St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-06-02

New YORK, June 1.-Government bond
quotations are firm, the IS and AZ per cents.
showing the greatest strength. Transactions
have been light, and state bonds have been
very dull. The railway bond market was less
active until late this afternoon. and in most
cases weak. The total sales OF the day were
81, 403, 600, but OF this over 100000 consisted
of transactions in Erie seconds S617,000, and
West Shore S323, GOO. In the last hour the
business was well distributed and prices were
somewhat better, but the closing quotations
are oftener below than above the last previous
sales. Erie second cOnsols sold down
to 454 in the forenoon, and were
comparatively quiet until during the
last hour, when they rallied to
461S, closing unchanged at that price. The
West Shore lists were steady in the morning
and strong in the afternoon, closing with an
advance of - to 3e15. The stock market has
been more active to-day, but the increased
business was at the expense of further de
cline OF the quotations for the most active
stocks, a portion of which, however, wss re-
covered shortly before o'clock. The day S
business consisted of only four hours, the
board not opening until IL O'Clock. which
will be the case hereafter each Monday
during the summer months. The first prices
this morning were generally 14GSs lower
than the closing quotations last Friday
evening, and considerable weakness was
developed in the early dealings, the decline
being led by Lackawanna. The weakness de
veloped in this stock had a depressing effect
upon the whole list except Union Pacific, which
was well supported for q time. The other
Gould stocks We're not active, and the losses
in quotations were only small. The decline in
quotations was aided by the announcement
that further reduction in
wEsT-BoUND FREIGHT
rates had been made this morning, amounting
to as much as copper cent. The prospect Of
the suspension of operations in the iron mills
throughout the West and other unfavorable
rumors as to the outlook of trade, both East
and west, was also used to depreSS prices. Re
newed weakness was developed after midday
in Lackawanna, the stock selling before 1
O'Clock at $685., q decline from last week of
~ per cent. After l O'Clock, however, the
stock rallied to 1925 sold quickly at 1905,
and then more slowly back to 1926, and
closed at 1917, which is a higher than it
closed on Friday. 1t is the only stock on the
active list which shows any advance. There
was considerable strength developed in the
final dealings in Northwestern, which rose in
the
LAST HOUR
from 90 to 9234, and closed shade lower,
with loss of "a per cent, while st. Paul is
Off per cent The other net losses are from
Il to % per cent. above the lowest figures
reached in the afternoon. Union Pa
citic was well supported al Gay,
and did not sell above 5215,
from which it rallied to and closed at the
opening price, while Pacific mail was dull and
heavy. About Il per cent of the days bust
ness consisted OF trading in Lackawanna, St.
Paul, Northwestern, Union Pacific and New
York Central, the sales ranging from 40, roo
for the first, to 1900 for the last mentioned
stock.
The sales of stocks to-day aggreg ated 1885,
O36 shares including Lackawanna, $4,000;
Lake Shore, $500; Louisville & Northern,5 3, 600
Northwestern, 24,50G; New York Central 49,,
400; Pacific Mall, 5000; ST. Paul, $4,000; Unior
Pacific, q, 600; Western Union, 5000; North
ern Pacific, 3,640.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester
day and the three preceding days: