St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-15
MARRETT & POWERS,
GRAIN, PROVISION AND STOCK
BROKERS,
3O7 Jackson Street, ST

NEW YORK, Dec. 14.-Government bonds
were dull and steady to-day; state bonds were
neglected. Total sales of railroad bonds
tributed $1,107,000; Texas Pacific
$685. and West Shore trust receipts,
S23S,0 900. Prices are generally lower, New
York Nickel Plate lists opened at 951ac. and
although the movement was feyeriSh and IT.
regular, sold up to 99c, closing at CSC. The ends
are up per cent. at re on a small business.
The strength of these bonds is attributed to a
belief that Lake Shore will become response
Bile for them. Stocks were active and weak.
aud at times feverish. The general idea is
that a strong bear party was organized
last week, and is operating with
growing vigor. They have SO FAR met with
with comparatively little resistance from the
late leading bull operators. The cause of
this is variously interpreted. By many it is
claimed that the backbone of the bull party
was broken by the death of Mr.. Vanderbilt.
and that much lower prices must necessarily
follow. Others think that the bulls, who are
favored with plenty Of money at low rates,
are holding off until sufficiently long line of
shorts are out, when they will come in and
give the market boost. AT the opening
this morning there were only slight changes in
the quotations of the active list, and in the
early dealings there was some display Of
strength, the general list advancing fraction
~
Shore and Northern Pacific preferred
was started, however, then soon after the
opening Lake Shore, which had opened at 81
and advanced to 84$4, broke in the forenoon
to e2A, and Northern Pacific preferred, which
held early at 60@60H, yielded to 5S3s. The
whole list sYmpathized with this downward
movement which eliminated during the first
hour. Thereafter the market was less active
and prices were more steady, with tendency
upward, which continued until about
o'clock, when another onslaught by tie bears
was begun and continued with occasional in
terruptions during the remainder OF the
afternoon. In most cases the lowest prices
were reached late in the afternoon. but Pacific
Mail, Erie, Canada Southern and Missouri
Kansas s. Texas touched slightly lower quo
tations i'll the morning. In late dealings there
was a slight rally and the market closed
somewhat irregular, active and unsettled at
small fractions above the lowest figures
of the day. The declines are from fractions
to over per cent, Northern Pacific preferred
showing a loss of 2ss, while the common
stock is down Lake Shore is off 15s, New York
Central "a, Michigan Central, Northwestern
49, st. Paul IA. Reading is conspicuous for
an advance of "a and a few other inactive
stocks show gains of small fractions. An
nouncement early in the day that Louisville
& Nashville directors had completed an ar
rangement with the Erlanger syndicate for
the maintenance of rates for five years gave
that stock considerable strength and it closed
unchanged at 1917. The sales of Lake Shore
and st. Paul alone amounted to 243, ECO shares
and these with Lackawanna and Northern
Pacific preferred contributed over one-half of
the days business.
The total sales of stocks to-day were 708,-
SS2, including Delaware, Lackawanna q
Western, 81, $50; Erie, So, 1856; Kansas & Texas,
26.447; Lake Shore, 124, 900; Louisville & Nash
vile 1851; Northwestern, 22, $50; New York
Central, 25,275; Northern Pacific. 6,725;
Pacific Mail, 1880; Reading, $3.50; St. Paul,
10000; st. Paul s. Omaha, 3,T95: Texas
Pacific, 22,lT9; Union Pacific, $4,000; Western
Union, 25,7l0; Northern Pacific preferred,
51,6S6: Oregon Transcontinental, 27,462.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: