St. Paul daily globe., 1885-11-21
FINANCIAL.
New York:

NEW YORK, Nov. 20.-The expectation
of strong opening in the stock market
was realized. Almost everything on the
list was quoted at an advance of q to q of
point. The report that Mr.. Garrett would
probably sign the trunk line agreement
gave an impetus to the buying of this class
OF securities. The announcement that Mr..
Garrett had signed the agreement was
coupled with statement that he signed it
conditionally. In case the Baltimore d
Ohio We're able to make arrangements with
the Pennsylvania company for all entrance
into New York the signature was to be con-
sidered valid, otherwise not. A flood of
high-priced stock came on the market when
the conditional feature of Mr.. CARROTS
signature became known and prices
declined, the market for time presenting
a very weak appearance. AT the decline
good buying was again developed, which in
turn bolStered values up. Pacific Mail was
very weak Oh large realizing by parties who
have been at the head of the late bull CAM
paign in that stock. The Southwesterns
maintained
A STRONG ATTITUDE
throughout the day and the conviction be-
came more pronounced that Kansas d
Texas was destined to cross so. The ag-
gregate transactions were very large. sales
to noon amounting to nearly 400, 600 shares.
After the early boom the market was COM
paratively steady, though on any breaks a
sharp demand for stocks was developed.
The deal in Kansas q Texas proceeded,
this stock making steady advances in spite
of the feyerish influences which were
brought to bear on the market
Northwestern was held steady by
heavy pool buying. 1t was stated that the
Chicago pool took 30, 900 shares and had de-
cided to put the stock to 125 on inside in
formation that the forthcoming divl-
dend on common stock would not be re-
duced but would be per cent. as usual.
Before the close the general market i'm
proved. ST. Paul, which was about as
weak as anything on the list, advancing "a
point. The Denver Il Rio Grande state
ment for the second week of November
showed an increase of S37, ,213 and an in
crease for the year to date of S575, 210.
Closing prices were steady at fair adj
vance from the break early in the day, and
the talk was. ON the whole. bullsh for to-
mOrrOW'S market. Despite the slurs thrown
at mining enterprises there are many such
organizations that make good returns to in
vestors, and on the whole it is doubtful il
any other branch of trade or industry pays
better dividends than intelligently and
HONESTLY MANAGED MINES.
Last year Colorado yielded nearly S24, ,000,
0U0 i'll gold silver, copper and lead, while
the outlay for labor, machinery and fue
was trife over $10.0 900. The repor
of the Plymouth Consolidated gold mine.
of Colorado shows that for the nine month:
ending with September the net profits
after expenditures of every description,
were S47S, 544 81. The II0mestake of Cali
fornia has just declared dividend of Al
cents per share for October. AS the tota
amount originally paid was only 81 pc
shares, and the stockholders have
already received $3,01S,7 $50 on paid-ul
capital of $500, 900, they have no cause tt
grumble. The Father Desmet mine ha
just declared its forty ninth dividend of q
cents per share, the dividend being one
fifth of the original amount paid in. Tht
trouble with those who lost money in so
called mining investments was in buying
holes in the ground instead of true minera
veins, or in building reduction works before
they had anything to reduce.
NEW YORK, Nov. 20 Government bond:
were dull and steady. State bonds were
active and steady. The railway bond market
was even more active than at any time past
during the present active speculation, total
sales to-day aggregating S7,2l4,000. There
was very heavy trading in Erie second con-
soils, $.,766,000, Atlantic & Pacific incomes,
and the East Tennessee and the Missouri,
Kansas & Texas issues. The business, how
ever, was more widely distributed than has
been the case frequently of late. The list gen
orally shows fractional advance. There
was a still further heavy advance in
Indianapolis, Bloomington u Western lists
which closed with u gain of per cent. at 80,
and the Eastern division IS. which are up
per cent. at "a. The incomes gained ~ per
cent. at 35; few bonds are lower. There
was a halt to-day in the upward movement of
prices in stocks and at times little less
activity. The total reported sales, however,
are still very large. amounting to T03, 10
shares against 100000 yesterday. At the
opening, following a decided advance in Lon.
don, quotations were generally % to q per
cent. higher than last evening with exceptional
gains for greater amount. This display of
strength, however, was OF
SHORT DURATION
and accompanied by great activity. The
whole list declined to something below first
figures, with decided weakness in a few
stocks. During the remainder of the day the
movement was alternately up and down, with
moderate ranges, but the declines marked
lower figures. Closing prices tonight for
most of the active list are from IA to "A per
cent. lower than last evening" with excep-
tional declines of over per cent. Missouri,
Kansas & Texas continues to be one of the
most CONSPICUOUS features of the trading, the
total sales amor nting to 1000 shares. After
opening Is higher at 351ac it failed to fol-
low the general list, at no time
selling below 352sc, but remained
ste ady between that price and 351sc
during the forenoon. Later in the day there
reaction 81. The stock closed Il per cent.
lower with an advance of 11s per cent. Pacific
Mail was also conspicuous in the early
dealings, opening with gain of per cent. at
20. and breaking on heavy sales to 673s. but it
as quickly rallied above IS and remained
comparatively steady between that price and
6914 during the remainder of the day and
closed heavy at 6S1 There was good deal
of talk early in the day about the action of
the Baltimore & Ohio in not having signed
the pooling arrangement, but at noon it was
officially announced that the agreement had
been signed with certain conditions. The
street is
A GOOD DEAL MYSTIFTED
as to the actual relations that exist at present
between the trunk line officials. 1t was re-
ported to-day that the Baltimore s. Ohio had
already secured the contract of the Staten
Island Rapid Transit company's property on
Staten island, which it proposed to use in
effecting a New York connection. The
trunk line securities were heavy most of the
day and Lake Shore closed with decline Of
II. with sales of 74,600 shares. New York
Central on much smaller business is down
q per cent. The Changers were moderately
active, and Northwestern developed further
decided strength, closing with an advance
of q and at no time selling below
last evenings final figures. St. Paul is down
q with sales of only 42.S00 shares. Decided
teverishness and weakness were developed in
Jersey Central and Reading, the former, after
opening up Il and making numerous fuctua.
tions, closed with a loss of IL per cent.
Reading lost q per cent, Lackawanua is
down q. Wabash common 5s and preferred
IL per cent. Oregon Navigation is up ~
Among the low-priced stocks Ohio Central
was again very active, the sales amounting to