St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-10
FINANCIAL.
New York:

Special to the Globe.
NEW YORK, Nov. 9.-The opening in
the stock market exhibits little change
from Saturdays close. The early gossip,
however, was all Oh the bull side. 1t was
reported that the Rothschilds of Paris had
recently purchased so, 900 shares of the
various American stocks, and London was
also reported heavy buyer on settlement
of trunk line affairs. Conservative Oper-
ators, however, advised taking profits, and
some large operators put OUT line OF
stocks in anticipation of break.
The market was held steady early in
the day with the exception OF a few
specialties, which the bulls took hold Of
and advanced Union Pacific, Louisville
q Nashville and Erie preferred were doomed
by the cliques in respective stocks. Gould
and his following were credited with being
under Union Pacific. Brokers in st. Paul said
that insiders were borrowing good deal of
stock, supposed to be against realizing
sales. Vanderbilt was again reported buy
ing Lake Shore and an officer of that road
was quoted as saying that the recent reStora-
ton of rates would enable that road to re-
sumo payment Of dividends this winter.
In Western circles the rumOr was current
that syndicate stood ready to buy all OF
this stock which Mr.. Gould wanted to sell.
The tendency of value among the Changers
after the first hour was one Of weakness.
the market selling off from 19@M of a
point. During the latter part of the day
the bears raided everything on the list, and
under heavy realizing prices broke from
o. points. The weakest stocks, appar-
emily, were Western Union, st. Paul and
Lake Shore.
NEW YORK, Nov. 9.-Government bonds
dull and steady. State bonds dull and heavy.
Railroad bonds continue active. The total
sales to-day were $3,11S, 900. Prices were
generally lower. Stock market was very ac-
tive this forenoon, and prices for some OF the
most active stocks quite feveriSh and lrregu-
lar. In the afternoon it drifted to decided
dizziness, especially when efforts were made
to check the tendency to lower quotations,
which was prominent feature of the after
Moons operations. The total sales OF the day
were 492, It's shares, but 19l, 500 were contrib
uted by three stocks. ST. Paul, Lake Shore
and Union Pacific, the sales in each case
being between 10000 and $4,000 shares.
There was comparatively active
business in Louisville & Nashville, moderate
trade in New York Central and Western
Union and limited business in the rest of
the list. At the opening the first prices were
irregular, ranging between decline of a
and an advance of "a, but in the early deal
ings there was general decline followed by
a reaction, during which, in many cases, the
highest prices of the day were made, while
in others opening quotations were the best
For time after midday the market was
steady and then developed increased activity,
but during the last hour the fluctuations
were within very narrow limits and quota
tons were about steady until near the close,
when they yielded small fractions and
the market closed heavy. The special feature
I, r%,,1 ,rtI ~,
Union Pacific. The stock opened with an
advance of % at 1928 and in the forenoon rose
to 615s, later yielding to 604, rallied to 81,
sold again at go and closed at 601s, an ad-
vance of IL per cent. New Jersey Central,
Delaware & Hudson, Louisville Il Nashville,
Michigan Central and Manitoba all show gains
of small fractions. 1t is said that the recent
strength displayed in Louisville & Nashville
has been due to the granting of permanent
Injunction restraining the city council of
Louisville from guaranteeing 1000, 900 bonds
to aid in the construction OF competing par
allel line between Louisville and Danville.
Ky The rest of the market is from Z@1A
lower. st. Paul and Western Union show the
heaviest net declines. Lake Shore was very
active in the forenoon, selling from S6% to
$50 back to S615, and again at SO before mid
day In the afternoon it fell, and closed with
net loss of 15s. New York Central is un-
changed. Lackawanna closed with net loss
of II. Other declines are fractional. The
total sales of stocks were 1927 shares in
Guiding Canada Southern, 400; Central Pa
citic, 1890; Delaware, Lackawanna &
Western, 1856; Erie l6,S40;; Kansas &
Texas, 7,140; Lake Shore, 64,3T0; Louisville
& Nashville, S7,91S; Northwestern, Is, 10;
New Jersey Central, 12.510; New York Cen
trail, 23,479; Pacific Mail, 1850; Reading,
1925; st. Pau l. &C., $50; st. Paul g. Omaha,
$3.50; Texas Pacific, $3.50; Union Pacific,
60, $50; Western Union, 31,430; Northern Pa
cific preferred, 1890; Oregon Transconti-
mental, S,53S.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: