St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-25
FIN ANCIAL.
New York:

| Special to the Globe.
NEW YORK, Nov. 24.-The opening in
the stock market was largely influenced by
London quotations, which were from a to
II points higher than last nights closing.
Brokers were, moreover, in receipt of heavy
buying orders from London at an advance
above yesterdays closing prices. The re-
suit of all this, coupled with a general
change in sentiment in favor of the bull
side, caused a strong opening and good
advance in most of the speculative fancies.
Early in the day it was reported that Mr..
Armour had bought line of st. Paul
around "a. and was disposed to support the
stock against further raids. On this
report there was good buying
of this stock, and parties who
sold yesterday covered at loss. The
Vanderbilt stock was again advanced. 1t
was believed that the injunction case
against the New York Central was stock
jobbing affair. and later. when it was an
nounced that the West Shore had been sold
and the transaction finally closed, there was
an appreciation in values of all the Van
derbilt properties. The Southwestern
stocks held well up, though Kansas 81
Texas was at one time allowed to drop to
35. The parties in this stock have the deal
so completely in hand that drop of 1 or 3
points is of little significance. At the de-
cline Hollis Sc Co. were again buyers.
Points were out predicting 40 for Kansas q
Texas this week. Indiana. Bloomington d
Western was another of the low-prlced
stocks which knowing ones said was booked
for big advance. At noon the general
market was active and very strong, sales
to noon being 273, 564 shares. After the
announcement of the purchase of West
Shore by Morgan, Depew s. Green in the
interest of the New Y ork Central, there
was grand rush of stocks to cover, under
which the entire market was carried up
about point, the Vanderbilts leading in the
advance st. Louis and San Francisco was
doomed for all it was worth, the first pre-
ferred stock advancing points and the
common about points. The whole market
was very strong The financial statement
of the Erie company for the year ending
June 80 showed deficit of 81. 376, 943.
Money was quoted at per cent just be-
fore the close the entire market improved,
everything recorded.a sharp advance and
closed with a boom.
NEW YORK. Nov. Achievement bonds
were dull and steady to-day. State bonds
were quiet and steady. The sales of railroad
bonds amounted to So, 439, 500, a consider
able falling off from that for a week past.
Erie I'd consols show sales of S1045,000, at an
advance of 2 per cent. Atlantic IL Pacific in
comes show gain of q per cent, with sales
of S31O,O00. There was very decided change
in the tone of the stock markets to-day. Con-
sidering the amount of hammering that was
done yesterday the market exhibited great
deal of strength, but closed with net loss of
y to p per cent, while to-day'S market es-
tablished advances of from l to over
- - hat
protracted meeting of some of
the leading bankers and operators
who have been conspicuous in the advances
of the past three months was held last night,
and that it was then decided to give the mar
ket such support as might be found neces-
sary to insure substantial check to the de-
cline of the past few days. Nearly every
thing on the active list was strong at the
opening, first prices showing advances from
small fractions to over per cent, and with
the exception of moderate reaction during
the first hour, the movement was persistently
upward all day. The Vanderbilts exhibited
the or test strength; Lake Shore made a
gain of ~ per cent, with sales of 10000
shares. New York Central and Michigan
Central are up 33s per cent. each. Later in
the afternoon it was announced that the
WEST SHORE HAD BEEN SOLD
at Newburgh to Mr.. J. p Morgan. This was
the signal for a further decided advance in
NEW 1OEh CSutfdI duu Idho odCu VI
which rose over per cent. in the last hour
on very heavy transactions. The rest Of the
active list responded promptly and the mar
ket closed active and strong. st. Paul led the
list in the amount of business done, the sales
aggregating 101 ,345 shares, during which the
price rose per cent. and closed at q lower,
at 9T3s. Dispatches from Chicago were Cir
culated stating that there was active buying
of the stock there again, and that the promise
was made that the bears should not be allowed
to raid it again as they did yesterday. North
western, with only one-fourth the business
done in st. Paul, is up ~; Manitoba and
Omaha common also show gains of ~ each.
Missouri, Kansas & Texas was very ac-
tive and closed with an advance of ITO per
cent. Pacific Mail is up ~, Union Pacific,
Ere and Delaware s. Hudson 21s each, and
Northern Pacific preferred and Oregon Rail
way s. Navigation each 2N. The other gains
were generally for more than l and less than
2 per cent. In a single day the market has
regained all that it lost since Friday evening.
The total s ales of stocks to-day were 649, 1856
shares including: Canada Southern, 1880;
Delaware, Lackawanna g. Western, 31,700;
Erie, 8, 109; Kansas s. Texas, 81, 1856; Lake
Shore, 9,001; Louisville & Nashville. 1895;
Northwestern, 25,010; New Jersey Central,
9,430; New York Central, 40,790; Northern
Pacific. b. 713; Pacific Mail, 1896; St. Paul,
101, 345; Texas Pacific. 1860; Union Pacific,
1920; Western Union, 27,095: Northern
Pacific preferred 2S.S15; Oregon Transconti-
mental, 12,76S.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
dav and the three precndinr huliDass DAYS.