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

company, and the statement IS MADE tnaC the
original agreement was pledge of the gross
earnings of the Erie g. New York, Pennsyl-
vania g. Ohio (the old Atlantic & Great Vest
ern) on all business to and from the Chicago
& Atlantic. The amount of bonds is $780,
O00 The bulls claim this evening that all the
large bear operators have been heavy sellers
of stocks throughout the day, and that the
short interest is now so large that any move
ment on the part of the bulls would cause a
very decided advance in prices; they claim
that there is very little long stock to be
shaken out by the raid which has been made
especially during the afternoon, but that the
leading bulls are buying on a scale downward
There were a few sales to-day for the ac-
count, the first trading in this way
on the New York stock exchange.
The total transactions in OadbOndsstO-day
show an active market, the sales amounting
to S1,871 900, an increaee over Saturdays
business of 1925, 000 but the sales of Erie
seconds alone were 81, 1867, 900, leaving only
$5O4, 200 for the remainder Of the list traded
in. There was no special activity in any of
the other bonds except little trading late in
the AFTERNOON in the Nickel Plate frsts and
the West Shore f1rsts, the former of which de-
veloped some strength and the latter CORE
spending weakness. The course Of the Erie
seconds was slowly downward corresponding
with the quotations in stocks The bonds
opened at 53A, sold Immediately at $50 and
in the afternoon fell to 51A at which they
closed, a loss of ~ per cent. Among the
other declines were the Atlantic & Pacific,
(Western division firsts) which are down
u at 71h, Chesapeake & Ohio skies,
series B, l at 81, East Tennessee,
Virginia & Georgia Is, consolidated q at
461s; Erie Is consolidated l at 113%; Calves
ton, Harrisburg & San Antonio western divis-
ion Is, ~ at 90; Houston & Texas Central Is
coupon offered % at So; international g. Great
Northern coupon IS, at ga; Louisville &
Nashville, New Orleans & Mobile IS, II at sc;
Metropolitan Elevated rs, q at 961a; Dlichi-
gan Central Is, at 125; Missouri, Kansas &
Texas general IS, at 591a; Nickel Plate Is,
81 at 35%; West Shore Is, q at 20; Northern
Pacific general Is registered 20 ut 1929; Nor
folk s. Western general IS, 3I at S714; Ohio
& Mississippi consolidated Is, 81 at no; Ore
gou short line IS, 81 at 81: Missouri Prcific S.
grants, q at 3O14; Texas Rio Grande IS,
coupon off, l at 40; st. Paul, Min
neapolis s. Manitoba Is, Dakota ex-
tension at ITO, and Rome,
WATERFOWL & Ogdensburg Is IL at 49, St.
Paul Is Milwaukee and La Crosse divisions
are up Ia at 1877, Lackawa1lna Is 81 at
1885, Delaware & Hudson canal Is registered
"a at lis, Louisville, New Albany q Chicago
Is registered b at lis, Louisville, New Albany
g. Chicago Is at 96, New York Central and
Hudson Is registered 1ss at 136, Southern Pa
cific of California Is "a at 951a, ST.. Paul,
Minneapolis g. Manitoba rs "a at liz, Union
Pacifics are unchanged at 114A. 1t is stated
that the company is arranging to sell 81, 00O,-
900 of the bonds which it holds in the treas
ury, with which it will pay off the net floating
debt and resume dividends in July, also that
tho company is earning more than per cent
on its stock and the outlook is very promis-
ing for a large business this year.
The sales of stocks to-day aggregated 1885,
472 shares. including Lackawanna, $3.50;
Delaware g. Hudson, 1900; Erie, 1900; Kan