St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-14

NEW YORK, April 13.-There was not much
! encouragement FOR the professional bear, in
the stock market this morning, and their ef-
forts were confined only TO one stock. which,
! while Welding readily al first 10 the pressure
bronsh, 10 lear. proved 20 respond more
readily 10 the efforts to cover later London
figures were higher this morning. but foreign
houses were doing little. and the dizziness IN
the market continued unchanged except for
the special animation in the indusirials, New
England and specialties, and later m the coal
stocks.
The traders. as usual. were the principal
sellers, but stocks were taken at all conces-
sions, aud the general market. while dull,
displayed Il strong temper which resulted IN
+. slow but steady appreciation in values ell
along the line. Some sensational stories OF
intended litigation against the Cordase com
pany offered an opportunity 10 the bears 10
raid the stocks of the company down. The
prices were forced off 3 per cent for the com
mon and liz for the preferred The stocks
aid not long remain.under The hammer. how
ever md rapid and full recovery followed.
New England was another weak point IN the
early dealings. The loss today reached some
thing over per cent, and partial rally only
succeeded.
Against these movements were TO be placed
| the new squirt in the Lake Erie Il Western
stocks, which carried the common up per
cent and the preferred nearly .. which was
| accompanied by marked strength in the in
: dusiriHls and later in the coaleTs all of which
were again advanced materially with Della
ware x Hudson in the lead. Reading now
ever. again took its old place at the head of
the speculation before the close and scored
much larger advance than usual OF lHIe. The
general market remained without feature
throughout the day. and the activity and
strength in the leaders while sufficient TO
give firm lem per, failed 10 move prices 10
any appreciate extent
The close was dull ana firm, generally al
about the lest prices OF the day, but in few
cases were these materially higher than those
Of last evening. The market gains included;
jersey Central 2ss Reading and Sugar. each
ls4 Lake Erie u Western. rs Lackawanua.
1873 and Chicago Gas, per cent while Cord
age is down per cent Railroad bonds were
again specially active aud, with wide dis
tribuiioa of the business. firm To strong
temper Was shown throughout the day. but
few material gains as usual. The Reading
issues aud the Richmond * West Point issues
were specially prominent in tire dealing. and
all the Readings are higher. but Richmond Il
West Point IS. after selling down 10 56s4.
closed unchanged at 5Sh The transactions
reached s., 252.0 600.
The Post says Markets like that of today
are such familiar spectacies in the course OF
n holiday week that there was no Ocea-
sion today for surprise. The general market
stimulus from London, would have been abb
solutely featureless. The sDcculating fra
ternitY consequently turned. rs might readily
have been foreseen. and easily manipulated
stocks and held themselves TO the coal shares
and sugar certificates.
With the permission of "insders any
body can add three points 10 the market quo
tation of Lackawauna. or Delaware * Hud-
son, or New Jersey Central, and this was
done after the usual arbitrary fashion Read
ing followed at slower pace, and, the mar
ket conditions being somewhat similar on
sugar certificates. little difficulty was found
i'll bid ding up prices there. Chicago Gas, too,
was taken in hand somewhat mler on the
same principle. In all this there is, of course,
a tomorrow but tomorrow IS seldom ominous
with holiday IL sight.
Total Sales OF Stocks
today were 21,sj2 shares. including:
Atchison ., s166 Nor Pac. pfd . $3.50
Chicago Gas -. $3.50 New Englund 10 100
Del, Lack. d " 16, 900 Reading .... g., go
Del. Il Hudson. 1928 Rich. Il W. p. 5,st3
Erie. 6,2) st. Paul.. 10000
I fttfu .sh nc