St. Paul daily globe., 1885-11-28

nouncement that the Judge at Syracuse,
before whom the case was tried,
had refused to vacate the recent
injunction preventing the consolidation of
the New York Central and the West Shore
roads. 1t was stated that Drexel, Morgan
& Co. would in few days advertise the
refundng of the past-due coupons on Erie
seconds and the payment of the December
coupons. Northwestern earnings for the
third week of November increased SIT 900.
The course of the market after
the early decline was about steady.
On the official announcement that
the Northwestern dividend on common
would be per cent, that stock
dropped to 1925, from which point it rail-
lied. st. Paul and Vanderbilt stocks ruled
weak all day. the bearish influence in the
case of Vanderbilts being the failure to va
cate the injunction against the New York
Central. Old operators, however, regarded
the break on this account as unwarranted
and predicted sharp rally from the preva-
lent low price.
NEW YORK, Nov. 27.-Government bonds
were dull and steady to-day. State bonds
were quiet and steady. Railway bonds were
decidedly less active and generally steady TO
strong. Total sales were S2,625000 and
lut safes Vi hT1c ~sHu COnSOlS only SoO@,
Stocks were weak and universally dull, sales
amounting only to 40l.2l7 shares. The most
active stocks were st, Paul. Missouri, Kansas
& Texas Lake Shore, Northwestern, Texas &
Pacific, Lackawanua and Oregon Transcon-
tinental. which furnished over 80 per cent. of
the days business. At the opening prices
were irregular, but the first quotations
showed in most cases advances of 1905 per
cent, generally about the best of the day.
There was a decline in the forenoon of
1aGI$l, in which the Vanderbilts
led, followed by dull and steady
market for q time, and renewed
weakness later in the day that was checked
shortly before o'clock in an upward turn
which was given to the final dealings, result
ing in the closing quotations being from 1s to
p above the lowest figures reached. The
market closed barely steady. The only ac-
tiVity worthy of note was in the early part Of
the first hour and later in the afternoon. The
weakness in the Vanderbilts after midday
was traceabe to the circulation OF dispatches
respecting an effort on the part of the New
York Central to secure the vacation of the
injunction restraining the company from
leasing the West Shore and
GUARANTEEING THE BONDS
of the latter company. This and the declara-
ton of semi-annual dividend by the Chicago
Northwestern company of per cent. on
the common and quarterly dividend of Ia
on the preferred stock, and dividend of per
cent. on the preferred stock of the Chicago,
St. Paul, Minneapolis Il Omaha furnished
about all the important news of the day. Nine
railroads. eight of which report earnings for
the third week of November and one for the
second, show an increase in the earnings
ranging between small amounts and S71, 800
for the Northwestern company, except the
Louisville & Nashville, which shows decrease
of S23 500 as compared with the
corresponding week last year. The
rOy,% nj
erratic, and the stories in circulation regard
ing the property conflicting. 1t closed with a
net loss of l per cent. Lackawanna is off
IL: Reading, H; Delaware Hudson is up
a, eX. dividend of ~ per cent. The
net loss in Lake Shore was q and in New
York Central IA per cent. The Changers
were decidedly weak. St. Paul lost IA per
cent. net. and Northwestern 15a per cent
Union Pacific is down p; Oregon Railway Il
Navigation 1$a; Erie, Pacific Mail, Texas
& Pacific, and Northern Pacific, common,
each l per cent; Northern Pacific preferred
rs; Omaha common IL; Oregon Trans
continental, 154; Canada Southern, 11s; and
& Texas was prominent for its
strength, selling up to 371s, and clos
ing unchanged l per cent lower.
The total sales of stocks to-day were 401 ,217
shares, including: Delaware, Lackawanna &
Western, 20, 600; Erie. 1850; Kansas & Texas,
~, $50; Lake Shore, $4,000; Louisville & Nash
vile, IL, 120: Northwest, %, 600; New Jersey
Central, 1875; New York Central, IL, 100;
Northern Pacific, $3.50; Pacific Mail, 10,315;
st. Paul, 55.265; Texas Pacific, 22.605; Union
Pacific, $50; Western Union, 16, 600; North
ern Pacific preferred, Is, $50; Oregon Trans
continental, 21,455.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: