St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-19

NEW YORK, May 1s.-The stock market to-
day was active and dull by turns, but the
animation. when shown, was still nothing
more than the apparent result of The opera
tons by the bear party, their sudden drives
being attended by marked increase i'll the
business in those stocks TO which they paid
attention, but the cessation of their efforts
was invariably followed by dullness and COM
parative stagnation i'll prices. There was
evidence of more support 10 n Northern Pacific
preferred, and a material rally occurred In
that stock during the early trading, but the
attempts upon the Gould stocks and the corn
roads were continued. but without the sue
cess which attended the drives at those stocks
yesterday, and indications pointed 10 the fact
that the manipulation was more for the sake
of covering outstanding contracts than for
the purpose of permanently depressing prices.
One of The features of the day was the re-
newed strength and activity in Reading, but
the rest of the coal stocks did not respond to
the advance. The most prominent operators
OH that side were today on the street and
busily engaged In giving out orders, and the
failure of prices to decline much is accepted
as evidence that the orders were rather buy
Ing than selling ones. An attempt 10 make
1t appear that The Gould party is endeavor-
ing to depress prices made little or no prog
ress today, and the evident attack upon
Burlington sufficiently accounts for the anx-
ietv OF certain operators over the western
floods which have been put forth to explain
the decline in the stocks of the corn belt.
i he opening of the market was made at
higher figures. but the drives at the Gould
stocks and the grangers soon changed the
temper of the dealings, despite the strength
in Northern PACING preferred and few
others. Prices we're driven down all along
the line, however. and this was succeeded by
q rally in the afternoon, but which was, as
usual accompanied by growing dullneSs i'll
all portions of the list, after drive at Bur-
lington had depressed it over per cent.
The market for the rest of the day was al
most featureless. Prices showed some in
clination to weaken again toward the close,
which was, however dull and firm, generally
at insignificant changes for the day. The
strong point of the day was SusQuehanna u
Western preferred, which rose ga but on
the other hano, North American lost 1ls, and
Burlington and Hooking Valley each per
cent. The trading reached 27S, $40 listed aud
IL 621 unlisted.
The Post says: The course of prices for
the three opening days of this week has been
q curious reversal or the movement OH the
same days last week. The chief difference is
that the operators for lower prices have eX-
hibited far more courage and dash than their
antagonists The bull polls of last week ad-
yanced prices in a half-hearted way. and
based most of their expectations on active
London support. InaSmuch as London was
basing its own limited buying OH anticipated
strength in New York, the situation was akin
to that of two people. each of whom de
clines to move until the other has made
start, and neither of whom in consequence
moves at all.
ruu Gs.f Of