St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-09
SHIP YOUR WHEAT,
BARLEY, RYE. OATS AND HAY
ECKERT, WILLIAMS & Co.
DULUTH, MINI.
Consignments Solicited.
FINANCIAL.
New York.

NEW YORK. Jan. Cine stOcR market
today was very active and feyer1sh through
out. but, while the amount of business done
falls short OF that of yesterday, there was no
less interest in the transactions, which were,
If anything, more significant on the whole.
The irregularIty in the movement continued
10 be feature of the trading until the close;
and. while New England, Rock Island Man.
haitian, Louisville, New Albany & Chicago
and Northern Pacific preferred, with some
of the low priced specialties, were specially
strong, Missouri Pacific, Union Pacific Dis
tillers and Atchison were weak points.
The general list was. as a rule. quiet, and
moved within comparatively narrow limits
and the excessive trading in the few more
prominent stocks brought the days business
up to its high figure. The bears were again
aggressive, and made drives at several stocks
at different times, and these efforts yesterday
and today have, it is believed, closed out the
stop orders which have been menace TO the
speculation.
The transactions in Chicago Gas were still
enormous this morning, probably $1,000
shares changing hands in the first fifteen
minutes trading, while 1t opened at differ
ent prices from 70 to "a, while it only went
1s per cent below the former price during
the day. The strength displayed by
the stock quickly restores confidence
anu it advanced to 75ssc, the general market
gathering strength in the meantime. The
feyerishness, however. never departed from
the stock and the drop of per cent in dis
tillers. which was engineered for further et-
feet upon the general market seemed to have
no further influence than this. This decline
was as quickly recovered as the other, and
New England Immediately came to the front,
continuing its remarkable upward move
ment helped by further rumors favorable to
the company.
Special pressure was brought to bear upon
the Gould shares, and Union Pacific dis
played real weakness, but the sharp upward
movement given Manhatten late in the day
served to disseminate the idea that the i'll
cil apr ,,Nfi off m dom hos
shares. The late dealings were also marked
by a marked advance in the coalers, sup
posed to be another move against the shorts.
Jersey Central, Delaware d Hudson and
Lackawana all scored substantial gains.
The most remarkable movement of the day
was in the securities Of the New York d
Northern company, the stock advancing on
large advances from 1894 to 20, the bonds fol-
lowing closely. Most OF this was retained at
the close. The general list opened generally
at small fractions higher, but the movements
continued on q small scale, and the irregu-
larity was one or the features of the day,
though the market displayed considerable
strength throughout and advances this even
ing are more numerous than losses.
There was final effort to knock prices
off in the last hour but 1t was met by the
advances in Manhattan and the coalerS. and
the market closed active and firm, generally
at small fractional gains for the day. Dis
lillers is 15a per cent lower this evening, but
New England is up 2ls, and Rock Island.
Northern Pacific preferred and Richmond "
West Point are each per cent higher, while
New York d Northern, Richmond & West
Point preferred and Susquehanna d Western
preferred are up larger amounts
The Post says: Yesterdays tradings was
the elimination Of what may be properly
described only as a gamblers market. The
folly, recklessness and bad faith which
marked its progress and climax would have
made notorious the least reputable faro
table or pool room known to our times. This
is strong language, but 1t has ample justifca-
ton in the facts.
Nothing could be conceived of more graft
flying to the allied agitators whose profession
is the denunciation of Wall streeH than the
spectacle which this week has presented, of
group of experts, trained in the business,
tempting into the gambling whirl multi
lude of foolish and purblind dupes, only to
unfortunates can never learn les
son from the past; never investigate the
facts before they believe assertions. The
word of interruptions and probably inter
ested rumor-mongers is gospel to them, and,
once deluded and shorn in the Wall street
shambles, they await only summons from
the same quarters before presenting them
solver for further and equally well de-
served repetition of bitter experience.
Not being built upon the sand, this market
endured the strain of such an episode and
rallied from it. The market has been honey
combed with stop orders in the stocks re-
ferred to, and the bear raiders captured the
greater part of them yesterday. But they
caught very few in the standard stocks and
in the directions where it's real strength lies.
Total Sales of Stocks
today were 566, 5S7 shares, including:
Chicago Gas. %. 1000 Nor. Pacific pfd. $50
ID. T.. d w 5ISU New England. sc. $50