St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-26

~ AA-AA- GaaNsNNl
WALTER AIANN. RICHARD < SLOWER
President Cashier.
FINANCIAL.
New EOrk.
Special 10 the Globe.
NEW YORK. Aug. 25.-At the stock ex-
change the market opened 5S@L per
cent higher for some properties and ga i
per cent lower FOR others A brisk selling
movement commenced at the tap of the bell.
and prices ran on lively for the FIRST hour.
when the movement was apparently checked
and small rally occurred. and there were
plenty OF stocks for sale at every advance.
W0erishoffer visited Saratoga yesterday.
where a crowd OF spectators are now
stopping. and the whole party turned bears
and sent selling orders into the market.
Still. there is "a very rimid feeling or the
part Of sellers and they dare not venture IN
very deep. The bull leaders say they are
glad 10 see this short selling. as IL makes
better market. Tie little furry IN West
Shore bonds is created bv q desire TO call in
iloating contingent. Deacon White has
conferred with President Adams of the
Union Pacific and is inclined to be buliish
on that stock. There is a rumor that the
company has sold bonds enough lately TO
pay or its floating debt. Many parties are
buying Jersey Central stock with
VIEW To MANIPULATION.
The Baltimore & Ohio now contemplates
going into New York over the Erie termi-
mails. Drexel. Morgan x Co. and 1ir.
Vanderbilt have lately been buying Nickel
Plate bonds. 10 prevent other parties from
foreclosing on the road. The opinion be-
Gins 20 prevail that Mr.. Vanderbilt in buy
ing the West Shore road mas only got an
other elephant on his hands. Northwest
eTn this afternoon went below pan. ana so
did New York Central. bur the lrst named
stock rallied and the latter did not. West
en Union and Lackawanua seemed
10 De well supported. although it
IS predicted thar coal viii be sold
at auction in New York before the
middle Of September. Ii was well
into the last hour before the market stead
led Itself and ii was noticeable chat there
was considerable picking ND ot the better
class OF properties. and there were not
few who believed that the decline was
about ~ an end. The Ontario d Western
people had a meeting to-day, and the com
mon stock. which is Of very doubtful value
anyway. was very much uiiapiGaIed. Some
OF the other feather-WeiElIs. notably Den
Yer. We're in the same boat The market
closed steady, with but little business 10
ing.
NEW YORK. Aug. 25.-Goverumeut bonds
[ have been very dull blt nrru. state bonds
nave been quiet but strong. The railway
bond market was less acrive than the aver
are for some time past sales amounting 20
only el.blb.UJU. OK which West Shore nrsrs
/ contributed S6iS.OOO. Erie second consols
Sto5.HUO. leaving S513 coo for the rest OK the
list Nickel Plate rrsts are down at 80 +.
There were rumors to-day that a tiaw had
been discovered ia the Nickel Plate first mort
sage. but il was stated that the Ohio law
] fOrb.ds Lake shore guaranteeing Nickel
. piage bonds. There was "a uos-ihil-
ity of New York Central Offering
make the guarantee as much rs = per cent.
West Shore lists are down at 4-' llcs~rS.
Drc1Ci. Morgan u Co. gave notice to the stock
I exchange this forenoon thar responsible par
ties who werc unable 10 deliver West Shore
bonds to-day would have the privilege OF
signing an aErcrmcCc 10 deliver them when
eyer rhe bonds should be called Tor. I'm the
general list there are more declines than au-
vanccs. The most marked decline is g per
cent iu Chesapeake * Ohio 6s OF 1911. al as.
/ To-day stock market has been decidedly
more active than yesterday buu there mas
been 4 continuation OF
THE WEAKNESS YESTERDAY
from the opening until near the close. First
prices were generally a little lower than clos
OF near highest quotations reached to-day.
ana there was early developed a decided weak
ness, particularly ina the Dmahas ana North
western. There were numerous reports in
circulation ali tending 10 show that serious
damage had already Been done 70 the corn
crop in the Northwest by the frost. which. IL
was ALLEGED. was severe last night. Later
dispatches said that the frost belt did nor ey-
tend as Tar south rs the Cornneids. but the
contradiction had IT most slight effect upon
until about O'Clock. when the lowest
prices were reached ana the declines ranging
generally from / TO SIS per cent. the latter
tine Onahas. in the last hour the common
recovered = ana The preferred . per cent.
but the common is still 3 "a ard the preferred
- per cent. lower than they cl,s- LIS. even
ing. Northwest did roJ reach IT'S lowest point
until later IN tie div. and in the uEal dealings
it rallied 3. per cent. 5ut closed with a net
loss OF n a Ier cent. ST. Paul was unusually
quiet ana IFS fluctuations were within rlugc
OF H. per cent. OF the hnaI price. which is Is
higher tnan IFS lowest quotation. showing q
decline o. "a per cent Other
HElyY DECLINES
we're in Denver RIO Guldc 0cr cent.
oregon TrauscOuunCn-A and MINNEAPOLIS *
81. Louis. both common and preferred. 4.
Manitoba. Texas Is Pacific. Lake Shore and
western Union uacl a Pacific Maui. Tasou
Pacific. C. %. ~ %. and Northern Pacific COM
mon each q, ana the rest or the lisr smaller
fractions There is not single active stock
that shows any advance Irts claimed TINT
the rise in Northern Pacific was FOR the Dur
pose % assisting tire syndicate IN Gisp0sinu OF
about .yU0.yJO second mOrrEIEc bonds taken
by II some time ago. and tlat rhe prour on the
recent heavy shipments OF tea 20 this country.
which came over the Northern Pacific road
was little or nothing for the reason the Pacific
Mail company cur the ocean rates about 80
per cent. A special dispatch from Ch.Cago
was circulated stating that an agreement had
been made 10y whiCl the Kansas Civ. Spring
lcid 81 Memphis railroad is 20 Ken Coz rer
cent. 81 all the business from Kansas City
and beyond. destined 10 points east OF the
Mississippi river and south OF the Ohio river
the remainder OF the east-bcund business 10
be divided between the Chicago & Alton ana
the Wabash lines.
The total sales OF stocks to-day were 80. COS
shares. including Central Pacinc. 10000. Del
aware. Lackawanua q Western. 25.-sG: Eric
6.l6O:hansaS X Texas. 1.o5j: Lake shore. 8s.-
l=O; Louisville * Nashville. 1855; North
western. 2i,sl2; New Jersey Central. $3.50:
New York Central. &2.-f0: Northern Pacific.
+.l6S: Northern Pacific preferred. S.Osi: Pa
citc Mail. 3.6ss; ~. paul. $500: 81. Paul
Omaha l.ls2; Texas Pacific. also: Union
Pacific 1880; Western Union. 30.6O0; Oregon
TranscCnunenUai. 1000.
QUOTATIONS. OF STOCKS AND BONDS
Following are the closing prices bid vesrer-
day ana the three preceding business days:
RI. SAT. Mon. Tues.