St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-07
FINANCIAL.
New Work.
Special to the Globe.

Special to the Globe.
NEW YORK, July Cat the stock ex-
change the market opened irregularly.
Some stocks were 1@I higher and Others
H@H lower. At first the market sold down
1901, with Lackawanna in the lead, but
after little the tide turned and the whole
list improved. Lackawanna opened at %,
sold down TO 924, then rallied TO 931S.
During the forenoon Northwestern showed
considerable activity and strength, selling
up TO $50, while st. Paul rose to 7I15. Pa
ciic Mail was swinging between 4SK@
4S@s. The NanderbiltS were disposed to
advance New York Central, selling up TO
S5X and Lake Shore to 81. Western
Union was also active and advanced TO 81,
then declined fraction. 1t was rumOred
that an effort was TO be made by Mr..
Fender, in England, TO combine Western
Union, Baltimore IL Ohio and the CONNER
cial cables all in one system and theBeby
enhance the value of all by stopping rivalry
and rate cutting. 1t was also thought that
the solution of the Pennsylvania, West
Shore and New York Central fight would
begin across the sea before it did here. a
good many feel that the day of
RAILROAD HARMONY
tildu IL ildS DCGH. nC
earnings of Mexican Central for June i'll
creased SPA, $40, and those of Canadian
Pacific for the same time gained S134. O00
The earnings of the Lake Shore for the
first half of 1885, as compared with 1877,
show decrease of S454. St Paul direc-
tors are said TO be buying that stock on a
large scale. AS a whole stocks are now so
uncertain and manipulation has become
SO bare faced and open that the successive
| ups and downs have come to excite but little
interest in the public mind. The gambling
| game is carried on by professional ringSters
} who care not cent for the value of the
stock dealt i'm or for the welfare of the dupeS
who buy or sell it. In either case the big
fish are sure to eat up the little ones, and
Tor the helpless visitors there is no inward
satisfaction or outward way of redress.
There was some little activity i'm Manitoba,
and it was on the up grade again. The
market slipped OFF a tritie toward the last
and, with the exception of Manitoba, which
is higher, but few of the Others show any
change from the figures which ruled wheI
business ceased on Friday last.
NEW YORK, July 6.-Government bonds ar,
firm and moderately active. State bonds hav,
been Il little more active and quotation.
| about steady. Considering the dizziness of the
stock market the railway bond market wa
comparatively active, the total sales being
| S1,09l,0 900 and, with the exception of the Fri,
seconds consols, the sales of which wer,
S3l, LOCO, the business was well distributed
West Shore lists were comparatively quiet
the sales being only So, 200. The first da,
after the Fourth of July is usually
dull one at the stock exchange
and to-day was no exception TO the rule
The board did not open until IL O'Clock and ii
the next four hours the total transaction
amounted TO only l04, 100 shares, of whicl
over 90 per cent. was contributed by Lacks
wanna, Lake Shore and ST. Paul. The fiuc
tuations were almost as uninportant as tn
amount of business done. AS a rule the
were within range of i per cent. Tn
movements up and down within that rang
were frequent and the market finally closed
little below the closing quotations last weel
but in no case exceeded a per cent. for III
active list, while st. Paul was Is per cent