St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-08

600. 1t is said that an important gain has
been made ON West Shore negotiation by the
abandonment of all opposition TO the
scheme by Western parties. The feature of
to-day's stock market has been the remark
able strength developed this afternoon in the
Gould stocks. The market this forenoon was
very dull and in the first hour weak,
the decline in that time, as compared
with the closing prices last evening,
ranging from Il TO Is per cent, with
Lackawanna down rs per cent. After IL
o'clock the dizziness became intense, but
prices rallied small fraction. 1t was little
after midday that new life was infused into
the dealings in Western Union. The street
was licerally supplied with rumors. all tend
ing to show that an understanding had been
reached between the Western Union and the
Baltimore & Ohio telegraph companies 10y
which they were to operate in harmony as
two-Iate companies or under one consolidated
management, or, in other words, that the
Western Union had secured control of the
Baltimore Ohio. II is known that the Bal
timore & Ohio lines were offered TO the West
ern Union some sixty days ago, and that the
terms were not accepted. 1t is now sup
gested, however, that negotiations have since
led TO better results. Western Union rose in
the afternoon from 691& TO - and closed 4
lower net advance of 25s per cent, the
sales for the day being very large-S3,2O0
shares. The bulls in New Jersey Central
claim that one of the considerations offered
to the Baltimore & Ohio managers for the
surrender Of their telegraph company il Il
through railroad from Philadelphia 10 New
| York, which it claims MIR. Gould is
! able TO deliver by the purchase of New
Jersey Central stock. The stock was duh
/ all day. but rose Ia per cent. from this
/ mornings decline and closed on a reaction in
\ the last half hour with a net gain or * per
cent. There was a sale Of LOO shares of
/ Missouri Pacific between 10 and > o'clock,
/ during which the price rose from % TO 9234.
/ In the last hour on number of small trans
| actions il rose 10 % and closed At that price,
/ an advance of = per cent. There was no spc-
| cial reason given for this upward movement
| Union Pacific and Lake Shore are up 1 per
cent. and New York Central shows a gain Of
| s. per cent. Other gains are for fractional
! amounts. but almost everything is higher.
! Pacific Mail is. however. an exception. but
| the sales were limited to $50 shares. The
strength IN the afternoon was accom-
! panied by increased activity in the
stocks mentioned, but the rest of the
! list was very dull and practically fcaturcleSs.
| Tomorrow will be observed a. a legal holiday.
| The week on the exchange closes this even
| ing. Prices now rs compared with the clos
| ing quotations last Saturday are AZ per cent.
! higher for New Jersey Central, 354 for West
! ern Union. "a for Reading and > for Louis
| vile Il Nashville ana Missouri Pacific each.
while Lackawanna is down 2l4 per cent. The
| sales Tor the five days last week were al. 400
shares. The sales of stocks to-day were 26s. $40
shares. including Delaware. Laclawanna &
Western. 81. 40: Kansas & Texas. g,235; Lake
Shore, 2S,g32; Louisville Il Nashville. $500:
Missouri Pacific, 1900; Northwestern. IL, AZ /;
New Jersey Central $500: New York Cen
trial. 1900; ST. Paul, 1920; Texas Pacific,
25,S02; Union Pacific. l,5S5; Western Union.
| S3,2l2; Northern Pacific preferred, $500;
| Oregon Transcontinentai, 2.265.
QUOTATIONS. OF STOCKS AND BoNDS.
Following are the closing prices bid yester-
day and the three preceding days: