St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-05
FINANCIAL.
New York.

Special to the Globe.
New YORK, Aug AT the stock eX-
change the market opened with some stocks
B@15 per cent higher, and others %@31
per cent. lower-the latter for Manitoba
which soon recovered the drop. Most OF
the list advanced 14@%s Immediately after
the opening, then fell away $5@15. after
which there was long pause OF stagnation
and dullness. when even fractions of a
change failed TO appear. The market
is fast falling back into its old
'stale, fiat and Improbable condition."
although the recent rise seems to have de-
posted the list upon a permanently higher
level, and this in reality is what the origira-
tors of the movement want. Whether
stocks are really worth any more now than
they were one month ago is not so much
the question with these parties as it Is
whether they have rescued stocks from the
clutches of the bears and have put them on
their feet again, where they can walk along
without aid, and all must acknowledge that
this result has been attained. The bears.
for the present, seem to be shofn of their
old-time power If they sell the market
down, it
REACTS AT ONCE,
instead of lying down supinely like p whip
ped dog at its masters feet. Thus Erie sec
onds seem TO be lifted permanently above go.
Northwestern above 80, st. Paul above as.
and so on through the whole list. The Van
derbilts have ceased 10 become football
and q plaything for every trader who cared
to kick them, and the same is true of the
eXVillard properties, Lackawanna and
Western Union. Now, when these stocks
decline, parties stand ready to pick
them up, which fact is comparatively a
in, L.
So much Of real good has been accom-
plished by the July boom. AS a whole.
the stock market is in a far sounder and
healthier condition than before the rise oc-
CURED, but this is not saying that prices
must necessarily keep on advancing. To
day the wires were so generally down by
the late storms and cyclones that New
York and Wall street gossip were entirely
wanting, and this fact also intensified the
natural inactivity, as no orders could pass
between the different trading points.
NEW YORK, Aug. 4.-Government bonds
have been dull and steady. State bonds have
been very dull. Quotations generally strong.
but with only slight changes. The general
railway bond market was fairly active, while
the favorlte speculative issues received less
attention than usual of late. The sales OF
Erie second consos were S5lS, 600, and of
West Shore first Sos, geo, while the general
list contributed S1.079,0OO. Prices are gem
orally higher. The stock market has again
been very duh to-day. There were four
stocks, Oregon Transcontinental, Lake Shore
st. Paul and Union Pacific, in which the
transactions were between 10000 and 2s.OOO
shares. The sale of Western Union amounted
to 14.430 shares, and with these executions
the total sales in no cases amounted TO more
than 400. The total days business foots up
166, 500 shares, which is an increase of 2.5eO
shares over the four hours trading of yester-
day. Prices at the opening this morning
were strong, and in the early dealings there
was fractional advance which carried quota
lions to the highest figures realized during
the day. In the afternoon the market was
comparatively steady until near the close.
when some of the more active stocks
rallied fraction and closed firm with net
gains of from 2sG3s per cent, the greatest
advances being Western Union and Denver s.
Rio Grande, each Is per cent. New Jersey
Central and Reading, each q per cent. Ore
gon Transcontinental, Missouri, Kansas &
Texas, each Is per cent, and 9th ST smaller
amounts. Pullman Palace Car was an excep-
ton, gaining 15s per cent, with sales OF l,.-57
shares. The Northern Pacific, New York Cen
trail and Pacific Mail are unchanged. The ex-
ceptionally weak stocks We're Union Pacific
and Oregon Railway & Navigation company.
Union Pacific was weak at the opening and
closed with net loss of q per cent. Oregon
Railway & Navigation is down 81 per cent,
closing at the lowest price OF the day.
The total sales of stocks to-day were Ice. 535
shares, including: Kansas s. Texas, $3.50:
Lake Shore, 1850; Louisville g. Nashville,
5.607; New York Central 5,4s6; ST. Paul
20,660; Texas Pacific, $500; Union Pacific,
20,140; Western Union, 14,490; Northern Pa
cific preferred, 400; Oregon Transcontinen-
tai, 2,S02.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding days:
-. I