St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-19


large buyers of Kansas 6 Texas
and of Texas Pacific. Points were given
out for a big advance in Cleveland, Cincin-
( natl, Columbus 81 Indianapolis; Ohio South
ern; Indianapolis, Bloomington d Western,
and Lake Erie IL Western, on the forlna-
ton OF pool, which it was expected would
greatly improve the earnings of these roads.
After the early advance the market steadied
and presented few features of interest. 1t
was reported that the early advance in
Kansas Il Texas was on information that
in Gen. Sheridan's report to the government
he favored allotting the lands in tine Indian
Territory to the Indians. This, if carried
out, would result in the opening of that ter
rit0ry to the whites, and would greatly
benefit the Kansas 81 Texas road. The adj
vance in Denver & Rio Grande was it was
stated, on heavy buying from Europe on re-
cent improvement i'll its earnings.
NEW YORK. Nov. 1S.-Government bonds
dull and strong. State bonds fairly active
and steady. There is no abatement in the
activity in railroad bonds. The sales to-day
foot up Sl,1S5,000. None of the issues were
particularly prominent for activity, although
a good business was done in Atlantic q
Pacific, Erie I'd consols Missouri, Kansas &
Texas, the Northern Paci1ics and some of the
Texas s. Pacifcs. Prices are generally
higher, but the gains in many cases are
for only small fractions. Never before
in the history of the stock exchange
was the market so active as for time to-day.
The total reported sales for the first half
hour were 159 00) shares and for the hour
$500 Between 10 and II o'clock the re-
ported sales were 420, 5UU SHARES. These are
figures taken from the Official report. 1t is
certain that the actual business was materially
larger, as it was absolutely impossible to
obtain reports from all transactions. The
market continued active throughout most of
the day and the total sales were among the
largest on record, TIA 200 shares. They were
slightly exceeded one day last week. The
reported sales on single day several years
ago were little over 100000 shares.
ST. PAUL CONTINUES TO LEAD
with sales to-day of 107,S00 shares. Seven
other stocks Western Union, Missouri, KAN
sas s. Texas, Northern Pacific preferred,
Northwestern, Oregon Transcontnental, Lake
Shore and Pacific MAIL contributed 100000
shares. The remaining $4,000 shares, Or a
good average days business. were well dis
tributed among ninety-eight different issues.
The London quotations this morning were
again higher and the market opened on the
New York exchange with intense excitement
at q to IS per cent. above the closing figures
last evening, Louisville s. Nashville, St.
Paul, Pacific Mail, Northern Pacific preferred
and Reading making gains of % to IS per
cent. The movement of prices during the
day was unusually irregular. Although the
general tendency was strong during the early
dealings there were notable eXcep-
tons in which very little, if any,
gains were made. Prominent for their
advance were Pacific Mail and New Jersey
Central. each of which rose 2ac per cent.
Missouri Pacific gained IA, Missouri, Kansas
q Texas rs, Manhattan Consolidated IL,
Western Union, ST. Paul. Denver Rio GranGe
and Oregon Navigation each per cent. New
York Central and Erie preferred established
their highest quotations at the opening, and
Erie common, Union Pacific, Lake Shore,
Reading and Oregon Transcontinental, and
the Wabash made advances of only
small fractions. After midday the market
became weak, followed later by a moderate
rally, and again lower later in the afternoon.
The afternoon decline followed rumors of
failure of the trunk lines to complete their
pooling arrangements. The closing prices,
compared with those of yesterday present a
VERY IRREGULAR APPEARANCE,
Pacific Mais howS net advance of per
cent, New Jersey Central 13s, Missouri, Kan
sas & Texas 15a, Denver Rio Grande is
down "a, Wabash preferred 2I, Lake Shore
is down 1$s and Erie, New York Central and
Michigan Central, Union Pacific and Omaha
common fractional amounts. Indianapolis,
Bloomington & Western, Lake Erie, New
York s. New England and st. Paul & Duluth
all were prominent for their activity. The
advances, however. were in a great measure
lost in the afternoon in most cases. 1t is es-
timated that $15,000,000 of so-called wildcat
securities have been sold to the public through
Wall street during the past thirty days. Jay
Gould says that he has advised his friends
not to buy any stocks, as the present move
ment is a speculative craze that must end in
disaster, there being nothing in the situation
to warrant the high prices that have been
made during the past ten days.
The total sales of stocks to-day were ia, 200
shares, including Canada Southern, 1918;
Delaware, Lackawanna & Western, 2S.270;
Delaware s. Hudson, 6,459; Denver Il Rio
Grande. 4,740; Erie, 81 900; Kansas & Texas,
5,O95; Lake Shore, 81, S00 Louisville Nash
vile, 9,4OO; Lake Erie & Western, 1920; Mis-
souri, Pacific, 1925; Northwestern, 39,100;
New Jersey Central, "a, 1856; New York Central,
10000; Northern Pacific, 81 400; Pacific Mail,
40, 1874; Reading, 1850; st. Paul, lU7, $50;
Texas Pacific, 23,917; Union Pacific, 22,2a3;
Western Union, 62,3S0; Northern Pacific pre-
ferred, 4,025; Oregon Transcontinental,3S IS, 06S.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: :
Sat- Mon Tues Wed.