St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-31
CHANGE IN TEMPER,
Wall Street Under Bear Ham.
uperiur. Closes Under.

New YORK, Dec. 30.-The stock market to-
day experienced complete change in tenn
per and under persistent bear hammering
finally closed almost invariably lower than
last evening, notwithstanding that the
general outlook was if anything improved
and the money market worked rather easier
than yesterday. The money market in fact
continues in very satisfactory shape notwith-
standing the near approach OF the first OF
the year and in any case disturbances in rates
Can only last few days at the utmost. The
difficulty over the Omaha bridge, however,
created bad impression, and the announce
ment that the meeting of the board Of the
new association had been postponed, was
used to the advantage of the bears. The for
eigners took stocks rather literally in the
early trading but this resistance to the bear
ish operations was short-liyed, and notwith
standing that commission houses report in
creased inquiry for investment securities.
there was nothing that looked like support
in the market from opening to close. The
purchases. however, did not indicate a de-
sire to accumulate stocks at the figures
asked. The opening figures indicated the
position on the part OF domestic operators.
and were irregularly changed from those of
last evening while the pressure to sell was
apparent in the first few minutes trading.
an active business resulting in slight losses
ali along the line. The foreign demand then
helped prices up again, and in many cases
among the active stocks the highest prices
for the past week were reached. From these
points. however, there was material depre-
citation, with the room traders conspicuous
sellers Louisville d Nashville, Lackawanra,
Rock Island and others were very prominent
| in the downward movement aud from the
best figures of the forenoon there were de-
| clines extending to 2Ss per cent scored.
| This was in the regular list, but IN Sugar a
i more pronounced decline took place, the
runior that one of the suits against the trusts
had been decided adversely helping to de-
press the price. LackawaDna led the break
in the afternoon, and there was thought to
be free realizing on the recent rise. The one
strong point in the market was Wheeling u
Lake Erie, which continued 1tsrlse OF yester-
0dayand failed to follow the rest OF the list
ifwhen the break came. and 1t stands alone in
/ showing a material advance as the result OF
the day s operations The decline made
steady progress during the AFTERNOON. and
while there were i'll some cases slight rallies
from the lowest points, the close was heavy
and dull at about the lowest price of the day.
Sugar is down 37s; Lackawanna, ia; Louis
| vile q Nashville, lss chicago Gas ana MIS-
souri, Pacific, each lss; Union Pacific, ls
and Rock Island, Northern Pacific preferred.
Il per cent, and the others smaller
amounts. Railroad bonds showed the
new interest which has been awakened and
the transactions footed up $1.699.O00 out
of which the Atchison incomes furnished
S225, 0CO and the Northern Pacific fives
IcSI75,000. The market continued strong,
| also, NOTWITHSTANDING tue WcHkncsS III
| shares, and while the marked advances were
| few, the losses were even less. Burlington,
| Cedar Rapids & Northern 6ves rose to 81,
| ST. Paul, H.6s D.. sevens, SIP to 1875; the tives
| 3 to 100 and Readings seconds 2 to 37l2.
| Government bonds have been dull and
! steady. State bonds have been entirely
neglected. Petroleum opened steady, and
after slight advance January options de-
cined lss, and The market closed weak
Pennsylvania oil. spot opening 7lAc; high
| est, II 81: lowest, IL; closing, IL; January
| 70ss; closing, 7Oss. Lima OIL no sales.
| Total sales, 136. 900 bbls.