St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-12
The close strong, and bull points were out
on about everything for tomorrow.

NEW YORK, Nov. 1.-Government bonds
closed dull and steady. State bonds quiet
and heavy. There was increased activity in
Erie I'd consols to-day, closing ut an advance
of 65s per cent. 1t was said that the Erie
directors had decided to pay the December
coupon on these bonds, but its published de-
NAL later had no effect upon the prices. The
total sales of issues amounted to $3,S7l,OOO,
and the business was fairly we'll distributed.
After Erie the largest trading was in Atlantic
& Pacific and Chesapeake u Ohio and Fort
Worth s. Denver lists. The bonds last men
toned were very strong and closed Win net
gain of IL per cent. The Atlantic Pacific
incomes closed with a loss of Is per cent. The
Chesapeake g. Ohio issues were very strong,
the IS series coupon closing IA and the Curry
IS per cent higher. The Chesapeake, Ohio
& Southwestern bonds are up per cent.
Houston s. Texas Eds rose IA, Indianap-
oils, Decatur & Springfield lists and the same
ex-funded coupon, Milwaukee, Lake Shore,
and Western lists 81, Northern Pacific lists
coupon Off ~, Western Pacific rs IA per
cent. One of the most prominent features OF
the market continues to be extreme activity
and apparent strength in few stocks to the
neglect of the rest of the list. An analysis Of
transactions from day to day discloses the
fact that this activity is not confined to few
issues but that two or three stocks will be
TAKEN IN HAND
and worked up or per cent for others. To-
day Erie contributed $4,000 shares of the
days business, against IL 800 shares yester-
day, and three stocks-Erie, st. Paul, and
Lake Shore-furnished 900 shares, against
900 shares yesterday. The total sales to-
day were 561, 642 shares, an increase of 100000
shares over yesterday. The range was about
"a per cent, and at noon quotations were
only shade above opening in most cases,
while for a few stocks they were lower. A
decided upward movement, which continued
throughout the afternoon, began shortly
after midday. 1t cannot be said that the
rumorS current affected prices, rs the rumorS
came after the advances had been eStab-
lshed and were doubtless the outgrowth OF
the sudden movement upward. The street
was told that Erie common rose per cent.
in the afternoon because one of the coupons
on the second consols would probably be paid
next month, and even this,
wHEN INVESTIGATED,
proved to be still a matter of uncertainty.
Official action was taken. With sales little
less than 100. 900 shares, the stock rose to and
closed at 2479. St. Paul was also strong and
closed II lower, with net advance OF IA.
The Vanderbilts exhibited decided strength,
but did not move up as rapidly as the others.
Lake Shore is rs higher, and New York Cen
tral is up q per cent. Manitoba advanced
2s4, and the other stocks that made net gain
of only per cent. are Union Pacific, Louis
vile g. Nashville, Missouri Pacific, and
Northern Pacific preferred. But there is not
q stock on the active list that does not show
some gains.
The total sales of stocks to-day were SCI, 642
shares, including Canada Southern, 4,S25;
Delaware, Lackawarna s. Western, 9,S72;
Erie 96,9O5; Kansas s. Texas, S,420; Lake
Shore, 63,250; Louisville & Nashville, %, sos;
Northwestern, 22,0SS; New Jersey Central,
1866; New York Central, IS, 52S; Ohio & Mis-
sissippi, 2225; Pacific Mail, H. $40; Reading,
16 400; St. Paul. 1917 Union Pacific, 40.640;
Western Union. 30,0S5; Northern Pacific pre-
ferred, 1920; Oregon Transcontinental, $685.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: