St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-06-30

Mail was about steady between 49H and
so. with some reports that Gould was buy
ing. Lake Shore is behind in its earnings
for the current quarter about 800, 00O,
and Michigan Central is even
worse off, according to rumor.
Insiders in st. Paul say that the stock is
under easy control and will be held for rs.
The Osborn party has withdrawn from the
market until next fall. What will be the
next general move puzzles the oldest heads.
Some say lower prices will be seen, others
higher. The stock showed wonderful
amount of strength. The market was
steadier at the finish, with less pressure OF
stocks. The weak spots which creep out
daily are anything but encouraging to the
bulls. They appear to be having hard
time marking up their favorites, and seem
to be receiving but little outside support at
present. The market closed steady, with
some buying in New York Central under
the rule for delinquents.
NEW YORK, June 29.-Government bonds
were more active and quotations firm, except
the IS, which are Il lower. State bonds have
been little more active and quotations
steady. The railway bond market has been
only moderately active, not including the two
leading speculative issues. Total sales were
81 900, Erie 2ds contributing $497,0 a,
West Shore lists $29000O of this amount.
Prices are generally lower for the active is
sues. The trustees of the Kansas Pacific
railway consolidated bonds have bought and
retired, since Dec. "a last, 81 600, 900 of these
bonds, reducing the Union Pacific bonded
debt that amount. 1t is estimated the
land sales will permit the retirement of
another million of the same bonds by Jan.
next. All leading roads in Texas, including
the Gould and Huntington systems, have en-
tered info nOOlnO
and rates will be advanced on July i. Mana
gers of roads in that section of country pre-
dict for this fall the largest business they
have ever done, basing their calculations
upon the great increase in acreage of the
crops throughout the Southwest. The feature
of to-day's stock market has been the heavy
break in Lackawanna, without the develop
ment OF single item OF news affecting the
intrinsic value of the property. The decline
is attributed on the street to the action Of a
single broker, WHO'S generallyasupposed to
CONTROL THE PRICE
of the stock. It is reported that he recently
disposed of large portion of his holdings of
the stock, and after giving additional orders
this morning to SELL left the street and has
not been seen during the remainder of the
day. Some persons believe that he has also
gone short Of the general list. Whatever may
be the cause, Lackawanna opened this morn
ing at 100$4, the same as it closed on Satur-
day evening, and after selling at 100sa rallied
to 101 during the first hour and then steadily
declined, on heavy sales, until it touched
964, between and 2 o'clock. Later it rail-
lied to 9754 and closed at 97115-a net loss of
1884, with fluctuations Of AZ per cent. The
total sales of Lackawanna were115, 4S5 shares,
while the total sales for the day OF all stocks
dealt in were 264, 800 shares, leaving only
14S, 500 shares to be divided among the rest of
the list, of which St. Paul and Union Pacific
contributed $4,000 shares. The rest of the
list was decidedly dull, the sales in no case
amounting to as much as $4,000 shares. The
highest prices for the general list were made
at or soon after the opening, and the lowest
generally little after 10 o'clock. But three
stocks
DEVELOPED DECIDED STRENGTH
in the afternoon, touching their highest prices
in the last hour. Pacific Mail closed with a
net gain of q per cent. Central of New Jer-
sey is up q per cent, and Louisville & Nash
vile is ss per cent. higher. With these ex-
captions the closing quotations were from Il
to x per cent. lower than the final sales Sat
urday, but generally only a to u per cent.
below the highest prices reached to-day. 1t
was announced this afternoon that the
Jersey Central company will file its petit
ton this week for the annulling of its
lease to the Reading, and that the interest
due on July will positively not be paid then.
While the general list sympathized in meas
ure with the break in Lackawanna, the mo-
ment that the decline in that stock was
checked the whole active list rallied q frac
ton and showed decided strength during the
remainder of the day. The rally from the
lowest prices was from 1a@1 per cent.
The total sales of stock to-day were 1853, 324
shares, including Lackawanna, 115,485; Lake
Shore II, COO; Louisville g. Nashville, $500;
Northwestern, 1900; New Jersey Central,
5, $50; New York Central, 15,208; Pacific
Mail, 10,430; ST. Paul, $4,000; Union Pacific,
"a, 709; Western Union, 1900.
QUOTATIONS OF STOCKS AND BON DIS.
Following are the closing prices bid yester-
day and the three preceding days:
Thur Fri Sat Mon