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 Commerce. st. Paul.
FINANCIAL.
New York,

SIG. 7o4. us; balances, Sd, 3s7. 32s Money
ON call easy at 203 per cent Last loan
2, closed at 2. Prime mercantile paper
4le616. Sterling exchange quiet, but steady
at ASS for slXty-day bills and 81. S8la 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 il rallied handsomely
later in the day and all the forenoon'S losses
were recovered, with something in addition.
The feeling was generally bearish this morn
ing and the business done was almost en-
tirely professional, but the market gave
evidences of being heavily oversold,
and while the further orders
of gold for export and the re-
port of heavy failure i'll Boston was made
the occasion of another vigorous raid upon
values: the tone was unsettled and feyerlsh.
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 rush
to cover, as well as for more confident buy
ing for the long account. The amount OF
business done underwent marked increase
i'll all departments of the list and q rise
began which ceased only with the close of
business, the list having toward the close
of business showed a buoFant tone. The
entire list shared i'll 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
a favorable view of the trunk line situation,
as well as that on the Southwest, and the
largest gamers. The opening figures were
somewhat irregular, but were generally
lower than last evenings prices. The mar
Ket was quiet with the activity almost en-
tirely confined TO q half dozen stocks. and
while prices were well held for a 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 2ta per cent. with
the rest of the list following. The decline
was checked soon after noon, when the
Northwest dividends were announced, and
prices rebouuded sharply, Missouri Pacific,
Lackawanna, New England, Union Pacific
and Northwestern, all being especially con-
spfcuous for strength. The market became
somewhat less active toward 2 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 7B per
cent, but the great majority of the list are
higher, and Missouri Pacific, Canada South
crn and Omaha preferred rose lac each.
Northwestern and Michigan Central l per
ce MT each and the others fractional amounts.
lie Tulifostl bouu lHufhct WAS utllet tO-uds.
the sales Of all issues reaching 81, 10000;
but Eric seconds were again active and con-
tributed Sl40,000, and Reading second in
comes 100000 to the total amount. The
market was rather heavy, but the changes in
quotations were irregular. with majority Of
declines, and beyond the activity in 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 2S0.350 shares, including:
D., L. &W 81, 100 Reading. 49,. 80, 200
Erie ... $500 Rich. q w. 2. 1860
Lake Shore % 900ISt Paul ..45, 100
j.. d N..... 6,10GISt Paul d o.. 3, 100
Mo- Pacific. 13.700ITexas Pacific. z, 100
Northwestern 81, 400 Union Pacific AZ $50
n P. pfd ....13. 100 West, Union. 2S, 4Uo
oregon Trans IL ,9O0i