St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-21
THE ST. PAUL DAILY GLOBE THURSDAY

stock market has been very dull all day, and
has failed to develop any feature of special
interest. The opening figures were generally
at or near the highest and the
closing within small Traction of the
lowest of the day, and the declines are only
for fractional amounts, except in two or three
cases. Pacific Mail was the only prominent
exception to the generals rtrle, by scoring an
advance of l Is per cent, and closing with a
gain of %, the strength in this stock being
directly attributable to reports that salts
factory agreement between the company and
the Pacific railways was on the eve of final
settlement. 1t is generally understood that
the officials of the different companies are in
session this afternoon, but
NOTHING OFFICIAL
was learned before the close of the board.
The weakest stocks were the Vanderbilts,
especially Lake Shore, which after declining
from 52 - to 81 a, closed with loss of Ia at
5115. 1t is claimed that both the bears and
the Vanderbilt party were sellers of the stock.
New York Central is down "a. The Changers
were weak soon after the opening, ON early
reports from the West that trouble was break
ing out again between roads leading west
ward from Chicago. Dispatches were also re-
ceived from the West and circulated
on the street that rates between
Chicago and the seaboard by Lake
and rail are now lower than at any time in
the history of the country. Northwestern
shows loss this evening of "a and St. Paul of
per cent. Lackawanna was very quiet and
at the close is d per cent. lower. while Della
ware & Hudson shows a loss of Is. The other
notable changes, made on very small sales,
WERE A DECLINE
of n in Omaha preferred and an advance of
l in Canadian Pacific. Notwithstanding the
dull and dropping character of the market,
the bulls claim the situation is decidedly in
their favor, as there are over s57,0OO,0O sur
plus in the banks belonging to the Clearing
House association, and the bond market
shows unmistakable evidence of a good in
vestment demand, which is interpreted as in
dicating desire on the part of capitalists to
find more satisfactory employment OF their
funds than they have at present. They also
claim that the short interest is very large.
The total sales were only $50, ia shares, a de-
crease from yesterday of Al, 900 shares. Union
Pacific and Lake Shore were the two most ac-
tive stocks, with sales of only 1880 shares of
each. The railway bond market continues ac-
tive the total sales being 1,164 900, an in
crease over yesterday or S472, 900, but
more than this increase is due to
the great increase in activity in
Erie Eds new, the total sales of which were
$3.50, 000 Prices are GENERALLY higher, but in
many cases the advances are for small frac-
lions. Erie rs were an exception by selling
down to 1917, at which price they closed-a
loss of 1H per cent. West Shore lists were
weak at one time but they closed unchanged
at 301z The Nickel Plate lists are down a,
at rs.
The sales of stocks to-day aggregated $780,
TIA shares including Delaware, Lackawanna
s. Western 10, liz, Erie 1850, Lake Shore IT,
$50, Louisville & Nashville 5,155 Northwest
ern 10, $50, New York Central 1876 Pacific
Mail 8, 100, St. Paul II, $50, Union Pacific 49,
045, Western Union ALSO.
QUOTATIONS OF STOCKS AND BONDS.
Stocks and bonds closed at the following