St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-08

an average of 1 per cent and with 1alr
amount of business the market continued
weak until after clock, when the decline
was checked and a rally followed, the market
finally closing steady midway between the
highest and lowest quotations, and at prices
which are for the most active stocks from u
to 1A per cent lower than they closed last
evening. New York Central was an excep-
ton, making net loss Of 21s per cent, Lake
Shore is down ~, Michigan Central ~, st.
Paul Il, Northwestern and Lacl1awanna each
u, Consolidated Gas and Rock Island each
10, Omaha common l and the preferred "a,
and the less active stocks generally for
smaller fractions Erie showed gain OF 9s
per cent. and Pacific Mail, Oregon Naviga-
ton, Missouri, Kansas Texas, Manhattan
Consolidated and Texas Pacific are unchanged.
Canada Southern developed exceptional
weakness, selling down from % to % and
rallying to 20 on total sales 1,030 shares.
THE AFTERNOON
was we'll supplied with sensational rumors af-
fecting the financial standing of some of the
prominent houses ON the street, but they could
not be verified and were probably only an
other device of the enemies of the believers
in high quotations. The impression prevails
quite generally that the railroad war in the
West is largely the outgrowth of a desire on
the part of certain officials of the roads to
force down prices, and an immediate settle
ment therefore is not expected. Conserva-
tive commission houses advise keeping hands
off the Vanderbilts and the Changers, while
representatives of the Gould party talk very
confidently of the so-called Gould stocks, and
claim that the weak spots in the market are
only an indication of the breaking away of
those stocks from the rest of the list The
total sales to-day were 259, us shares, or 1000
shares more than yesterday, but three stocks
to-day, New York Central, Lake Shore and st.
Paul, monopoliZed 10000 shares, or about
half of thp DAVIS buSinpSS While the GOI1l0
stocks were strong they were very quiet. The
railway bond market has been less active to-
day, the total sales being only $924,000, q
decrease from yesterday of 1851, 900.
THE MOST ACTIVE ISSUES
were the Erie seconds, new West Shore firStS,
Denver s. Rio Grande Western firsts and Mis-
souri, cOnsOls. Prices are irregular this even
ing as compared with last previous sales.
Among the advances Chesapeake & Ohio IS,
series b, coupon on, are up Il at 81, and u
for the same bonds, coupon Off, at 1874; st.
Paul Is gold bonds % at 1907, and the IS,
Southwestern division, % at 1l21a. st. Paul
firsts, ~ at 1875; Cleveland & Toledo new
bonds % at 1903; Louisville & Nashville and
New Orleans s. Mobile frsts at 65 Lafayette,
Bloomington & Muncie firsts at 66; Fort
Worth & Denver fists, a at 64h, and Long
Island firstS consolidated, ~ at LOT. The de-
clines include the Central Iowa tirsts, coupon
ON, at 8; Canada Southern firsts guaran-
teed, 81 at So; East Tennessee, Virginia g.
Georgia Consolidated 5s, e at As; Louisville,
New Orleans and Texas firsts, 81 at 80; Union
Pacific firsts, q at 1141a; Kansas Pacific
frsts, consolidated, IS at So; st. Louis & San
Francisco seconds, class A, ~ at 9T1a; St.
Louis g. Iron Mountain general consolidated
5s, q at ~, and Western Union rs, regis
tered, ~ at ITO.
The total sales of stocks to-day were 259, rs
shares, Including Lackawanna, 25,500; Erie,
4,4O0; Lake Shore, 41,300; Northwestern,
81 800; New Jersey Central ALSO; New York
Central, 46,370; Pacific Mail, $500; st. Paul,
4,200.
oIrnr ATOMS OF STOCKS AND R0Nns