St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-19
end of the present manipulated and ficti-

NEW YORK. Aug. iS-Government bonds
are duh but strong. State bonds have been
very quiet and quotations steady. There was
about the usual amount OF business in rail-
way bonds, the sales aggregating s., $4,000.
of which Erie DDS consols contributed
SL974, 600, West Shore lists $4,000 and
Texas Pacific, Rio Grande division 6s $685.
600, leaving 100, 600 for the rest of the list.
The Erie I'd consols were prominent Tor
their weakness, in sympathy with the market,
fiuctuating considerably and closing at loss
of 215 per cent. There was heavy realiz-
ing at the opening of the stock exchange this
morning, accompanied by very large transac-
tons, the sales in the first fifteen minutes
amounting 10 about $4,000 shares During
the first hour the sales were over $4,000
shares. or two-thirds of an average days bus
mess OF late. At the same time the market
was very feverish. irregular and generally
weak. The opening prices were unchanged
for the Changers and Union Pacific and from
u TO IS4 per cont. lower for other active
shares, the greatest decline being in Louis
vile a Nashville. but New York Central was
down Is, Oregon TranscOntinentals -, and Mis-
souri,, Kansas a Texas Is per cent. Western
Union and Lackawanna we're exceptions by
showing
AN ADVANCE
of x per cent. in the first prices. Within a
little more than thirty minutes after the open
ing, however, Union Pacific further declined
= per cent. TO 491{. which was the lowest quo
tation of the day for that stock; Western
Union fell per cent to G91s. Lake Shore rs
per cent. TO 1895, New Jersey Central Ia per
cent. TO 4g54. Louisville & Nashville per cent.
TO 4612, ST. Paul , per cent TO 1874. New
York Central per cent. TO l002s, and Lackil-
wanna 2is per cent. ol95s. The break came
without any special warning. Later il Was re
ported that the decline in Louisville X Nash
vile was due to n settlement last night with a
party who was heavily short OF the stock. but
81 nrsflsap N 81 al
prices not much below yesterday evening"
closing quotations. Some OF these were soon
reached, which increased the selling orders
and led to the further break as noted After
ii O'Clock the market became somewhat more
quiet, and in the next two hours the early
losses were in many respects recovered aud
something more, the highest prices of the DAY
being frequently made during this time. Pa
cific Mail was prominent for its strength. sell
ing up 10 -. The market again became
heavy later in the day and in the last hour
DECIDEDLY WEAK
In the majority of cases the lowest prices
OF the day were made shortly before the close
of the board. Jersey Central, in last hour,
declining i &c, Pacific Mail, Lackawanna and
New York Central each lc, and other stocks
fractional amounts, The final dealings were
accompanied by renewed fcVerishness. q diff
ference in some cases OF as much as = per
cent. being made in sales of active stock.
There were in many cases n slight rally from
lowest prices on the early dealings, but the
market closed weak with a net loss
of 25s per cent, the latter for Reading, but
Jersey Central and Louisville & Nashville are
each down pa ST. Paul and Lackawanna each
20, Delaware & Hudson 21s, New York Cen
tral and Missouri, Kansas a. Texas l each,
Lake Shore and Northern Pacific preferred
each rs, Northwestern u and Union Pacific
and Omaha preferred each l. Among the
comparatively active stocks which resisted
the pressure most successfully were Pacific
Mail and Oregon Transcontinental, each
showing loss OF only -. Western Union is
down only %. The total sales were 4S4, $50
shares, the most active stocks being st.
Paul, Lake Shore, Lackawanna, Western
Union, Union Pacific. Oregon Transcontinen-
tai and Louisville 81 Nashville in the order
named. with sales from 5l,l00 down TO
81, 900 each.
The total sales of stocks to-day amounted
TO 4S4, 756 shares, including Central Pacific,
1850; Delaware, Lackawanna x Western,
A. lis; Lake Shore, $4,000; Louisville x Nash
vile, 81, 025; Northwestern, 1850; New Jer-
sey Central. 9, 10; New York Central, 1887
Northern Pacific. 5, 40; Northern Pacific pre-
fered, 1857; Ontario & Western, 5000; Pa
cihc Mail, 10000; Reading, 10000; St. Paul,
81, $50; St. Paul Il Omaha, l2,525; Union Pa
cific, Sis; Western Union, 30051; Oregon
Transcontinental, 25,405.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: