St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-09
New York:

INV L Ohhs 1tONs nv AS"peAS W S,-~
early market in stocks to-day was sharp
break in ST. Paul, after strong opening,
on the report that the Missouri Pacific had
given notice of withdrawal from the Council
Bluffs Omaha pool, owing to the refusal OF
the st. Paul to report its dressed beef from
Council Bluffs at tariff. The speedy
breaking up of all of the West
ern pools was predicted, and large
lines of st. Paul & Granger stocks were
thrown on the market. breaking prices from
one to two points in this class of securities.
Later in the day the story was officially de-
MED by the commissioner of the pool. and
inside advices were made public to the effect
that st. Paul earnings for the first
week of November would increase over
$500 and Northwestern for the
same period over 100000. The Changers
advanced on these reports, ruling dull the
greater part of the day. The settlement of
trunk line affairs and final signing of the
articles of agreement served to strengthen
the trunk lines. Lake Shore re-
corded a good advance. The Lon
don market was reported very strong,
and English houses were large buyers OF
American securities. Louisville q Nash
vile was advanced 1 4 points and it was
given out that pool had been formed in
the stock and that the price would be put
above so. The trunk line stocks held the
advance Swell. Commissioner Fink
was quoted as saying that the
agreement entered into among the trunk
lines was simply contract to regulate and
maintain tariff. Not a word was said in
the agreement about the pools. The prin-
cipal feature was that all lines should act in
body in maintaining and making
rates. From another source it
was learned that all lines, with the eXcep-
ton of the Lehigh Valley, had agreed that
all questions arising under this contract
shall be decided by arbitration. The trunk
lines shall discontinue any tariff agreement
with any Of their connections
which shall decline or fail
to maintain the established tariff,
and no agent or officer of any roads shall
agreed joint tariffs The practical settle
agreement was a source of strength for the
whole market.
NEW YORK, Nov. 7.-Government bonds
dull and steady. State bonds dull and heavy.
The dealings in railway bonds were again dis
tributed over large list of securities, but the
transactions in most cases were for very
small amounts and were not as large in the
afternoon as usual. The total sales were
So, 021,000. There was increased trading in
the Erie second consols with sales of Sl,291,-
600. Prices closed irregular, but generally
higher. The Northern Pacific Railroad COM
pany has asked the Stock exchange to list
$20,000,000 of it's second mortgage per cent
bonds, due 1888. The Columbus, Hooking
Valley & Toledo company applies for the list
ing of 13, S35 shares of its stock in addition to
the amount already listed. The total sales OF
%r,4 aIr
against S22, 1924, coo last week. The London
quotations for the leading American securi-
ties indicated a very decided change in the
English market, and the figures were accom-
panied by the statement that American Sc
curitieS were in great demand. The market
here responded by opening from "A to %
higher, Lake Shore leading. This display of
strength, however, was very short-lived and
in the next twenty minutes there was de-
cline of % to l Il per cent. This was followed
by partial recovery in the forenoon
but this market, for considerable time, coll
tinued feverish, irregular and active. Prices
in the afternoon were comparatively steady.
but firm on small fluctuations until late in
the afternoon, when some of the most active
stocks developed renewed strength, which
was most conspicuous in the final dealing,
the market closing at or not much below the
highest figures of the day, and with gains of
1904 per cent, except for few OF the
most active stocks, which advanced from Ia
276 per cent. The most prominent feature
of the market was the great activity and
strength in Lake Shore, the total sales amount
ing to 95, 100 shares. St. Paul and Louisville
& Nashville Jointly contributed as much
more, and the remainder of the days bust
ness, 273, 600 shares, was pretty widely dis
tributed. Lake Shore opened at 845s, the
next sale was SIS and from that it
broke in a few minutes to 81, but
rallied in the forenoon to s55s
later it sold up to S6s4 and closed q lower,
with net gain of 27s per cent. The advance
was uuaccompanied by any important news
having tendency to influence the value of
the stock but the statement comes from
semi-official sources that the scheme which
has been discussed in Wall street for some
time past, by which all the Vanderbilt lines
west of Buffalo and terminating at that city
will be operated upon a plan somewhat SIM
liar TO that by which the Pennsylvania COM
pany now operates its lines west of Pitts
burg, will be carried out. New York Central
is 81 higher than it closed yesterday, with re-
markable strength. accompanied by unusual
activity in Louisville e. Nashville, showing a
gain of 4 at the opening at 1874, from which
it advanced in the morning to 46A, and
after yielding to 451a, sold again IN
the forenoon to 1873, in the afternoon it ad-
vanced to 4Sa and closed % lower. with net
gain of 25s. Northwestern was remarkably
steady in the forenoon. between 1111s@111A.
price, gain of q per cent. St. Paul showed
more feverishness and after selling at $50
95A at the opening yielded quickly to $50,
but rallied in the forenoon to 94s4 and in the
last hour sold at 951a, at which it closed,
gain of q per cent. Union Pacific sold in
the morning from 5S3s down to 573s, and in
the final rally touched 591s closing "A lower
with an advance of IL. Western Union is
up only e after fluctuations of ~ per cent.
Michigan Central is up IL, Lackawanna l,
Canada Southern %. 1t is said that
some of the bank officers are growing
uneasy on account of the class of
securities that are being offered BIZ operators
and that loans are daily rejected on account
of the poor securities rendered. The changes
in quotations this evening from those of a
week ago are generally unimportant, and the
advance and declines are pretty nearly
equally divided amongst the active stocks.
The greatest advance was st. Paul 554,
Union Pacific 4, Lake Shore and Louisville
Nashville 2k The declines in no case
amounted to as much as per cent. except
Missouri Pacific, which is down 25s. The
sales for the week were 2,56T,000 shares, an
increase over last week of 10000 shares.
The total sales of stocks to-day we're 464, 757
shares, including Canada Southern, 5,075;
Central Pacific. 1859; Delaware, Lackawanna
s. Western. 1920; Ere, 21,92S; Kansas &
Texas, 10.505; Lake Shore, 95, los; Louisville
& Nashville, 1850; Northwestern, 1880;
New Jersey Central, 20.5l5; New York Cen
trail, II, 100: Reading. 1920; St. Paul, 81, 121 ;
Union Pacific. sc, $50; Western Union. %, 740
Northern Pacific preferred, IL, 1858; Oregon
Transcontinental, 9,S15.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days: