St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-28

the Pennsylvania Central, it is said, will
be consummated in spite of minority oppo-
sition. The earnings of Louisville X Nash
vile for the third week in August decreased
SO. 500. Omaha common started up again
to-day, but the preferred remained quiet.
The Changers shared in the general rise. but
not 10 an equal extent. The movement in
Jersey Central had no significance and
Lackawanna was put up by the shorts.
Easy money and plenty of pluck and nerve,
however, can do almost anything with
stocks. Hallgarten and Diclman were no
ticed rs abSorbers of Lake Shore, and it
looks as though the shorts in this property
were getting themselves into a decidedly
tight box, which may assume proportions
only equaled of late years in the Hannibal
IL st. Joe problem, which some Western
operators well remember as thorn in the
flesh that ranked for many moons. The
bears found but little comfort at the finish
There was strong undertone, and it looked
as though the market was ripe for an up-
ward movement at any demand. The de-
mand for good dividend-paying properties
seems TO exceed the supply right along.
New York, Aug. 27.-Government bonds
have been dull. but steady; state bonds have
been quite active and prices generally strong.
ne EallEDat ll.FhNl WIS lAlIlA lGllNt tO-AuN-
although the sales aggregate only Sl.3s3,OG0,
but the business was better. the Erie I'd con-
soils contributing only S253.000 and Nickel
Plate Sl55,000. The Texas & Pacific issues
were dealt in to the extent of Sl63,0G0. and
prices are generally higher. The stock mar
ket has exhibited decided strength to-day with
the exception of reaction i'm the afternoon,
most of which was recovered before the close
OF the board. Business was also moderately
active; the largest trading was in Lackawanna
and Western Union. Prices ut
the opening were strong, showing in
most cases an advance of x 10 81 per cent.
and there were further gains in the forenoon
from y TO over per cent, when with few
exceptions the highest prices OF the day were
made. The market was heavy, declining slowly
after midday until nearly > o'clock, losing a
considerable portion of the early advance,
although with few exceptions the lowest
prices were at or Immediately following the
opening. In the last hour there was a rally
led by Western Union. which touched its
highest price and closed = lower, with q net
gain OF = per cent. Lackawanna, Jersey
Central. st. Paul and Missouri, Kansas *
Texas advanced 4 to q per cent. The re-
suit of the days operations, other than the
stocks mentioned, was an advance Of per
cent. for Lake Shore and Union
Pacific, 1S< for Central Pacific,
q for New York Central, = for
Reading. = for Louisville 81 Nashville,
1t was announced this afternoon that the
Lehigh Valley railroad had reduced the tolls
on coal p cents per ton, the object being 20
enable the individual operators TO continue
business without its being too heavy. II is
almost unanimously conceded by coal men
that the coal business is in a strained condi-
ton, owing to the excessive supply that is on
hand. In some cases the companies are COM
PEELED to hire barges in the bay for storage,
the ordinary dumping grounds already being
fun. The Changers were unusually quiet and
without special feature.
The total sales OF stocks to-day were 27S.S5
shares; including Delaware. Lackawanna &
Western. $500; Kansas & Texas, 6.325; Lake
Shore. 1850; Louisville Il Nashville. ll,el5;
Northwestern, 1917; New Jersey Central,
200; New York Central, 1850; Northern
Pacific, 3.290; Northern Pacific preferred.
$685.; ST. Paul, $4,000; st. Paul Il Omaha.
$500; Union Pacific, 1910: Western Union,
-, 090; Oregon TrauscoutinCntal. S, eco.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days;