St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-08
FINANCIAL.
New York.

NEW York, March THE stock market to-
day was not so active as Saturday. nor were
the movements on so large scale, even
though there were five hours of business in
place of two. There was on the whole firm
temper to the dealings, but considerable If
regularity existed, and While the Vanderbllts
still displayed the most pronounced strength.
the coalers, ndustrials and New England
were specially weak at all times and espe-
cially during the forenoon. A further en-
gagement of gold for export had some in
fiuence in creating a bearish temper, but
there was no renewal of the raid of Saturday,
and prices were left more to their natural
bent, and with the removal of the pressure
firmer tone was developed.
There was very little doing for foreign ac-
count, but better support In the local stocks
was factor il the improved tone, while the
positive strength shown by Lake Shore, and
later by North western, brought the whole
list along in the afternoon. The Richmond
& West Point securities were compare
lively quiet during the forenoon, but the
stocks rallied sharply, and the gains later in
the day more than recovered the losses of
the last few days. The grangers in general
were we'll supported, though ST Paul on
large business fuctuated within the narrow
est limits, and remained during the entire
day in the neighborhood OF eighty, but as the
day wore along the entire list showed less
feverishness. and prices rose slowly in re-
Spouse 10 the more settled feeling in the
room.
Reading and New England were again the
active speculatives, but while the latter rose
+ slowly with the general list the former was
in sup ply around 55lz to regain its early loss.
} Among the specialties the New York, Sus-
quehanna Il Western stocks were again
/ strong and comparatively active, the pre-
/ ferred making a material Improvement.
while cordage dropped 31s pei cent, only
small portion of which was regained during
the afternoon. The leading stocks, however
remained feverish and unsettled to the end.
In the last hour there was the most deter
mined raid of the day made on the list when
i Reading, Lake Shore, Northwestern and
T New England were materially depressed,
Lake Shore losing almost all of its heavy
| gains of the forenoon.
The opening of the general list was in
most cases fractioually better than Satur-
days final figures, while Missouri Pacific, for
no apparent reason, was up ia per cent ana
Omaha and Delaware d Hudson each UP. L
per cent. There was no settled tendency IN
prices during the entire session and periods
of weakness alternated with PERIODS OF
strength throughout the entire day. The
raid in the last hour, however brought al
most everything traded in down to the low
est points of the day, but sharp rally III the
leaders occurred in the last few minutes, the
market closing active and unsettled gener-
ally at fractional losses for the day. Read
ing, however. is down "a; Jersey central Z,
and New England per cent, while the low
priced specialties retained most or tnelr
gains. and the Richmond q West Point pre-
ferred closed at 67I2, the highest price of the
day aud 2Ia better than Saturday.
The Post says: The reasoning of the OPP
orators for higher prices is perfectly plain.
Stocks bought by outsiders several months
ago are confidently held and there are prac-
tically no stop orders in the market from this
source. London, whose liquidation check
mated all the later plans of the Reading bulls,
appears to have practically nothing to sell in
the Vanderbilt stocks This, let it be kept
in mind, is the the inference from
appearances, and it is not to be forgotten
that the Indications led most people to the