St. Paul daily globe., 1889-01-08

against the coal stocks and Reading in par
ticular because of the continued warm
weather. The grangers and southWesternss
were very well held ami st. Paul-was one OF
the strong features of the day, the foreign
purchases being more marked in that stock
than in anything else on the list. The an,
nouncement that the Missouri Pacific nad
ordered a reduction of salaries OF lO per
cent affecting all those receiving over S1OO
per month was followed by renewed buying
of that stock with the rest of the roads IN
that region. The report that an effort would
be made 10 utilize the clearing house scheme
was also factor in the strength displayed
by those shares. Late in the day favor
able reports from Washington were used
with marked effect in Union Pacific.
The bear attack upon Reading was made III
the forenoon. and the stock reacheo lts low
est figures at about noon but there was very
good buylng noticed in 1t at the low prlces,
and some large blocks chan ged hands at that
time. The other active shares developed no
animation or fear. Among the inactive list
Milwaukee, Lake Shore and Western pre-.
ferred. made sudden squirt and moved up
nearly per cent after opening off 1c. This
was on the report that there would be 2l2
per cent dividend tomorrow, accompanying
very favorable statement OF the years busi-
ness. New York and Perry Coal, which has
so long lain dormant, was brought forward
to-day and made more active than usual,
while it advanced abouta point. The open
ing figures were generally from ls to ss per
and these gains were supplemented by
further fractional advances in the early
trading under the lead of Missouri Pacific
and Perry Coal. The coalers, however, dis
played considerable weakness, and Lacka-
wanna ran off per cent from its best figure,
followed by the rest of the list. The decline
eliminated at noon and prices after that
time showed an advancing tendency al
though there was very little progress made
uutil we'll into the afternoon when Union
Pacific, st. Paul, Reading and some of the
specialties, developed strength and the early
losses generally were recovered. Intense
dullness and stagnation became the features
toward the end of the session and the market
closed duh and steady at irregular changes
of small fractions from the opening prices.
The final declines were few and unimport-
ant, but among those which are higher this
evening, Omaha preferred rose 1as. st. Paul
Ia, Missouri Pacific lis, Milwaukee, Lake
Shore & Western preferred 512, and
Perry Coal ia: Railroad bonds were were
and the sales of all issues reached 1922
OOO of which the Reading 1st incomes fur
nished S27O.UOO, though there was no special
animation developed anywhere else in the
list There was general strong tone through
out the day, and the steady appreciation of
values was the marked feature of the deal
ings. The advances were not very heavy
except in a few issues, and of these the most
important was Chesapeake Il Ohio series
certificates 214 10 1914. Government bonds
were dull and steady. state bonds were
quiet and generally firm. The total sales Of
stocks to-day were l69,074 shares, lnclud-
ing:
D. L. & W......12,2 275IN. Pacific pfd.. 4, $50
Erie ........ 1850 Reading III. .598
Mo Pacific $500 Rich. & W. P. 4,875
Northwestern. 4, 365 ISt. Paul. -. 80 $50
N. j. Central. q, 1864 Union Pacific. ,O56