St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-19

professional dealings there was lit
tie or nothing doing, the Lead
ing operators also again holding aiool.
The traders were taking profits snd taking
seryatiyely bearfsh throughout the day;
Further engagements of gold for export and
the evident hardening of the rates for
money. which were run up to 6 per cent dur
ing me DAY, encouraged the bears to put out
further lines of shorts and the traders took
flyer on the short side. The special point
of attack was Rock Island. and there was
renewal of the talk about reduction of the
rate OF dividend, while the support OF yes
terday was lacking. although thee was at
times quite large crowd dealing in the
stock. The attack upon Rock Island turned
attention TO the other grangers, and they
were all weak in sympathy. though st. Paul
was affected by the reduction OF S56, 600
was very Disappointing, no explana
ton except the one of low rates being
given. In the forenoon Missouri Pacific,
and IN the afternoon New England were
among the weak spots, while neither did
more than very moderate business. Inc
reported difference among the Richmond q
West Point directors weakened the preferred
stock materially and it dropped / " per cent.
with but slight reaction. The other. shares
were all dull and generally featureless- al
though the number of the usually inactive
stocks traded in was very large. The en-
gagement of gold was afterward counter
manded but 1t was too late to have any ef-
feet upon the course of prices. The market
opened tame and without material change
Weakness appeared Immediately while the
trading was confined 10 three or four stocks
on very moderate business throughout.
Richmond d West Point preferred were the
Leading weak spots, and although
sharp recovery took place in the first
hour when the best prices of the day were
established, the downward movement was
soon resumed and became more pronounced
as the morning wore along. Lackawanna,
Missouri Pacific and New England led the
decline, but gave way TO ST. Paul in the aft
ernoon. The market gradually became more
circumscribed, and positive dizziness became
the leading feature. though the decline made
steady progress unIil the last hall hour, when
all motion disappeared from the list and the
market closed very dull and fairly steady at
or close to the lowest pricesr of the day. The
active list, almost without exception, is
lower this evening. and Rock Island lost 2ss
per cent. st. Paul l IA per cent. Missouri Pa
cific lis per cent, Manitoba and Burlington
Quincy per cent, and the others frac
uonal amounts. Railroad bonds were more
active to-day, although the general list
showed little If any improvement over the
very limited business of the past two or
three weeks. Reading second incomes was
exceptionally active, contributing 1918, 900
out of the total days business of 81 ,093,-
600. The only other marked feature was
the strength i'll the san Antonio and Arkan-
saS pass ISIS, Wnlcn advanced per cent 10
80 on very moderate trading but the list
was firm TO strong almost the entire day
through. and was in marked contrast to the
weakness of the share list The advances of
Importance include Mobile d Ohio new As,
to 40. and Chattanooga lists, 3l2 to 1882.
Government bonds were dull and steady TO
firm. State bonds were dull and steady.
Sales of stocks today were 205,699 shares,
including:
Del, Lac. G. W. "a O34 Rich. & W. p. 5000
Lake Shore -. 1900 St Paul 49, 40, 400
Mo. Pacific. $500 Union Pacific. GAPS
Northwestern. II $50 West. Union. 1868
Reading ........4lOO0