St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-08

Central was bull argument, but its effect
was rather more than balanced by the gen.
eral heaviness OF the market. The Wander
bilt stocks, which it was supposed would
be most benefited by the settlement, were
heavy and not inclined to advance above
opening quotations. About the only feature
in the market was squirt of strength in
the coal stocks, influenced by the cold
weather, which was supposed to be good
for the coal business. Lackawanna adj
vanced point and was decidedly the most
active stock in the list. Railroad earnings
were not altogether favorable. Burlington
showed net increase of $160, 900 for Oc-
tober: Louisville & Nashville decreased
$SS, 900 in November, and Union Pacific
decreased over ST., ZOO for October. The
Changers were dull and inactive. In the
last half hour the market broke badly, the
Changers leading in the decline. North
western dropped 4 points in ten minutes.
and the close was generally weak and at
the lowest point of the day.
NEW YORK, Dec. 7.-Government bonds
dull and strong; state bonds very dull, but
firm; railway bonds comparatively dull in the
forenoon, but well distributed business later
in the day. Sales So, $4,000. Sales of Lake
Shore trust receipts over 1000, 900 at gain
of -. Although Wall street was well supplied
with rumors on Saturday regarding the mat
ter it was not known that lease of West Shore
to New York Central was perfected beyond all
future contingency, and that in this respect
adjustment of differences between the trunk
lines had been completely settled. These
facts, however, were known early this morn
ing. There was a slight advance in first
prices. Stocks most directly interested in
the New York Central and West Shore settle
ment, saw their highest prices at the OPEN
ing. In some other cases there were excep-
tons; the highest quotations were made early
in the day. The early dealings were accom-
panied with considerable feverishness and
increased activity compared with last week.
Later the market settled down into more
quiet and steady condition, and so remained
until about o'clock. A persistent raid be-
gan about o'clock, directed
ESPECIALLY AGAINST SOUTHWESTERN.
At that time the stock, selling at Ill, but
on small sales. broke rapidly to 1924, rallied
to ITO, sold at 10954 and closed at ITO. There
was persistent selling of other stocks, espec-
tally St. Paul, the Vanderbilts, Louisville s.
Nashville and Erie, but with downward
movement and slower. The result of the
days operations was net decl ne in North
western of n, st. Paul ~, Lake Shore IL,
New York Central ~, Erie IA, Louisville &
Nashville and Northern Pacific preferred
each 13S. AS rule the market closed at or
within small fraction Of the lowest prices
reached and generally weak. Lackawanna,
Oregon Transcontinental, the G ould South
western and some OF the low-priced fancies
were comparatively strong, the stock first
mentioned closing with a gain of u. Cen
trail Iowa was up ~ and Lake Erie & Western
up 5. The to i. sales were $50, TU0 shares.
The decline in the market was chiefly The re-
suit of an attack by the bears, who remained
dormant some time. The sales included:
Delaware. Lackawanna s. Western, $3.50;
Erie, 2,O21; Kansas & Texas, 1852; Lake
Shore, 26,50O; Northwestern, 9,432; New
York Central, IA, T05; Northern Pacific, 5,670;
Pacific Mail, 5,27O; st. Paul, 1880; Union
Pacific, 10000; Western Union, 1880; North
ern Pacific preferred, 1907; Oregon Trans
continental 26, 1859 shares.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: