St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-26
VISIBLE SUPPLY WAS A SURPRISE
Decrease of Over Million Bushels Created Temporary
FURRY in Wheat on the Chicago
Board of Trade.
MAY CORN ALONE SUFFERED A DECLINE.
Selling Of Wheat by Partridge Brokers
Trade--New York Market Quiet.

NEW YoRK. April 25.-The stock marke I
today was again q quiet and narrow one,
with small fluctuations even among the LEAH
ing stocks: aad, while there was general
bearish feeling in the room. Northern Pacific
preferred was the only really weak point on
the list today. To-Day London was moder-
ase seller. and afterwards reversed this posi-
ton on the mqrzet. There was considerable
trading in Reading. Atchison ana 81. Paul;
but the short interest in those is known 10
have been largely increased OF late. and the
stiffness of the prices OF the prices Of those
shares has been owing 10 some covering.
Further engagements of gold for export
again restricted the dealings, and had ike
influence upon the fluctuations. the market
remaining unusually barren of special feat
ureS.
The only really strong spot In the list was
Hooking Valley both the common and pre-
ferred rising over Der cent on light transac
lions, and these gains are based on the i'm
proved prospects OF the company entirely.
The Richmond Il West Point securities were
still more quiet than last week, and EXCEPT
in Reading there was no feature among The
coal stocks. the late rumors having no found
atoms and few believers. The grangers,
however were as prominent as usual in the
market and inclined 10 droOp. and failed 10
score any marked change during the day.
The opening was ~ all eases lower, with
exceptional losses extending 10 Is per cent.
The pressure upon Northern Paclhc pre-
ferred Immediately made itself felt while
the strength III the Hooking Valley stocks
was equally as pronounced, but the general
list followed The first named and fractional
losses were the rule. The selling. however,
never reached large proportions, and prices
rallied toward noon; and while extreme dull
ness marked the dealings after that time,
there was slow but steady appreciation in
vaIueS which as a rule. wiped out the early
losses with some additional gains.
The only features of the ate trading were
the sudden rally in Lackawanna from 1913
10 l59l9 and the SLOW aud steady drop in Mis-
souri, Pacific, which finally brought ii below
the level of ali stocks and il stands alone
this evening ia showing material decline
for the day. Even the traders held alOof
awaiting the outcome of the movement of
gold, while the announcement that Mednes-
day Will be a half holiday caused some hest
lation III trading. The market finally closed
ddil, but steady TO firm, despite some realiza-
lions in the last houri but the final changes
are in all cases imm t5riHl, except in Mis-.
souri, Pacific, which is down lis per cent.
The Post says That The renewal or gold
exports IS attributable 10 real commercial
Conditions the governments latest trade re-
pot sh )Ws The statistics show that in the
month Of March, for the first time since last
Jlly. on countrys merchandise imports
have exceeded its exports. This change in
tIc proportion was Occasoned both by de-
crease III exports and an Increase III imports.
fnc falling OFF of Si,5J1.00J III exports is ex-.
planned wholly by the slow foreign demand
Tor ltton, whose export movement during
March was SCARCELY Iwo.thirds of It's volume
in either February or January.
The other staples have increased rather
than diminished in their outward mo rement
during March Meanwhile, however. our
imports of foreign merchandise have risen
in the same month 81, 800 900 above the Feb
ruary total, reaching the largest figure OH
record. 1t is this remarkable increase. rather
than the normal relation in our foreign trade
which has afforded European opportunity TO
draw our gold.