St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-26
Western Associated Press.

entIFelI anu cauSeu the biggest DOOM Oh Inc
week.
| Western Associated Press.
New York. Feb. 25.-Governments strong
on limited business.
State Securities-In good demand and higher
Sales.--future a slight reaction in the
| stock market to-day, but prices again bid
up in the afternoon, that the loss
covered, and the final prices this evening closes
fracfionally higher than they closed yesterday.
Rumors were prevalent the street this morn
ing that the little boom IN American securities
| in London Monday and Tuesday forenoon was
gotten up for the occasion TO insure an advance
here after the holiday, and that the boom was
managed from this side. The opening quota
tons here to-day generally u a q per cent.
higher than the closing yesterday. and during the
first hour the market was dull and dropping, and
although a little more life infused into deal
ings after II o'clock, the course of prices still
tended downward accompanied by q slight
action, until after p IN. During this time the
lowest prices of the day were made, but with one
ortwo exceptions the lowest prices to-day are less
than Il per cent. below yesterdays final figures.
! The heaviest declines among the active stocks
were in Lake Shore and Chicago, Milwaukee &
IL e
former at Co.'S and the latter at 1874. New York
Central fell x per cent. TO 94H, and Chicago &
Northwestern an equal amount to 942i. Missouri
/ Pacific prominently weak and on larger
transactions than usual IN that stock it declined
| from 93S to o., while Northern Pacific and
Louisville & Nashville were exceptionally strong,
showing no loss from the closing prices of yes
terday. 1t is believed pool has been formed in
the stock last mentioned, and there is good
deal of talk about considerably higher figures for
it IN the near future. The general market,
| however, tended to confirm the prevailing
opinion this morning that a reaction must follow
the recent advances until shortly before 9
| o'clock, when the whole list became strong and
| more active, and before O'Clock the losses of
the earlier part Of the day were all recovered,
with very few exceptions, and prices were higher
| in most cases by small fractions than they
| opened. Louisville e. Nashville, which closed
at an advance of 2ls per cent. at 81 q, and
Central Pacific, which on small dealings is up
| ! = per cent. at 80, are the greatest gains
made by any. Notwithstanding the fact that
! Delaware & Hudson directors to-day reduced
the quarterly dividends to 4 per cent, the
stock which sold "a low 79as rose later in the
| afternoon TO S5, again quickly declined to 81 81
and closed with a net gain of / 4 per cent. at
| Slai. Delaware, Lackawanna Sc Western opened
unchanged ut 1923, and sold between 1913 and
1924 until the last hour, when it rose rapidly TO
| l0las and closed there, advance of 4 per
cent, with sales OF 81, $50 shares on limited
trading Chicago st. Paul, Minneapolis s. Omaha
preferred is also up II per cent, at 9lH, and
| Illinois Central gained Is per cent. at l25is,
and Missouri. Kansas s. Texas / per cent. at
l77s. but the active list, except the stocks men,
| toned, show an advance Of less than per cent
and generally for small fractions. Chicago &
Northwestern was exception by advancing
TO 1854 and closing at 9G7s gain OF z per cent.
Following the announcement that the com
pany had declared its usual quarterly dividend
OF per cent on preferred stock, Chicago, Mil
yankee s. 81. Paul was unchanged at 74a. The
only important decline is in Missouri Pacific,
which, although it rallied 1 pc cent. to %, is
still Z per cent. lower. All called Could
stocks are remarkably dull and responded feebly
to the afternoon advance. The market clos Ell
steady to strong. There was increased activity
in the railway bond market, sales amounting to
81, COS, SOD, gain over yesterday of 1856 500.
Prices this evening are somewhat irregular, but
in the majority of cases higher. The only bonds
in which trading notably large were Erie
End new, which were strong in the forenoon.
=
and finally closed duh at 675s, loss Of Z. per
cent on total sales OF SAL 600. There were sales
Of las, 900 for West Shore lists at 37I4 G37, an
advance Of 4 per cent. Harlem list coupon at
1873 y, and Missouri Pacific 3rds at IO3,f, are UP
per cent. each, and Lafayette. Bloomington &
Muncie lists gained per cent. at s.. Louisville
s Nashville 1910 Is exchanged at G. :, but the
Nashville lists are per cent. higher at lO2
There Is a gain OF 5 per cent. in Erie IS gold at
Ii7S, and an equal advance in Rock Island IS
at Is9. Oregon Improvement tompany's lists
at 50, and New York. Susquehanna Western
lists at -. each gained per cent. and Elevated
lists are 4 per cent. higher at ll9h Louisville
4 Nashville consuls ruse Is per cent. 10 llsls
and International coupon IS 3 per cent at 60.
There was decline Of az per cent. in Keokuk
& Des Moines 1sts AZ 1855, I per cent in
Missouri. Kansas & Texas general IS at %, and
! per cent. in Pennsylvania Companys coupon
as 81 o. Colorado Coal n Iron Sc at 90. and
south Carolina railway incomes at 50.
The transactions aggregated $4,000 shares:
Delaware Lackawanna * Western 5000.
Lake shore s. 900. Louisville Is Nashville
$4,000. Missouri Pacific $4,000. Chicago Il North
western 1900. New York Central 2I.O5O
Chicago Milwaukee & 81. Paul q. 900. Western
Union Telegraph 10000.
QUOTATIONS OF STOCKS AND BONDS
stocks and bonds closed Al the followir