St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-01

Nt"hSSiS oPOiOu Oh SOiue, dnu lnen
advanced little, acting in
very tired and doubtful manner.
One theory of the market is that the Gould
stocks are being put up TO sell the Wander
bits and Changers on. Northern Pacific
preferred showed some strength again to-
day and gained point during the forenoon.
Western Union also gained point at the
same time. Lake Shore was inclined TO
keep at 20 or above, and Mr.. Vanderbilt is
quoted as saying that no money will be lost
i'll buying it at that figure. There are more
rumorS of big bear syndicate being formed
to operate in the market soon. Another
bull pool is said to be forming in Union
Pacific, and the course of the stock shows
that
SOMEBODY Is WORKING 1T.
In unloading lately Mr.. Gould is said to
have parted with nearly 100, 600 shares of
that stock. There is also good deal of
talk about Kansas & Texas going to %,
but it doesn't make much of an impression.
The firSt-mOrtgage bondholders of jersey
Central will apply to the courts tomorrow
for receiver TO be appointed, as they wish
to begin foreclosure proceedings. The Bal
timore IL Ohio is ready to build line TO
Bound Brook. and from thence TO use the
jersey Central line into New York.
or it will build an independent
line into the city and then
use the Lackawanna terminals
Apparently il is bound 10 get there by some
route. The continued buying of Northern
Pacific preferred was a feature. and the
stock scored another advance. The sharp
rise in it is said TO be due TO rumOr that
there will be a contest for the control of the
line later on. The feeling was firm at the
finish. The Changers were doing better.
Telegraph sold up TO 6s54, the highest
point, so far, for the week. The Wander
bits were steady, and the bulls were feel
ing little more confident than they did
during the early part of the day.
NEW YORK, July 3I.-The government
bond market is dull and inclined to weakness.
State bonds have been dun and heavy. The
railway bond market sympathized with the
operations in stocks, the total sales being
only l,936,0O0. Tde heaviest falling OF was
in Erie second consols, in which the trading
aggregated only 1854 900, while the sales of
West Shore firsts were Si3l, GOO. leaving $S4S.
600 for the remainder OF the list. The stock
market for the first hour to-day was somewhat
active and Irregular, and thereafter moder-
ately strong, without making, as u rule, more
than fractional advances. and dull through
out the remainder of the day. Half n dozen
stocks fluctuated 4 little over per cent, but
these did not include some of the stocks that
have figured most prominently of late. The
sales of Lackawannu were only II, $50 shares,
and with fluctuations of only = per cent the
stock this evening shows gain of - per
cent. New York Central also sold within a
range of only = per cent, and is up y per
cent. Lake Shore shows an equal gain OF Is
per cent, but Oregon Railway d
Navigation is down per cent. The
Northern Pacific, especially the cpreferred,
also exhibited decided strength. the latter
gaining l y per cent. and the common = per
As "A rnlp the glOxinr faT.ppc al ar
very near the highest quotations of the day,
but Missouri Pacific was Il prominent eXcep-
ton, being weak throughout the afternoon
and closing ut the lowest price of the day
with net loss of rs per cent. A story
that
THERE WAS HITCH
in the trunk lines negotiation was met by the
positive statement of Il representative of
DreXel, Morgan & Co. that matters never were
in so good shape. West Shore bonds are COM
ing in freely. including some large lots which
were not expected. One of the most recent
stories about Erie is that negotiations
are pending between that company and the
Nickel Plate for a through line TO Chicago, in
opposition to the Jewett interests in the Chi
cago & Atlantic, but there is nothing definite
in regard to the matter. The total sales were
23S, S21 shares, a decrease from yesterday OF
1870. In no case were the sales to-day of
any one stock a. much as 10000 shares, and
of only seven stocks did the transactions
equal $1,000 shares, viz: Lake Shore,
Missouri, Kansas & Texas, Missouri Pacific.
Northwestern, st. Paul, Western Union and
| Northern Pacific preferred. The market
! closed strong for the general list.
The total sales of stocks to-day were a3S.-
| 59T shares including Delaware, Lackawanna
! s. Western, II. $50; Erie, 1925; Kansas X
/ Texas l5.S45: Lake Shore. 29.5l0; Louisville
| & Nashville. 600; Missouri Pacific, Il, 600:
| Northwestern, 17,7l0; New York Central,
! $3.50; ST. Paul, Is. $50: Union Pacific. Il, $50;
Western Union, 21.2l5; Northern Pacific. pre-
ferred, l6, 1876; Oregon Transcontincntsl,
/ Ii, 1876.
| QUOTATIONS. OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding days:
Tues Wed Thur. Fri