St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-15

and the probability is, that notwith-
standing the material rise in prices
brought about. the short Interest has
heen very little reduced by the days
operations. The rise in the early por
ton of the day was resisted with con-
siderable force. but the effort was I'M
awaiting, and was soon given up. The
upward movement in prices was prac-
tically uninterrupted, and only In the
last hour was there anything like a
halt. The report that all the roads had
agreed to restore freight. rates
to the Missouri river gave the rise an
other stimulus toward noon, and all the
stocks in which there has been most
marked selling of late were the most
conspicuous in the rise. Rock Island,
Missouri Pacific, Burlington, st. Paul
and LackaWanna were most prominent
in the dealings, and in those shares the
most important movements were made,
the rest of the list being comparatively
quiet within narrow limits, although
the entire market participated in the
Improvement. Among the Speclaltles
there were the usual wide and sudden
movements, and the Bltuminous Coal
shares led in that respect, both Tell
nessee and Colorado Coal showing
the former was dull. Manhattan was
strong on reports of large earnings, and
Jersey Central and New England were
higher on inside buying and good bust
ness. The unlisted department was
comparatively neglected, although there
was more business done in it than usual
of late. The market after the effort to
resist the upward movement ceased
showed no change in it. and finally
closed quiet, but steady to firm. 1t was
freely stated upon the street to-day that
J. Pierrepont Morgan's departure for
Europe lately had for one OF its objects
the placing of some $40. 000. 900 of various
railroad bonds on the foreign markets.
The money market worked satisfactorily
throughout, and Notwithstanding the
low state of the bank reserves and the
demand for loan rates on call went only
as high as per cent, and closed at SO
bid. The list is higher tonight, and
orado Coal, 25s; Jersey Central.
~; Manhattan, tx; Big Four, rs. and
New England l per cent. Railroad
bonds were dull and failed to respond
to the improved feeling in the share
list, displaying rather heavy tone, and
the final changes tonight show ma
jority of declines. Sales reached only
$4,000. Big Sandy 6s lost l at soc;
Cedar Falls and Minneapolis lists 4 at
66. Government bonds have been dull
and steady. State bonds have been
quiet and steady. The Post says: "The
advance in prices this morning was
caused by short covering induced by re-
ports from Chicago that the Western
roads, With the exception of the Chicago
& Alton. have agreed to restore
freight rates to the basis of zoe to
Missouri river potts and Coo to st.
Paul, which means practically settle
ment of the previous existing rate diff
culties in that section of territory. In
the afternoon the market was active
and strong, and the highest prices OF
the day were made in the last hour, the
advance over IL o'clock prices having
been 11s@ls4 per cent, the strongest
stocks having been the Changers, the
Southwesterns and the Coal stocks.
The total sales of stock to-day were
191,717 shares, including Atchison,
1850; Delaware, Lackawanna q West
ern, 1850; Louisville & Nashville. 1854;
Missouri Pacific. 1850; Northwestern.
$500; Pacific Mail, 3.460; st. Paul, A.
$50; Union Pacific, 2S,570.