St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-24

put up prices by buying long
| stock in the expectation that the outside
| public would come in and take il OFF their
/ hands at handsome profit but so far
| buyers have been unable TO sell as they cal
culated, consequently they are heavily
loaded with high-priced goods and feel I'M
easy. The bulls may be said TO control the
situation. and, though the decline in cereals
means a slow movement in the way OF
freightS. il appeared to have but little effect.
East-bound tonnage for the first time in
months show an increase for the past week.
New YORK, Aug. -. - Government bonds
are duh and firm. State bonds have been
dull, but strong. There was a better bust
ness in railway bonds to-day, the sales
amounting to s.. ESQ coo. of which Erie Eds
contributed S295, 600 and West Shore lists
S52l,0 600. Prices are pretty evenly divided
between advances and declines. Erie I'd con-
soils opened at 6S3s and rapidly declined until
they sold az 65 and then gradually sold up 10
675s, and closed with a net loss OF = per cent.
at 6.2s- West Shores are unchanged. The
total sales OF bonds for the week were Sl5,-
80 600. There was very sharp reaction at
the stock exchange this morning, although
the transactions were limited. Prices opened
Il trifie higher than they closed yester-
day, but room traders soon sold and
support seemed lacking. In the
first half hour prices fen OF from = TO ? per
cent, the leaders of the decline being Lake
Shore. Lackawauna, ST. Paul, Louisville &
Nashville and Northern Pacific preferred. The
decline lasted until about IL 80. when the list
began to rally and soon became strong, aud
grew stronger until the close, when the ma
jority OF stocks were from y 10 214 per cent.
higher than they opened The extreme ad-
Vances from the lowest prices were: Deia-
ware Hudson >, Western Union ard New
York Central each -, Lake Shore rs, North
west and st. Paul each l, Jersey Central 21s,
Lackawanua Is, Louisville X Nashville Ia,
Missouri, Kansas 4 Texas l. Manitoba IL,
Reading IL, Chicago, Burlington & Quincy.
212, Minneapolis X ST. Louis common l. ami
the preferred pa. At the close Pacific Mail
and Erie were = lower, Omaha preferred Is
and the Northern Paciflcs -. All other stocks
on the active list were unchanged or higher.
TIE sIIARPEST ADVANCES
from last evenings closing figures were Della
ware u Hudson rs, Jersey Central 21E, Man
haitian consolidated IA, Reading IL, Chi
cago, burlington Quincy "a, Central Pa
cihc = and Manitoba I5s. The other adj
vances were generally for small fractions.
The traders who were the sellers in the morn
ing were the buyers in The afternoon. There
were but few rumors to-day affecting prices,
and the extreme fluctuations appear to have
been caused by room traders. Jersey Central
made sharp advance of 25s per cont, and
the old rumors Of some party in control of
the property were revived, but nothing Of
ncial could be obtained. The Omahas were
quiet to-day, although the rumors of
consolidation with Northwern were re-
peated. A statement that there were
legal obstacles in the way OF such consolida-
ton was denied by Senator Spooner. formerly
general counsel for the Omaha company The
meeting OF the Northwestern executive com
mittce will be held ut Saratoga next Wcdncs-
day, when ii is said the Omaha matter will be
considered. The total sales for the week were
2,l56, 2jS shares. Prices this evening are gen
orally higher than week ago. Lackawauna
and Chicago Burlington 4 Quincy showing
gains of 81 per cent, Delaware & Hudson 3,
Uuion Pacific 2lI, while Omaha common is up
TO 81 and the preferred l03s. Other active
shares are up fractional amounts; Lake
Shore and Northern Pacific, however, are Il
per cent. lower. Louisville and Nashville =,
and Missouri, Kansas n Texas =.
The sales of stocks to-day were 22l, s62
shares, including Delaw are, Lackawanna &
Western. 35. 40: Erie. $3.50; Lake Shore l6, $40:
Louisville & Nashville, 500; Northwestern,
1l,Tl0; New Jersey Central. 8, $50; New York
Central, I,5l5; Reading. IL, 900; 81. Paul,
1880; St. Paul a. Omaha, $50; Texas
Pacific, 3,2g5; Union Pacific. IL. g95; Western
Union, 1850; Northern Pacific preferred,
SIG; Oregon Trans-continental, ll,Ol5.
QUOTATIONS or STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days;