St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-13
Western Associated Press.


New YORK, March 12.-Governments dull,
quiet end UNCHANGED.
State Securities-Quiet and steady, with some
issues shade higher.
Railroad Bonds-The market was again active
and generally higher, the business being well
distributed. AS an Indication of the demand for
this class of securities, a portion of what is
known as the Hallgarten loan of the Baltimore
& Ohio per cent. forty-year gold bonds was
offered this morning at 1919 and the whole
amount taken almost Immediately, the bond SELL
ing briskly later at per cent. advance on sub
scription price.
Stocks-The market was comparatively quiet
and spectators show disposition to wait for
further Development The belief is growing
that the market should have reaction before
making any further material advance and there
is also disposition to wait for more definite
news from Europe in regard to the troubles be-
tween Great Britain and Russia. War news in
Wall street to-day was of more pacific charac-
ter, and operators who yesterday talked conf
IDENTITY of decided boom in the stock market
to-day advoc ties of a moderate reaction,
which they say will tempt outsiders who never
trade in stocks except when they buy, and will
also induce leading bears to increase their lines
of shorts. At the opening of the board this
morning prices were somewhat irregular, but the
majority On the active list showed declines of
4 GA per cent, and during the morning there
were further fractional declines, when in many
cases the lowest prices Of the day were made.
After slight rally the market became steady,
and so continued until the publication of q re-
port which credited President Keep OF the
Chicago s. Northwestern Railway company with
the statement that the next Omaha dividend
would not be paid. This was followed by q
break in Chicago, st. Paul. Minneapolis & Omaha
preferred on comparatively active trading to
S4!i against ST2s at the close yesterday, while
common declined Ia per cent. to %. The
greatest sympathy with this downward move
ment was shown in Changers, and especially
Chicago, Milwaukee & st. Paul. Later came the
statement that nothing had yet been determined
in regard to the Omaha dividend. the denial OF
the original story being made by both Keep, by
telegraph, and Sykes, vice president of the
Chicago & Northwestern company in this city,
upon which Chicago, St Paul, Minneapolis &
Omaha preferred rallied to sc Il. and there was q
slight recovery in other stocks, followed by re-
newed weakness, especially in Chicago, Milwau-
kee & st. Paul, which sold down to 1914, against
Il
reports, claiming to come from semi-ofical
sources, that the next dividend by this company
would be either cut down materially or passed
entirely. Chicago & Northwestern sympathized
with the break IN Chicago, Milwaukee & st.
Paul, declining l per cent. to 94E, and the
whole list finally closed weak and generally
within very small fractions OF the lowest price
Of the day, and from i to 2 per cent. lower than
the final quotations last evening. In the fore
noon an attack was made upon Missouri, Kansas
& Texas. which dropped from 1sa to 173. and
remained steady near IS the rest of the day,
closing Is per cent. lower at I7%. 1t comes
from semi-offical sources that there is some talk
OF Missouri Pacific issuing common stock max
ing the present Missouri Pacific stock preferred
and absorbing Missouri, Kansas & Texas BY Civ
ing one share OF Missouri Pacific for three shares
OF Missouri, Kansas s Texas. II is thought this
plan will meet with the appreciation of Missouri,
Kansas & Texas stockholders and quiet the
opposition to the present management. The
only active stock showing advance is Pacific
Mail. which is e per cent. higher at 62h, after
selling between 6l i Q-2ss
The transactions amounted to 249, 900 shares:
Delaware, Lackawannn & Western 81, 900,
Missouri, Kansas IS Texas 10000, Lake Shore
$4,000. Chicago & Northwestern SO 900. New
York Central $4,000. Chicago, Milwaukee & ST.
Paul G3, 900, Western Union Telegraph 1900.
QUOTATIONS. OF STOCKS AND BONDS,
Stocks and bonds closed at the following
prices bid: