St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-27
FINANCIAL.
New York:
Specfg1 IN the Glohe.

New YORK. Dec. 26.-Contrary to the
general expectation, the stock market this
morning was active and dealings were car
ried on with considerable vim during the
opening hour. According to agreement the
exchange did not open until II o'clock, but
during the hour to noon, under an active
buying Of the Vanderbit's, the whole list
steadily advanced. Lake Shore and New
York Central were especially act
i've and the heavy buying of
those stocks attracted much attention.
1t was said that some brokers who had
sold these stocks short on the announce
ment of the death of the late William H.
Vanderbilt. were covering. Up to noon
143, 900 shares had changed hands, The
surprising amount of strength shown by the
Vanderbilts scared the small bears and they
went ashore at lively rate, and in doing
so helped the advance. Little desire to
sell was noted among the strong holders,
and transactions we're confined to
SMALL LOTS,
except during the first hour, when Lake
Shore and Lackawanna were taken in
good-sized blocks. Northwestern advanced
~ on increased earnings and held the adj
vance up to 2 o'clock. Lake Shore jumped
~ on rumors that the next statement
would be favorable. New York Central
went up 1I, but lost Il. Lackawanna
was up ~, Western Union IL, Pacific
Mail advanced ~ Kansas & Texas and
Louisville & Nashville N, and almost
every small stock on the list was lifted
BY the frmness in dividend paying
stocks. The buying continued throughout
the afternoon and the mornings improve
nent was not only maintained but further
increased. The best prices of the day were
current at the close. The advance ranged
from n to ~ per cent. Lake Shore,
Kansas & Texas, Lackawanna, Delaware
& Hudson, Louisville & Nashville, New
York Central, Northwestern, Pacific Mail
and Oregon Navigation were the strongest
stocks. Specialties were firm, some of them
recording sharp advances.
NEW YORK, Dec. 26.-Government bonds
were dull but strong to-day State bonds
were neglected. Railway bonds were moder-
ately active. The total sales were So, 600, 900.
Prices sympathized with the course of the
short market. The total sales for the I'VE
days have amounted to SI1,425,OOO against
$40, IL, 1000 last week. Before the opening of
the stock market reports Of railroad earnings
for the third week in December showed gains
as follows, compared with the corresponding
week last year: Northwestern, S56, 100; Ore
gon Railway and Navigation. ST ,245; Omaha,
$40, 900, whereas decreased earnings had been
anticipated. The stimulus thus given to the
market resulted in an opening for the active
list of q to "a advance over Thursday even
ing's closing figures. which was followed by a
moderated active market for the favorites,
and almost a continuous advance to the close,
the one or two reactions being for
ONLY SMALL FRACTIONS
in each, succeeded by still higher quotations
The bank statement that appeared. at mid
day showed decrease in the reserve of over
81 600, 600, but the sub-treasury gained over
81, 800, 600. including the amount that was
paid for the gold exported on Thursday
The total sales were $4,000. Lake Shore,
Lackawanna Missouri Kansas g. Texas, New
York Central and Northwestern were the ac-
tive stocks and the closing prices tonight
show gains for nearly all the active shares of
l to over per cent. Northwestern and St.
Paul each being up 2ss. Lake Shore, Cana
dian Pacific and Pacific Mail III, Union Pa
cifc and Omaha common q and others less
than 2. The market closed strong at or
within small fractions OF the best figures of
the Gay. The prices this evening compared
with those of week ago show only moderate
changes, frequently only fractional amounts,
but New York Central is up2 per cent, Lake
Shore 25s. and Northwest and st. Paul ~ i.
The total sales for the five days have been
1885, 800 shares, against 8, 128, 100 last week.
The total sales OF stocks to-day were 323, O19
shares, including: Delaware Lackawanna e.
Western, 1880; Erie, IL, 495; Kansas & Texas,
1920; Lake Shore. 60, $50; Louisville & Nash
vile, 3. 1850; Northwestern, 20, 955; New York
Central, 29.162; Pacific Mail, 1886; St. Paul,
1S,477: St. Paul & Omaha, 4,5l5; Union Paci-
fic. 1895; Western Union, 1920; Northern
Pacific preferred, 1850; Oregon Transcon-
tinental, S.425.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: