St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-20

manifest enOrI 10 nOlu Ineln up, In spite OF
the fact that the earnings of Northwestern
for the second week of August decreased
$50, 600, and those of St. Paul $40, 500
The Vanderbilts were inclined TO 90 lower
on free sales by some of the followers
OF the clique. The sale of the South
Pacific road has Just been declared illegal
in that state. and the sellers of the stocks
agree that there is nothing more in the way
of buil news TO come out, hence there must
be a decline. Mr.. Gould is now back TO
New York again and he, with Mr.. Sage
and Mr.. Field. are all reported as bears on
the market. WOeTishoffer went in yeSter-
day and took hold again on the bear side.
London was said TO be buying Lake Shore
and ST. Paul this morning, and home par
ties were selling it TO them. Deacon White
came in and put up Laekawanna 20 103,
but it did not hold, and the price went back
TO the opening. The Philadelphia Press
says that all the late stories about the
Baltimore & Ohio and jersey Central
were
PURE EABRICATIoNS
and that the only thing which kept Jersey
Central above 10 is the fact that the Balti-
more IL Ohio may want its terminals soon.
1t is generally thought that the edge of the
present stock boom is broken. but appear
ances are 50 deceptive in Wall street that
no one can tell what day or an hour may
bring forth. The rise has been maintained
already much longer than was thought pos
sible, and its managers can now afford TO
retire and enjoy some of the money they
have made. In its Origination and progress
admirable tact, perseverance and pluck have
been shown, and retreat can now be called
in honor. But whether the greedy spectators
can forego the pleasure of keeping up the
game remains TO be seen. Enough new and
fresh outside money has flowed into Wall
street to keep it lively and happy for good
while, and unless measures are speedily
taken TO prevent the escape of any part of
il, history will fail to repeat itself. The
market was buOyant at the finish. Prices
were just marked right up TO the best fig
ures of the day, and of some properties
there did not appear enough in sight to sat
iSfy the demand. The change of tone during
the past twenty-four hours is very crafty
ing to holders of shares, as it looks this
evening as though the end is not yet.
NEW YORK, Aug. I9.-Government bonds
have been dull. with tendency to weakness
in the 3s and AIS. State bonds have been a
little more active, and quotations about
steady, with the Arkansas issues strong.
There was good business in railway sbOnds,
the sales being S2,24O,O0 of which Erie GODS
contributed SS25, 600, NJ the same time selling
from 67Ss down 10 81 in the forenoon, from
which they rallied in the day TO 6S5s and
closed - lower with net advance of lsf per
cent. The sales OF West Shore lists were ST.
coo, and Nickel Plate lists $4,000. After
the decided break in the stock market on
Tuesday il was expected TO show considera-
BILE feverishness and irreyularity to-day. II
did exhibit those qualities in the early deal
ings. The first prices were about equally
of Is 10 a per cent, while in the case of the
New York Central there was an advance of
= per cent. on the opening figure. In the
early dealings there were declines of small
fractions in the most OF the list, but this was
followed by the development of decided
strength, which continued with no Interrupt
ton OF Importance from that time until the
close nj O'Clock. There were
OCCASIONALLY SLIGHT REACTIONS,
but theywere always followed by = farther
upward movement all along the line. This
was in the face of reports of earnings Of
three prominent railroads for the second
week of August, each showing material de-
clnes compared with last year. There was a
sharp upward movement in the late dealings.
said TO be due 10 heavy buying for the ac-
count of parties now in Saratoga, supposed
To bc Mr.. Vanderbilt. IL is stated he has Sc
cured control of the Ontario & Western,
the firm OF Winslow, Lancer n Co.
time they made the deal giving Mr..
Vanderbilt the control of West Shore. The
total sales to-day were 100000 shares. or only
about 60 per cent. OF yesterdays business
but the result of the days operations is an
advance of over l per cent. for n majority Of
the active shares. while the Omahas are up
2l5 for the common and 81 for the preferred
the latter having made a gain at one time of
1 per cent, part of which was lost late in the
afternoon. 81. Paul is up11S, Northwestern
Il while a Of the coal stocks are up. Lack
awanna Is, Delaware & Hudson I5s, Reading
IL and New Jersey Central per cent. The
higher-priced Gould stocks were among the
heaviest on the list, except Western Union,
which gained =. while Pacific Nails up only
- and Union Pacific : per cent. Missouri,
Kansas & Texas advanced per cent. There
is "A great deal of bull talk about Oregon
Transcontinentnl and the stock to-day adj
vanced IL per cent, y of which was lost In
the final dealings of the two leading Wander
bilt stocks. New York Central was quiet, but
closed at the highest price of the day with
gain of only 4 per cent, while Lake Shore is
ups.
The total sales Of stocks to-day amounted
to 290, IS5 shares. including Delaware, Lack
awanna s. Western. $3.50; Erie, 1925: Kan
sas X Texas. $3.50; Lake Shore. $3.50; Louis
vile & Nashville, Il. $50; Northwestern, $50;
New Jersey Central. $3.50; New York Cen
trail. II,4sO: Pacific Mail, 1905; st. Paul,
2s.27O: St Paul & Omaha, 1920; Union Pa
cinc. zoos; Western Union, -, S55; Northern
Pacific preferred, 1895; Oregon Transcon-
tincntal, @O.653.
QUOTATIONS. OF STOCKS AND BONDS.
Following are the closing prices bid yester-
Sat. Mon. Tues. Wed.