St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-19

active in the forenoon. during which they
rose from 57sz TO 595<. In the afternoon
they touched 90 and closed on a reaction at
59z, net advance of 17s per cent The
bonds have not sold at that figure before this
year. The transactions aggregated SI.Sl6, 900.
West Shore first were less active, the sales
being only S2s5,O00, and at the close
the bonds are = lower at 391<.
The trading in the rest Of the list amounted
TO SS7S,000, and prices are generally higher.
The sales for the week were SIG, +5l, 100, which
is the largest business that has been done dur
ing any week for the current year. The long
promised July boom, which has been the rul-
ing feature of the stock market this week.
made further decided progress to-day. The
advance was somewhat irregular, Lake Shore,
Pacific Mail, Western Union and New Jersey
Central reaching their highest prices in the
forenoon, New York Central Lackawanna
and Northwestern in the afternoon before .
O'Clock. and Union Pacific, st. Paul and Mis-
souri,, Kansas & Texas in the last hour. The
market, however, was strong at the opening,
and, with only moderate reactions, was strong
all day. The
IMPORTANT DECLINES
occurred between IL and Il O'Clock, when in
one or two cases prices yielded as much rs
per cent. The losses were generally recoV-
cred, and the market closed in few eases AT
the highest, and for the rest of the list within
a fraction of best prices of the day The net
gains as compared with last evening, are 20
per cent. for st. Paul, 214 for Lake Shore, IA
for Western Union and Michigan Central. rs
for Union Pacific and Canadian Pacific, and
1 fractional amounts for the rest of the list.
The sales for the day aggregated 44s.65O
shares. With the exception of St.
/ Paul. the transactions in which
amounted to $1,000 shares, the bust
ness was unusually well distributed.
I Union Pacific scored IL, 600 shares and Lake
Shore 1920. One of the reports circulated
/ prices was TO the effect that Messrs. Jay Gould
and J.PierrpOnt Morgan and one or two others
! had accumulated 100000 shares of stock
/ priorto the beginning of the present advance
that they then went TO Mr.. Vanderbilt and OF
! fered TO let him have any portion of stock
thus gathered ut cost price. The story is thai
! he accepted one-half the amount mentioned
and that the reports of negotiations in the
railroads at once began TO appear. Whether
there is any truth whatever in
THE STORY
as related or not the street is very decidedly
bullish and believes that the long-eXisting
railroad fight is rapidly approaching an end
1t is known that conferences continue to b'
held between leading Officials of the difIeren
| trunk lines most interested in the present eff
fort to bring about settlement, and no prom
/ inent railroad official can be found VIII,
is willing to state that its present outlook Is
not a favorable one. The result of the week
/ operations is a net advance in Lake Shore %
| 81, Omaha preferred rs, st. Paul 81, Lack
I awanna ia. New York Central and North
western each 53s, Michigan Central ~, Louis
vile & Nashville "a, Missouri, Kansas
/ Texas 25s, Oregon Transcontinental AM
Union Pacific each 22s, Canada Southern >
and others less than per cent. The tota
sales were the largest of any week durini
the current year, amounting to 2,3l5, IL
shares, of which st. Paul, Lake Shore. New
York Central and Lackawanna contribute
l,221.200 shares, leaving n little over LOCO, 90
shares TO be divided among the other stock
traded in.
The total sales OF stocks to-day were a, S6j
including Central Pacific, 1910; Delaware
Lackawanna Western, $500; Erie, IL, i5j
Kansas ~ Texas, -, sos; Lake Shore, 1890
Louisville & Nashville, l6, 1876; Missouri Pacific
24.605; Northwestern, ISIS; New York Cen
tral, p, as; Northern Pacific, 6,6l2; Pacifi
Mail, SIG; ST. Paul, common, 50. $50; TeNa
Pacific, 10. 1G0; Union Pacific, $4,000; Wester
Union, SO, l66; Northern Pacific, preferred
| 10. So: Oregon Transcontinental, 19,045.
The governing committee OF the stock eN
change has admitted TO the list S4,6l5,O0
Chicago & Northwestern railway consolidate
Z per cent. sinking fund bonds of 1915. q
this amount S4,407, 900 were TO be used "a
taking up and canceling preferred sinkin
fund general first mortgage and eNtensio
bonds that mature Aug. /. The new bond
will not be dealt in on the exchange unit
Aug. /, at which time the bonds that matur
on that date viii be dropped from the list.
= QUOTATIONS. or STOCKS AND BONDS.
Following are the closing prices bid yesteT
. day and the three preceding days: