St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-04
A NARROW HARRIET.
LIckawarEn:s. ST. Paul and Union,
Pacific Lead the List.

New YORK, Dec. 3.-The stock market to-
day has been narrower than at any time
since the great break was begun, and, as
usual IN such eases. there was a declining
tendency in prices helped by the bearish Mt
titude of the room trading element which
once more seemed 10 have the making of
prices, The market seems TO be drifting into
dizziness, and Well-informed people can see
little likelihood OF any pronounced activity
or strength until the new year arrives. In view
of the present outlook tor the money mar
ket people are not inclined to enter into
any new engagements this month, and the
market at times like to-day, is left without
any apparent support. London was inclined
to buy to-day. and the early figures from that
center came decidedly higher while the for
eign buying orders in the early trading served
to sustain the market during the forenoon
When they Stacked away. however, there was
found TO be no influence to sustain the mar
ket, and the traders. feeling their way, at
tacked certain properties with vigor, causing
material declines i'll the afternoon giving
the market very ragged appearance. There
was squeeze in Sugar certificates this morn
ing, and there was at one time difference of
at least 5 per cent between them and
the trust company receipts. In the
general list, Laekawanna, St. Paul,
Union Pacific and Atchison monop-
olized the most attention, and while
the advent Of cold weather. with its accom-
panlment OF snow. had tendency to help
the coal stocks, making Lackawanna the
feature of the days trading, it was specially
strong when the general market was held UP,
and feverish and irregular when the rest of
the list was active all the way out The bulk
Of the pressure was made up on the grangers
and the Pacific stocks. and those properties
show the largest losses for the day. Lacka-
wanna al one time showed a gain of 2la per
cent over It's first price, but at the close all
oil 1t had been lost, and its opening gain of
12 per cent measured its improvement for
the day. The Ow-priced shares were COM
paratvely neglected and were dull all
the way out. and outside of the
few leading stocks there was no
feature of interest in the dealings The DOS
duce its rates of discount tomorrow was
factor in the strength of the London market,
but IL failed TO make any Improvement here
The market remained quite and feverish
until the close, which was weak at about the
lowest prices for most of The list. Tine final
losses are generally small fractions, but
Union Pacific is off ISIS. Burlington and
Missouri Pacific each "A, North American
and Pacific Mail each lIs. Northwestern and
New England each ] per cent, while jersey
Central is up l per cent. Railroad
bonds were quite dull, and out of Il total
days business of $685., 0OO Western Union
IS contributed Sl5u,0OO, while there were
fewer issues dealt in and small changes were
the rule Prices generally Yielded. however
ana Cedar Falls d Minneapolis lists are down
2. at 70: Fort Wayne lists 2. at I,4lA. Gov
eminent bonds have been dull and steady
State bonds have been neglected Petroleum
opened strong: general options fell l2c then
recovered i4c and closed dull. The sales
were the smallest on record. the total trans
actions being only $4,000 bbls Pennsyl-
vania OIL. spot opening ut &c; highest. 6Gc;
lowest, &c; closing at 66c. January option.
opening at 6Tc; highest 67c; lowest 66Ac:
closing at b6S4c. Lima oil, no sales.