. after a return 10 the level
of the opening figures. dizziness and stagna-
ton marked the dealings during most OF the
day.
The coalers still occupied the most impor-
tant position in the market, but their ANNA
tion was largely reduced from that of the
early portion of the week, and. except for
the reaction in Delaware & Hudson. which
was natural i'll view of its late sharp advance,
their movements were hardly of Importance.
st. Paul, Northern Pacific preferred and
New England showed most effects of the
covering of shorts. while liquidation of long
accounts were most conspicuous in the coal
ers, especially during the forenoon, after
which time there was marked improve
ment in their temper.
The only movement of importance after
the first hour was the sharp rise i'll Manhat-
TAM which showed gain OF 3 per cent at its
highest point but as the general list rose the
industrials weakened, and large proportion
of their advances was lost. There were again
free reallZatiOnS in the last hour, but while
New England was specially pressed for sale
and declined per cent the others scored
only small fractional changes, and the mar
ket finally closed quiet and firm, with most
of the list at small fractional advances over
last nights figures. The decline in Delaware
q Hudson was the only loss of importance.
and 1t amounted to 2 per cent at close, while
Manhattan was up IA, Cordage u.s. and Cot
Baltimore * Ohio and Edison Electric were
specially active and strong. but only the lat
ter made any material improvement.
The Post says: The character of today's
stock market was quite unmistakable. When
the standard stocks show obstinacy as to
further advances but bullish sentiment con-
tinues prevalent the professional community
invariably devotes itself to the ,industrials.' y
The cause of this recurrent phenomenon
doubtless is that these stocks are not only
affected by independent arguments, but have
earned reputation for peculiar gambling
opportunities on the bull side. Hence. when
genuine conditions become no longer oper
alive for an advance, these specialtles at once
arise TO notice.
Long before today's closing, however, even
these stocks had fallen into dullness and
nothing was left but some desultory bidding
up OF Manhattan. stock which has lately
shown an attractive disposition to stick fast
at advances. Elsewhere the trading was
very dull The dizziness resulted as was
natural after the weeks exuberant bull talk,
in q disposition to sell. and prices receded
materially in several quarters Ill the last half
hour. But only the small room traders were
responsible for this.
Total Sales of Stocks
today were 267, 204 shares. including: