St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-01

NEW YORK, Oct. 31.-Government bonds
were dull and strong. State bonds dull and
irregular. Railroad bonds continue active
with very good demand for the investment
issues. The total sales to-day were SO, ST7.0 600,
including $1,212, 900 Erie second consols.
There was some trading in the Wabasha issues
and quotations were steady for all, except the
Cairo division fives, which are up ~, at 81 %.
Acting upon the suggestion OF the London
committee, the purchasing committee here
have decided to extend the time dur
ing which bonds may be de-
posted under the reorganization
agreement to Nov. 16; holders to the amount
of Sl3,000,000 out of a total of SIG, 1000, 900
have already signed the agreement. After
Nov. l6 an extra payment OF per cent. will
be required on all bonds deposited. The
sales of railroad bonds for the current week
have amounted to nearly $23, 100000, and for
the month closing to-day to over S105, 200, 600,
against less than 100000 900 for September.
There has been throughout the month an al
most continuous but SLOW advance in the
price of the so-called "g1lt-edged'' invest
ment bonds, and more rapid advance, &C
companied by occasional reactions, but re-
sulting in very material net gains in some OF
the more special active issues. Comparing
the closing prices of this evening with those
OF yesterday, the stock market has shown de-
OluCu StIODS UQO IL Is Ill upW dIu
movement has been accompanied by an equal
amount of irregularity and feveriShneSS.
There was strong opening Of first prices in
most cases, showing gain OF q to % per
cent, and in some instances the opening
prices were the lowest of the day, while in
the others there was fractional Decline
The lowest prices in some cases were reached
in the early dealings, while other stocks were
dull and heavy until midday. In one or
two cases also the lowest prices were
established in the last hour. After IL o'clock
there was considerable show of strength in
the whole list, which was more or less pro-
nounced, up to 2 o'clock. In the last hour
great irregularity prevailed and during the
latter part OF the hour very decided weak
ness in the stocks which had exhibited tn
greatest strength. The declines in the last
fifteen minutes amounted in some cases to
1a034 per cent. The result, however, of the
days operations is an advance for almost
everything on the list, and majority of the
most active stocks are ovor per cent. higher
than last evening. Taking of the most ac-
tive stocks there is net average gain of a
little over IL per cent, the greatest advance
end the largest business being in Lake Shore,
the sales of which were $4,000 shares, while
the net gain is 2A per cent. Western Union
contributed gu, $50 shares, Erie "a, 900 shares
and ST. Paul 80, 900 shares. Erie gained only
IS, while Western Union advanced ~ and
Lackawanna ~ per cent. Reading was the
only stock whose sales exceeded $1,000 shares
that shows loss of % per cent, and that was
made late in the day, when there was quick
break from 1924 to 211a. at which the stock
closed. One of the features of the day was
the decided advance in the Vanderbilts; Lake
Shore gained 214 as stated, and New York
Central l5a. The Gould stocks were also
prominent, for the advance made as well as
renewed activity. Lackawanna shows a net
gain of Ia Union Pacific IS and Missouri
Pacific II per cent The dealings in the
a&<1l
much attention. Oregon Navigation in the
last hour sold as high as 100I, par being the
price at which the option was given by the
Oregon Trancontinental company. which ex-
pired to-day. In the final dealings there was
a sudden break without sales from 1907 to
1894, but a quick rally to par, and the
last sale was made at 100% a
net gain of 1ss per cent. Northern Pacific
common rose "a and preferred n per cent
At the Farmers Loan and Trust company this
evening it was stated that most of the North
ern Pacific, both common and preferred, have
been been called, while advantage was taken
of the option on very little of the Oregon
Railroad & Navigation. Oregon Transconti-
mental gained II per. cent. activity in low
priced stocks was q feature. Chicago, St.
Louis & Pittsburg common is up 22s, the pre-
ferred q. Comparing prices this evening
with those week ago, almost everything on
the active list is Higher. The gains range be-
tween small fractions and AZ per cent, the
latter in Western Union. st. Paul is up A.;
Missouri Pacific and Oregon Transcontinental
each 3as; Lackawanna 25a; Northwestern
214, and others less than n per cent. The
sales for the week were 2,477,S00 shares,
against 3, 1896, 700 shares last week. The total
transactions for the month amounted to
IL, $50, 0G0 shares, the largest business for
any month this year. There is hardly stock
on the list that does not show material adj
vance. Lackawanna shows net gain of
1917, Delaware g. Hudson 1879, St. Paul
1924, Northwestern 115s, Western Union IL Il,
Lake Shore 93s, Oregon Transcontinental ~,
Northern Pacific preferred "a. New Jersey
Central 63s Canada Southern 81, New York
Central 5s4, Union Pacific 55s, Pacific Mail
81, Erie 53S, and others smaller amounts.
The Post in its cotton review says: A good
business was done in future deliveries Total
sales of the day amounts to $4,000 bales.
Prices declined continually and closed on
November IL and on balance of the list OF
to .08 lower than yesterday, and
as officially declared, leaving ffvery steady.
The total sales of stocks to-day were $780,
1919 shares, including Canada Southern,
6,200; Delaware, Lackawanna Il Western,
81, $40; Delaware s. Hudson, 1856; Erie, A.
O2O; Krnsas g. Texas, 1926; Lake Shore,
q92s9; Louisville & Nashville, Is, $50; Missouri
Pacific, ITO; Northwestern, "a, ZOO: New Jer-
sey Central, $3.50; New York Central. 25.-
900; Northern Pacific 5,97S; Pacific Mail,
$3.50; Reading, 90 $50; st. Paul, 80, 1898; Texas
Pacific. 10, 100; Union Pacific. 35,035; Western
Union, 60,S20; Northern Pacific preferred,
I6, 6lO; Oregon Transcontinental, 10, 1856.
QUOTATIONS OF STOCKS AND BONDS.