St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-04

were S102, 427 ,2a2; balances, $3.50, 1927.
Money on call easy at 202la per cent; last
loan Dig, closed offered at 2Is. Prime mer-
camille paper, 5@7; sterling exchange dull
and weak at SASSY for sixty day bills and
81. 1914 for demand. The stock market was
very dull to-day except in few tOcks, and
prices had dropping tendency throughout
most of the day. The entire interest in the
trading was centered in Reading, Lacka-
wanna, Delaware & Hudson, st. Paul, and
Louisville d Nashville. Another determined
raid was made by the bears. but with slight
effect except in Louisville and Nashville,
Laekawanna and Delaware & Hudson, and
each of these made material recoveries from
the lowest prices reached. The general feel
ing on the street is conservatively bullish,
and the evidences that the railroad business
of the country will exceed for the present
year that of last year makes 1t difficult TO
purchase any large block of securities while
the heavy borrowing demand for the past
few days indicates considerable increase in
the outstanding short interest. and this is
especially noticeable In Lake Shore
and st. Paul. The most prominent
feature early in the day was the heavy selling
of st. Paul, yet the price of the stock fuctu-
ated within a range of only IL per cent for
the entire day, and displayed most stub
born strength under the circumstances. The
attack was made afterwards upon the coalerS.
accompanied by rumors of further trouble
in the mining regions but Reading held up
as st. Paul had done, though more impress
sion was made ON Lackawanna and Delaware
Il Hudson. The day was finished by a fierce
drive against Louisville L. Nashville which
when the pressure was removed reacted with
| the remainder. Among the inactive stocks
Atchison advanced sharply on a small bust
ness, but the rest were featureleSS through
out. At the opening the market was dull
and weak, but some Improvement was made
in quotations i'll the first hour, though the
advances were measured by insignificant
fractions. The usual extreme dizziness en-
sued and prices again sagged off slowly until
well into the afternoon, when the coal stocks
showed decided weakness and more ANNA
ton marked the trading. The decline was
checked before the last hour. however,
and small reactions took place, leav-
ing the market at the close dull but firm, at
something better than the lowest prices of
the day. Almost everything is lower tonight,
but declines i'll no case exceed fractions,
Louisville and Nashville losing 7Sc. Omaha
Sac, and the rest smaller fractions. The rail
road bond market was comparatively dull;
sales S973,O0 Prices were generally firm.
Chesapeake and Ohio skies rose 2 to 100; &C.
G. & |. consolS. 4 to 10y; Missouri Pacific
thirds, to lis; Toledo. Ann Arbor and
Grand Trunk firsts, ) to l03; Wabash, De-
troit seconds, 2 TO 81. Government bonds
were dull and firm. State bonds were dull and
steady. The total sales of stocks to-day were
Isl, $50 shares, including:
Del, Lack. &W -. 6t OF Northwestern. II. 100
Erie =. ....... 14.71OI Reading ...... Al 600
Lake Shore. E. 6.93OlSt. Paul. ...... IS, 99J
Louisville & 1890 Union Pacific. $50
Missouri Pac.. 5,O37iNest'n Union. $50