St. Paul daily globe., 1889-03-07

French copper syndicate gave the bears
the opportunity Of making prices in the
forenoon, and, although most of the list
reached their lowest figures in the last
hour, the largest part of the de-
cline was made in the early trading.
The general dissatisfaction with the
action Of the Manhattan directors in the
matter of the dividend made that stock
the specially weak point and the other
Gould stocks suffered in sympathy. In
marked contrast with those shares, the
although the consolidation with the
Utah d Northern lost the short line all
OF its early improvement. The decision
of the supreme court, which relieves
the Oregon Navigation of all liability
to the Oregonian railroad was made the
occasion of an advance on that stock,
and it stands alone this evening,
showing a material gain for the
day. Late in the day there
was determined drive at
Reading, but the result of the raid was
entirely Insignificant and the other coal
stocks were quiet and well held. The
grangers. especially in the forenoon,
showed unusual strength, with st. Paul
mentS as usual of late were confined to
the specialties. Colorado Coal became
very weak toward the close, while Ten
nessee Coal was strong all the way out,
and the new Chesapeake & Ohio first
preferred again made marked upward
movement. First prices were gener-
ally slightly lower than last nights
figures, but Texas Pacific, Pacific
Mail short line and Manhattan
were conspicuOusly weak, the last
named being down 2 per cent.
The demand for stocks at the opening,
however, was large, and on fair busi-
ness prices advanced, with the Oregon
stocks the special feature, and st. Paul
leading the general list. Manhattan
was very weak, and the other gold
shares reached the rest of the list. and
the early gains were wiped out before
the end of the first hour, when the mar
ket became less active, though smart
rally in Manhattan again placed the
general list above opening figures.
Dizziness was the great feature of the
market after IL O'Clock, and while Ches-
apeake & Ohio first preferred and
Chicago Gas showed marked strength,
the rest of the list gradually
yielded. and Colorado Cole became
the weak feature. Toward delivery
hour there was raid upon the coalers
and especially Reading, but the attack
Hdu LIZ uiOlC CuUCb llldll W hOCp tllC uC-
cline going in the general list and the
market finally closed quiet and heavy
to weak at fractional losses from the
opening prices. Although the great
majorities of the active stocks are lower
this evening, the only marked decline
is 211s per cent in Manhattan, while
Chesapeake & Ohio firsts preferred rose
115 and Oregon Navigation II. Rail
road bonds quiet, the sales of issues
reaching only S1,656,O0O and the
only feature to the trading
was the animation of the Read
ing second incomes, which fur
nished S115,O00 and International Sec
Onds S130,0OO to the days total. The
market showed a general heavy tone
during most of the day, and of the i'm
portant change in quotations, the ma
jority are in the direction of lower
prices. Indianapolis. Decatur & Spring
field firsts lost 2 at 103 and Utah South
ern general Is advanced 80 to 1O915.
Government bonds quiet and steady.
State bonds neglected.