St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-30

and others B@% per cent. lower. The
first extreme was exhibited in Lackawanna,
and the second in Delaware & Hudson.
Lackawanna was in the lead again. and the
old deacon, ever sly and vicious. put out all
the fire of the selling movement begun yes
terday afternoon, by advancing the l0aning
rate to of. / per cent, thus forcing
enough shorts into cover to put up the price
of his stock to 1919. The Oregon properties
were more active and higher, on report that
the long talked-of lease OF the Navigation
company to the Union and Northern Pa
cific roads had been practically executed.
Navigation was up d to 1911, and Trans
continental improved about e. Western
Union was held around co. but there was
nothing in it, and the same was true OF
Union Pacific, at $50. The jersey Cen
| trail boom appeared to be over. st. Paul
was feeble and went down below 6S under
heavy selling. New York Central was off
to S31s, from the same cause. Erie sec
onds failed to rally much, and the bad
talk about the financial condition OF
Erie continues. 1t was thought
that the general market was getting
ready to tumble down, and appearances
certainly favored that superstition. There
| is very little doubt that Gould would be
One explanation OF the present rifle in
Lacllawanna is that small bull pool mad
formed outside of Deacon White and his
party, and the latter let the market go down
on purpose to shake the other fellows out.
The deacon himself AYERS that he has not
sold a single share. A call on 500 shares of
ST. Paul for thirty days at 691a was offered
to-day for $50. 1t is thought that a good
crop of spring wheat this year would help
the Granger roads sometime, but that is too
far ahead for
..-.. PRESENT EFFECT.
The earnings of the Illinois Central for
the third week of May increased SIG, 739.
Rumors that the Granger lines were already
taking steps to withdraw from the pools,
hardly yet organized. were circulated and
had considerable to do in the way OF de-
pressing prices. The market at the last
rallied, as was natural on free covering.
The bulls should come to the rescue soon, If
any are still in existence.
The stock exchange will be closed to-
morrow.
NEW YORK, May 29.-Government bonds
have been quiet and steady at unchanged
quotations. Quotations for state bonds are
irregular some of the Tennessee and Ohio
cent, while the Michigan Is are higher. The
railway bond market continues active and
prices are generally strong. The total sales
to-day were $4,000, 900, an increase over yes
terday of $130,000. Of tO-day's busi-
ness Erie and seconds consolS contributed
SIS, 100000. The total sales during the past
five days amount to $40, 900, a slight in
crease over six days last week. The sales
during the past month have amounted to
nearly 10000, coo, an increase over the month
of April of about 12000,000. The stock ex-
change will be closed until IL o'clock on Mon
day next. President Harris of the Northern
Pacific company says there is no truth what
ever in the statement recently made
REGARDING THE LEASE
of the Oregon Railway g. Navigation company,
in which it was alleged that the terms had
been settled and counsel Instructed to
prepare the lease for signatures.
The stock market has been lit
tie more active to-day, the total sales
being It's, 200 shares but of this amount over
60 per cent. consisted of transactions in St.
Paul, Lackawanna, Union Pacific, North
western and New York Central, in which the
sales ranged between $4,000 and liz, 900 shares
each, in the order named. Prices were some
what irregular, but taking the day as whole
it was weak, the business this evening, as
compared with twenty-fOur hours ago, rang
ing from Il to per cent. lower. In the early
trading this morning there was drive made at
the market which reduced prices small
fraction from the open quotations. The
HIGHEST PRICES
were reached generally before midday. The
total sales for the FIVE days were 739, 1871
shares, against 1,03s, ZOO last week. The sales
for the month, which ends this evening, have
been 1908, 900 shares, an increase over the
preceding month of 241 300 shares, but the
gain has been obtained by a loss in quota
lions, in most instances the decline ranging
from u to over per cent
Lake Shore is down ~ and New
York Central 7s, Lackawana
81, Delaware & Hudson ~, Omaha preferred
Az, st, Paul 81, Northwestern ~, and others
of the active list smaller fractions. The ex-
ceptious are an advance of e in Consolidated
Georgias, 81 in Union Pacific, 11s in Louis
vile s. Nashville, and 20 in Western Union.
The total sales of stocks to-day were 17S,254
shares, including Lackawanna rs, $50, Louis
vile s. Nashville 1874, Lake Shore 5000, New
Jersey Central 5000, Northwestern 21,000,
New York Central 16,141, Pacific Mail 6,915,
St. Paul 80, 4sO, Union Pacific 22,325, Western
Union 6,255, Northern Pacific preferred 1885.
QUOTATIONS OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding days: