St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-01
FINANCIAL.
New York.
Special to the Globe.

Special TO the Globe.
New YORK, June SO.-At the stock ex-
change the market opened 55@Z lower,
the latter for Lac6aWanna, which con-
tinued TO absorb large share of general
attention. The stock opened al 96M and
sold to % within fifteen minutes, and rallied
10 941E during the forenoon. Very little
doubt exists that the sly old deacon mar
keted his holdings at better figures than
prevail to-day, and left the ''Other fellows
to get out as best they could. He was at
his Office, but gave out word that he was
too busy to be seen. Some think that the
deacon had sold lot of sixty-day puts on
the stock, which viii be good unless be
comes in and rallies The market before they
expire. Of course the rest OF the list shared
IN the general weakness, and prices fell
away for the first hour, then came q sharp
reaction which sent the market up I0l15.
but it did not hold. The grangers We're
steady. and ST. Paul and Chicago, Burling-
ton & Quincy were strong. the former reach
ing II 5sc and then falling back slowly, and
the latter gaining full point to 1917.
The Nanderbilts We're weak at first, but
rallied with good deal of vim and were
disposed 10 hold what they gained, particu-
larry New York Central, which sold down
early TO S3Ec and rallied 10 S55sc. West
Shore bonds
WE'RE ALSO ACTIVE
and strong, selling from 3416c to sec, and
then falling back again. Both OF these
stocks We're fayoTably affected by the report
that negotiations were going on 10 settle
the trunk line difficulties. On the second
down turn Western Union and Union Pa
citc gave way, the former selling below 6Oc
and the latter to 501+. The telegraph stock
was sold or q prospect OF rivalry for busi-
ness between Itself and the Bell Telephone
company in New York and Philadelphia
IN tact this whole collapse in stocks has
been engineered by the Gould-White com
bination for purposes which are not per-
fectly apparent, as tine rest of the list does
not participate in the decline 10 the extent
which one would suppose. Erie seconds
sold off to 49j4 and rallied to 80. bur for a
little time. The Baltimore q Ohio road
has made
A PROPOSITION
jersey Central, which viii be accepted
when the latter is able TO free itself from
the grasp of Reading. Il is stated that
| New York Central viii surely pay a 1 Der
! cent. dividend, the same as il did last quar-
! ter. Chicago parties, it is said, have sold
| out good share OF their ST. Paul stock. X
is also given out that East bound freight
rates are to be advanced tomorrow. This
unloading of Lackawanna has been carried
on through bear brokers, Deacon White the
/ principal, keeping out OF sight One cause
OF the break was SAID TO be a quarrel among
the bGIl leaders. Bear points were
given out on the Northwestern. There
was but little feature TO the trading in the
| last hour. The market just about held It's
own. though a glance over the list above
shows that more stocks show a slight gain
for the day than a less, when Jumped with
the opening quotations. Delaware x Lack
awanna is quoted ex-dividend > per cent.
at the last. The 0mahaS were not in sight
throughout the session.
NEW YORK, June sO-Government bond.