St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-12

TINS morning. AT q meeting OF the trhnk
| line representatives to be held next We'd
nesday, restoration of east bound freight
rates
Is THOUGHT POSSIBLE.
The holders of West Shore terminal prop
erty offer to sell out to the new reorganiza-
ton commission at cost and interest, but
the offer has not been accepted. The bears
are happy over the success of their late
compaign, and are ready to put cut a fresh
line of shorts if the market continues to adj
vance. Gould says he owns SO shares of
Manhattan, but has none for sale at pres
ent prices. Insiders in st. Paul are much
elated over the agreement to the pool mill
-in-transit business. This arrangement
is entirely separate from that of Northwest
Traffic association, and st. Paul gets about
rs per cent of the proceeds. Now that
rates are restored, it is expected that
more favorable showing will be made later
on by all Western lines. The market was
| considerable OF puzzle at the finish and
opinions were much at variance.
NEW YORK, May u.-Government bonds
have been steady mt unchanged quotations
for everything except is, which are Is lower,
while the currency IS of 95 have advanced
q to 12S. The market for state bonds is quiet
and quotations in some cases a shade off,
especially for some of the Alabama and Mis-
souri, issues. There were sales of North
Carolina lists at So and North Carolina As at
STH. Railroad bonds have been compare
lively quiet and prices in some cases weak
and in others steady.
The stock market has been fairly active
to-day and as a rule strong in the morning
and weak in the afternoon. The market has
been more than usually irregular all day,
certain stocks showing little disposition to
rnmA
Prices this morning were strong
and during the forenoon fractional advances
were made in almost everything on the list,
while there was gain Of Ia per cent. IN
Omaha preferred, rs per cent. in st. Paul,
per cent. i'll Lackawanna and Is per cent. in
Union Pacific. These were the strongest
stocks of the day, and it was during this time
that the highest prices were realized for the
whole list. The advance was the result Of a
better feeling regarding the railroads in the
West and the Northwest, and disposition on
the part OF the bears who failed to cover last
week to close their accounts. After midday
the market became dull and heavy, and in
many cases prices yielded from q to per
cent. before 2 O'Clock, but in the last hour
there was increased trading again following
reports that the Western railroads were
again in trouble. and that serious cutting had
broken out anew on some of the lines. There
was also further yielding in prices, the weak
ness continuing until shortly before the close
of the board. The final sales were accom-
panied by slight rally in some cases, but
quotations this evening are generally from Y
az per cent. lower than they closed on Sat
urday. The weakest stocks being Delaware
and Hudson, Lake Shore and New York Cen
trail, while the Gould stocks and st. Paul and
Lackawanna were well supported and gener-
ally show declines of small fractions. The
market closed week at or near the lowest
prices of the day. The total sales were
251. 460 shares, of which ST. Paul contributed
So 835 shares, while over 81 per cent con-
sisted of trading in this stock, Lake Shore,
Lackawanna, Union Pacific, Northwestern and
New York Central. St. Paul was prominent for
its strength at the opening on the general be-
| lief that the freight war in the West had been
settled, and the first price showed a gain of
| Il per cent. at 6954, from which it rose dur
| ing the forenoon to 1925, put declined before
o'clock to 20, rallied to 7014, and in the last
hour fell to 6914, but closed with net gain
| of q per cent. at $685. Northwestern was
much less active and shows fluctuations
within narrower range, but is q per cent.
lower this evening. The feature of the trad
ing throughout the day was the great weak
ness in New York Central Shortly after
midday it fell to S61a and continued steady at
| S65s@S6B until in the last hour. when it de-
| clined rapidly, drop of as much as l per
cent. being made on sales of only 500 shares.
! The lowest price reached was 49, from which
| it rallied to S5% and closed at S54,
loss of ~ per cent. The Gould
stocks we're all firmly held, but especially
| Union Pacific. which in the early advance
rose to 81. The bulls tonight insist that there
is good authority for saying the railroad war
is actually settled, and it merely remains now
to carry out the details. They say the Van
derbilt stocks will cut loose from the remain
| der of the market.
The sales of stocks to-day aggregated 257,-
! 460 shares, including Lackawanna, 29, 800; Del
aware s. Hudson, AZ, 600; Lake Shore 35,450;
Northwestern, 1880; New York Central, 25,-
| roo; st. Paul, $685.; Union Pacific, $4,000;
Western Union, 81, 0OO
QUOTATIONS OF STOCKS AND BONDS.