St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-23

like the old negro preacher, TO hold a meet
ing, that is, put up prices whether or no. n
Meantime, those in the ring had better be
content to look on rather than try to GET
! on. After the sensation power of the Union
Pacific movement had died to some extent.
and prices were slowly dwindling away. a
fresh stock, jersey Central, came into the
! foreground, and by phenomenal rise OF
| three points in an hour turned the tide up
ward. The Changers were
PARTICULARLY STRONG,
and Mr.. Armour says that ST. Paul stock
bought under so will show 10 points gain
within thirty days. BY main strength the
stock was lifted 10 81 during the forenoon.
| Northwestern ran its nose nearly against
par. but did not seem TO have power to get
over that bar. Lake Shore followed suit
and went up to 90. The rise in jersey
Central was quite sudden and mysterious.
although it was wired that deal was on
| the program which would include the Bal
timore IL Ohio, Reading and jersey Central
in one united phalanX against the mena-
cling encroachments of Vanderbilt and the
Pennsylvania Central. President Roberts
and +. b. Gowen have been sent for in
Europe to come home at once. The much
talked-of trunk-line settlement still hangs
fire and many begin 10 have strong sus-
picions that there is more smoke than
fire in the whole business. The West
Shore bonds were prominent securing an
advance of . per cent. The market was
quiet and firm in the late dealings. The
bulls appeared to control matters without
any special effort, and there was no pres
sure of stocks from any quarter. The pub
he Is evidently taking much mterestin af-
fairs IN Wall street, and its orders are alto
gether on the buying side
NEW YORK, July 2s.-Government bonds
have been dull, but quotations firm. State
bonds have been neglected. Railway bonds
were again very active, but the principal
business was confined, as usual, 10 trading in
two securities, the sale OF West Shore lists
being S2,066,0O0, and of Erie end consols
81 233, 600, leaving 81 262 600 for the remainder
of the list. There was a more decided ad-
vance in West Shore lists to-day than has been
noted for some time past, and the bonds sold
higher than ut any time before in many
months. West Shore opened this morn
ing ut 4l5z and sold two or three
times during the day ut IL. but most OF the
transactions were made between that price
and 43, the closing quotations being 4354, an
advance of per cent. Erie I'd consols rose
in the forenoon from 591S 10 COS and were
about steady in the afternoon within Il small
fraction of go, closing at COS, an advance of
only Is per cent. Many other stocks are
higher. The most prominent feature of to-
days stock market has been the great adj
vance in Jersey Central, with Philadelphia &
Reading following as second best. The gen.
eral market was moderately active, the sales
being 366,ss4 shares, a'decrease from yester-
day of 1890, and Jersey Central was the
third
MOST ACTIVE STOCK
or the list. 1t opened = per cent higher at
+O15 and rose during the forenoon to a, but
yielded again to 435E, the transactions being
generally in small lots of from 100 to 800
shares. In the afternoon the stock was dull
but strong until = o'clock. when il had ad-
vanced to 49,. In the next half hour il rose
To 45, and between that time and o'clock
jumped to Az and closed ut than price, there
being Il difference AT times of as much as y
per cent. between two consecutive quota
tons. The advance rs compared with last
evening is 2IZ per cent, with sales of only
3l.i75 shares. During the same time Read
ing rose AZ per cent. to 1917,
and closed q lower, with sales of
only $500 shares. The only reasons assigned
for the sudden advance in the price OF Jersey
Central was that il was being bought gener-
ally for account of the Baltimore s. Ohio rail-
road, which having failed TO induce the Jer-
sey Central officials To ratify the Baltimore x
Ohio agreement with Reading for through
New York connection, suddenly determined
TO secure controlling interest in the stock
of the Jersey Central and another which
found few believers that purchases were be-
L.
who found it necessary TO increase his hold
ing OF stock to carry out the agreement al
legged TO have been made or about TO be made
between the New York Central and the Penn
sylvania railways.
THE ADVANCE
i'm Reading was also ascribed TO buying for
Mr.. Vanderbilt, reports 10 this effect pur-
porting to come from Philadelphia, being dis
tributed on the streets. The other notably
strong stocks were Pullman Palace Car.
which gained per cent, l per cent. of which
was subsequently lost, and Michigan Central.
which closed with net advance of IL, the
Changers Western Union and Lake Shore.
Western Union reached its highest point late
i'm the afternoon and closed, alter reaction
of u per cent, Mt Co.'S, "A net advance of
IL. ST. Paul also shows a net advance of
IL, after decline OF from the highest
price of the day, and Northwestern is up
per cent. ST. Paul contributed 81, 600 shares
To the days business and there were sales of
"a 400 shares of Union Pacific, which, how
ever, is up only =, ut sos, after selling near
the opening at SOS and later at 49,. New
York Central is up * and Lake Shore lI4.
Both reached their highest prices before noon
and were comparatively steady i'm the after
noon, closing within Is of the highest quota
lions reached.
The total sales to-day were 366.594 shares,
including Delaware, Lackawanna * Western
%, $50 shares, Denver & Rio Grande 1900,
Erie $500, Kansas & Texas ll.660 Lake Shore
2a.460. Louisville Il Nashville $50. Michigan
Central 1926, Missouri Pacific 4.345. North
western III, 199, New Jersey Central 81, s75, New
York Central II, 345, Reading, 40. $50, ST. Paul
57,GO5, Texas Pacific 1900, Union Pacific
5i,420, Western Union 23.6s5, Northern Pa
cifici preferred 1901, Oregon Transcont-
mental S,2iO.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding days: