St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-02
ElNANejaA r1.
New York.

New YORK, Feb 1.-The market today was
active only in spots, and those shares were
those on which the bears concentrated their
efforts Atchison. Louisville. st. Paul. Rock
Island and the Distillers were most conspic-
uous during the entire day. The rest of the
market fell away slightly in sympathy with
the leaders, but fiuctuated as rule insig
nifcantly, and, for ii greater portion of the
time there was scarcely any perceptible
tendency of prices in either direction. There
was the usual proportion of good purchases
of bonds and stocks. but the buying power
was limited, and at no time was 1t sufficient
to make a Roadway against the pressure of
the bearish element Atchison was the most
active among the railroad features. 1t closed
within q slight fraction of its lowest figures.
The selling of Louisville d Nashville was
encouraged by the poor showing Of the road
for December, and the comparatively higher
price at which it opened alone prevented
material decline for the day. On the other
hand, Manhattan was very strong, and rose
per cent, while Consolidated Gas. opening
up per cent, retired over per cent. The
very encouraging statement OF Burlington
for December. however, met with better rec
ognition than that OF Louisville, and the
stock rose per cent after 1t was made pub
lic The generally lower tone displayed
continued throughout the greater portion of
the day. though when the pressure was
abated prices rallied, and especially il the
afternoon. The selling was resumed with a
vigor in the last few minutes. probably with
the view to the London market tomorrow
morning, and the market closed with consid-
cradle activity and weak. at about the lowest
prices of the day.
The final changes of note comprised loss
of 21S in Distillers, Sugar l2, Atchison New
England each 1ls, and Union Pacific, Rock
Island and Burlington per cent each. Rail
road bonds were active, and displayed con-
siderable firmness. despite the weakness in
the share list and most of the final tonight,
and are advanced with a few gains The
total trading was 2.965,000, out of which
Richmond and West Point contributed 100-
coo. the fives 10000. Union Pacific notes
10000, two Chicago d Erie incomes 117.0O0.
New York and Northern seconds declined
3l5 to SIP.
The Post saws it was currently reported to-
day that one of the fabricatOrs of Wall street
canards, lately absent from the market re-
sumed operations on The bear side today.
This was not i'm probable, Judging from the
character of the "bear rumors'' which flooded
the exchange. Among them was the conf
had defauted on its Colorado Midland cou-
pons. This .rumor'' spread great gloom
over the exchange, which was but slowly
dissipated by the very favorable December
statements issued by the Atchison and the
Burlington & Quincy
Those items of genuine news caused some
covering in the afternoon, and strengthened
the weak stocks, but no outside support de-
veloped, ana a raid at the close carried prices
pretty generally down to the lowest of the
day. So far as superficial causes control the
sterling exchange market today's further adj
vance in rates will be attributed to our some
what decreased exports and the recent sales
OF our securities by London. In larger