St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-18

afternoon, being pushed with marked
incre ase OF activity OH the report that
the dividend was to be paid, but tue
story was afterward denied, and the
improvement was all lost except a
small fraction. The final changes are
generally in the upward direction,
though only one important advance was
made, II per cent IN Atchison. On
the other hand Tennessee Coal is down
Us per cent, and Oregon Short Line
IL. In to-day's railroad bond market
the AtchiSOn income IS, which are be-
lieved by the insiders in the property TO
be the coming speculative security, fur
nished 1862, 900, followed by the Louis
vile, New Albany q Chicago cOnsols
with S165, 600. and the Reading 3rds with
$4,000 out of total days business of
$1,7S3,000. The market displayed a
more decided firm tone than usual of
late, and almost all the important
changes for the day are in the upward
direction. Outside of the issues men
toned, however, there was little
or no feature to the trading.
Chicago, Burlington & Northern lists
rose 35s to l031s. Government bonds
have been dull and steady. State bonds
have been entirely neglected. The
Post says: The established fat that
the Vanderbilt roads are all earning
considerable more than their regular
dividends, and this being applicable TO
the Lake Shore and the G. q. c. d st.
Louis, has had an effect to increase con-
fidence in the earning capacity of all
the middle state roads east of Chicago,
and stimulates speculation in their
stocks. The unprecedented depression
in the anthracite coal trade still has its
effect in the coal stocks, and notwith-
standing the fiattering prospects of the
Lackawa ma as regards its trunk line
business, and Notwithstanding the in
veStment buying of its stock, it does
not advance, but hangs rather heavily
about 1856. On the other hand, Reading.
which is much more seriously affected
by the condition Of the anthracite coal
trade, was active, strong and higher,
being up "a to Az before l o'clock,
owing TO the uneaSineSS of the out
standing short interest. This is not
nearly so large as it was when the
squeeze was made last Monday, but the
understanding that a pool has taken
1000 shares, or just half the capital
stock, out of the loan market, makes it
possible to engineer another pinch very
easily at any time the outstanding short
interest will justify the experiment.
The remark, however, is made in the
street that the experience of last week
shows that whatever may be the ostensi-
bic object Of the accumulation of this
amount of stock, and the holding of its
price up to one or two points above the
price of the third preference incomes
which sold to-day at 3915, when the
stock was selling at 41-there are some
members of the pool that will not resist
the temptation to sell out if they can
get a chance at high price. "The safety
of the pool depends on keeping the
stoce at figures which do not offer the
members the induce ment to sell out on
each other. The total sales of stocks
to-day were 1856 shares, including:
Atchison, 23.500: Canada Southern,
1880: Lake Shore, 4.6S1; Oregon Trans
continental. 3,400; Reading, 1880; st.
Paul, $500; Union Pacific, 1885.