St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-02

NEW YORK, Oct. 31.-Government ponds
were dull and strong. State bonds dun ana
irregular. Railroad bonds continue active
with very good demand for the investment
issues. The total sales to-day were $3,S77.OOO,
including S1,272, 900 Erie second consols.
There was some trading in the Wabasha issues
and quotations were steady for all, except the
Cairo division f1ves, which are up AZ, at 81
Acting upon the suggestion of the London
committee, the purchasing committee here
have decided to extend the time dur
ing which bonds may - be ., T. de. dc,
agreement to Nov. IS; holders to the amount
of S13,000,000 out of a total of $l6,OO0,O0O
have already signed the agreement. After
Nov 16 an extra payment OF per cent Will
be required on all bonds deposited. The
sales of railroad bonds for the current week
have amounted to nearly $23, 900, 900, and for
the month closing to-day to over $1050O0,0O0,
against less than $50, 600 for September.
There has been throughout the month an al
most continuous but slow advance In the
price of the so-called "g1lt-edged" invest
ment bonds, and more rapid advance, &C
companied by occasional reactions, but re-
sultng in very material net gains in some OF
the more special active issues Comparing
the closing prices of this evening with those
of yesterday, the stock market has shown de-
cideu strength, but it is seldom that an upward
movement mas D60n accompanied ny al Oquoi
amount of irregularity and feverShness.
There was a strong opening of first prices in
most cases, showing gain OF q to 20 per
cent, and in some instances the opening
prices were the lowest of the day, while in
the others there was a fractional decline.
The lowest prices in some cases were reached
in the early dealings, while other stocks were
dull and heavy until midday. In one or
two cases also the lowest prices were
established in the last hour. After IL o'clock
there was considerable show OF strength IN
the whole list, which was more or less pro-
nounced, up to 2 o'clock. In the last hour
great irreguarity prevailed and during the
latter part of the hour very decided weak
ness in the stocks which had exhibited tn q
greatest strength. The declines in the last
fifteen minutes amounted in some cases to
1@6034 per cent. The result, however, of the
days operations is an advance for almost
everything on the list, and majority of the
most active stocks are over per cent. higher
than last evening. Taking of the most ac-
tive stocks there is a net average gain OF
little over II per cent, the greatest advance
end the largest business being in Lake Shore,
the sales of which were $4,000 shares, while
the net gain is "a per cent. Western Union
contributed GO, $50 shares, Erie 1000 shares
and ST. Paul &c., 800 shares. Erie gained only
%, while Western Union advanced IA and
Lackawanna 15s per cent. Reading was the
only stock whose sales exceeded 10000 shares
made late in the day, when there was quick
break from 1924 to 211a. at which the stock
closed. One of the features OF the day was
the decided advance in the Vanderbilts: Lake
Shore gained a. as stated, and New York
Central Ia. The Gould stocks were also
prominent, for the advance made as well as
renewed activity. Lackawanna shows net
gain of 176 Union Pacific % and Missouri
Pacific IL per cent. The dealings in the
Northern Pacific and their associates attracted
much attention. Oregon Navigation in the
last hour sold as high as 10054, par being the
price at which the option was given by the
Oregon Trancontinental company, which ex-
pired to-day. In the final dealings there was
a sudden break without sales from 1907 to
99I, but a quick rally to par. and the
last sale was made at lO0ss a
net gain of 15s per cent. Northern Pacific
common rose % and preferred % per cent.
AT the Farmers Loan and Trust company this
evening it was stated that most of the North
ern Pacific, both common and preferred, have
been been called, while advantage was taken
of the option on very little of the Oregon
Railroad Il Navigation. Oregon Transcond-
mental gained a per cent. activity in low
priced stocks was feature. Chicago, St.
Louis & Pittsburg common is up rs, the pre-
ferred 81. Comparing prices this evening
with those week ago, almost everything on
the active list is higher. The gains range be-
tween small fractions and "A per cent. the
latter in Western Union. St. Paul is up 4;
Missouri Pacific and Oregon Transcontinental
each 3$s; Lackawanna, 25s; Northwestern
216, and others less than q per cent The
sales for the week were z, Ats 800 shares,
against 8, 1896, 700 shares last week. The total
transactions for the month amounted to
IL, 600 shares, the largest business for
any month this year. There is hardly stock
on the list that does not show material ad-
vance. Lackawanna shows a net gain Of
1SA, Delaware s. Hudson 1879, ST. Paul
12$4, Northwestern 115s, Western Union IL q,
Lake Shore ga, Oregon Transcontinental 10,
Northern Pacific preferred IA, New Jersey
Central 63s, Canada Southern 81, New York
Central 81, Union Pacific 55s, Pacific Mail
So, Erie 53S, and others smaller amounts.
The Post in its cotton review says: A good
| business was done in future deliveries. Total
sales of the day amounts to $4,000 bales.
Prices declined continually and closed on
November IL and on balance of the list .01
to .09 lower than yesterday, and
as officially declared, leaving ffvery steady.
The total sales of stocks to-day were $751;
1919 shares, including Canada Southern,
! 5000; Delaware, Lackawanna & Western,
| So $40; Delaware s. Hudson, 1,456; Erie A.
O20; Krnsas s. Texas, 1925; Lake Shore,
s9,2S9 Louisville s. Nashville, ID, $50; Missouri
Pacific, TITO; Northwestern, "a, 700: New Jer-
sey Central, $3.50; New York Central 25.-
900; Northern Pacific, 5,97S; Pacific Mail,
$3.50; Reading, &c, $50; st. Paul, 39,s9S; Texas
Pacific, 10, 120; Union Pacific, 35,035: Western
Union, 0,S20; Northern Pacific preferred,
1850; Oregon Transcontinental, 1875.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester
day and the three preceding business days:
Wed Thur Fri Sat-