St. Paul daily globe., 1889-03-16

& West Point. 1o.70o: st, Paul, e, 700;
Union Pacific. 1880; Weste.rn Union.
1880. Clearings to-day, $109, ,luv,aa a9i;
balvnces, S5,17O, ,5a9. The stock mar
ket was weaker than it has been for
some time to-day ,and the amountof busi-
ness done will compare favOrahlyy
with any previous day this year. All
the influences at work upon the market
seemed TO be of depressing nature,
though the engagement of over 81 100000
for export was probably the most i'm
pOrtant. There was an uneasy feeling
reported at Paris, and this was reflected
in the London market and here, and
American securities on the other side
were all lower, with considerable sell
ing to liQuidate. The ultimate deStina-
ton of the gold is unknown, but the low
state of the surplus reserve at present
gave rise to apprehenSiOns OF the
future scarcity Of money, espe-
cially If the outgo of gold should
be continued. The squeeze in st.
Paul did not seem to have any further
effect upon the general list, and al
though the stock loaned at 1-16th per
day for use. there was plenty of stock
for sale, and after opening down nearly
point it Sagged off, and tonight is
materially lower. The pressure. to-day
reached all portions of the list, and out
side of the grangers there was more
selling than at any previous time this
year, and the declines On an unusually
large business are heavy and uniform,
and the number of stocks dealt in was
remarkable. There was a renewal of
the reports of rate-cutting in the
West and the alleged execution
of Judge Cooley that trunk lines
were shading GU their export
will, aG off
the general list. All the grangers were
weak but Rock Island, and Burlington
& Quincy reache lower figures than
have heretofore been maintained. and
raid was made on Missouri Pacific in
the afternoon, which made it one of the
weakest stocks Oh the list. Tho other
Gould shares sympathfzed, and Man
haitian especially yielded very readily.
Pullman lead the specialties, and Of
those shares, Memphis d Charleston
was the only one showing any strength,
and that has not been traded in for a
long time. San Francisco preferred
close and dropped rapidly. The
lowest prices were generally reached
after l p. m, but the rally from the low
est points was insignificant, and the
market finally closed fairly active and
heavy to weak, at or near the lowest fig
ures of the day. Everything, without
exception, is lower, and Pullman lost
3. Manhattan 81, eX-dividend of 11a per
cent scrip; Rock Island ~, Missouri
Pacific and Tennessee Coal ~, Bur-
lington & Quincy and st. Paul 139.
AtchisOn II, New England Is, Pacific
Mail per cent, and some of the spe-
cialties larger amounts. Railroad bonds
were quiet, and in some portions of the
list sympathized with the depression in
shares, giving an unsettled tone to the
market, and some marked movements
were made. while most issues were dull.
and almost unchanged. The weakness
in the Kansas IL Texas issues was At
feature, but beyond that the trading
calls for little comment. The sales
reached only s1,124,O0O. The declines
include Kansas & Texas fives at 81;
the sevens, 219 at 9715 and Ohio & Mis-
sissippi ends, 21s at 1873, The advances
were Beech Creek 6rsts, 81 to 911S.
Government bonds have been dull and
steady. State bonds have been entirely
neglected. Petroleum opened steady at
go, and after decline to S911z and an ad-
vance to 943as5, closed steady at S97s.