St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-14
W., St. L. & p. 2H
do preferred :. 6


NEW YORK, May 13.-Government bonds
received some attention; there were sales of
AZ per cent. registered at 1115s, the IS at
1885 and the As coupon and registered at
121Y. Quotations show q decline of Is for
/ the As and an advance of q for the 3s, and u
FOR the currency Us of 1895. State bonds have
been very quiet, quotations showing decline
OF 1@2 per cent. on Missouri rs and advance
of per cent, in Rhode Island IS. Railroad
bonds have been quite active and prices some
what higher; the largest business has been
done in the Erie 2ds new. The stock market
has been irregular, moderately inactive and
at times feverish to-day with. Lackawanna
as the leading feature OF the list,
growing more and more each day
into contest between the bulls, led
by the Gould-White party, who control in a
great measure Western Union, Missouri Pa
cific and the GrangerS and the leading bear
operators, whose most direct attacks have been
againt Vanderbilts until to-day, when they
also sold Lackawanna heavily. The street
was we'll supported with rumOrs, including a
statement from the West that Nickel Plate
was making q 16-cent rate on provisions from
Chicago to New York, that gold shipments TO
Europe had already begun and trouble had
again broken out between Chicago and the
Missouri river points. The different stocks
that make up the active list were
so cratic that description of the
market can hardly be given without
taking up the list seriatim. Total sales
for the day were 251,S17 shares, Of which
Lackawanna alone contributed $1,000. The
sales of four other stocks, New York Central,
Northwestern, Union Pacific and st. Paul,
added 9S, 600 shares to the days business,
leaving only about $4,000 to be divided among
the other stocks traded in. During the fore
noon Lackawanna sold down from 1881 to
1917, but rallied later in the day,
selling in the last hour at
1925, and closing 1929, a loss of per cent.
Delaware & Hudson moved about without any
regard for the rest of the market, selling
early from Il down to 76 and then back to 7S,
at the close, which is a gain of per cent.
Central was the weakest active
stock, and in the forenoon it
fell to 1924, selling at the same
time at 81, seller 60 days, in the last hour and
q half it recovered moderate amount OF
strength and closed at S3$4, which is a loss OF
only IA per cent. The Changers and the Gould
stocks yielded fraction in the forenoon and
were steady until late in the afternoon, and
then rllied so that at the close Western Union
is down "a, Pacific Mail a and Northwestern
u, while St. Paul is up IS, Missouri Pacific IS
and Union Pacific and Missouri Kansas u
Texas unchanged. Lake Shore did not SYM
pathiZe to-day with the weakness in New
York Central, but was strong through
out the day at So aSd a fraction above
that price, except a few sales at the opening
and the stock finally closed with gain OF q
per cent. 1t is stated that the movement
to pay Off the floating debt of the
Union Pacific is now under way, and will
probably be carried out before July 1. 1t is
also stated that the conpany's earnings are
between and per cent. per annum on its
stock. The report from London that the Ore
gon s. California railroad is to be consolidated
with the Central Pacific system is confirmed
here to-day. The arrangement is virtually
purchase of the former by the latter, the
stock of the one being exchanged for the out
standing stock of the other, on terms not yet
made known and perhaps not definitely agreed
upon. New bonds of the Central are to be is
sued in lieu of the present defaulted Oregon
bonds. This admits the Central Pacific into
oregon, and, besides putting it on an equal
footing with other lines as to Oregon and
Puget sound business, completes great north
and south line from the British Columbia
frontier to the Gulf of Mexico.
The transactions aggregated 251, SIT shares:
Delaware, Lackawanna & Western $1,000,
Lake Shore 1890, Northwestern $4,000, New
York Central 31,900, Chicago, Milwaukee &
St: Paul %, $50, Union Pacific "a ,290, Delaware
g. Hudson Al, 500 and Louisville g. Nashville
1900,