St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-20

ling exchange duh. but steady TO firm at
Sl.S4 for siXty-day bills and "a 80 for de
mand. The transactions i'll the stock market
to-day were larger than for many days and
were attended 10y considerable excitement
especially in the afternoon. when prices gave
way and rapidly declined i'll most of the ac-
tive shares. The feeling in the forenoon
was almost entirely bullish though the trad
ers were selling even at that time, but
he 4 LUN NJ was coed ard there seemed TO
b. Il wider interest in the speculation. Later,
il viewer, Atchison declined rapidly, ana
dive was made at the Gould stocks. and Mis-
iuri Pacific in particular. while the news of
the 81 600. QUO failure in Chicago came in TO
unsettle confidence, and the bears were not
slow to lake advantage of favorable COM
bination. stop orders were reached all over
the active list and prices declined rapidly
carrying even the strong stocks OF the fore
noon with them, and at The close almost all
the early gains had been wiped out. Union
Pacific was again the great feature OF the
market, and during the forenoon was very
strong on a still larger business than has
been seen on previous day. The buying,
which has been so persistent IN the stock, is
still q mystery to the street. and 10 day
many influential men we're mentioned as the
probable purchasers, while the friends of the
stock were prophesying an early dividend on
the stock. The Northern Pacific group next
doomed up into prominence, and the North
ern Pacific preferred and Oregon Transcon-
tinental both made handsome gains. A sud
uen anu TdulCdi CndISe Cdnle over tut lcnI-
per of the 81 eculaticn, however, and Atchi-
son and Missouri Pacific led, while all the
Boston favOrites were especially weak. Nor
folk and Western preferred were also quite
weak on a light business and the strong
stocks all Joined the procession, ana before
the close Union Paciic had been depressed
nearly per cent below the closing price of
last evening. First prices were from rs 10 "
per cent. above last nights figures,
and under the lead of Union Pacific the
rl-af ropillzr advanced the gains th9
leaders extending to LIZ per cent The ad-
valce eliminated toward nnon- and after
that time there was a slow decline in the gen
eral list while Missouri Pacific, richmond d
West Point preferred and Rock Island lost
heavily. AtchisOn made another dip, and
the whole market soon became demoralized.
and in The last hour Union Pacific became
feature in the decline. The market showed
no change. and the close was active and
weak at the lowest prices of the day. The
active list is almost invariably lower. aud
Atchison lost 434. Missouri Pacific 27s, Nor
folk d Western preferred 19I, Chicago, Bur
lington d Quincy IA, Oregon Short Line
l per cent, and others fractional
amounts. The railroad bond mar
ket was quiet, though the Reading
issues were again prominent for activity.
The sales of all issues reached 81, 151.UOO.
and TO that amount Reading IS furnished
SII5. coo and The IS $50, coo. The market
followed the share list very closely. being
firm in the forenoon. but it weakened later
ana declines are in a majority this evening.
Important changes in quotations. however,
are few in number The losses include Gulf,
Colorado & Santa Fe IS, Dip at 80, and Iron
Mountain SIS. 2 at S7I2. Government
bonds were dull, but steady TO firm. State
bonds were dull and steady. The sales Of
the day aggregated 800. 702 shares, includ-
ing:
d. L. & W ..... 5,5O0lOre. Trans. 1T, 200
Lake Shore III, SO Reading. .......1l,3 $50
Missouri Pac 20, III Rich. d ". P. ..25, 26S
Northwestern. 6,S5OlSt. Paul.. ...17,560
n. P pfd. ......44, 733 Union Pac.. 131 40
New England. Is, 460lWestern Union $50