St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-12

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poets for business as the hauling Of the biz
crops assured. Western Union behaved
slngularly, opening & lower, selling down
10 I04 and then rallying to Il again. The
early weakness was caused by the denial Of
President Garrett that the Baltimore *
ONO telegraph lines are to be leased 10 the
Western Union. 1t looks a. though the
BOOM in telegraph has less foundation TO
build upon than any other property in the
list 1t was wired from Wall street that
the way TO make money now was
NOT TO KNOW TOO MUCH.
but to fall in with the current and ''go il
blind" The Vanderbilt party are all the
time talking of higher prices, and MIR.
Gould continues as non-committal and mys-
ferrous as ever. 1t appears that one party
is realizing heavily in stocks at these prices
and that another is buying them for a fur
ther rise. London brokers will not let their
customers buy many American securities at
these figures, thinking that every day VIII
be the top and many on this side
of the water think the same way.
Denver Il Rio Grande made a squirt To -
and Omaha preferred 10 s5L. Central Pa
citic also gained q point or more. After the
morning fever had subsidized the market
came to a standstill and prices We're dun
OF the session before any weak spots were
visible and near the finish they We're crop
ping out all round. The boom seemed TO
have lost its edge in the final dealings
Telegraph looked tired. The VanderbiltS
were heavy and there was considerable
realizing all along the line. The bull lead
erS claim that this is simply a healthy re-
action and will be followed later in the
week 10y higher market than ever. The
ST. Paul earnings for the first week of Aug
ust decreased about SO. OO0. The market
closed weak with stocks at about the lowest
notch for the day. The final quotation on
Illinois Central is eX-dividend 4 per cent.
NEW YORK. Aug. u.-Government bonds
have been strong for all except ~ per cents.
which were heavy. there was only a moderate
business. State bonds have received some
attention, and quotations are generally
steady. The railroad bond market has been
active and strong The total sales we're
S-.lO5. O00. Erie IDS consols contributing SG.6.-
OO0 and West Shore lists $50. zoo. leaving
Sl,l09,C0O for the remainder OF the list. The
stock market was weak AZ the opening OF tine
exchange this morning, led by Western Union.
which broke or the statement published by
the president Of the Baltimore * Ohio TO the
effect that there was no truth in the reported
negotiations for "A working arrangement or
consolidation between that company and the
Western Union. This was soon followed. how
ever 10y reaction, on which Western Union.
Lake Shore and the Changers took the lead.
The highest prices OF the day were. with few
exceptions. made in the forenoon. but the
gains over yesterdays best figures were for
only small fractions in some eases and moth
ing in others. Prices began 20 yield shortly
before midday. and the market continued
moderately active and weak throughout the
afternoon. Some stocks yielded slowly. but
without reaction. until the last hour. when
they became comparatively stendy ard con-
unued 80 until near the close. while others were
persistently weak 10 the end. In the last hour
New York Central, which had sold down from
IS 10 9754, was decidedly feverish. breaking
quickly to 963+, from which it rallied TO
ssl4. sold AT 96ls ana back TO 81, at which IL
closed The prominent exceptions 10 the
general rule were Lackawauna. Delaware &
Hudson and New Jersey Central Early in
the afternoon, when the general list was
slowly declining, the stocks mentioned be-
came active and strong. and there was mani
testify determined effort to stop the break
by supporting those which were the only
weak stocks yesterday. Between noon and Il
little after l O'Clock New Jersey Central rose
from Asa 10 80, Lackawanna from
9s1s to 90. and Delaware 4 Hud-
son from 500 10 si1S, the highest prices
OF the day in each case. The support vas,
however, OF no avail upon the rest OF the
list. and on the last hour the stocks mentioned
Joined in the downward movement. shortly
before the close there was a reaction of = TO
"a per cent. in many of the active stocks. but
the slight ggtins were lost. in many cases on
the final sales and the market closed barely
steady AT rs near the lowest quotations of the
day Tor most OF the list Northwestern dis
played some resistance 10 the downward
movement in the last hour and closed 3 per
cent. above its lowest figure. while the coal
stock are also b 10 = higher than their lowest
OF theday- Western Union was especially
weak is the afternoon and closed with Al net
loss of "a per cent. Ii i said the recent ad-
vance in the Fort Worth 4 Denver securities
was an effort 70 pick up the stock for the pur-
poses on securing control. Union Pacific was
decidedly weak IN the afternoon. and closed
with a loss OF - per cent The Northern Pa
cific's were dull and heavy. and Oregon Trans
continental more active and weak. losing =
per cent Other changes are for small frac-
tons but nearly every thing on the list il lower
The total sales were 3,3sS.959 shares. an in
crease over the four hours yesterday of g. 200
shares.
The total sales of stocks to-day were S3s. $50
shares. including Delaware. Lackawanna &
Western. +5.70S: Denver & Rio Grande. $3.50:
Erie. le.3G0; Kansas s. Texas. 1880: Lake
Shore. 3d. i9: Louisville < Nashville. lI.S10:
Northwestern. 2j.u22: New Jersey Central
20.f0e; New York Central. s.1Sa; Pacific
Nail $500; Il. Paul. 81. 126; Texas Pacific,
5000; Western Clion. 5l.Os5: Northern
Pacific, pfd 4,9II; Oregon Transconunental,
9.2l0.
The Mail and Express says this was the
dulles day for months in mining shares. Up
TO z. IN. only one sale was reported. which
was Tor Sutro Tunnel at l.. Petroleum has
been quiet, with declining tendency. After
opening AT sSszc and selling AT 9s7 &C. IL slowly
declined with only slight reactions until late
in the day. sold ar ss1sc and closed at CSC bid.
Sales. 3. $4,000 bbls.
QUOTATIONS. or STOCKS AND RONDS.
Following are the closing prices bid yesrer-
day and the three preceding days:
Thur. Fri Mon. Tues.
T-,ftaa Sta+os - rDose. toS-yi ras-r. 1907