St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-14

$4,000 shares, including: D., L. &
Western, 10000; l.. & N, $500; North
western, 1900: Missouri Pacific, 5000;
Northern Pacific preferred, 4, 100; Read
ing, 80, 400; st. Paul. $4,000: Union
Pacific, CISCO: Western Union. $500.
Clearings to-day were 1850, 1877; bal
auces, s4,532,s7O. The stock market
the greater portion of the time,
orally fractionally lower than
those of last evening. Notwithstanding
the longdeferred acceptance of the
cbairmapship of the interstate assOcia-
ton by Mr.. Walker, which had been
looked for as the probable precursor Of
an upward movement in the stock mar
ket, together with the buying by Lon
don of st. Paul and some other shares,
there was marked indspositiOn to in
vest ON the long side, while the
bears were encouraged by the
dizziness to make another drive at val
ues. and they were aided by the bearish
utterances attributed to Mr.. Gould,
with the dissatisfaction over the
the coal sales agent. The un-
certainty in regard to the dividend
upon st. Paul preferred also was a
factor N restricting purchases, and this
was not removed until the last hour.
The fluctuations in all except few
SpecialtieS, which were generally weak,
were made within the narrOwest limits,
and. though the efforts for decline
were persistent, there was no long
stock of Importance brought, and the
net results of the days transactions is
small fractional declines only. Phila-
delphia was seller of Reading, but the
stock received good support, and its ex-
IRENE range for the day was but a half
per cent, the other cOalerS, however,
yielding more readily. and Lacka-
wanna especially became prominent
for the weakness displayed at times.
st. Paul was very well held up
till toward delivery hour, when it gave
way with the rest of the list, but the
preferred rallied sharply toward the
close upon the rumor of the declaration
of the per cent dividend. The Gould
stocks were sagging all through the
session, although Manhattan was the
only one which shows any marked de-
cline at the close. Among the special
ties. Pullman was extremely weak,
dropping over per cent, but recovered
portion of the loss. Chicago & ST.
Louis and Pittsburg preferred, San
Francisco preferred. the Oregon stocks,
and some others were prominent for
the losses incurred on light trading,
while Chattanooga rose sharply and is
the only stock showing any material
advance. The opening was dull, but
firm, and in some cases there was some
further slight Improvement in the early
trading, but the bears soon renewed
their pressure upon the grangers and
coal shares; and considerable animation
was developed in them, with decidedly
weak tone, and declines reached nearly
point before the downward movement
met a check. Lackawanna, Missouri
Pacific, Manhattan and Pullman were
the weak spots, although Reading and
st. Paul led in the amount of bus mess
done. The activity disappeared, and
Chattanooga became the feature by rea-
son of the exceptional strength dis
played. but until well into the
afternoon the market was intensely dull
and stagnant. Another drive then sent
st. Paul and Lackawanna down, with
Pullman. and the lower prices of the
day generally were reached in the
neighbOrhOod Of p. m. A better tone
prevailed in the last hour, and st. Paul
preferred especially made sharp rally.
and the close was quiet and firm at the
figures. The great majority of the
active shares are lower tonight, but the
losses are for fractional amounts only,
except in the ease of Pullman, which is
down IL, while Chattanooga rose
per cent. The railroad bond market
was quite dull to-day, the sales of all
issues aggregating only s1,Ol7,0oO,
of which 100000 were in the Rich
| mond & Allegheny second certificates.
The tone of the dealings was generally
firm, but the changes in quotations at
the close are quite irregular and gener-
ally for small fractions. There was no
special feature whatever. The import
ant advances include Burlington, Cedar
Rapids & Northern consol 5s. to SO !;
New Orleans s. Mobile seconds, 80 to
| 105,. and Mobile & Ohio extension skies,
to 10S. Government bonds have been
dull and steady. State bonds have been
RnLlrnlV neglected