St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-09
FINANCIAL.
New. York.
Special to the Globe.

Special TO the GlODe.
NEW YORK, May Sat the stock ex-
change the market opened irregular. Some
stocks were 5s@5s lower, and others so
q higher A bull movement started in
grangers from the opening. Northwestern
was the trump card, and under lively cover
ing by shorts, the prices was put up to 9314
during the first hour. st. Paul followed
at slower pace to 6S. The Vanderbilts
at first sold off, but soon caught the rising
infection and began to improve. Erie
seconds also followed suit and rose to 52A.
During the forenoon the principal activity
was confined to grangers and Vanderbilts,
with Erie seconds and Union Pacific next
in order. Gould and White, with their re-
spective cohorts of satellites and retainers,
were on hand in full force and succeeded
in making things lively among delinquent
bears. 1t is said that Gould has lately
q. BORROWED. MILLIONS
of money on Western Union stock as col
lateral from Brooklyn banks, and purposes
to show what he can do. On the other
hand, it is reported that Vanderbilt, Com
mack and Woerishoffer, who now seem to
be working together, are going for Gould by
trying to scare the banks, and forcing the
old man to iquidate. Lackawanna was
quiet, and was apparently left to itself for
the time being, although it advanced with
the Changers to 104. Omaha preferred
opened point higher, but it is said the
road has never earned a dividend since it
was built, past dividends having been paid
from land sales. Its reported earnings for
the fourth week in April decreased S31, 200,
and for the month of April S1O4, 500. The
Reading statement, for four months ending
April l, shows net loss of 1896, 729. The
earnings of the Illinois Central, for the
month of April, increased 81, 200 over those
of the same month in 1884. It was thought
that the war among
...... TIE NORTHWEST ROADS
might and would be fixed up in some way
in day or two, and on this suggestion the
Chicago shorts covered in Northwestern
and turned over to the bull side. The same
parties of course, We're all bulls to-day. ST.
Paul people, however, are disposed to be
firm for what they conceive to be their
rights in the case. Mr.. GOwen is said to
have quarreIed with the Jersey Central
stockholders and quit Reading affairs for
the present. Business centered on the
Vanderbilts and Changers, though all the
stocks of the lines interested in the settle
ment now pending were higher than on yes
ttIudy dllu IcldluCu Gllcll dQfdllCC IlSuG up
to the finish. The market closed firm, with
a squirt in Union Pacific. The shorts were
climbing for Changers at the. finish, one firm
buying 10, 600 st. Paul at near the top fig
ureS.
NEW YORK, May S.-Governments are dull
and steady and without change in quotations,
except decline of q per cent. in the As and
an advance of n in the IS. There was a sale
of United States coupon As at 122.
State securities have been quiet, with quo
tations generally about steady. Michigan Is,
however, are quoted per cent. and Virginia
6s consolidated per cent higher in the price
bid There was sale of South Carolina IS
consolidated at LOT.
The stock market has been decidedly more
active to-day, and while somewhat irregular
and at times feverish has exhibited a great
deal of strength, the result Of the days oper-
atoms showing decided gains over last even
ing. The street has been unusually well sup
piled throughout the day with rumors of an
extremely conflicting character, most of them
pertaining to the meeting of railroad officials in
session at Chicago. AS indicating the character
of the reports that were circulated, it may be
noted that dispatch was made public during
the day stating that sit is learned upon re-
liable information that the general managers
of the Granger roads will adjust their differ
ences to-day or tomorrow. This comes from