St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-09

inside sources Shortly thereafter the fol-
lowing was issued: "Any report Of amicable
adjustment of the differences between the
railroads is cheap talk and emanateS from
the gang here, who are using every endeayor
to bolster and unload. Nothing is known
here of the final issue, and you may depend
upon it that reports to the contrary are lies.
Dispatches similar to these were many during
the business portion of the day. Just before
the close of the board it was announced that
the meeting had adjourned, and that, while
some advance had been made in the
negotiation nothing had really been done and
the outlook was not improved as compared
with yesterday. prominent feature OF the
early dealings was the strength developed
in the Changers, accompanied by the state
ment that the buying orders emanated prin-
cipally from Chicago, and this was inter-
preted as indicating that the railroad troubles
were on the eve of settlement. At the same
time the VanderbltS were weak and both New
York Central and Lake Shore declined while
the remainder of the list advanced. The
activity during the first hour was so great
that the trading amounted to over 100, 600
shares, or more than has been traded in for
the same hour ut any time in the past
two months. After IL o'clock
the market became more quiet and
prices comparatively steady with tendency
toward lower prices, but after O'Clock there
was sharp rally. after which it again be-
CttulO uul iDOuU otCuuy uho oO OOIieiuttSo
until late in the day. In the last half hour
the whole list became strong and advanced
q to q for the active stocks, the market
finally closing at very near the highest quo
tations reached. The total sales were 317,67S
shares, but st. Paul contributed SO, 1850 shares
and more than one-half of the days business
was confined to trading in that stock, North
western and New York Central, but Lake
Shore, Union Pacific and Lackawanna were
also active. st. Paul opened down p per
cent. at 6611, but quickly advanced to 67N,
broke to 665s and in the forenoon rose to
6S1S. 1t did not again sell below 6T1a, and be-
fore o'clock rose to $50. In the last hour
finally at 6Ss4, a gain of IA per
cent. Northwestern in the morning rose
from 911a to 931s, sold again at 921a and SO be-
fore noon and in the afternoon touched 92254,
but on the final rally reached 1875, closing at
9319, which is also gain of IA. New York
Centrals first price was So, a loss Of Il, and
in the first hour it fell to S53s but sold again
before noon at S61s and S55s. In the afternoon
it sold again at $50 and then rose to 061s and
closed at 1884, a net gain Of n. Lake Shore
fiuctuated between 51$s and $50 and closed
with a gain of per cent. at 534. The only
active Gould stock was Union Pacific, which
rose from 4SA to 1891, a gain of 13s. Lacka-
wanna on fluctuations of per cent. with the
opening prices the lowest and the closing the
highest is up 81. Among the less active
stocks the Chicago, Burlington Quincy
shows a gain of 13s, Manhattan consolidated
IL, Missouri Pacific % and the Omahas, each
2 per cent Rock Island and Consolidated
Gas are each IL higher while Canada South
ern, which was extremely weak yesterday,
more than recovered its loss closing with a
gain for the day of "a per cent. at 27%.
Other advances were for smaller fractions
than those quoted 1t is claimed this even
ing that while the meeting at Chicago ad-
Of thnir iron
bles the heavy buying of the Granger stocks
by Chicago houses indicates that a settlement
is near at hand, and that with this question
out of the way the market should advance.
general movement in the securities OF the
Southwestern roads is promised at an early
day, based upon the Improvement OF the
business of these roads. There was fairly
well distributed business in railway bonds,
while the trading in Erie Eds new was
unusually large. The total sales of the day
aggregated $1,941 900, of which Erie Eds,
new, contributed S1,093, 600, leaving S84S,OOO
to be distributed among the other issues
bought and sold. The Erie Eds, new,
of IL per cent at 511a, but they rallied to
521l, sold again at 527s and closed with net
advance of n per cent. at 531a. Among the
other advances Central New Jersey lists
convertible assented, are up q at us, ST.
Paul lists, Chicago & Milwaukee division, at
LOU anu tuo W1SCOuSlu u 1IIuhOooI1 uhtIoiOAA
so at 94A, Chicago & Milwaukee lists IA at
1851, Chicago, st. Paul, Minneapolis & Omaha
consolidated IS 1a@115, New York, Lackawapa
& Western lists 1ss at 122, Denver & Rio
Grande 1st Is at 95, Louisville & Nashville,
New Orleans & Mobile LIST 11s at s61s; the
general IS 2 at go, and the trust bond is at
81; Lafayette, Bloomington & Muncie
lists ~ at 671a, Missouri, Kansas &
Texas general IS IS at 1919, Nashville,
Chattanooga & St Louis lists, 81 at 121; Kan
sas Pacific lists consolidated, q at 96I: st.
Paul. Minneapolis & Manitoba Dakota extern
sion IS, 1 at 121; Rome, Watertown & Ogdens-
burg consolidated extension 5s, IL at 71A,
and Atlantic s. Pacific, Western division in
comes, "a at 1917 and the lists a at II %. The
Chesapeake g. Ohio IS, series B, coupon off,
are down a at 5S1a; Lehigh & Wilkesbarre
consolidated assented bonds, / at 95; St. Paul
consolidated IS, at 1874; Louisville, New Al
bany & Chicago lists, l at 95; New York Cen
trail s. Hudson lists registered II at 1343;
Midland, of New Jersey lists, l at "a; Oregon
g. Transcontinental IS, ~ at 6S1a; Central
Pacific, San Juan branch, IS, 19 at 1O3: Union
Pacific sinking fund IS, ~ at 11s1a, and Mu-
tual Uuion Telegraph IS, u at 56%.
The sales Of stocks to-day aggregated 317,-
622 shares, including Lackawanna, 1924; Erie,
$3.50: Lake Shore sc, 945; Northwestern, 5.965;
New Jersey Central, 4, 1856; New York Central,
5000; Pacific Mail, 1885; ST. Paul, so, AGO;
Northern Pacific, 26,Ts0; Western Union.
5,225
QUOTATIONS OF STOCKS AND BONDS.