St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-10
MARRETT g. POWERS,
GRAIN, PROVISION AND STOCK
BROKERS,
3O7 Jackson Street.

NEW YORK, Dec. 9.-Government bonds
were dull, firm and unchanged. except for IS,
which were q higher. State bonds were quiet
and steady, except for considerable activity
in three or four issues. Railway bonds were
unusually quiet. The total sales were 81, I69,-
600; West Shore 1851. 900, Texas s. Pacific
S339,000 Erie Eds 1921, 900, which made up
81. 261, 600, or little less than half the total
days business. Prices were generally lower,
but there was no heavy decline. The anxiety
manifested in the morning regarding opening
quotations of stocks has not been exceeded
in years. The death OF Vanderbilt
occurring when it did, gave brokers
and spectators time to think before
its effect could be felt in prices and the more
conservative operators exhibited marked
confidence in the market, but there are many
others who were carrying heavy loads on
limited margins, who were very nervous.
There were many orders to sell on the board
at the opening, especially the Vanderbills,
but there were also large orders to buy at
prices not seriously below last evening s
close. In the Lake Shore corner, the quiet
and patient waiting for the dense crowd Of
brokers to buy or sell, was transformed i'm
medately into bedlam of intense excite
ment and confusion, as the chairman's gavel
announced the opening. Opening prices
ranged between S506534, but at the same
time the stock was selling at all the different
quotations
BETWEEN THESE FIGURES.
The official opening quotation, however,
was So, decline Of per cent. from last
evening. There was sale of 500 shares at
S4%. The bold front presented by those
present with unlimited orders to sustain the
market soon Quelled the excitement, and af-
ter the first half-hour, although for time
bcsiness continued active, there was no ex-
element. In the other portions of the eX-
change room large transactions were made in
various active stocks, but the excitement did
not at all compare with that above men
toned. Prices at the opening other than
Lake Shore showed decline of 25s for New
York Central, and 21s for Jersey Cen
trail, 114@1s4.. for the rest of the active list
except Louisville s. Nashville, which showed
a loss Of only "a. During the first half hour
the market was very feverish and its move
ments erratic, with tendency downward in
some cases. while other stocks were advanc-
ing, but at the end of that time more set
tied tone was established, and by IL o'clock
the market was not different from many
others that preceded it during the past ten
days. Prices by IL O'Clock were generally a
shade above the opening. and business drifted
rapidly into very decided dullness. At the
same time there was very firm undertone,
with slight tendency upward. Sales for the
first hour were extremely large, amounting to
1885, 800 shares, of which Lake Shore contrib
uted $4,000. sSrhe market was absolutely
WITHOUT FEATURE
after II o'clock, other than dullneSS and
strength, until late in the afternoon, when it
developed renewed activity and moderate
strength for the general list while Lacka-
wanna, which opened at 1221% and slowly
crept up to 125, rose rapidly on heavy sales to
128. The upward movement was accom-
panied by many sharp reactions, but they
were soon checked and further gains always
followed. There was then a break to 12T%,
and it closed at 12754, a gain over last even
ing of 81. The rest of the list yielded
slightly from the highest prices established
during that time, and the gen.
eral market closed steady The prices
this evening compared with final figures
yesterday show loss OF / "a for Lake Shore,
l for Jersey Central, ~ for Reading, I for
Texas s. Pacific, and u to "a for the rest of
the active list. Northwestern was down Is.
The total sales were 6S6300 shares, an increase
over yesterday of 3l4, 500 shares. Lake Shore
contributed $4,000, Lackawanna $4,000 and
St. Paul $500 shares. The general feeling
is of increasing confidence, although for the
moment faith in the future is based largely
upon the belief that some of the leading OPP
orators will furnish the support necessary to
prevent further declines, as they did to-day.
The total sales of stocks to-day were $50, 1877
shares, including: Canada Southern 5.6T0;
Delaware. Lackawanna & Western. 95, $40;
Delaware & Hudson, 5,1CG; Erie, $1,000; Kan
sas & Texas, q, IT'S; Lake Shore, 6,035; LOUIS
vile & Nashville, 5000: Northwestern, 81 ,2S5;
New York Central, 1920; Reading, 81 $40;
Pacific Mail, 1921; st. Paul. $500; Texas
Pacific, IS, 400; Union Pacific, $3.50; Western
Union. 45.415; Northern Pacific preferred
IL. 900; Ore"On ranScOntinental. 21,132.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding business days:
Sat Mon Tues I Wed