St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-11
j. j. WATSON, BRO. & HYNDMAN,
So East Fourth Street,
REAL ESTATE AND MORTGAGE INVEST
MEHTS.
FIRE INSURANCE AGENCY.
FINANCIAL
New York.

New YORK, Oct 1O-Clearings, STA, S45.-
$50; balances 81, al, POI. The stock mar
ket was quiet and weak and declining
throughout most of the day, and the result
of the transactions was to leave everything
lower. The market opened this morning
with a conservatively bnllish feeling Oh the
street, and London and commission houses
were both buyers. Boston. however. was
the controlling factor to-day, and advices
from that point reported feeling of uneasi-
ness there and heavy liquidations. and it was
not long that this market was free from the
latter influence. The market, in the fore
noon especially, hinged upon the tone of
Atchison and New England, and the drop in
the former. il was believed, precipitated
more selling of the latter, and
those stocks with which Boston
is specially identified were the weak
points here and carried the entire list with
them. In addition to the selling of these
stocks there were rumors of impending fin
ancial embarrassments in Boston, which aid
ed in producing the feeling of uneasiness
here. Outside of the stocks mentioned there
was very little character of movement in the
list to-day, the fluctuations in most of the
active list being made within range of less
than l per cent though considerable ami
nation was shown in st. Paul and Reading
Among the specialties, however, marked
strength was shown by PHILADELPHIA Gas and
ST. Paul & Duluth was specially weak, drop
ping over four points on the unfavorable re-
port of earnings and a rumor of further
issue of bonds by the company. There was
some improvement in the tone of the
market for Il time during the afternoon by
the announcement of the heavy offerings of
bonds to the treasury, but the bears and
traders who were again ranged on the side of
lower figures renewed the hammering of the
forenoon and again forced prices off as
rule. The opening figures were from Is to "A
per cent above the final prices of last even
ing. but there was little animation in the list
outside of few leading stocks. and the early
improvement was soon wiped out. New
England, AtchlSon and St Paul d Duluth led
the decline, which, however, amounted to
fractions only in the rest of the list. The de-
cline lasted with but slight interruption until
toward p m. when there was an improve
ment all along the line, while the
market subsidized into the most intense
dizziness. More animation was shown in the
last hour, however, and the decline was re-
newed with force and the market finally
closed quiet but weak at close to the lowest
prices of the day. The entire active list is
lower and st. Paul and Duluth lost 4l2 New
England L Is, Atchison 11s, Burlington and
Quincy l L. and Colorado coal one per cent
The railroad bond Office was again quiet with
a large distribution of business. though the
Reading As which contributed S150000 to
the days total of 81, d., 900 was the only
active issue. The tone of the market showed
an improvement over that of yesterday and
the final changes while generally for small
fractions were IN most cases IN the di-
rection of better figures: There was
no special feature. The advances
include Chesapeake and Ohio purchase
money 2 to la, Louisiana & Missouri River
frsts 2s4 to 122, and Hooking Valley 6s to
"a. Government bonds were dull and
steady State bonds were dull, but firm. The
governors of the stock exchange to-day
listed these securities: Mobile & Birming-
ham, S250,00O additional first mortgage
bonds: Utah d Northern railway S54S, 600
additional consolidated mortgage bonds;
p
500, 600 additional extension bonds Ten
nessee Coal & Iron railroad, $4,000 addi-
tional consolidated bonds: Toledo, Ann Ar
Dor & North Michigan railway, 50, 100000
capital stock; Housatcnic railroad, 50 800
600 consolidated mortgage bonds; Denver &
Rio Grande railroad, $3,00O,0oO improve