St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-30
St. Paul Title Insurance and Trust Co
FINANCIAL.
New York.

NEW YORK. Jan. 29.-The stock market
again showed the effects of continued ham
mering by the bears and their allies. the
traders, but firm temper was maintained
during the greater portion of the day, and not
outstanding the pressure of the professional
element, prices yielded only slightly, and
even i'll the specialties, which were attacked
as particularly vulnerable, few show losses
OF moment. The foreigners were both buy
ers and sellers in the market, Louisville &
Nashville being specially pressed for sale by
foreign houses, and that stock is the only
one of the usually active railroad shares
which showed any material loss for the day.
The selling, however. had more of the ap-
pearance OF professional pressure for effect
upon the rest of the market than of genuine
liquidation OF long accounts, and the strong
influence which it had on the rest of the
list indicated the temper of holders in gen.
eral. AS usual of late, few stocks monop-
olized the marked movements and while q
few were very strong others were equally as
weak
The feature of the forenoon's trading was
the unusual activity and strength in Denver
q Rio Grande preferred, which scored q
handsome advance and held 1t throughout
the day. Rumors were afioat, to account for
the movement, that the road was about to
become part of new through line, but it
is understood that the affairs of the COM
pany are now in better shape than for years.
and the time has come for movement i'll
the securities of the road. Lackawana
was also strong point, but its prominence
in the market has been heavily diminished
during the last two days. The movement in
Manhattan seems to have reached its limit,
and that stock further retired during the
day, while among the specialtes Edison
Electric came to the front with u large ad-
vance on light trading. The weakest stock,
however. was Distillers. which steadily lost
ground all day long, and showed increased
animation on the decline. The rest of the
market was quiet all day, and traded in with
in narrow Limits.
The close was quiet and steady to firm at
small losses in most stocks; Distillers. how
ever, is off PIP. Louisville and Nashville Us.
and Manhattan per cent, while Edison rose
4le, Michigan Central 3. Denver l. Rio Grande
preferred 1ls, and Lackawanna 1I2.
The Post says: The remarkable discrimi-
nation in favor of dividend-paying stocks
which has characterized the whole of this
weeks market, again controlled the move
ment of prices today. III one respect the
market contrasted singularly with that of
last week and the week before. 1t was so far
from being a professional market in the
usual occupation of the term that the ap-
pearance of a room trader as the leading
bidder-up of prices-which happened at the
start in Manhattan-was the signal for an
immediate suspension OF other peoples pur-
chases. Indeed, it cannot be doubted that
at least a large proportion of the room
traders are enlisted against the present mar
ket; fact that will not greatly disturb those
who have watched the recent achieveme hts
of these worthless.
Total Sales Of Stocks