St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-14

American for the past three days were 81, $50
centals. American refrigerated beef is
quoted at SID for hind quarters and 5ld for
fore quarters per ID.
THIRD NATIONAL BANK,
Corner THIRD and Robert streets.
CAPITAL s5oSooo.
WALTER MANN. RICHARD E. SLOWER,
President Cashier.
FINANCIAL.
New York:
Special to the Globe.
NEW YORK, Nov. 13.-The break in the
stock market yesterday brought out large
number of buying orders at the opening to-
day. The result was development of
some strength early, though later the mar
ket eased off. most of the active stocks ex-
hbiting decided weakness. The point was
made, however that confidence in values
was so well established that any reaction
must be brief. Members of the Vanderbilt
party are quoted as saying that with little
reaction the market would go ten points
higher. Mr.. Newcomb said that the gen
eral public was in the market, and that no
operator could tell how things would go.
The strongest stocks to-day were Kan
SaS & Texas. Minneapolis & st. Louis
and Erie. 1t was stated that pool
had been formed to put Kansas d Texas to
35, but it was noticed that whenever the
price went above 80 there was plenty Of
stock for sale. The clique in Minneapolis
& st. Louis bid up prices sharply without
selling much stock. The speculation in
Erie was good and prices had sharp adj
vance, declining later in the day. A big
pool. it was said, was formed by the Worm
sers in Ohio & Mississippi, and this stock
was given good lift. The general mar
ket, however. was rather heavy, prices be-
ing kept from breaking sharply by the
strength in three or four stocks. The total
sales to noon were $50. 952 shares. The
market improved towards the close, the ad-
vance being well distributed through
out the list. A good deal of
the early selling was by room
traders, who unloaded on the announcement
OF terrific fire in Galveston. which had it
was alleged consumed nearly the whole
city. Some of the stocks which have shown
little activity for long time were taken
Island was put up to 1913 from 1858, and
the entire list developed decided strength
towards the close. The most sensational
1SoluiO VI eiiO 10y Wdo OH d0fduSO Va o/S
points in Minneapolis preferred and ~
points in Rock Island. These stocks have
been comparatively inactive for some time.
The entire list was carried up towards the
close, the latest prices being about the
best for the day.
NEW YORK, Nov. 13.-Government bonds
were dull and steady; state bonds dull and
heavy. The railroad bond market was again
very active, the sales being over $4,000, 600,
and the business was distributed among a
large number Of issues. Erie I'd consols con-
tributed 81, 023,S00 Most of the issues show
advances. The stock market was again very
active. The sales foot up to 656, 400 shares.
Erie common continues 10 head the list in the
amount OF business done, the sales to-day be-
ing 81, lUO shares The stocks next in order
are Missouri, Kansas & Texas with sales of
$1,000 shares, St. Paul $4,000 and Reading
45,SO0. There was also GOOD trading in Lake
Shore, Lackawanna. Northern Pacific pre-
ferred and Pacific Mail. The market was
strong at the opening and extremely active
during the first hour, when there was an adj
vance of "a to overl per cent. followed by less
activity until midday. The early gains were
lost between Il and l o'clock and in some
cases fractional amounts in addition but
after l o'clock the market again became
strong and so continued until late in the aft
ernoon. In the last half hour business was
again very active and prices were more or
less feverish and irregular, in which condi-
ton it closed in some cases at the best figures
of the day, but in many others at a to u per
cent. below the highest quotation. Tue neted
result OF the days operations is an advance
ranging from fraction to over per cent.
The four stocks mention which contributed so
large a percentage of the days business
gained from l to ~ per cent. The weak
stocks were Missouri Pacific and Western,
each of which closed with loss of IA and
Union Pacific, Louisville g. Nashville. Lacka-
to IS per cent. higher. st. Paul made a net
advance of II. With
ENORMOUS TRADING
Erie Eds opened higher and closed q lower;
preferred. with sales of 1900 shares, shows a
gain of 81. Lake Shore after opening at
S714 touched SS5 in the morning, but was
heavy later, selling down to S714, from which
it rallied in the last hour to $685. and closed at
that price, an advance of IL. New York
Central is up ouly "a. The heavy trading in
Reading was accompanied by an advance OF
1sS from the opening price and lh from the
closing quotation yesterday, and it closed to-
day at the best figures. A prominent feature
of the dealing was the trading in Pa
cifc Mail, which rose from 5SsS
at the close yesterday, and 55sA at the open-
ing this morning to so. The statement comes
from Official sources that this company is at
present earning at the rate of 10 per cent.
per annum on its stock. Missouri, Kansas &
TEXTS sold up to 3014, and closed q lower,
with a net gain of l per cent. 1t is claimed
by the friends of the company that it is earn
ing as much beyond its fixed charges as Union
Pacific. Northern Pacific preferred rose to
and closed at 50$s, an advance of "a. Oregon
Transcontinental is up l, and Oregon Naviga-
ton 70. Rock Island shows q net gain of 354
at 1891. after selling at $780, The low
lcf0 Qft finn Oft
CONSPICUOUS AMONG WHICH
were to-day Minneapolis & St. Louis, both
common and preferred. The common rose
from 1914 to rs, and closed 20 lower, with a
net advance of 15a, while the preferred rose
from 1917 to and closed at 1913, an advance of
~ from last previous sales. Columbus.
Hooking Valley & Toledo opened at 351s, sold
up to 43, and closed at AZ. Nickel Plate CON-
mon opened at 94A and advanced. while the
preferred advanced from 1873 to 201a, and
closed at 21L. There was further advance
in Michigan Central from II TO 1898. closing st
70. 1t is said that the company has just sold
the remainder of its land grants, realizing
from such sales over Slt.000.0 900.
The total sales of stocks to-day were 659. Ala
shares, including Canada Southern, 12,37O;
Delaware, Lackawanna s. Western, 24,930;
Err 9T,09S; Kansas Il Texas, 56.978; Lake
Shore, 35,32S; Louisville & Nashville, 9,976;
Michigan Central. 1900; Northwestern, 49,
$40; New Jersey Central, $3.50; New York
Central, II, $40; Northern Pacific, 7,7I5; Ohio
& Mississippi, 27.440; Pacific Mail, 26,S75:
Reading, 45,s15; St. Paul s. Omaha, 1885;
Texas Pacific, 10000; Union Pacific, 1880;
Western Union. 90, 745; Northern Pacific pre-
ferred, 3s,O4S; Oregon Transcontinental, To-
070.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days:
Tines Wed Thur Fri