St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-11
MARRETT & POWERS,
GRAIN, PROVISION AND STOCK
BROKERS,
SO7 Jackson Street, ST. Paul.

| NEW YORK, Dec. 0.-Government bonds
were dull and steady to-day. State bonds
were dull and strong. Railway bonds were
dull, except for few issues. The total sales
were So. S2T 900. The Texas & Pacific lists,
Rio Grande division, coupon off, contributed
S767, 900 of the amount. The bonds were 4
| per cent. lower at the opening at "a, and
during the forenoon declined to so. Later
| they remained about steady at fractions
| above that price until during the last hour,
when they rallied to 51s4 and closed at 81, a
net loss of 80. On much smaller business
the Land grants are down 81. The sales of
| Erie 2ds were $32S, 900. with a net loss of g.
! The transactions in West Shore Trust receipts
amounted to S26S, 0G0. Stocks were active
and weak to-day. The tendency from the
opening to the close was downward but the
decline was frequently checked and moderate
reactions followed in each case. The greatest
weakness was developed after midday. and
in the last hour there was a show of consid-
cradle strength. The advances, however,
during the early part of the hour were largely
lost in the final dealings, and the market
closed weak at fractions above the lowest
quotations of the day. The highest prices
were generally at or near the opening. Over
80 per cent. of the days business was in six
stocks, Lacilawanna, Missouri, Kansas &
Texas, st. Paul, Union Pacific, Lake Shore
and Texas Pacific. One of the most consplc-
ness IN Missouri Kansas & Texas and Texas
Pacific, which was attributed to an attack
upon the properties by insiders. Parties
who have returned from trip over the Texas
Pacific report that large sums of money are
necessary to put it in proper condition to
handle the business which it is doing, and it
is intimated that plans of reorganization may
have to be adopted. The "street" is suspi-
cious on account of the large amount of Mis-
souri,, Kansas 81 Texas stock thrown upon the
market Immediately after the return of Mr..
| Conner from Chicago, and it is thought there
is an understanding between him and some
prominent Chicago holders of the stock.
Missouri, Kansas 81 Texas sold down from
3314 to 30$s, and closed 80 lower, with net
LOSS FROM LAST EVENING
of 30 per cent. and Texas & Pacific is ~
lower. The remainder of the active list is Off
1918. The latter is New York Central. Lake
Shore shows decline of II, Canada South
ern ~ per cent. 1t was announced in the
middle Of the day that President Garrett of
the Baltimore & Ohio had resigned from the
board of directors of the New Jersey Central,
but the announcement had little if any effect
upon the price of that stock. 1t shows loss
of 1$s per cent. Reading is down IL. Lack
awanna, after q very feveriSh and active day,
selling between 12S and 1855, closed with a
loss of ~ at 126. Delaware 81 Hudson is also
down l % per cent. Compared with the other
active stocks, st. Paul showed considerable
strength, especially late in the day, resisting
! all efforts to drive the price much below 93s4,
at which it closed at net decline of q per
cent. The report for the first week in Decem-
Der shows an increase in gross earnings of the
company of 800, SIS. Pacific Mail was also well
held and closed with decline of q. Missouri
Pacific is down % on a small business.
The bears have showed a holder front to-day
than for a long time past, and their attacks
have met with less resistance than usual. 1t
has, however, been repeatedly suggested dur
ing the day that the present weakness in GER
tain stocks, which have had the support of
the old bull combinations in the past, is for
the purpose of encouraging a short interest
preparatory to a decided advance. The
street is more than usually puzzled, however,
tonight in regard to the outlook for the i'm
mediate future.
The total sales of stocks to-day were 597, 1914
shares, including: Delaware, Lackawanna Il
Western, 1886; Erie, 2l,S10; Kansas & Texas,
73, $50; Lake Shore, 61,077; Louisville Nash
vile, 1905: Northwestern, 1,4s0; New Jer-
sey Central, $40; New York Central, IL, 100;
Northern Pacific, SAT-; Pacific Mail, 10000;
ST. Paul, 1895: Texas Pacific, 1852: Union
Pacific, 43, $3.50; Western Union, 22, $50; North
ern Pacific preferred. 1886; Oregon Trans
continental, 1859.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days:
MDn We'd T,,aS