Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-19
Rastern and European Markets.


stocks-The stock market opened weak and
generally lower and in the early dealings de-
cllned 4 to n per cent, but subsequently ad-
vanced X to ~ per cent, the latter In Lake
Shore. Toward noon, however, speculation
became weak and during the afternoon de-
clined steadily and the closing quotations were
generally the lowest quotations OF the day.
The decline compared with Saturdays final
sales ranged from u to ~ per cent, the lat
ter In New Jersey Central. Chicago, Milwau-
kee & st. Paul, Chicago & Northwestern,
Michigan Central, St. Paul & Omaha, Mem
phis Il Charleston, Indiana, Bloomington &
Western and Delaware, Lackawanna & West
ern were also prominent In the downward
movement.
" no change in the condition of the Trunk
Line railroad affairs. Each company seems
to be taking business at its own rates, which
are not alike to all customers. The war is
still, however, in condition where 1t can be
closed any day, but there is nothing to war
rant the opinion that the end is near, except,
perhaps. some large purchases in the stock
market of Lake Shore. So far % the Presi.
dents condition is concerned everything is
mOSG l6VOTdUiC, Out tuht oPpoIC Chilly Aoe CCneCu
to be an element in speculation for several
days. About crops there is nothing new
It il assured spring as well a. winter
wheat will, in yield, fall below the har-
vests Of last year. 1t is true that there have
been several local storms in Minnesota, but
these should be without influence on the gen
eral railroad interests and are 30. The report
of Saturday that the pool OF Chicago, Mil
waukee & st. Paul stock had dissolved, is con-
a L.
marked at las down to 12O, many members of
the pool having, as individuals, bought stock
belonging to them a. members Of the pool
when sold for account by the pool. The de-
cline from 100 to 116 has been chiefly the re-
suit of sales by those outside Of the pool, who
were surprised at its dissolution and OF short
sales on the street.
The Commercial Bulletin says: It is to be
said that good part of the selling to-day was
for short account BY room traders. The Chi
cago, Milwaukee d st. Paul pool was closed
out last week and the knowledge that the
stock had been distributed, together with the
cyclope which destroyed one of the towns in
Minnesota, were the reasons assigned for
knocking the price down. Vanderbilt stocks
were steadied by reports that the large orders
to buy Lake Shore in the market since the
price broke to 124 are from Vanderbilt. This
gentleman came down from Saratoga to-day.
some say Ql6 VlblL was on Tic Lruuk llne auSlr
and others that it was to s'see his architect"
It now seems as if the market would not have
any important upward turn until Vanderbilt
settles the trunk line matter, which he can do
almost any day. The crop outlook is neither
better nor worse than week ago. It is gen.
orally conceded the wheat harvest will be
somewhat below that Of last year.
The transactions aggregated 200, 000 shares:
Canada Southern As Geo; Central Pacific A, 900;
Delaware, Lackawanna & Western $4,000;
Delaware & Hudson $4,000; Denver & Rio
Grande 10000; Erie II 900; Missouri, Kansas &
Texas $4,000; Louisville & Nashville 400;
Lake Erie & Western IA 600; Michigan Central
5000; Memphis & Charleston 2,000; Missouri
Pacific 2,4OO; Chicago & Northwestern
500: New Jersey Central $500; New
York Central 5000; Northern Pacific
6,7OO; Ohio & Mississippi 5000; Ontario 4
Western 1880; Ohio Central 1900; Pacific
Mail 1880; Chicago, Milwaukee & st. Paul
Il, 900; St. Paul & Omaha 5000; Texas Pacific
S,4O0; Union Pacific $4,000; Wabash, st. Louis
& Pacific 1900; Western Union Telegraph
l,4OO; Central Arizona 5000.