St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-18
heavy selling by noon operators at the re-
action and
PRICES SOON BROKE

PRICES SOON BROKE
to 95T. NewcOmb and other bulls on
stocks came in at the break and bid prices
up to 965s. Its friends asserted that only
SO, 900 shares are in brokers' hands, the bal
ance being concentrated in strange hands,
and will not come out. The street dis
credits the statement as to the number OF
shares on sale, but many are nervous, as the
large selling places the stock in an easy
position to corner should the amount said
to be held by brokers be anywhere
near true. 1t is also known that
The friends of the stock would not hesitate
to give the bears alight squeeze should they
get them in position to do so. The Gould
stocks, the Northern Pacific and North
western exhibited considerable strength, re-
cording fair advance. Northwestern was
put up a points on report that lts earn
ings for the second week OF November
would show an increase OF about Sl2o, ooU.
Towards the close the entire market, Win
the single exception of st. Paul, improved.
Oregon Transcontinental advanced from
80 to 3411s, closing at about the top. The
Southwestern stocks exhibited some ac-
tivity late in the day. The close was gen
orally strong, with sentiment favorlng
further advance tomorrow.
NEW YORK, Nov. 17.-Government bonds
dull and steady. State bonds fairly active
and firmer The railway bond market con-
tinues very active and strong with large de-
mand from investors, especially for the Detter
class of securities that have not yet advanced
to quotations very much above par Inc
sales to-day were S4,520,000. The Erie I'd
consols were comparatively quiet, the trans
actions amounting to only S5n,000 There
was large trading in the two Atlantic y Pa
cific issues, the sales exceeding $1,00000O, at
a gain of a. The Denver u Rio Grande
issues advanced 2 per cent. each;
Northern Pacific Eds have made slow but
steady advance each day since they were llsteo
and to-day advanced IL per cent. oregon
Transcontinental IS gained l u per cent, Ken
lucky Central As rose per cent, Louisville q
Nashville, New Orleans Eds IL, Chicago, st.
Louis & Pittsburg lists are up per cent.
There was little abatement this forenoon IN
the great activity which has been one Of the
prominent features of the stock market for
some time past. After midday it became
somewhat quiet at times. The total reported
sales to-day were $4,000 shares. st. Paul
continues to head the list with 1880 shares,
and Northern Pacific preferred and Oregon
Transcontinental contributed 104, 400 shares.
There was
A GOOD BUSINESS
in Western Union, Northwestern. Missouri,
Kansas g. Texas, and they were closely fol-
lowed by Northern Pacific common. A large
business is being done for European account
and the London quotations are eagerly
watched. This morning London prices were
strong and the New York market opened with
a gain of "a to % per cent. with exceptional
advances for greater amounts. Almost
everything on the lists is materially higher
than last evening, net gains ranging from 4
to nearly 3 per cent. Oregon Navigation
shows net advance of per cent. For
week past Chicago has been the most prolific
source of news for Wall street, regarding
St. Paul. Private dispatches from there,
from the recognized head of the St.Paul pool,
assert that the value of the property is
greater than the prices now ruling. Never
theless the opinion of the ''street' is that
very large amount of the st. PauIs pool
stock has been disposed of at per cent. and
the wonder is that with the enormous trading
in it the decline has been so small. The stock
to-day fuctuated between 95Y@973s and
closed with net advance of 4 at 81. North
western was very strong, accompanied by q
good deal of ''bull' talk, including report
that the earnings for the second week OF the
current month showed an increase of $780,
900. 1t
CLOSED WITH GAIN
of TX per cent, in the face of rumors of an
adverse report by the federal railroad COM
mission. Union Pacific advanced to 62sS and
closed Il lower, with a net gain of %. Pacific
Mail is up IL, Lackawanna and Michigan
Central each 15s, Louisville Nashville ~,
Missouri Pacific and Omaha common 11s,
Manhattan consolidated II, Oregon Trans
continental 2s4 per cent. There was compar-
atively an active business in the Wabash
stocks, and the common is up215 and the pre-
ferred 2A per cent. Denver s. Rio Grande
sold up to 241a. gain OF 81 per cent. Among
the active stocks the Northern Pacific devel-
oped very unusual strength, and closed with
a gain of "a for the common and 2s4 for the
preferred.
The total sales of stocks to-day were 621, 1862
shares, including Canada Southern. $500; Del
aware, Lackawanna & Western, 1855; Den
yer s. Rio Grande, 7,725, Erie, 1885: Kansas
& Texas, 30,175; Lake Shore, 14,700 Louis
vile g. Nashville, 11,175; Lake Erie & Western,
1880; Northwestern, 31.650; New Jersey Cen
trail, $3.50; New York Central, 1900; Northern
Pacific, 2S,075; Pacific Mail, 21.010; Reading,
1890; St. Paul, 1889; st. Paul & Omaha,
11,600; Texas Pacific, 13.725; Union Pa
cific, 1888: Western Union, 33,072; Northern
Pacific preferred, 50,270; Oregon Transconti-
mental, 81. 123.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prjces bid yeSter-