St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-17
FINANCIAL.
New York.

: NEW YORK. March 16.-OperatOrs. lnclud-
ing even the room traders, were today await
ing events, and especially as regards the
sugar combination and the action of the
Pennsylvania authorities i'll the matter OF the
coal combination. The street is inclined to
play the probability of the bill in the New
Jersey legislature securing the signature OF
the governor against the possibility that the
Pennsylvania may be able to find some flaw
in the agreement, and Reading dis
played strong temper throughout
most of the session, while realizatlonss
of the late advance and the execution OF
stop orders gave sugar weak squirt in prices
caused by the execution of some buying
orders in Atchson for speculative account,
but the general list during the greater portion
of the day remained without feature of any
kind and dizziness and stagnation ruled.
The new developments in both Richmond
and West Point and Tennessee coal were pro-
ductive of no further movements in either of
the stocks but a demonstration against the
bonds of the first named was followed by all
immediate recovery and in Tennessee coal a
ket to realize on the late ad-
vance kept The stock dropping through
out most Of the session. There was also some
buying Of Northwestern.w which was sufficient
to advance its quotations per cent, based
on the earnings Of the company. but the in
active stocks were unusually barren OF in
terest, and the limited animation shown in
Southern and East Tennessee seconds pre-
ferred resulted in no movement in their
process Reading was advanced in the fore
noon, but its activity dwindled to ordinary
proportions after that, and no further
changes of note occurred in the stock.
The opening of the market was made on
generally lower quotations, but the strength
of Reading rallied the entire market until
small fractional gains became the rule, de-
spite the weakness in suger. The movement
in Atchlson toward IL o'clock further ad-
vanced the list but here all motion in the
market ceased. the subsequent trading being
done within the narrOwest limits, and 1t was
not until Just at The close when the closing
out Of a few long accounts sagged the list off
O shade The market closed, however. dull
and steady to firm. generally at small frac-
tional advances for the day.. There was no
material change in any OF the active shares,
but the majority Of the list is slightly higher
than last evening.
The Post says: The movement of prices
on the stock market today was again natural;
which is as much as to say that the market
was exceedingly dull and fluctuations irreg-
ular. Reading moved up and down, after its
habitual fashion, within the range of one
point AS everybody understands how large
proportion of the transactions in this stock
are virtually fictitious trades, nobody is at
all surprised at the large local business cred
tied to Reading stock on dull day. To al
extent of course, the same comment is ap.
plieable to sugar ce rtificates, which resumed
their rapid up and down movement but
with limits about point lower than yester-
day. This steady falling off, in the face OF
the busy trading and expert manipulation, is
apretty trustworthy sign that the allotments
of new sugar is coming in mass upon the
market. through short sales in anticipation
of actual deliveries in the new certificates.
Total Sales of Stocks
today were 205, 763 shares. including:
Atchison o.. 235I Rich. & W. P. :. 1920
Erie. ......... 9,760ISt Paul. -. -. 5000
Northwestern 9,065I Western Union. 1890
Reading. "a, 500l