St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-07
Western Associated Press.

Western Associated Press.
NEW YoRW, Feb. Recommendation
with an advance Of 4 per cent. in quotations for
coupons AS and per cents. Other Issues are
unchanged.
Stale Securities-Dull.
stocks-The reaction In the stock market yes
terday afternoon, as predicted, proved only
ephcmeral. Prices at the opering board this
morning were generally AGH per cent. higher
than they closed the day before, ard during the
forenoon substantial advances made in
most Of the list. Shortly after midday the bears
made vigorous attack upon the general market,
and At the same time iooded the street with
rumors, among them the statement hat London
was actively engaged in selling American stocks,
that New York Gent al had Withdrawn from the
railroad pool ani that the long talked OF issue OF
additional Lake Shore bonds was 10 take place at
an early day. The market, however, absorbed
all stock offered without yielding more than
faction. and gave such convincing evidence Of
strong undertone that the bears were forced 10
abandon the fight, after having added materially
to their short accents as soon as tAe pressure
was removed. The market advanced o. moder-
ate purchases and closed finally with "bOOm"
for coal stocks while the remainder OF the mar
ket was strong with one or two exceptions.
There continues to be an active borrowing de-
mand for Delaware, LackSwannR Il Western az
l-3sGS-64 per cent, and New York Central
loaned to day At lisa per cent. aud Er ie seconds
new at i-Ss per cent The business to-day was
not widely different from that Of yesterday. the
total sAes being 255, SIS shsses. Of waica s3,500
shares were for DeiswaTe. LackawsRna 6
Western, Chicago, Milwaukee & ST. Paul 2e.si5
and New Jersey Central q. 200 shares, and leav-
ing less than $4,000 for the rest Of the list.
The remarkable advance in New jersey Central.
from s4S 10 =, gave rise to the renewal OF
rumors circulated al Different times this winter.
70 the effect that Baltimore ( Ohio had or was
about 70 secure control % the majority Of stock
In the company. There was also talk to-day
about New Jersey Central passing unier the
management Of the Pennsylvania railroad or
Dc aware & Hudson Canal company. New Jer
sey Central stock sold At s1al Nonday. At
sst, Delaware. Lackawanna & Western touched
the highest price it has reached since the heavy
break following the liquidation Of the 5. '.
White pool, and closed to day within i per cent.
OF tRe highest prise aud ! per cent higher than
yesterday Delaware & Hudsoa Is Up "a per
cent. a. ~. Erie = per ceHt. az i2S. New
York Central and Chicago. Milwaukee s ST. Paul
each !. per cent. az SSa aud Tsa respectively,
snd nesrly al other. on tue active list smaller
fractions. aud Unsoa Pacific conspicuous Tor its
weakness, on the statement from Washingtoa
that the sixty year "a ding oil will be defeated
Il closed \ per cent lover at ssT Persons on
the inside say here l. something gong on n
connection VITA the Mis>oari eseidc. which i
kept q profound secret. SHi which Is sxpec ed
10 cone 70 The ssrfaSe withsn the next ten days,
and which Is expected TO sarse coEs.derzble Ad-
vance in tae price q stock IL i = per cent.
higher to-day at ssk- There Vas large bust
ness done to-day in Eric seconds nev, ard trad
in II other issSes vas pre- y vel distributed.
szt purchases we're fsr snail AMOUNTS o. al
sssciai deaiAl OF some q the raa3rs GaoGt yes
se-sAv. prices were generally higher. Eris
seconds usw opened \ per esat- higher at sax
and advanced in the assernooa to - \. eiosing Il
ssz- The ssveus Coaso dated Gola we're also
IA per eeEt hisaer AZ .i3z- There w.s n ad-
v.nse 0e per ss0t IN Richmond : D4nvlie
dsszntzrss ssxes 70 SEX. and per c-rt IA
Hsasson Texss Central seeoa1 nsia ii7e % =.
While TIE Srs. western dsvisioa a1ehaz-s red at 50.
TasFs vas also Aavsaes 81 ! per es.E- II 81