St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-24
E. r. BARDEN,
GRAIN COMMISSION,
Wheat, Corn. Oats. Barley, Baled Hay,
II Chamber of CoRuerce. st. Paul
FINANCIAL.
New York.

SIG, 7o4. us; balances, Sd, 3s7. 32s. Money
on call easy at 2r3 per cent Last loan
2, closed at 2. Prime mercantile paper,
1I2616. Sterling exchange quiet, but steady
at S4S5 for slxty-day bills and S4.9SlA for
demand. The stock market was only fairly
active but feverish and weak in the fore
noon. and the lowest prices of the week were
generally reached. but it rallied handsomely
later in the day and all the forenoon's losses
were recovered, with something in addition.
The feeling was generally bearlsh this morn
ing and the business done was almost en-
tirely professional, but the market gave
evidences of being heavily oyersold,
of gold for export and the re-
port OF aheavy failure in Boston was made
the occasion of another vigorous raid upon
values: The tone WAS unsettled and feyerish.
New. England and Union Pacific were the
special objects of attack, and the rest OF the
list followed. prices steadily declining until
after noon when the great majority of the
list were selling at the lowest prices seen this
week. At this juncture the northwestern
announced the declaration of the regular
dividends, and that was the signal for a rush
to cover, as well as for more confident buy
ing for the long account. The amount OF
business done underwent marked increase
in all departments of the list and a rise
began which ceased only with the close of
business, the list having toward the close
of business showed a buoyant tone. The
entire list shared in the Improvement but
the Changers Missouri Pacific and the Van
derbilts were most conspicuous for strength.
Other influences gave added impetus to the
advance, and the street was inclined to take
favorable view of the trunk line situation,
as we'll as that on the Southwest, aud the
stocks most directly concerned were the
largest gamers. The opening figures were
somewhat irregular. but were generally
lower than last evenings prices. The mar
keI was quiet. with the activity almost EN-
trely confined to half dozen stocks and
while prices were well held for Il short time,
the bears soon began their operations and
Cotton Oil and the Changers led off. Toward
noon however. New England assumed the
lead, and it dropped about 2i2 per cent, with
the rest of the list following. The decline
was checked soon after noon, when the
Northwest dividends were announced, and
prices rebounded sharply Missouri Pacific,
Lackawailna, New England, Union Pacific
and Northwestern, all being especially con-
spicuous for strength. The market became
somewhat less active toward O'Clock. but
the advance made steady progress and the
market finally closed active and strong at the
best prices Of the day. There are few frac
tional declines this evening, the most i'm
portant being New England, with 7s per
cent, but the great majority Of the list are
higher, and Missouri Pacific, Canada South
ern ana Omaha preferred rose lIsc each.
Northwestern and Michigan Central l per
ce mt each, and the others fractional amounts.
The railroad bond market was quiet to-day,
the sales of all issues reaching 81. 10000;
but Erie seconds were again active and con-
Iibuted S140.eG0, and Reading second in
comes 500, 000 to the total amount. The
market was rather heavy. but the changes in
quotations were irregular. with a majority Of
declines, and beyond the activity i'll the is
sues mentioned the trading was devoid of
special feature. Government bonds were
dull. but firm. State bonds were entirely
neglected The total sales of stocks to-day
were 2G9. $50 shares, including:
D., L. d W. p, 1oolReading -. 80, 200
Erie ........... $500 Rich. & W. p. 1850
Lake Shore 26,900ISt. Paul $3.50. .45. 100
l.. x NJ. -. 6.l00ISt. Paul & o.. 3. 100
No Pacific . 13.700ITexas Pacific 200
Northwestern. 81, 400 Union Pacific. 40, $50
\. p. pfd .....13. l';o West, Union. .2S, LOO
Q0Ol