St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-28
Western Associated Press.

Western Associated Press.
NEW YORK. Feb. 2T.-Governments weak
and quiet, with the exception of registered AZ
per cents, which q per cent. lower at
I119S bid
State Securities-Unchanged except for North
! Carolina special tax bonds and South Carolina
non-fundable, which are lower. Business is
| quiet.
Stocks-Various sisquieting rumors were in
circulation on Wall Street at the opening of the
stock exchange this morning. Rumors
ailOai the past day two that one Of the national
banks of this city was in trouble, and the state
ments finally took a sufficiently definite form to
| locate the bank. There also good deal Of
| talk about the failure OF the silver bill in the
! house yesterday. and an unsettled condition of
affairs generally predicted on that account
/ The old stories about the Fries troubles
| also renewed As to these rumors, 1t is proper
TO say that the reports in regard to the bank is
emphGtically and unequivocaily denied by
/ some of it officers and directors The re
ports in regard to the Ere were neither confirmed
nor denied. The stock market was again weak
at the opening, and with the exception of
/ moderate reaction in the forenoon was weak and
| declining all day. There remarkable strength
/ displayed in the final dealings in Delaware, Lack
9
/ opened this morning ! 4 per cent. lower and in
/ the first fifteen minutes declined another :. per
/ cent, making total loss OF a per cent. at
1O2H The impression rapidly spread through
1 the board that the support had been Withdrawn
/ from this stock, but after touching the price
mentioned il rallied in the forenoon to 1885, re-
NAMED comparatively steady until nearly p. IN.
aud then persisently declined until it sold 1Oi.
/ From this point there was a final rally to 1929
and decline TO 1O2, at which It closed, a net
! loss OF ga per cent. The course of Delaware,
| Lackawanna & Western, In which trading
amounted to -. sos shares, indicates the genera
drift OF the market throughout the day. In early
/ transactions Chca go. Milwaukee Is st. Paul was
also pressed for sale, and declined from 73i. 10
/ 12S, rallied to 73l4, and late In the afternoon
1 fell 20 7l6. from which 1t recovered Il per
/ cent, closing at a 4 with decline OF . per
/ cent Chicago & Northwestern fell from 90 =
to %, and closed at o4is. loss OF % per cent
| The total sales OF these three stocks here men
toned amounted TO more than 30 per cent. OF the
days business. Reports were circulated early in
the day that the Omaha company would pass its
next dividend, and before the day was over it
was stated that the board had already acted and
the dividend had been passed. The latter rumor
was officially denied. and the statement was
made that the annual meeting OF the company
for the declaration OF a dividend would not be
held until ext month No one was disposed to
take the ri.k OF foretellng what would then be
done, but the stock was extremely weak all day.
preferred declining from 90 TO Sc and closing
al - L. loss from yesterdays closing price Of
~ per cent. Common is per cent. lower at
25z. There was active trading in New York
Central and Lake shore, and the latter fell in the
afternoon to G4s. and closed at G5gI, decline
Of per cent, while New York Central is down
10 SO, after selling at GAS loss Of l per cent.
on small transactions Delaware & Hudson i also
down I I per cent at 5si.. after selling at -
Northern Pacific stocks show q loss OF /. per
cent. at 17ti Tor common, and per cent. at
aga for preferred Louisville Il Nashville was
an exception to the general rule, and on active
trading shows an advance OF per cent. at SIaI.
although it sold down to 3Os and as high a.
Ssh. Manhattan Consolidated is up = per cent
at ~ on light dealings. The total saes Of
stocks to-day amounted to 1851 shares. an in
crease over yesterday Of over $1,000 shares
There was well distributed business for small
amounts in railway bonds to-day, and more active
speculation than for some time past in Erie 2nds
new, which. following the unfavorable rumors
a. to the financial condition OF the company
after opening AZ 81 and selling st 57a in the
morning. steadily declined in the forenoon until
the price reached 50. from which there was a re-
action 70 55s. a; which they closed. in the regu-
lar way. with 4 subsequent sale at sc, seller 80
days, a net decline Of = per cent. West shore
lists were ! per cent. lower at SO. after opening
at S6l, and Nickel Plate ISIS show decline OF
4 per cent. II 9is. selling during the day be-
tween o. Z. G9Ia. Prices for other issues are
irregular.
The Transactions aggregated az, 600 shares:
Delaware, Lackawanna & Western 1900
Missouri. Kansas = Texas Is.OO0, Lake shore
5 COO. Louisville s Nashville $4,000. Missouri
Pacific 10000. ChiczcU & Northwestern 7sOOO
! New York Central s4.0Jo. Chicago. Milwaukee
4 - P1sl rocco. Western Union Telegraph
l it.OOO.
QC0TATJoSs OF Stocks AND BONDS.