St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-23
den improvement showed much manipula-
ton, and was trifie fishy in appearance. u

NEW YORK, May 22.-GOvernment bonds
have been quiet and steady, except an adj
vance of a in the registered Az per cents.
There were sales OF is, registered at 1915.
State bonds are quiet and steady, except
decline in the quotations for some of the
Michigan and Tennessee issues of 1@2 per
cent, and an equal advance in some Of
Alabama and Arkansas issues. There were
sales OF Louisiana cOnSOl ex-matured coupon
at So. This has been another quiet day at the
stock exchange, the total sales OF stocks
amounting to only Isl ,49S shares, which is an
increase of about 20, 900 shares over yesterday.
With only slight reactions, however, the market
has been strong all day, and closed with
gain for the active list of q to q per cent,
after a reaction of "a to a per cent. from the
best prices realized of tO-day's business.
Fifty-tive per cent. consisted of trading in
Lackawanna, New York Central and Union
Pacific, which were also prominent for the
advances made. Lake Shore was decidedly.
strong, selling late in the afternoon up to 53,
but closing "a lower with net gain OF "a.
None of the active list
SHOWS ANY LOSS
except the 0. T., (which is down "A. Vice Presi-
dent Huntington of the Central Pacific and
President Houston OF the Pacific Mail
held u long conference to-day, the result OF
which was that the Pacific Mail accepts from
the Union and Central Pacific companies the
subsidy of $4,000 per month without
the agreement has run for six months it can
be discontinued on notice OF thirty days by
either party to the compact. 1t is regarded
by both parties as fair settlement OF the
differences between them, and has added ma
terially to the strength that has been dis
played for the past two or three days IN Ia
citic Mail and Union Pacific. The strength OF
the market late this afternoon was due in
some measure to reports that were circulated
to the effect that the Eastern trunk lines had
come to an agreement that the rates were to
be restored at once. 1t is claimed by some of
the most earnest advocates OF
IMMEDIATE RESTORATION OF RATES
there is considerable feeling among the Eng
lish holders of Vanderbilt securities against
the prolonged railroad war that is being
waged between the New York Central and
the West Shore. They insist that there is
nothing now to Justify the cutting of rates,
and as the other trunk lines have signified
their willingness to enter into combination
to re-establish a profitable tariff, nothing
less than speculative interests could prevent
the consummation of an agreement that
would inspire confidence throughout the
country. Railway bonds continue active,
and prominent commission houses report
steady investment demand. The total trans
actions amounted to 81, 756 900, OF which Erie
ends contributed $645,000 The bonds. last
mentioned were steady in the forenoon at 40,
rose in the afternoon to 501% and closed at
5O1s a gain of rs. West Shore lists are up
% at 307s.
The total sales of stocks to-day were ISL, 49S
shares, including Delaware, Lackawanna u
Western, 24,275; Lake Shore, 1850; Louis
vile & Nashville, 1900; New York Central,
%, 0G0; New Jersey Central, 1890; Pacific
Mail, IL, 500; St. Paul, $3.50; Union Pacific.
3O,575.
QUOTATIONS OF STOCKS AND BONDS.
OFT ho