St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-31
New York.

NEW YORK March 3O@The operations In
the stock market today gave proof that there
are two parties i'll the speculation and that
they are quite evenly divided. Under the in
fltIence of those contending forces the
market was during most of the day feVerish
and unsettled, but the bulls had the aid OF
free covering of yesterday shorts. and prices
asa rule were well maintained. The pro-
fessional nature of the market, however, was
again demonstrated by the utter siagnation
which followed the completion of the veut-
ures entered Into yesterday ACCOMPANIED by
all almost entire cessation of trading.
Northern Pacific was more animated than
usual of late, despite the attacks upon it
there was demand enough from the shorts to
keep it moving upward from the opening de-
cline of l2 per cent. Sharp and short drives
were made at the coaiers, and all except
Reading yielded materially OH light trading,
Lackawanna, Jersey Central and Delaware d
Hudson reaching lower prices than have
been for some time, but the recovery was
equally if not more rapid than the drop, and
intense dizziness marked the further dealings
in those shares. In the rally that followed
the drive, however. Reading scored a SUBJ
stantial gain. in company with a few other
stocks which have of late been the objects of
special pressure. The grongerS were given
more prominence today, and ST. Paul gain
assumed its old place as leader of the market
in point of activity. and in il, as i'll the other
prominent shares, the efforts at depression
were followed by full recovery. and gains
of small fractions in addition.
The industrials were comparately neglect
ed and the low prices shares were through
out barren of feature Thesopening in gen
eral list was made at fractlOnally lower fig.
ures than those of last evening, but the coy
ering Of shorts was on so large scale that
prices rose from the first sales The con-
tinued sales for the short account however,
aided by some liquidation Of long accounts
kept the market throughout the forenoon In
an highly feyersn and unsettled state,
the prices advanced i'll the main.
The afternoon was marked by a
further improvement, though the business
done decreased the smallest limits at one
time. while in Reading, the coalers Sugar
and some Of the others material gains were
scored on a very moderate trading.
There was no setback. and the market
finally closed quiet to dull, but firm, gener
ally at about the best prices of the day. One
of the most prominent features OF the late
trading was sharp upward movement in
Manhattan, which, after selling down la. TO
1l5A, rose rapidly to 1l9A, and closed with n
reaction Of only 1s per cent. The final
changes are almost invariably slight gains.
but Manhattan is up 2, Burlington 1ls and
Delaware u Hudson per cent.
The Post SAYS: "All things considered the
present market is natural sequel to that
with which the month opened. 1t was obvi-
GUS to all unbiased observers that the end of
February, and indeed at all times alter the
Reading deal had eliminated, that the nor
NAL upward movement was pretty generally
completed. The bull manipulators we're de-
termined however not to let the market
lapse into its normal dullness. Aided BY the
easiness in money and by the historically
bullish condition of the average traders
mind. they forced the market up, section by
section, and locked it into rightly at the
new and artificial level
All this was very we'll SO long as the manip-
ulators were willing to hold stocks.
BUYERS showed no disposition to buy:
London continued in the main q seller. This
is the only explanation for the markets fail
ure to respond to any Of the recent an
nonncements of good news. The bull
news has come, but the buying force is ex-
hansted. The situation. as might easily be
surmised, has proved inviting to powerful
bear adyenturers.
Total Sales of Stocks