St. Paul daily globe., 1889-02-05

nounced. The traders were also at work
to bring about reaction, although the
general temper of the room was still bullish.
The news of the day, however, was not of an
encouraging nature, and the selling of the
grangers and the coal stocks was helped
along by the recent decision of Judge
Brewer which was looked upon as likely to
delay, il not impede, the formation OF the
interstate association, and the attention OF
the street was drawn more to the immediate
and probable future effects of the accumu-
lation Of coal. both at tide-water points and
those OF the interior to which 1t had been
shipped. Under these conditions the
grangers and coalers were the leaders of the
decline which ensued, although outside Of
Burlington. Rock Island d San Francisco
preferred there was no great impression
made upon them. The principal effect OF
the the ses Ses eack Of the in list ebeR
for the time being the buying which has been
SO marked feature of the late dealings, and
the fluctuations were made over an exceed
lngly narrow range, with insignificant
The Vanderbilts, however, were still in great
demand, especially Canada Southern, Michi-
gan Central, Cleveland, Cincinnati, Columbus
4 Indianapolis, which were joined by the
Big Four, and all of them made marked ad-
vances, forming the one strong spot i'll the
market. Pullman was quite weak, and lost
more Of its late advance. Several of the
specialties were still prominent for activity
and strength, such as Denver d Rio Grande,
Western, Denver, Texas & Fort Worth and
Mobile 4 Ohio. First prices were generally
slightly higher, but quite irregular and the
market remained fairly steady. for a
short time. but soon developed weak
prices yielded all over the list
VIII lie the fluctuations were confined gener-
ally to the smallest fractions. Big Four was
prominent for strength, as were also the Van-
derDilts, but the grangers were weak and :.
Rnr autn TnprQ
was a slight rally toward noon, but the mar
ket became quiet. and during the afternoon
at times positively dull. while the general
list continued to yield slowly with no marked
movement anywhere in the list except those
in Pullman and the Vanderbilts. more
pronounced upward movement occurred in
the last hour, and the market closed quiet
but comparatively firm at something better
than the lowest figures. With the exception
OF decline in Burlington of "a and one in
Pullman of Y per cent the final changes
are for small fractions only, though c.. c.,
G.. & l. rose 2ls, Michigan Central 1Ss, Can
ada Southern lie and Big Four l per cent.
The sluggish tone of the stock market ex-
tended to limited extent to the trading i'll
railroad bonds and the market to-day was
less active, the sales reaching only S2,S07,-
900 and the tone was not so strong as usual
of late; and several of the leading ISSUES,
among which Readings were most prominent,
received setback. Most of the list. how
ever. still continued on the upward march,
and the final changes show large majority
of marked advances. Chesapeake u ohio 4s
Among the gains Chicago, Santa Fe & Ca j.
fornia lists rose Dig to 100; Milwaukee IL Mad
ison lists, 4 to III; Iowa Central lists, 2
to S3; South Carolina 2ds, 3l2 to
So; Toledo. St. Louis u kansas
City lists to 81, and Green Bay incomes
2 to 22. The losses include Kansas and
Texas SKIES 4 at 54; the 5s 2l2 at 54ls and
Virginia Midland 5s. at 81. Government
bonds have been dull and steady. The TO-
ipcJudinp-