St. Paul daily globe., 1885-05-27
FINANCIAL.
New York.

Spec1al TO Gne GlODe.
NEW YORK, May 26.-At the stock ex-
change the market opened irregular. Some
stocks were 1s@A lower. and others so
n higher. The tendency was toward
higher prices and firmness. Business started
in briskly, and an advance of 3s@1a was
scored in the first half hour. Then the
market halted, declined little, and ag ain
moved slowly upward. Western Union
was put up to 6O%, and Lackawanna to
1881; New York Central to 843s, and Jer
sey Central to 37I. The latter stock is
being operated by pool in New York and
Philadelphia, and its movements are quite
apt {. to be erratic and spaSmo-
die. 1t is reported that Read
ing has stopped the payment of
$4,000 day to Jersey Central, which was
lately ordered by the court. Texas Pacific,
for some reason, has been manipulated by
Gould for few days past, and this morn
ing it opened 3s higher-at 111s. The earn
ings of Ompha for the third week in May,
decreased $500. Nothing is really expected
from the trunk line meeting to-day, but
Gould is determined to put the market up if
he can. Among his other bull prophecies
given out is 68 before IS for Pacific Mail
The gross
RoUND-TRIP EARNINGS
of the last Pacific Mail steamer, now COM
ing back from Yokahalna are put down at
S16O. 0O0-the largest for any one trip in
the history of the company. The expenses
of the granger roads are said to have been
greatly reduced of late. and the North
western will pay a full divi-
dend of 3H pei cent The officials
of that road claim that it has earned s per
cent. the last year. The selling of yester-
day is said to have been an experiment by
the bears, to see whether the bulls were
resolute or not, and when the sellers found
the market supported they ceased opera
tions and covered. George Gould is repre-
sented as having bought Union Pacific yes
terday, and talks of 65 for the stock.
Lackawanna Is said to have been freely
purchased around 1921, and Deacon White
is apparently as serene as ever over the
prospects of his favorite.
Stagnation characterized the dealings on
the closing hour. There was actually no
business doing and orders were few and far
between. Some of their hopes for better
things rest in the per cent. break, which
may entice outsiders. The dealings were
dull and featllreleSs.
NEW YORK, May 26.-Goverdment bonds
are quiet and strong, the closing quotations
showing gain of 4 per cent.o the figures
of the morning. State bonds are strong for
the Missouri issue. Railroad bonds continue
active. The total sales to-day were So. 694, 600.
Prices this evening are generally higher. The
stock market has been extremely dull and
practically featureless. =. In no case did the
total sales of any one stock ON the list amount
to as much as 10000 shares, and the total
transaction in all stocks bought and sold were
OnIy 100 200 shares. The extreme f1uctua-
tions, except in three or four instances,
were within range of l per cent,
but the prices were well held all
day and the closing quotations are generally
1s@% per cent. higher than last evening,
with exceptional advances in New York Gen.
tral of 81 and Central of New Jersey of 20 per
cent, while Louisville & Nashville is up N
per cent, with sales of 200 shares. There was
a break of per cent. in Houston l. Texas
Central. It was announced that Mr.. c. p.
Huntington had given notice to the bond
holders of that company withdrawing the
proposition he made them last week for fund
ing the coupons for two years into five-year
per cent. debentures and scaling the inter-
est on the first to per cent, on the seconds
to per cent. and on the thirds
to 8 per cent. The market showed
very little change at the opening, but early
rallied fraction and then continued steady
throughout the day without any important
reaction. A great deal Of interest was taken
in the meeting Of railroad officials at Commits
sioner Fink's office, but no important news
was received FRI N the me eti1g efOrt the close