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

western Associated Press.
New YORK, March a-Government bonds
dull, but firm and unchanged.
State Securities-Quiet and steady.
Stocks-At the opening this morning the stock
market was dull and heavy, prices for active
shares showing in most cases decline COM
pared with Saturday afternoons closing quota
tons of Is @2s per cent. After further decline
small fraction of the market rallied and at the
same time became more active, but by midday it
resumed dull and heavy tone, which continued
until after p. m. During the last hour the
previous losses were regained in most cases, and
closing prices this evening generally show a
slight advance as compared with last week.
Parties who until recently have been recognized
for long time past as leaders in the bull opera
tions appear to have lost confidence in the present
prices and say it is folly on the part of the diff
ferent cliques to attempt to hold prices at the
present quotations. and that the manipulators Of
the market who until recently were leaders in
the bear movement are now only killing business,
and if it is their idea TO drive all traders away
from the street they are taking the best course
to do so. Active operators the bull side claim
on the other hand that the old bull following is
seeking to depress business only for the purpose
of loading up again for another advance. 1t is
between these two contending forces that the
market has grown listess and with the general
tendency downward. There was comparatively
large trading in Chicago & Northwestern to-day,
which after opening a shade lower at 94ss and
selling early at 94H, seller days, rose in the
forenoon to 94h and in the last hour sold at 95 "a
and closed at 95H, q gain of "a per cent
Chicago, Milwaukee & St. Paul was less active
but shows an advance of Il per cent. at 725s,
after touching ~ in the morning. There was
much less business than usual in Delaware
Lackawanna & Western, but the stock continues
to show great strength, and in the afternoon the
price rose to 1884 and closed Mt 1885, gain of
Ia the last sale before the close was made at
1909, seller 60 days. The other coal stocks at
tracted little attention and show very light
changes. Union Pacific was weak in the fore
noon declining to 465s, but in the final rally rose
to 472s and closed at that price, net loss Of 4
per cent. Other so-caIled Gould stocks were
dull, and Western Union Telegraph and Man.
haitian Consolidated show no change in closing
prices. There was increased trading, however,
in Missouri Kansas 81 Texas, which rose in the
afternoon to 1S7s and closed at 1874, gain of z
per cent, and Missouri Pacific is 2. per cent.
higher at 91n. Vanderbilt stocks, New York
=
the latter comparatively active, opening at
641s and selling almost Immediately at 81 a. and
the price then rose during the forenoon to 65is,
broke in the afternoon to Ga and closed at
CAS-, loss Of q per cent In point Of activity
it was second only to Chicago s. Northwestern,
with sales of 81, 220 shares. New York Contra
was down L per cent. at e3S, after fuctuating
between 94ls G93ls. Among the inactive stocks
TSle nd -,
omahss each up 4 per cent for common at
20 and preferred at sGA. Pacific Mail was active
in the forenoon and rose to 571:, but fell off to
55l and closed at SOS. The total sales were
only ,6s4 shares, a decrease from Saturdays
business Of over 81, 400 shares. The railroad
bond market has been less active than usual and
prices were irregular. The speculative interest
in Erie ends new subsidized for the day at cost
when it became known that the company was
redeeming coupons due the lst of this month
and amounting TO nearly 100000 The bonds
sold this morning at 56lt, fell later to 56& and
rallied closing at g., decline from Saturday OF
4 per cent. There was more than q usual
amount of trading in New York City & Northern
general mortgage trust certificates. wbich are
per cent higher at SOS, after fluctuations be-
tween 3GJ, G37. New York Central lst coupon
- w per cent II Iof tss oregon ~
Navigation LIST show an equal advance at ITO,
Richmond & Allegheny LIST . per cent at SIS,
Lake Shore Lewiston bonds pa per cent at 1874,
Lake Erie & Western lists L per cent. at s3ai.
and Albany & Susquehsnna consolidated 6s II.
per cent. at III. Union Pacinc sinking funds
gained per cent. at 1I6 ex. interest, and Chess
peake & Ohio LIST series B are up = per cent. st
a.. Other advances are for fractional amounts
and declines are generally less than per cent
The Pennsylvania Company's4si per cents regis
tered, however, show loss OF y. per cent st
97i, after opening at 90. Oregon Transconti-
mental lst y per cent lower at 6s. and Toledo &
Wabash consolidated eonvertibles 3 per cent
at IS. The total sales TO-DAY amounted to
Ss74, 500. decline from Saturdays business of
over Ss50,OOO.
The transactions aggregated $4,000 shares:
Delaware, LSckswsnna s Western $1,000
Lake shore $1,000 Louisville & Nashville
10000. Chicago s Northwestern 1900 New
York Central 1900. Chicago. Milwaukee <
ST. Paul $4,000, Union Pacific 1I,0OO
Quotations OF STOCKS AND BONDS,