St. Paul daily globe., 1889-10-29

tinued weakness in sugar, weakened the rest
of the list, and toward the close the down.
ward movement became more pronounced.
The opening Of the market was active and
irregular, but the first tendency Of prices
was downward, especially in the coal stocks,
and, though the movement was arrested Tor
a while, sugar Joined the downward move
ment, and the entre list, while growing duil:
was feverish and weak. The Vanderbllts and
Gould stocks were the strong features, with
Denver, Texas & Fort Worth, but after IL
o'clock even these stocks gave way and IN
most cases the improvement was lost in the
forenoon, while Denver, Texas Fort Worth
became the leading weak point. The others
yielded slowly but steadily, ana the marker
finally closed quiet and weak at about the
lowest prices of the day. The general list IS
iowsr with few unimportant exceptions,
end sugar is down 2is; Denver, Texas d
Fort Worth. l4s, Lackawanna; IL Ia,
and Chesapeake d Ohio second pre-
St Paul per cent each. Railroad
bonds were again moderately active ana IN
general showed firm front especially In the
forenoon, but later the LIST weakened IN SYM
paihy with stocks and many declines were
established. The conspicuous weak 1ea-
ture as the Kansas q Texas issues on the
less favorable aspect of the reorganization
scheme. and all three issues are down l per
cent. The sales reached 81 ,494. .oW out OF
which the Texas Pacific seconds contrlDuted
S2Os, 90, the Kansas d Texas S103, 200. and
the Fort Worth Il Denver hrsts SlO2,OOO
The Posts financial article says: Notwith-
standing the unsatisfactory character OF the
bank state ment OH Saturday, which showed
that IL the banks had not been steadily con-
uacting their loans there would have
shown deficit below the standard % per
cent reserve. The stock market opened with
considerable strength, the first prices OF
majority of stocks being A@S4 above sat
urdav's closing. The early Lon
don prices. before the opening OF
the market were generally ls@ Ss
higher than the close on Saturday and this
helped to encourage the buying OF Lake
ShSre and Michigan Central, which were
both unusually active. The untayoraoie
statement of the Reading for September,
showing decrease Of S1O,OtO in the net
earnings for the month, and decrease OF
S.OT.0sh for the ten months to Sept. 80,
with the certainty that this loss will be
largely increased when the earnings Of the
Reading Coal and Iron company are re-
ported, had depressing effect on all the
coal stocks. and i'll fact the whole market,
and before l O'Clock LIrkawanna was down
to l424. though Reading itself was pretty
we'll supported. In the afternoon the
whole market was heavy. notWlth-
standing the lower rate for money
uneasy feeling about the futare of the money
market which had something to do with the
heav ness of the stock. Governments dull
and steady. State bonds entirely neglected.
The total sales of stoc6s to-day were lS9. .O62
shares, including: Atchison, 9,1l0; Della
ware, Lackawana IL Western, 19,9oOi Den
yer. Texas d Fort Worth. 1888; Erie.
$500: Lake Shore, ll,G3S: Louisville d
Nashville, 5,32): Michigan Central, 5,444; ;
Missouri Pacific. 9O75; Northwestern. J, 80;
Northern Pacific pfd, 3,S23; Reading, To-
Ion: st. Paul, IL ia Union Pacific, 1880.