St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-20
FINANCIAL
New York
Special to the Globe.

Special to the Globe.
NEW YORK, Feb. 19.-At the stock ex-
change the market opened irregularly. Some
stocks were 15@35c higher, others 7s@4c
lower, and others steady. New York Central
again took the lead, with Northern Pacific
preferred good second, and the rest OF the
list keeping well together 1t was quite ap-
parent at the outset that the bulls were max
ing desperate effort to put up the prices,
but with only Indifferent success. In fact,
the market goes up slow and
hard since Gould abandoned it. Look
ing at tae list carefully, one
could see that it was strong and weak by
turns, and in spots, with the prospects rather
dubious. New York Central was run up
sharply and then run down again. Northern
Pacific preferred gained point early, Erie
seconds showed some strength at first and so
did Lake Shore, L ouisville d Nashville and
Jersey Central, but the net gain during the
forenoon was very small. TWAS announced
that Mr.. Gould and his family left last night
for their southern trip, which would extend
to the 25th of March. He said, by way OF
encouragement to his late associates, that he
expected to see the market higher on his re-
turn, and at the same time Off rumor
is correcD went away short him
| self The earnings of Northwestern
for the second week Of February decreased
500, 700. The continuance of these losses
and probability of further
DIscoRD AMONG RIVAL TRUNK LINES
in passenger business has started up the
bears to form another syndicate and make a
general raid on the market. W. L. Scott is
said to be in the movement and bases his
action on troubles TO arise from the further
coinage of silver. There is no interest of
any portauce in Western Union now, but
loaning rates Of some other stocks are still
high. Bull pools in Louisville & Nashville
and Jersey Central promise 80 for the first
named and As for the second in a short time.
| 1t was also ascertained that the Rockefeller
party had been buying Union Pacific Of late
for a long turn. After a fractional decline,
| however, the market relapsed into dizziness.
| 1t is learned on what is considered good
| authority, that Jay Gould at the present time
holds stock in the following companies TO
about the amount set opposite each, besides
! bonds Western Union Telegraph $29. 000,-
/ 600, Missouri Pacific railway, 81, 900, 000,
| Union Pacific railroad $1,000, 900, Manhat-
tan Elevated $4,000, 900. total SOL, 200, 900.
All indications are that the market is still in
/ control Of those who are
OPERATING FOR HIGHER PRICES
and the belief is gaining ground that Mr..
! Gould's formal leave-taking Of the market is
more apparent than real. The news
| from the West is to the effect that
railroads are beginning to resume operations
and an immense amount of traffic is pressn z
for transportation. This fact would seem to
sufficiently answer the rumors that as soon
as the roads regain complete use Of their IA
| ciities they will commence rate cutting
| The Northern Pacific stocks, which have
been a feature Of the morning, have been
affected by belief that the company is
/ likely TO obtain control of the Oregon Railway
6 Navigation lines, and also by favorable
state ments affecting the property Of less &C
! tive stocks.