St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-21
CUKN WAS kING FUR 4 UAI.
shness Extraordinarily Heavy Dealings in Spots and
Sharp Fluctuations Marked the Action
in the Corn Pit.
CHANGES IN PRICE ARE cURloUsLY SMALL.
Cereals Gained Small Fractions Pork Products Lower
New York Stock Disturbed.

NV YORK. April 2).-The market for Sc
crriiies vas again disturbed today by the
beavy selling pressure on Reading, but it
seemed 10 be more BY the professionals than
during the last few dsys, and while the con-
cessIons established were large, the move
nent partook TOO much Of a speculative not
IRE 10 permit Of its long continuance. The
liquidation Of long accounts for foreign ac-
count. hich was 50 marked feature yester-
day, was lacking this morning and the tenn
per Of the general list was hrmer though II
was unable 10 resist the influence Of the raid
upon the leading active stocks.
a gratifying change IN the mper OF New
England, accompanied BY rise Of ~ per
cent in It's price, was partially Offset by a
set buck for Western nion. but the decline
IN the last named stock reached n large frac-
lion only, and rs usual The elimination OF
the raid was followed by dizziness. London
was a seller to II moderate extent Of Erie and
II Paul. ana both Of those stocks yielded
fractOnaliy during the forenoon. but later
snbsideb inLo dullness unusual for them
The course OF those stocks, how ever. fully
represented The feeling In the street upon the
probabilities Of the rest OF the list.
The selling Of Reading by Philadelphia
houses was very heavy. but with lie removal
Of the pressure Hud the comprehension by
TIE local Operators mat the pressure WIS not
10 be Immediately renewed. there was rush
to cover shorts and II full recovery occurred
even IA ihe weakest Of the list, aud New Eng
land al its highest point showed gain over
per cent from It's first price. The covering
movement in lis turn subsded and dizziness
WAS again the order Of the day.
One Of Tie most encouraging signs in The
late trading, however, was the strength OF
the Vanderbilt stocks. Lake Shore and Oma-
ha especially being prominent Tor strength,
while the spuft In New England did much
10 restore confidence upon the cessation OF
the selling pressure Among the specalues
there were no movements of importance. and
the final changes among them are lnsignlfl-
cant in all cases the market finally closed
fairly active but steady to firm. uOtwitEstand-
ing the sales TO realize by the purchasers OF
The forenoon. which segged prices of some
what in the last hour.
The lst Is generally slightly higher than
last evening. but with the single exception
Of New England which is up 2se per cent,
the gains are for fractional am cunts only,
Lake Shore being up only "a. while Wheeling
d laEc Erie preferred is w ".
The Post says: 1t Is hard 10 see what there
is in the immediate prospect Oh which TO
base an cXleI size selling movement. There
are, to be sure, plenty OF possibilities which
may develop into unpleasant facts; but then
there Gie factors, too, which may work III
exactly the opposite direction. III the ru-
mOred plan for a change In Ubion Paclics
management was TO be carried out, II would
be one of these The covering by yesterday
afternoons bear operators gave an aspect OF
animation 10 the early afternoon market, and
several important stocks rallied to the best
figures of the day.
This WAS the case with Reading and with
the high priced dividend PAYERS which
naturally received strong support as soon AS
1t was evident thRt the bears were on the
run IN the last hour II appeared That the
short interest had pretty generally covered,
and lacking that stimulus prices tagged
again. The real feature Of the days business
was the cnorm GUS trading In Reading.
On the whole, today market was typical
of the situation, and was chiefly interesting
for that reason.
Total Sales OfSIOclGs
today were $50, sI3 shares. including:
Atchison 80. =. 0,105 Missouri Pacific 1890
Chicago Cas- $500 n Tor pac pfd. 7,225
Del, Lack. & W. 1895 New England. 45.14
Erie............ 21.271 Reading ....... 800, 720
Lake shore &c.,. II, l20lSt Paul .. ~, 80
Louis. q Nash $3.50 Western Union II, 1876
Government and State Bonds
Government bonds have been dull but
steady. State bonds have been duh and
steady,
L. s. As reg. =. ..il5&lM., K. d T. G. 5s. 5Os4
do Is coup. .Ii57s Mutual Union 6s. 10S
do Is reg ........lO0 N. j. c. Int cert. lies
Pacific 6s OF % l09 N Pacific lists. 1l7Ss
La. stamped Is -. "a do IDS. .........l l2A
Tenn. new set is. 10Y n w. consols.. .142
do IS. ......... 90 do deb. IS. go 1914
do 3s........ 70lalSt l.. u J. M.G.5s SLIP
Can. South. Pos 1CC8l ISt. l.. q S.F.G.M 100
Can. Pacific lists. .l06 st. Paul consos 12St2
ID. d X. G. lists. Ills St.P., c. 81 7. lists. .1lS
DIR. G.W't lists. SOS do 2ds.... l 81
Erie 2ds. . 1Ga Union Pac. lists. l0S
NJ. X. q t. Gs... SIP West Shore 80. l037s