St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-29
FINANCIAL.
New York.

Spec1al TO the GLOBE.
NEW YORK, Nov. 2S.-The stock mar
ket opened weak in response to lower Lon
don quotations and heavy selling by the
bears. Early in the day drive was made
at Kansas and Texas, Sayin & Johnes
offering it down in an attempt to
break the market. The market,
however, absorbed all the offerings and adj
vanced on early sellers. The Changers
were given a good rally from yesterdays
decline, ST. Paul selling up to 96c and
Northwestern to 1870. 1t was stated that
an attempt had been made to settle the
New York Central injunction case. but
later advices said the negotiations in this
direction had been unsuccessful, and that
the matter would be called up this morning
in court, when the injunction would likely
be vacated. The Vanderbilts were strong
under these influences. The Northern Pa
cities were treated to rally, and
for time looked strong. The entire mar
ket improved from the opening. Trans
actions. however, were small, sales to noon
aggregating only 1872, 2S1 shares. After the
early advance the market was particularly
dull. 1t was reported that the stock
exchange would adjourn on Tuesday,
on the occasion of the funeral Of Vice
President Hendricks, and brokers were
generally inclined to let the market alone.
Prices were, on the whole, we'll maintained,
but there was no disposition to bull or bear
anything.
STOCK AND BOND MARKET.
NEW YORK, Nov. 2S.-Governmcnt bonds
were dull and strong to-day. State bonds
were fairly active and steady. There was
well-distributed business in railway bonds,
but generally in small amounts, and the total
sales foot up only So, 791 900. The only issues
that could be called at all active were Erie
IDS and in the morning squirt of activity IN
East Tennessee bonds, IS, and St. Louis q San
Francisco general mortgages. The result OF
the days operations is on an advance in most
cases for fractional amounts. The bond
market in activity has sympathized this week
with the stock market and sales nave
amounted to S17,35S,000 against 32,3OO,0Oo
last week. the market especially for the in
vestment issues, however, has exhibited con-
tinued strength throughout the week. Dull
ness, accompanied by strong UNDERGONE
was the prevailing feature of to-days STOCK
market. The sales were only 100000 shares.
The largest business was done in ST. Paui'
Northern Pacific preferred, Missouri,
Kansas s. Texas and oregon
Transcontinental. Prices were somewhat
irregular at the opening, ranging between an
advance of 80 and decline OF an equal
amount with exceptional weakness IN one or
two stocks. In the early dealings there was
further fractional decline in some cases,
but the lowest prices of the day were made
either at the opening or during the first half
hour, during which also one-fourth of the
days business was done. This was followed
by rally of u to over l per cent, accom-
panied by limited trading, the highest prices
of the day being reached in most cases shortly
before midday or early in the afternoon. A
small decline, which eliminated by O'Clock,
was succeeded by a firm tone. Final trans
actions were made generally with slight re-
actions from best prices and the market
closed heavily. The exceptions to the general
rule were in Northern Pacific, Oregon Trans
continental and Oregon Navigation, which
reached the highest figures late in the DAY
The more active stocks show advances this
evening, as compared with yesterday, OF q to
"a, while there were exceptional gains OF 10
IL per cent Northern Pacific preferred
showed an advance of ~, and Oregon Nav1-
CATION 13s, while Northern Pacific common,
and Richmond g. West Point are up each.
The declines included such stocks as Indian
apolis, Bloomington & Western rs, Texas q
Pacific and Missouri, Kansas Texas rs,
Reading and Manhattan common IA, LOUIS
vile g. Nashville and Delaware & Hudson
each IA. 1t was stated that the strength in
Northern Pacific preferred was due to report
that land sales already made and under
negotiation have been sufficient to retire
nearly So. COO, 600 of the preferred stock. The
rally in the forenoon was led Dy Ine Vanoer-
bits and succeeded report that the New
York Central and Syracuse parties who have
sought to prevent the company from
leasing the West Shore had made
private settlement. Nothing definite is
regard to the matter Or proceedings before
court in Syracuse to-day was known before
close of exchange. Total sales for five busi-
ness days Of week were 2,664,560. The lowest
prices were generally made on Monday and
the highest on Tuesday and Wednesday, the
active stocks being about equally divided be-
tween small advances and equally small de-
clines.
The total sales of stocks to-day were 800 ,247
shares, including: Delaware, Lackawanna
Western, 10,56S; Erie, $3.50; Kansas &Texas,
26,245; Lake Shore. 1885; Northwestern,
s.125; New Jersey Central, 1850; New York
Central, S,Sl5; Northern Pacific, 1857;
Pacific Mail, 1000; St. Paul, 35,473; Texas
Pacific, 13, ITO; Union Pacific, 6, 100; Western
Union, 15625: Northern Pacific preferred,
%, 81; Oregon Trauscontinental, 1887.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: