St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-29
FINANCIAL.
New York.

New YORK. Jan. 2S.-Although the stock
market still continues broad, its activity and
strength today were IN spots, and while in the
few shares which received special attention
there were marked advances scored the gen.
eral list was held within narrow limits and
during the greater portion of the day dis
played no decided tendency of prices in
either direction. though developing q strong
temper toward the close. The bears made
frequent raids on the list and the which
stocks were subject to their attacks were the
most active as rule.
The attempts to get prices down, however,
met with very little success and that of a
temporary character only, prices ralying at
once from any pressure. On the whole il
was strong market. Special attention was
called TO Manhattan, which continued its
rapid upward movement and touched No.
and though IL was not held ut that figure il
established gain of about IL per cent from
Its price before the rendering of the last de-
cision in favor of the company.
The coal stocks were much more quiet
than usual of late. and Lackawanna became
shining mark for the bears, and after the
most successful raid of the day it showed
loss from last nights price. of 1a4
per cent. but rallied rapidly and
effectively showing only slight loss at the
close. The others were strong within com
paratively narrow limits. The features of
the day, in addition to those shares. were
the grangers, and Gould stocks, together
with the Northern Pacific preferred. In all
of these there was a marked increase in ac-
tivity toward the end of the session. and ali
made handsome gains at the time, giving for
the first time positive strong temper to the
speculation, and bringing prices all along
the line up beyond the level of the opening
figures.
Among the low priced shares, Louisville.
New Albany & Chicago continues to be most
prominent for both strength and activity, the
late large order for new equipment being
interpreted as evidence that the deals bv
which it is to make very advantageous con-
nectlons to the South are closed. or nearly so.
Oregon Navigation Illinois Central, ST. Paul
preferred and the cordage stocks were spe.
cially strong during the day
The opening was quiet at fractional ad-
Vancements, and. while there was some I'M
easiness among the shorts. the bears were in
clined to hammer the list in spots causing a
slight recession which was afterwards made
up, and. under an increasing demand, prices
moved forward slowly in the general list. but
more rapidly in the general stocks mentioned
me hnal raid OF the bears on Lackawanna
was entirely fruitless. and that stock rallied
over per cent in short time while the rest
OF the active shares were advancing steadily.
The close was active and strong at or near
the top figures of the day. The chief gains
were: St Paul, ga; Northern Pacific pre-
ferred, 1l2; Lake Shore. 1ss; Louisville 4
Nashville, Ia. and Cordage and Rock Island,
l per cent each.
The Post says: Nothing is No ore satisfactory
in the present market than the disposition to
ignore those purely speculative stocks whose
wild advance discredted, three weeks ago
the entire upward movement On smaller
scale operations in these securities will
doubtless some time be revived for they pos
sess,. in the eyes of petty stock exchange
gamblers. precisely the same fascination
as roulette table or dice box. Conservative
Investors and operators, however, have lately
had an opportunity to take the measure of
the specialties.
Total Sales of Stocks