St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-08

600. 1t is said that an important gain has
been made on West Shore negotiation by the
abandonment of all opposition to the
scheme by Western parties. The feature of
to-days stock market has been the remark
able strength developed this afternoon in the
Gould stocks. The market this forenoon was
very dull and in the first hour weak,
the decline in that time, as compared
with the closing prices last evening,
ranging from Il to Is per cent, with
Lackawanna down IL per cent. After IL
O'Clock the dizziness became intense, but
prices rallied small fraction. 1t was little
after midday that new life was infused into
the dealings in Western Union. The street
was literally supplied with rumors, all tend
ing TO show that an understanding had been
reached between the Western Union and the
Baltimore Ohio telegraph companies by
which they were to operate in harmony as
two-1ate companies or under one consolidated
management, or, in other words, that the
Western Union had secured control of the
Baltimore II Ohio. 1t is known that the Bal
timore g. Ohio lines were offered TO the West
ern Union some sixty days ago, and that the
terms were not accepted. 1t is now sup
gested. however, that negotiations have since
led to better results. Western Union rose in
the afternoon from G914 TO - and closed X
lower, Il net advance of 25s per cent, the
sales for the day being very large-S3,20O
shares. The bulls in New Jersey Central
claim that one of the considerations offered
to the Baltimore & Ohio managers for the
surrender of their telegraph company is n
through railroad from Philadelphia 10 New
York, which IL claims Mr.. Gould Is
able 10 deliver by the purchase of New
Jersey Central stock. The stock was dull
all day, but rose ia per cent. from this
mornings decline and closed on reaction in
the last half hour with net gain of - per
cent. There was Il sale of LOO shares of
Missouri Pacific between 10 and o'clock,
during which the price rose from % 10 9254.
In the last hour on Il number OF small trans
actions il rose TO 81 and closed at that price,
an advance of per cent. There was no spe-
cial reason given for this upward movement.
Union Pacific and Lake Shore are up per
cent. and New York Central shows a gain of
IS per cent. Other gains are for fractional
amounts, but almost everything is higher.
Pacific Mail is, however, an exception, but
the sales were limited to $50 shares. The
strength in the afternoon was accom-
panied by increased activity in the
stocks mentioned, but the rest of the
list was very dull and practically featureless.
Tomorrow viii be observed as legal holiday.
The week on the exchange closes this even
ing. Prices now rs compared with the clos
ing quotations last Saturday are AZ per cent.
higher for New Jersey Central, 3s4 for West
ern Union, 254 for Reading and , for Louis
vile Nashville and Missouri Pacific each,
while Lackawanna is down 214 per cent. The
sales for the five days last week were t,400
shares. The sales OF stocks to-day were St4,Slu
shares, including Delaware, Lackawanua &
Western, 81. 420: Kansas 4 Texas, 9,235; Lake
Shore 1852; Louisville & Nashville. $500;
Missouri Pacific, 1890: Northwestern, IL. AZ;
New Jersey Central, $500; New York Cen
tral, 1900; st. Paul, $1,000; Texas Pacific,
25,S02; Union Pacific, HISS; Western Union,
S3,2l2; Northern Pacific preferred, $500;
Oregon Transcontinental, l., 265.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid ycster-
day and the three preceding days: