St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-18
and prices in a few weeks would aStonish
everybody. Whether these

and prices in few weeks would aStonish
/ everybody. Whether these
FLAMING PRoNUNCIANENTos
constitute the clique signal for getting out
oftheir h oldings, remains 10 be seen They
may prove true and they may not The
earnings of the Louisville. New Albany d
/ Chicago for July increased So, 900. 4 Chi
cago bull pool in Kansas X Texas is an
nounced, with Nat Jones at its head. al
though that gentleman himself Is of on a
vacation. Union Pacific and Pacific Mail,
which have not been lifted yet, are said TO
be marked for uptun soon. The boom
in Minneapolis n 81. Louis Saturday was
on an old rumor that this little branch was
TO be made a part of the Rock Island
system; but the officials of that road say
there is no change i'm the former relations.
As the bulls are now i'm absolute control of
the market, there is no telling what they
will or will not do. Ii is quite evident that
they mean To see how far they can push
things and have the outside buying public
follow them. If this following continues
good, prices are likely 10 go still higher,
but if the crowd of buyers begin To halt and
hesitate and sell out. the present whirligig
may terminate suddenly any day. In either
case the market is i'm a very dangerous and
uncertain condition. The market closed
apparently with the bulls in full control.
and prices at about the best for the day in
nearly all cases.
New York, Aug. I7.-Government bonds
have been more active and strong for the 3s
and Is. State bonds have been more active
and steady. except the Arkansas and Tennes-
see compromise, which are gas per cent.
higher. In the. railway bond market the
Erie Eds monopolZed large portion Of the
business, the sales being s.. Ol5. O0Os and mt
the same time the price declined 69s<G69,
rallied to G9s4 again, and closed
early in the afternoon ut 6SiS.
There were sales of 1863, 900 West Shore
lists and S52S,0 Atlantic & Pacific
incomes leaving the rest of the list a, l99, CO.,
Wall street has been wonderfully well sup
piled with reports of an abundance of good
things to-day, and the stock market has re-
spondeG accordingly. Everything on the ac-
tive list, except Jersey Central. is higher this
evening, and Il majority of the active stocks
show gains of over per cent, while several
stocks are up over l per cent. from Satur-
days closing. Tie market opened strong,
with gains of 4 10 = per cent. and while very
active the early trading developed considersi-
bic feyerishness, accompanied by fractional
declines in number of eases. Greater
strength and stability were developed
after noon, and decided advance
in prices was established in the Nanderbilts
and Changers. After an
HOUR OF ACTIVITY
and a fractional yielding, removed life was
again infused into the market, LRckawunua
taking the lead and all the coal stocks becosn-
ing strong, the advance continuing until tho
close OF the board mt p. IN. In some cases
the last sale was = 10 = lower than the I'M
meciately preceding prices, and the quota
tions showing the condition OF the market at
the close Indicate q withdrawal of the sup
port in the final transactions, the prices bid
generally being = below last sale.
The strength developed in the Wander
bits was expected this morning when known
that the New York Central and West Shore
had both ordered the restoration of local pas
Senger and freight rates 10 take effect this
morning, and the belief was general that a
complete restoration OF rates through as well
as local on all the different lines, would take
place at an early date. This, accompanied
10y higher prices in London aud reported
heavy buying of American securities by for
eign operators, stimulated prices most
of the day. Details of the South
western pool were repeated to-day, accom-
panied by the statement Of one of the signers
that the establishment of the pool viii make
difference OF 100000 per annum in the
earrings of the different roads In that section
OF the country. Rates have already advanced.
The publication of this statement aided the
upward movement i'm the Missouri, Kansas &
Texas, Texas q Pacific and other
INTERESTED SECURITIES.
Conservative iron dealers are quoted as say
ing that the agreement to limit the produc-
ton. which was made 10y the manufacturers
Of steel rails ut Long Branch last week. has
already caused an advance of to , per cent.
in the price OF steel rails. and manufacturers
are decidedly more hopeful. The result of to-
days business is gain of SIS per cent in
Lackawanna- - in Delaware * Hudson. -
i'm Northern Pacific preferred 81 ina Reading.
> i'm ST. Paul. and between > and 10 in New
York Central, Union Pacific, Colorado Coal,
Oregon Transcontinental, Northern Pa
cific preferred, Michigan Central. Pa
cinc Mail, Northwestern, Louisville a
Nashville and Chicago, Burlington Quincy.
Jersey Central, however. was comparatively
heavy all day and closed without change from
Saturdays final figures. The total sales
were 460, 900 shares. whichis the largest days
business for nearly a month past. that. too,
with only four hours business. Aside from
sales of 1890 shares in Lackawanna, IS, 100
in st. Paul. and S3. 900 shares in Lake Shore.
the business was very well distributed. the
sales in no other case equaling 30,0 600 shares.
The total sales of stocks to-day were 460,-
3ll shares, including Central Pacific, 400;
Delaware, Lackawanna Western, -, GEO;
Denver * Rio Grande, Ais; Erie, 6,09s;
Kansas 4 Texas, 14.T15; Lake Shore, 1921;
Louisville 4 Nashville, -, 100; Northwestern,
To- 500; New York Central, %, 0S0; Northern
Pacific, 1855; Northern Pacific preferred, IS
l25; Ohio Central, $3.50; Pacific Mail, 6,3S5;
Reading, 9,30S; st. Paul, IS, l05; Texas
Pacific, 6,s65; Union Pacific, 25.34O: Western
Union, 29,0l5; Oregon Transcontinental, 20
500.
QUOTATIONS. OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding days:
T1~t--