St. Paul daily globe., 1889-01-09

revenue would be assured to the roads there
was a marked indisposition TO enter into
new ventures pending the final settlement
of the question. Nothing definite was ac-
complished, however, and affairs remain
in the same undecided condition, The
dealings as CONSEQUENCE were even more
of q professional character than for the past
few days. and such interest as was infused
into the market from the operations of the
trading element was confined almost en-
tIrely to the coal stocks, Union Pacific and
England. Bear attacks were made upon
Reading because OF the non-payment OF the
full interest upon the third preference IN
comes but the stock while active from this
than any of the usually active
stocks as conservative people are
inclined to look at the action as favorable
Lackawanna, and that stock, upon very
moderate trade, yielded nearly point.
Union Pacific was quite strong III the early
morning upon purchases by the foreign ele-
ment, but toward the close the stock devel-
oped marked weakness upon the unfavOrabie
advices from Washington. 1t was reported
that President Bostwick, of the New England,
had been advised by his physicians to give up
the cares of office and business, and that
stock yielded materially throughout tue day,
and closed point lower. Omaha preferred
suddenly slumped off toward the end of the
session, and it shows the largest decline for
the day. The rest of the list were utterly stag
nant all the way out. and call for no COM
ment. First prices were generally from
1a to SS per cent below last nights figures,
and while New England developed marked
weakness in the early trading the rest of the
list remained stagnant, and only Reading
showed any animation whatever. Lackawan-
na followed with q fractional decline, but
until well into the afternoon the market was
still devoid of feature, when Chesapeake ~
Ohio common stock rose point on small
transactions. Union Pacific later became
weak. and then general list then sympathis ed,
bringing prices in most stocks down to the
lowest prices in the last hour, although, ex
cept for a few, these were but slightly
changed from the opening figures. The close
was dull and fairly STEADY. Almost the entire
list is lower, and Omaha preferred
lost 1le, New England, Union Pa
cific and Omaha common l per cent
each and the others fractional amounts. The
dealing in railroad bonds was IN marked
contrast to those in shares to-day, the market
being both active and strong throughout. and
While the final advances are not marked they
are general and uniform. The effect of the
January disbursements is only just beginning
to be felt. and brokers report large inquiry
for bonds of the investment kind, and this is
reflected also III the prices of the speculative
variety for the time being. The only weak
spot in the list were the Gulf Colorado IL
Santa Fe skies because of the uneasiness
among holders, as the bonds while valid
obligation OF the Atchison are not guaran-
teed and are lien only upon thatspart of
the road which has not earned the div
idend upon the Atchison stock given in ex
change. The sales reached 81, ,Sl6.0O0, and
the only active feature was the Richmond Il
Alleghany lists, Sl51 900 of which changed
hands. The Important gains comprise Nor
ris 4 Essex lists, 2 to 146. The declines i'll
clude Gulf, Colorado d Santa Fe 6s 2l2. at
7Sl2. Government and state bonds were
dull and steady. The total sales of stock to-
day were 14l.5 .5Ol shares, including Della
ware. Lackawanna q Western. Il, 265 ; Erie,
1870; st. Paul, 16,01O; Union Pacific.