St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-27

Armour will stop any decline below a..
The proposed st. Paul extension TO Kansas
City from Ottumwa. Ia. will cost. ii is
calculated, about 81, 400, 900. The distance
Is less than 200 miles. The story about the
Baltimore x Ohio going into New York
over the Erie terminals Is pronounced
\ CASARD.
WOerishotfer was said TO be selling the
NanderbiltS and Lake Shore to-day went
down 10 TOSI. but rallied To 7il<. New
York Central hung fire around 80. The
Central Trust company say they Will imme-
dlately foreclose and sell the Nickel Plate
road or get 100 cents on the dollar for all
the money they have put in. As the Ohio
law will not permit the Lake Shore to guar
antee any new Nickel Plate bonds. il looks
as though Vanderbilt will be compelled TO
saddle il on the New York Central if lac
wishes to effect a settlement. The earnings
of the Oregon Navigation company for the
third week in August increased so. 600. The
Lake Shore statement for the six months
ending June 80 shows 2 net decrease of
SS94. 000, and even the earnings of the
old Pennsylvania Central road will show a
decrease of 500. 900. Tie Reading party
is now violently opposed 10 Mr.. Wander
bilt and thinks he wants to sell il ont.
Neither will the Ontario a Western road
put itself under the control of Mr.. Wander
bilt and it looks as though the railway
king was being Snubbed i'm PENNSYLVANIA
and all around. The West Shore bonds
are now practically locked up. and will not
be traded i'm much more. In the final deal
ings the market weakened on reports that
New York state and New England would
have an arctic wave before morning. and
the bears and bulls alike were sending up
town for OvercOatS.
NEW YORK. Aug. 26.-Government bonds
are duli but strong. State bonds have been
more active and prices stronger. The railroad
bond market was again dull to-day. the total
sales aggregating only Si.66S.O00. OF which
Erie IDS contributed $50. 900 and Nickel Plate
= S2il.0O0. There were no sales Of West
Shore lsts,but i3ls was bid for the Trust COM
pany certificates. Prices are generally lower
this evening. Nickel Plate lists opened AZ 1875
and rapidly sold down in the forenoon
10 II and in the afternoon 10 53-s.
after which they rapidly advanced
and closed AT 16i1c, 4 net gain of il per
cent. The stock market has been less active
to-day. the total sales amounting To J0.OO0
shares less tnan yesterday, but the decline
which has been Going on FOR several days
past WAS checked, at least FOR the time being.
the result of The day Operations showing al
vance. with two or three exceptions, for
greater or less amounts. but in no case eI-
cccdlng rs per cent. for any of the active
list. \ notable feature OF the day operation
has been active open buying 10y prominent
operators. who. for some time past. were
cla>Sed among the leading bulls. but who have
been selling stocks more recently.
On the other hand there was
good selling by prominent houses.
The result is that the street Is considera-
ably puzzled regarding the future OF the
market. One OF the notable features of the
Situation
reporting for either the second or third week
of the current month only three show gains,
ana one Of these is the Canadian Pacific.
which. on account Of increased facilities, has
been making material advances over the cor
responding week last year for some time
past. The Chicago & Alton earnings for the
third week fell of about $4,000. and North
western Sl5i.000, and Louisville u Nashville
$l9,3l5. The market
OPENED IRREGULAR.
although generally lower. and in the early
dealings there were in most cases other frac-
tional declines, the lowest prices of the day
being made generally in the first hour. This
was followed. however. by reaction, which
continued with only slight Interruptions until
IL oclock. or somewhat later, when the
highest prices were reached the advances for
the time amounting from q TO Ia per cent.
In the last hour the market was decidedly
duh and there was u fractional decline about
2:30 p. m, most of which was recovered be-
fore o'clock and the market closed
dull at a net gain Of per cent for Northwest
ern and 81. Paul. = FOR New York Central.
= for Lake Shore and Western Union. = for
Pacific Mail and y for Union Pacific. while
Lackawanna. which was weak all day, showed
loss OF = per cent. and Delaware X
Hudson is 5s,NCw Jersey Central a and Read
ing x OF. The Omahas were very dull, but
show gains OF : for the common and l for
the preferred. 1t Is semi-oticially stated that
the Western Union statement for the current
quarter win show larger net earnings than for
any quarter for several years past.
The total sales of stocks to-day were 26l, Sis
shares. including Delaware. Lackawanna *
Western. 1900; Erie, 500; Kansas * Texas
1896; Lake Shore. 4l.040; Louisville * Nash
vile, $3.50; Northwestern. 20. 200; New York
Central, l6.S1O; 81. Paul. 0lO0; st. Paul *
Omaha. $500; Texas Pacific. 1880; Union
Pacific. 8. gl0; Western Union, l6,ll6; Oregon
TranScontinental. $40.
QUOTATIONS. or STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days:
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