St. Paul daily globe., 1885-08-14
FINANCIAL.
New York.
Special to the Globe.

Speci01 TO the GloDe-
New YORK, Aug. 13.-At the stock ex-
change the market opened b@5Zc higher
and prices for the first hour were marked
up by the bulls. Then weakness set in
and a slow decline followed. Northwest
ern, as usual, was one of strong
pillars in the temple of values.
and during the first hour rose to
1881. ST. Paul showed a good deal of
weakness and declined to 29i4 before the
noon hour. more than any other stock on
the list. The report that the Chicago, Bur-
lmgton IL Quincy has secured the control
of the Manitoba road viii, if verified. hurt
st. Paul not a little as such a deal would
tap one Of the best sources of its income.
There was little snurt i'm
the Wabash on the idea that
it may be made a part of another
great system. The gain in both common
and preferred was from 15S@2 points
Western Union always recoils when il
bunts its nose against 90. Lake Shore also
sold off TO Il during the general decline.
Lackawama acts with par as Western
Union does with 20. Kansas Il Texas
gained a point and looked quite strong.
The report that the displaced cattle men
of Indian territory are seeking pastures new
along its line is quite feather in IFS cap.
Its earnings are said to be increasing, while
a Texas pool is being formed on a 1ive-year
basis, Which will help all roads
doing business in that state. The
boom in Jersey Central seemed to have
Subsided this morning, although its prices
were kept up to the top notch-51. 1t was
wired from Wall street that the market
would not be allowed to break much. and
that present prices were to be kept up for
weeks, the bulls feeling certain that they
have control of things. Friends of Lake
Shore say that a good part of West
Shore business will fall to its
lot after consolidation takes place, and
TITS will greatly increase its earnings. The
earnings for Omaha for the first week of
August decreased Sc, 600. As the hours
wore on the market became very dull. and
prices slowly slipped off. 1t looked as
though the bulls had become exhausted and
had stopped TO rest, and while
so doing the market had fallen
away from its own weight. In the final
dealings the market looked somewhat bet
ter. There was an upward wlirl in Wa
bash and the Changers and Eanderbilts
were stubborn. Just before the gong
struck the bears jumped on telegraph and
few others, causing fractional decline
throughout the list.
NEW YORK, Aug. I3.-Government bonds
have been quite strong. State bonds have
been very duh, and with no material changes.
For the amount Of business done the railway
bond market shows increased activity, but
the increase was confined TO few issues.
Unusual attention was given TO the Atlantic
Pacific Western division incomes, the sales
of which aggregated $685., 600, the price at the
same time advancing from 161S TO is. but
closing at i71s, a gain of rs.
The firsts are also a shade higher at ~ with
sales of S63, 900. There were sales of SSlG 600
Erie seconds consols and 1886. 900 West Shore
firsts, the former closing unchanged at 63ss
aud the latter Il lower at 43. The sales of the
rest Of the list were limited TO $3.50, 600. The
stock market has been unusually irregular
and at times feverish. The total sales indi-
cate an average amount of business of late
but this was made TO appear as large as pos
sibe by trading in small lots. usually loo TO 200