St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-13
E. r. BARDEN,
GRAIN COMMISSION.
Wheat, Corn. Oats, Barley, Baled Hay.
Il Chamber of Commerce, st. Paul.
80 E1NAN<IgAI
FINANCIAL
New York.


cali easy at I11502 per cent; last loan 2,
closed offering at 2. Prime mercantile.
paper, 496; sterling exchange dull, but
steady at s4.S6 for siXty-day bills
and s4.sS14 for demand The bears had
another inning in the stock market
to-day and everything yielded to the
pressure brought against the. list
although the only marked declines were
in the granger stocks, which are still
the most vulnerable spot in the list.
Although the bears were somewhat dis
appointed at the poor success in bring
ing Que long stock by their raid of yes
terday the effort was renewed this
morning, and more material results
attended their efforts. Burlington d
Quincy was the special object, of
attack, as usual. and considera-
Die aid was received from heavy
sales by both Boston and Chi
cage, although while the sales of the
flrSt-named center were to large de-
gree long stock. those of the latter were
almost entirely short sales. The adj
vices from the West encouraged the
operations for the short side, the re-
ports stating that the Interstate asso-
citation. had gone to pieces and that no
more signatures would be obtained for
were soon affected by the persistent
selling of Burlington, in which the
dealings were accompanied by conSid
cradle excitement, and one after an
other sagged off. the movement in
Northwestern being the most marked.
There was sudden drive made against
Pullman, Notwithstanding the an
nOuncement that there would be an is
sue of $5,000,000 to pay for the Union
palace car purchase, and the stock broke
over 6 points. and never fully recovered
the loss. Union Pacific, on the de-
NAL that there would be any div
ideud and the reports that there was
little likelihood of any action upon the
funding bill, suffered a relapse, and
other stocks which have been specially
strong of late followed. The attacks
upon the list lasted almost until de-
livery hour, when they ceased, and with
the steady buying for the long account
and the heavy covering of shorts put
out earlier in the day there was a sharp
rally and most of the list again approx
mated the opening figures. London
prices were almost all higher this morn
ing, and while our market did not re-
spond to the improvement it was fairly
steady to firm; but the renewal of the
bnlliSh feeling, and while the stock sold
off rapidly the rest became quite heavy.
with very little movement until the end
OF the first hour. when the market made
its drop. Northwestern became thew
feature after noon and was fOllOWedby
Union Pacific and the inactive shares,
among which there were some sharp
losses, Illinois Central losing 2]S, and
others smaller amounts. The lowest,
prices We're generally made toward 2 D..
H.. when the pressure seemed to be re-
moved. and everything climbed up the
last hour. although there was not time
enough left to fully recover the losses,
and though the market closed active
and strong, it was generally at fractions
below last evenings figures. Cotton
Oil became marked feature toward the
close, and sold up above any plice for
merly attained, reaching SO. San Fran
cisco preferred sold at CTS in the fore
noon, and is the only stock showing a
marked gain, being rs, while among
those which are lower, Illinois Central
lost 80, Burlington 235 and Pullman
15s. Railroad bonds continue to show
decreasing volume of business at the
only 81, 7O6, 900. the smallest days trad
ing for some time. Chesapeake d Ohio
currency certificates were a feature, and
developed considerable weakness, de-
Ginning 10 to 1925 on sales of $1S2.0O0.
Hooking Valley IS were quite strong,
and advanced fraction OIL a business
of $4,000. The rest of the business
was very we'll distributed, and while
the tone of the market in sympathy
with the share list was somewhat heavy,
especially in the forenoon. there was
change for the better toward the close,
and most important changes in quota
tons this evening are in the direction
of higher futures. Big Four Is rose ~
to so; Kansas & Texas Is lost 2 at 80.
Government bonds have been dull but
firm. State bonds have been dull and
steady. The total sales of stocks to-day
were $780, shares. including Atchison,
4.605; Canada Southern, 6,750; Della
ware, Lackawanna d Western, 1880;
Erie, $500; Lake Shore, 4,270; Missouri
Pacific, 1850; Northwestern, 32,s6S:
Northern Pacific preferred, 1910; Ore
gOn 1ranscontinental, $3.50: Peoria,
Decatur IL Evansville, OSLO; Reading,
1860; Richmond & West Point, 10.035;
st. Paul, 36,32l; Union Pacific, SO, ITO;
Western Union. 1900.