St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-23
AN CIAL.
New Work:

| Special to the GLOBE.
NEW YORK, Nov. 21.-The market for
stocks this morning was feverish. unsettled
and lower. Heavy selling commenced as
soon as the exchange opened. This was
particularly noticeable in Missouri, Kansas
81 Texas, which broke about 8 per cent.
| and then rallied sharply. This was looked
upon as drive at the tailers, who have be-
come very numerous. and it shook good
many of them out. There was undOubt-
edly some heavy selling of long stock in the
Granger and Vanderbills, and this acted as
weight OH the market, which was any
| thing but brilliant during the remainder OF
| the day. Indiana, Bloomington q Western,
| Peoria, Decatur 81 Evansville and Mem
phs & Charleston were all active and
higher, while many of the more solid prop
critics were inclined to be heavy. The
market lacked vim and at times looked
strained and tired. Manhattan Elevated
dropped from 1917 to lis and at once re-
covered The talk on it is rather builish.
Many of the large houses report very light
| lines of stocks on hand and no desire to i'll
crease them until something in the way OF
decided break shall occur. The market
closed very heavy with all hands selling
stocks.
NEW YORK, Nov. 21.-Government bonds
were dull and steady, State bonds were dull,
| but firm. The railway bond market failed to
| sympathiZe with the movement in shares,
either as to amount of business done or quo
tations established. The general bond market
was even more active than yesterday, the
sales amounting to 81, 600, and prices are
| generally higher. Railroad bonds have been
| more active during the week, which closed
! this evening firmer than for number
| of years. The reported sales were $1,000, 900,
| against S21. 594, 900 last week. Prices have
| also been strong and steady, advancing
throughout the week, especially for some OF
| the issues that are selling below par. There
was quite a reaction in the stock market to-
day, accompanied by less activity, although
| it cannot be said that a business which
| covers 593S00 shares is quiet market.
| Over 207, 600 shares were contributed by MIS-
! souri, Kansas s. Texas, St. Paul. Lake Shore
and Erie common. The feature however,
was the break in the trunk lines and some of
| the low-priced stocks that have made very
| good advances within the last few days fol-
| lowing the announcement regarding both the
recent and prospective action or the Baltl-
more & Ohio railroad. London quotations
were Off about l per cent. and the result was
a weak opening, first prices generally show
| ing declines of x to Is, and there was a
! further decline in the early transactions OF
| fractional amounts for the general list, and L
! TO over . per cent. Ill u Lew CdScS IAlIHOuS II
| there was a moderate reaction later the open
| ing was generally about the highest OF the
day. After the first hour. however, the market
| became more quiet. The announcement
was made late in the after
! noon that contract would be
closed probably this afternoon by the Balti-
| more & Ohio, by which it would severe con-
nection over the Boundbrook route and a
short line be built to the Staten Island Rapid
| Transit lines on Staten Island. The effect OF
| this announcement was to create the impress
| sion in the minds of operators that further
trouble was impending between trunk lines
| and that early restoration OF rates was prob
| lematical There was very decided break in
| the Vanderbilts and Jersey Central and gen.
| eral weakness throughout the list in the last
hour which Immediately followed the
| statements above referred to and the market
closed irregular and feversh but generally
weak at prices which are in most cases only a
| trifle above
THE LOWEST FIGURES OF THE DAY.
The net declines are over l per cent.
with a range between fractions and "a for
| the active list. A great deal of doubt and
uncertainty was established in the early deal
| ings by sudden and violent break in Mis-
! souri,, Kansas s. Texas, which opened at 36$4
| and sold rapidly down to 331a, there being at
| times difference of as mucn as a per cent.
between sales. There was very quick rally
to 80, another decline to 341a and then com
@355g during the remainder OF
the forenoon; later there was an
other decline to 3414. rally of and consid-
cradle weakness in the final dealings. the
stock finally selling at 345a, net loss
of 21s, with sales of 6i,S10 shares.
! The largest on the list. Jersey Central lost
| IL and Reading per cent. Lake Shore was
only moderately active in the forenoon at
sS15@S715, rallied after midday to $50, but
closed at 81, decline of %. New York Cen
trail is down IL. Among the Changers.
Northwestern lost ~, St. Paul 11s. Mani
toba ~, Denver & Rio Grande ~, West
| ern Union 1ss, Pacific Mail a, and Northern
Pacific and their associates, Oregon Transcon-
tinental aud Oregon Navigation, x to n.
| Among the low-priced securities, Indianapo-
lis, Bloomington s. Western was conspicuous
with sales of 14.400 shares, closing with an
advance OF l per cent. comparison OF
prices this evening with those Of a week
ago shows advances in a few cases that
are important, among which are Pacific Mail,
which has made a net gain of ~ per cent,
Oregon Navigation 61a, Missouri, Kansas &
| Texas as, Oregon Transcontinental "A,
Northern Pacific common 25a and preferred
| 81, and Northwestern "a. The other
changes are for small amounts, except among
| some of the low-priced fancies. The total
| sales for the week are the largest on record,
| being 1859, 700 shares of which st. Paul con-
tributed $4,000 shares, Missouri, Kansas &
| IeXaS ool,oo0, Lake Snore Sol'oSl, Erie COLL
mon 26O. 425, Western Union 254, 592, Oregon
Transcontinental 209,6 $50 and Northern Pacific
preferred 202, $50,
The total sales of stocks to-day were 500, $50
| shares, including: Delaware, Lackawanna &
Western, 1926: Erie, Al 100; Kansas &Texas,
64.S70; Lake Shore, 5000; Lake Erie s. West
ern, 1925: Memphis & Charleston, $500;
Northwestern, 17,215; New Jersey Central,
1925; New York Central $500; Northern
Pacific 6,705; Ohio Central. 5, 430; Pacific Mail
5000; Peoria, Decatur & Evansvill e, 12.515
St. Paul, 56311; St. Paul & Omaha, 5,715;
Texas Pacific, 20,sO5; Union Pacific, 1865
Western Union. 26,567; Northern Pacific
preferred, "a, $50; Oregon Transcontinental
3e,669.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
| day and the three preceding business days:
| go. IrIl,I1,..L Sat