St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-27
Western Associated Press.

| Nestern Associated Press.
New YORK, Feb. disbursements firm.
with an advance of 4 per cent. in per cents.
State Securites-Rather weaker in moderate
business.
Stocks-The market has been feverish and
irregular, but with tefdency toward lower quo
tations. It is generally understood that two Of
the most prominent bull and bear houses re-
Gently changed positions. Leading brokers who for
months past have been earnest advocates of the
idea that the condition of the country was slowly
| improving, and that the time would arrive when
the effect of that improvement should maintain
itself IN Wall street quotations, recently took
the position that the rise IN prices since the be-
ginning Of the year has been fully as great az
circumstances would warrant, and for the past
week they have been talking about u healthy re
action, claiming the market ought to sell off at
least to per cent. They say, however, that
some prominent bears have become interested
for time in the long side of stocks, and the
after were no. yet ready for decline. This
view of the present condition OF affairs in Wall
street has many advocates, and trading, aside
from the manipulation going on, they say is
limited. Nevertheless, the otal sales continue
large, the transactions to-day amounting 10
$40, 535 shares, but Of to-day's business three
stocks contributed over 46 per cent, Delaware,
Lackawanna 81 Western 20, l65, Chicago, Milwau-
kee & ST. Paul 81, $50, and Chicago & North
western 1850 shares. At the opening prices
were L4z per cent. lower than they closed last
evening, and in the early dealings there was a
further decline OF !. per cent. This was followed
by a reaction in which the early losses were re =
covered, and at the end OF the first hour in most
cases quotations were higher than the opening
figures. Although the market did not move
regularly, the tendency OF prices was downward
for the next two hours, and the lowest prices of
the day were made before O'Clock. This was
followed by reaction, which carried quotations
to the highest figures OF the day for the most
active stocks. the extreme advances being
reached in many cases about p. M. In less
than an hour portion OF the advance was again
lost but the market finally closed steady to
strong, with prices generally hG5s per cent.
lower than last evening. There was great ex-
element in the Chicago, Milwaukee Il St Paul
crowd at the opening, on one side OF which stock
was selling at 1874 and at the same time brokers
were taking il at - Oh the opposite side. 1t
rapidly sold down to 73i4, and continued weak
and active at 73%a73si on report that the
brokers had undertaken to sell terminal bonds Of
the company, but had not been successful. The
subsequently denied, and on the afternoon rally
the stock TO uched "a, but sold again at 1874 aud
closed at 1855. decline OF a per cent. Chicago
s Northwestern, although y per cent, lower at
the opening at 95ts did not sell below those
figures, and on large transactions wss strong
nearly all day, selling in the afternoon at 81 y
In the last hour however, it fell to and closed at
96ii, a net gain OF i per cent. There was very
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Western during the forenoon, and on wide auctu-
atoms the stock opened $ per cent. lower at
1034. declined to 1854, rallied to 1O3 "a. and
then sold down 10 iO1Ls before midday. At the
same time that sold at IO3S regular. sales
were made seller 90 days at i0l. Ignoring the
general course Of the market, the price began to
move upward shortly before noon, and with very
slight reactions continued TO advance until it
reached lO4l. in the last hour, and then broke 70
i03s. and rallied to lO4S, the highest price Of
the day, and closed at lO44, loss Of 4 per
cent. Delaware s Hudson canal sold as high as
ssIi and closed at sOL ex. dividend. New
Jersey Central IS per cent. lower al 3sai on
light sales. New York Central at 94I shows
a loss OF = per cent. and Lake Shore is = per
cent lower. Unlon Pacific 3 per cent. Western
Union Telegraph and Louisville & Nashville J.
fractions Railroad bonds are less active than
for several days past, the total sales an ounting
10 only 81 OO6 600 falling of from yesterday Of
over 100000. Prices were somewhat Irregular.
but in the majority Of cases sold higher. OF
speculative issues Erie suds new were less active
than yesterday and declined from 57yi to 56Z.
rallied TO and closed at 57A. lost Of Z. per
cent. In West Shore bonds there was only a
n-,-o- Tr-rr1-o--,ar. ,-..-.l
unchanged a; 50 AID declined per cent. to 20.
Houston & Texas Central lists main line coupon
or droppen per cent. to sisi. and ends main
line per cent. to % Toledo & Wabash eon.ol
eonvertioles are also down per cent to 81. The
largest advances were in Minnesota 8 81. Louis
lists. which rose per cent. to 1879, Ohio
southern incomes per cent. 10 2gsS. and lists
IL per cent to 90. Keokuk & Des Moiaes lists
are II per cent higher st I07, AID New YORK
Central extension - I = per cent. At l07. There
were several Caieago. Milwaukee s ST. PAaI
issues traded in and prices remain steady. except
for Southwestern division So. which is per cent.
lover at nos -. Louis & Iron Mountain IS
gained l per cent 81 81. Nickel Plate lists
opened At e0E. rose 70 % and closed with gain
Of s per cent ~ siS- Only slight changes
were made in the prices OF ChicaEo & North
western bonds. az5 Louisville & Nashville issues
we're generally a shade higher Lehigh &
Wukesbarre consUl assessed bonds gained per
cent. selling s; par. and Chesapeake 3 Ohio lists
series A 20 Ia per cent to iC4a, while series
B a. IS and currency s. a. sst are unchanged.
The Transactions aggregated $4,000 shares.
Delaware, Lackawznua Western 5000.
NiSSozri. Kxasas 3 Texas $1,000, Lake shore
s. 600. Louisville & Nashville 5000 Chicago &
Northwestern @s.0o0. New YORK Central 1900.
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