St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-02
FINANCIAL.
New XOrk:

| Special to the Globe.
NEW YORK, Dec. 1.-The temper of the
stock market was decidedly bearish all day.
The report of the government railroad COM
missioner regarding the Union and Central
Pacific roads was considered bear argu-
ment in respect to all roads subsidized by
the government. 1t was also feared that
the coming session of congress would take
unfavorable action in reference to the Union
Pacific in particular, and heavy selling Of
this stock from the opening broke the price
points. The clique in Northern Pacific
preferred were also unable to stem the
downward tide of prices, and decline of
about a point was recorded. The
Southwesterns were again raided and in
| the absence of clique support, Kansas and
Texas dropped to 331l. The general feel
| ing was decidedly bearish, owing in part to
| the early adjournment of the stock eX-
change on account Of Mr.. Hendricks flu
neral Northwestern formed notable ex-
ception to the general course of the market.
| The pool in this stock stood III the gap
and quietly took all offerings. The fancy
stocks were traded in to less extent than
formerly, and the tendency was in most
cases downward. The trading toward the
close was active, but the tendency of values
was still downward, closing prices being at
about the lowest point reached during the
day.
NEW YORK, Dec. 1.-Government bonds
dull and steady. Registered rs and coupon AIS
quoted eX-interest, state bonds quoted steady.
Railroad bonds quiet until late dealings:
total sales, $1,670,0c0. well distributed.
East Tennessee incomes, West Shore trust
receipts and Erie I'd consos were the
l TT ,1n%,r
terest. On favorable reports respecting the
progress of the reorganization scheme
Central Iowa issues were strong and little
more active for a time. The exchange
opened on the whole weak. Opening prices
were Irregular, within q per
cent. of last evenings closing quota
lions and on moderate fluctuations remained
| steady until IL o'clock. From that time until
| the close there was downward tendency, in
which Union Pacific was prominent. While
| the market did not close at the lowest quota
| ton, as rule, the differences were only
| small fraction from bottom figures. Out of
respect for the memory of the vice president
| the exchange closed at 20. Sales amounted
| to 267,600 shares. The only decidedly
| active stock was Union Pacific, which
| opened shade lower at So, reached
| $685., declined in the forenoon to 551a, on
unfavorable Interpretation of government
| reports published this morning from Wash
| ington, rallied to 5614, sold down to 55A,
| closed at 55%, with a net loss of 25s; other
declines for less than 2 per cent, the most
| conspicuous being Missouri, Kansas & Texas
| 15s. New York s. New England and Omaha
common ~, Texas Pacific and Oregon Trans
continental 11s; Oregon Navigation, Reading,
| Pacific Mail and others less than l, Central
Iowa being an exception. after opening at
| 2015 sold up to 24A and closed per cent.
| lower, with a net advance of ~. The adj
vance in this stock ascribed to the announce
ment that a prominent holder of bonds of
the company deposited bonds under the re-
organization plan and that others are ex-
pected to do so to-day.
The total sales of stocks to-day were 267, $50
shares, including: Delaware, Lackawanna s.
Western, S,l20; Erie, 9, 765; Kansas s. Texas,
24,525: Lake Shore, 14,792; Northwestern.
$3.50; New York Central, 4,010; Northern Pa
cific, S,225; Pacific Mail, 10,775 St. Paul, 3D.
1856; Texas Pacific, 12,400; Union Pacific,
49, S5; Western Union, 2S,319; Northern Pa
cific preferred, 1876; Oregon Transconti-
| mental, 10,607.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days:
I