St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-15
FINANCIAL.
New York

NEW YORK. Jan. lathe stock market was
In the main comparatively quiet to-day, with
dropping tendency most of the time, and
the operations resulted in material losses for
a few stocks and 1mmaterlal changes for the
rest. The death of the heir presum ptive to
the British throne had its influence in Lon
don this morning, and there was great expecta-
tlon on the part of the bearish traders
that the generalization of the foreign
markets in consequences of this event would
be effective here bv liberal sales for the for
elgn account. In measure this was realized
by the drlbbllngs of stocks from foreign
sources were easily absorbed. and while they
give heavy temper to early dealings. they
had little influence later in the day and the
stocks which have all International market
were III the main no weaker than the re-
mainder OF the list.
The principal domestic influence in MAX
ing lower prices was the effort of the bears
to make uneasiness over the occurrences at
the meeting of the advisory board of the
traffic association. The weakness in Mis-
souri, Pacific may be fairly attributed to this
feeling. The market however, was rather
unsettled all day long, and while after the
opening decline, which extended to / per
cent i'll Missouri Pacific, 1873 in Sugar. and
fractional amounts in the rest of the list.
There was firm tone during the forenoon,
but later prices generally settled away. and
failed to rally at any time. The movement,
however. was slow, and in most stocks
amounted to small fractions only. The in
uustIiaiS were Hrn' anu sugar, AFTER It's
marked loss at the opening, actually scored
fractional advance during the day. The
strong point in the market was the Chesa-
peake Ohio shares, and the preferred
stocks showed the most pronounced
strength. while the common was special
Unusually barren of feature, and While T t5s
ow-priced shares were in many cases active,
they were moved within narrow limits and
their final changes are generally insignificant.
SnnnialtU nair
fairly led the movements of the day. its final
loss being larger than that of any other stock.
The market closed quiet but weak at about
the lowest figures of the day. The list is al
only slight losses, while ST. Paul is down 1ss;
Atchison, 49, and Missouri Pacific. | per
cent; Chesapeake & Ohio first preferred,
21s ard the second preferred, 1I5.
The Post says: The nature of this weeks
market has been such as to furnish proper
sequel to the crazy professional market of a
week ago. Some talk may be heard in Wall
street just now to the effect that the bull mar
ket has come to an end. Ii by bull market is
meant the sky-rocket performance of last
week, then it has come to a very decided end
and most fortunate is it for sound fnaneler-
Ing it has. Unhappily the influence of such
reckless manipulation does not end with the
retirement of the chief manipulators from
the scene. The very fact that these heavy
spectators have Withdrawn means that a
horde of minor SPECTATORS are left stranded.
still holding their blocks of long stock Such
holdings are menace to any upward move
ment Not only do they crowd with stop
orders the market for these particular stocks.
but they restrict speculative margins on ali
other active stocks; SO that break in New
England or Chicago Gas is reasonably sure to
bring on the market heavy sales of eyery-
thing else. No extended advance is prob
able until this element has been shaken ont
and the bull leaders understand this as thor
oughly as the bears.
Total Sales Of Stocks
today were 37l.597 shares including: