St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-04

256,519 shares. including: Atchison, 49,
no; Delaware, Lackawanna d Western,
1880; Lake Shore, 1926: Missouri
Pacific, 100; Northwestern, 10000:
Reading, 45,S00; st. Paul, 6.426; Union
Pacific, 21,950 The stock market to-day
was strong at the opening, and the close
was weak and most stocks are lower this
evening, though important changes in
quotations are few in number. The
covering of shorts was still in progress
at the opening this morning, and first
prices were generally from q to Is per
cent higher than last evenings figures,
and few shares made further advances
OF small fractions in the early trading.
There was great activity, which, how
ever, was confined to about half dozen
stocks, in which all the interest centers
at present-Atchis0n. Reading, North
western, Chicago Gas, Union Pacific,
LacYawanna and New England. The
market, however, soon showed its mar
traders who lately shifted to the long
side began. prices gave way, and when
the early demand had been satisfied,
the bears again came in and hammered
some of the list down rapidly. The coal
stocks were the first point of attack,
and LackaWanna was let Off point.
though Reading was very we'll held.
The expectation that the tolls would be
reduced at to-day's meeting, which was
announced later in the day, was the
principal influence by which the stock
was weakened. After the first raid.
dizziness settled down upon the market
and prices were moved back and forth
within very narrow limits, though the
the general list still continued,
but in the afternoon the issue of the
Burlington statement for February,
with its decrease of $4,000 in the net
earnings, notwithstanding an increased
gross, created very unfavOrable inn
preston, and it was the signal for an
attack upon the grangers, and Burling
ton was soon knocked off ~, Union
Pacific 19s, and Rock Island per cent.
Chicago Gas, which had touched so and
met some stop orders, then joined the
procession, and it also dropped point.
The movement spread to the general
the day were reached. Dizziness again
became the leading feature. but strong
buying of Missouri Pacific, by house
said to be for inside account, shot that
stock up over point and half
toward the close of business,
and the whole market SYM
pathiZed in the movement, Burlington
and Lackawanna being especially
strong. The market finally closed quiet
but firm to strong at something better
than the lowest prices. The great ma
jority of the active list are lower to-
night, but the only important losses
were Colorado Coal 211s and Union Pa
cific per cent. while Missouri Pacific,
which closed at the highest price for a
week, rose 15s per cent. Railroad bonds
were quiet, the sales of all issues ag-
gregating S1,350.0O0, but outside of the
registered West Shore tours, which con-
tributed $4,000 to the total, there was
little special animation in the market.
Prices were generally steady, and the
changes in all but a few issues are en-
tirely insignificant. The important adj
yances comprise Burlington, Cedar
Rapids & Northern tirsts, 2 per cent. to
so; st. Louis reefs, 2 to 81: and the Great
Western first receipts, 2 to 81. Gov
eminent bonds have been dull but firm.
State bonds have been entirely neglected.