St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-23

offered at2. Prime mercantile paper $40
2. sterling exchange dull but steady at 81 81
for siXty-day bills and S4S73. for demand.
The stock market to-day was active, though
the principal interest in the speculation was
centered in three stocks. which contributed
about one-half the entire business done.
The general drift of prices was downward,
though with few exceptions the huctua-
lions We're for fractions only, and the final
changes are for insignificant amounts. MIS-
souri, Pacific. although not the most active
stock on the list, was the leader Of the mar
ket and again was very weak. The inter
view with Gould published this morning had
temporary rec assuring effect upon the list
but the bears aided by the trading, element
made sudden attack upon the stocks OF the
southwestern system and they yielded read
lily, carrying the rest of the list with them,
though To limited extent only. The deal
lngs in Missouri Pacific were attended by
considerable excitement, and as several stop
orders were reached OH the way down the
break extended to nearly four points before
halt was called, and il was suspected that
some OF the insiders were unloading. San
Francisco second preferred lost per cent,
Pullman like amount and the movement
extended 10 the grangers although on none
of them did the loss exceed liz. The price OF
Union Pacific was well held on the prospects
OF dividend and the well known good tlnan-
clal condition of the property, and although
the stock was extremely active its extreme
1u0tuation was but little over point. The
strong point in the list was the Richmond
and West Point stocks and the preferred rose
over 3 per cent on the recently obtained con-
troll Of the Georgia Central Atkinson was
sold off in the early morning, and this started
the selling in Missouri Pacific New Eng
lana also suffered somewhat but the stock
at no time was prominent IN the market.
East Tennessee first preferred also made
squirt in the last hour when the greater por-
ton of the advance was made in Richmond
and West Point The firm feeling at the
opening made first prices from "a TO ss
per cent higher than the final figures
Of Saturday and further slight advances
were established in the early trading; but
the bears soon began their attack. and while
the Richmond and West Point stocks were
strong, Missouri Pacific began to yield, and
the rest of the list sympathized. After the
hrSf hour there was more animation and the
weakness became more decided. San Fran
cisco, Pullman, Burlington and Rock Island
all showed special weakness. There was
rally afternoon, but the decline was soon re-
newed, and the lowest prices of the day gen.
orally were reached toward p. m. The
strength in the terminal stocks caused some
reaction in the last hour, but the market
closed weak at close to the lowest fig
ures. The final changes are almost
and although Richmond and West
Point rose per cent and the preferred 2l2;
missouri Pacific and Pullman are down
per cent each, Northwestern II, and Bur-
ullSlOu ana ROCK 1SlanQ l. per cent eacn.
The railroad market was dull to-day, though
the sale sales of all issues reached 81 ,147,-
600, but there was no animation anywhere
in the list and very little feature of any kind.
There was steady to firm tone throughout,
though the final changes are irregular,
though they are generally for small fractions
only. The important ad~ances are Brooklyn
firsts, TO Jos; Knoxville d Ohio tirsts, lis
TO l03; Milwaukee, Lake Shore d Western
hrsts / to 1872; North Missouri frsts, l 4
to 116s4. and Green Bay incomes. TO 80. The
losses included Burlington, Cedar Rapids
d Northern firsts, 2 TO 80, and Erie funded
coupons. 2 to 80. Government bonds were
dull but firm. State bonds were dull ana
steady. The total sales of stocks to-day
were 81, 1894 shares, including
Or. Transcl... S,220lReading ....15, $50
D. L. d W ..... $500 Rich. d W. P. SO, los
Lake Shore -. 500 st. Paul.. ...15, $50
Missouri Pac. 81, 735 Union Pacific. So. $40
Northwestern. Ii, 955 Western Union1 ], 81
n. P. pfd:.....12, $50