St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-08

was again active, and during the entire day,
except the first half hour, il was strong, leav-
ing prices again materially higher than last
evenings figures. The bears renewed their
attack of yesterday this morning and sue
ceeded in making considerable impression
upon Il few stocks, though the movement
was of short duration. There was very little
animation in the list outside of the stocks at
tackled by the bears until the pressure was
removed the efforts to get prices down being
concentrated upon four stocks: st. Paul,
LackaWanna Western Union and Readang.
The heaviest drive was made at Lackawanna,
and outside of that stock the result of the
effort was fractional only, while the short
interest was again increased. After the ter
mination of the RAID, the general list became
more active and new fayorites came TO Inc
'front.' while more decidedly strong tone
was developed than has been for the past few
days. the Willard stocks, Norfolk u West
ern preferred, Tennessee Coal and the Gould
shares, in turn, turning the advance. Inc
movement i'll Tennessee Coal was the most
pronounced feature of the day, and with the
announcement that the preferred stock had
been all taken up there was good movement.
Norfolk Il Western preferred also moved up
rapidly under the expectation that some
thing will soon be done in the East Iennes-
see matter which will result to the advantage
of the company. The greatest interest in the
transactions of the day, however, was IN
Lackawanna and st. Paul. and though the
feeling on the latter has been very bearish
Tor some time, the stock was taken freely to-
day and closed with a handsome advance
over It's last evenings price. Lackawanna
was more sluggish in the rise, though 1t re-
covered all of its loss, which was greatest of
all In the early dealings. Under the pressure
eXerted the first sales were from 1B to IS per
cent lower than last nights figures, and in
the early trading those losses were further
increased from Ia to "a per cent. The mar
ket. however, quickly recovered its tone, and
although there was very little anma-
ton outside of the four leading stocks
the declines were recovered before the end
of the first hour. The market continued
quiet until the afternoon, while strong tone
prevailed from that time until the close of
business. Texas Pacific Norfolk IL Western
preferred and Tennessee Coal in turn led the
advance, and the general list became more
active throughout, while the leaders of the
forenoon receded TO Il secondary position in
the market. The close was fairly active and
strong at the highest prices of the day,
though there was a slight reaction in the
last few minutes. The active list is almost
invariably higher this evening, though the
gains are generally for fractional amounts.
Tennessee Coal, however. rose "a, Norfolk
Western preferred rs, Northern Pacific
preferred lis and Texas Pacific IA per
cent. The railroad bond market failed
to respond to the strength displayed
in the share list, and the movements
were irregular, and in but few instances for
more than fractional amounts for the day.
There was Il moderately active business in
everything except the Texas Pacific second
incomes, which on the tiatterlng prospects OF
the road and talk of the payment of the IN
terest upon them became very active, and
contributed S373,0GO to the days total of
S1,5Sl, 900. No other feature marked the
dealings, however, and the final changes
were generally for small fractions. The i'm
portant advances include st. Paul. Mineral
Point fives, 2 to lO2, and Northern Pacific
thirds, 2 to 100. Government bonds quiet
and steady to firm. State bonds entirely
neglected. The total sales of stocks to-day
were 272. 0SS shares, including
d., L.. Il W 81, $40 Oregon Trans. Is, $50
Erie. $50. 80. 1850 Reading 29,9C5
Lake Shore 80. $3.50 Rich Il w. p. $50
Missouri Pacific 7,350lSt. Paul ....... 80 0S5
Northwestern. 7,O35l Texas Pacinc Ia, 365
n. j. Central :. 1920 Union Pacific. 1900
n. x W. pfd.. z, 500 Western Union IL, 500
N. P. pfd. 10, loo