St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-10
FINANCIAL
New Iork:

Special to the Globe.
NEW YORK, Jan. 9.-The stock market
was particularly quiet to-day, but the tend
ency of values, in spite of large quota of
bear news, was decidedly strong. The Sc
we're storm prevailing throughout the West,
and the consequent interruption of railway
traffic would, it was thought, have tend
ency to bring about lower prices, but the
Changers were quite strong, advancing
H@% per cent. The street was well sup
piled with rumors regarding Kansas &
Texas, mostly of a bear nature. 1t
was stated that the recent adj
vance in the stock was to enable
Hoxsie to unload, and that having sold his
long stock he was now in full sympathy
with the bear party in that stock. The
point was out that on any reaction Western
Union was purchase, and the course of
the market seemed to indicate this. The
buying was attributed to the White-New-
comb interest. Mr.. White was credited
with having taken hand in the peace ne
gotiations with the Baltimore 81 Ohio.
Moreover the telegraph bill lately intro
duced into congress was considered
bull argument on telegraph
stocks. The east-bound shipments
from Chicago were very light, amounting
to only 29175 tons. The days business was
limited, with the general drift of prices up
ward. During the latter part of the day
the market was too dull and inactive to be
affected by any kind of news. Advises
from the West. however, were plentiful to
the effect that the storm was much worse
than previous accounts had painted it. 1t
was stated that traffic from Cedar Rapids to
, the Rocky mountains was practically sus-
pended. The market, however, in the alb
sence of either buying or selling. remained
steady, closing at about opening prices.
BANK OF MINNESOTA.
Paid Up Capital $500, 600; Surplus $50, 900.
wM. DAWSON. Pres. RoBT. A. SMITH, V. Pres.
ALBERT ScHEFPER, Cashier.
GILFILLAN BLOCK. ST. PAUL. MINI
NEW YORK, Jan. 9.-Government bonds
were duh and steady. State bonds were fairly
active and about steady. Railway bonds
were less active. The total sales were 81,
1872, 900. The only feature was Texas Pacific,
| Rios, which advanced IL. 1t is stated that
| over $4,000, 900 of Nickel Plate lists have
been deposited with a trust company and the
| committees stand ready rather TO take the
| road on what they consider an equitable
| consideration for their bonds. The total
sales for the week have Amounted to
| SIT, 800 900 against 81 $4,000 last week.
| Stocks were even duler than yesterday, the
| sales reaching only 2o2, l4S shares. The bears
| opened the day with q lot of rumors of home
manufacture to depress prices. Conspicuous
among them were the statements that panic
was ruling on the London stock exchange
| that frightful accident had occurred on the
New York Central and that an offensive and
defensive alliance had been formed between
the two leading telegraph companies. None
OF these statements proved TO be trne, RnC
| while nrst prices were H@H lower than the
final figures last evening, there was a slight
further decline in the early dealings
The market soon became strong, and remaineS
so, with only slight reaction, throughout tn,
day. Western Union was the conspicu GU.
feature in the days dealings, the total sale
amounting TO 45.70o shares. Prices this even
ing are generally from u to 4 per cent
higher than they closed yesterday. Missouri
Pacific lie up IL, Western Union and Texas
Pacific q each and Jersey Central q pc
cent. Pacific Mail was heavy and shows I
loss of a. Erie, Louisville q Nashville, LAX,
Shore, Oregon Trsnscontinental, ST. Paul anS
Northwestern are unchansAd- The change