St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-03

NEW YORK, Nov. 2.-Governments were
dull and strong. State bonds very dull and
heavy. In the railway bond market Erie sec
| ond consOls were comparatively quiet, the
entire sales amounting to only S627.000.
There was considerable activity, especially in
the afternoon, in Texas s. Pacific issues, and
q good business in the Atlantic Pacifc's
and in the East Tennessees, Virginia Il Geor-
giaS most of the day. The stock market was
feverish, active and irregular at the open
| ing. First prices varied from small decline
to an advance of q per cent. over Saturdays
closing figures, Lackawanna, Union racine
and Reading being the most prominent for
| the gains established, while Missouri Paclhc
| and New York Central were weak.
| The market was extremely active in the early
! dealings, but the total sales for the Gay ag-
! gregate 5S2, 600 shares, about the same as on
| Saturday. OF this amount seven stocks con-
tributed nearly $4,000 shares, the stocks re-
ferred to being Lake Shore, Western Union.
| Missouri, Kansas & Texas, Northern Pacific
preferred, Erie. st. Paul and Reading, in the
order named while the market was more or
| less irregular. During the forenoon the gen.
eral tendency for q time was upward, FOL
lowed by reaction, in which the early gains
were lost, and then another strong market,
that, with irregular and moderate fuctua-
lions, continued till nearly 2 o'clock, the
gains by that time ranging from fractions
to over 2 per cent; however, there
WeF0 IL SOOu cAScptlOuS W
this rule. The strong stocks included
Western Union, Missouri Kansas TIE Xas,
Pacific MAIL ST. Paul. Omaha, Northern Pac-
ific preferred, Oregon TranScontinental, Can
ada Southern, Canadian Pacific, Lake Shore
and Lackawanna. New Central was promi-
nent for its comparative weakness, and this
was true of Northwestern, Jersey Central.
Reading and Missouri Pacific. Erie and Lack
awanna touched their highest quotations be-
fore midday. The announcement that the
Pennsylvania railroad had declared divi-
dend of only per cent. instead OF the usual
8 per cent, was the signal for a selling move
ment that continued till the close OF the
board, the deliveries at times being quite
rapid, especially for Western Union, which
fell l per cent. in the last three-quar-
tiers of an hour. The market closed irregular
and decidedly feverish, with only changes Of
small fractions in most cases from Saturday
evenings final figures. The greatest losses
were in Missouri Pacific. Central of New Jer-
sey, Manitoba and New York Central, the de-
clines being from q to p. Western Union,
Reading and Louisville g. Nashville are down
a each. St. Paul closed with a net gain OF
TX, Omaha common IA, Canadian Pacific,
Oregon Transcontinental and Canada South
ern each 81, and others small fractions. The
strength of Western Union during the greater
part of the day was aided by reports that
pooling agreement between the Western I'm
ion and Postal Telegraph companies was
likely to be made at an early GATE. Erie
closed 1Sc higher than Saturday. 1t under
stood that the Pacific Mail Steamship COM
pany will withdraw its Australian line at
once its contract with the colonies having
expired to-day. 1t is said that London syn
dlcate has recently purchased 100000 shares
of Union Pacific for shipment abroad.
The total sales Of stocks to-day were ISL,
93S shares, including Canada Southern,
5000; Delaware, Lackawanna & Western,
10, S25; Erie, IS, 5S5; Kansas & Texas, 1891;
Lake Shore. 57,4s0; Louisville s. Nashville,
s. 100; New Jersey Central, mo; New York
Central. II, $780, Northwestern, IA, $50; North
ern Pacific, 11,485; Pacific Mail, 26,700;
Reading, 80, 10; St. Paul, IS, 100; St. Paul s.
Omaha. 1880; Texas Pacific. 22,350; Union
Pacific, 1906; Western Union, So, $40; North
ern Pacific preferred, $4,000; Oregon Trans
continental, 19,S05.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: