St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-15

up prices full point in Vanderbilts and
Lackawanna. The bull CLIQUE keep SO
mysteriously still that many think that a
trap is being laid for the unwary shorts.
Scale orders were given to
BUY UNION PACIFIC
every IS down and this prevented much
fiuctuatiOn in that Stock although its state
ment of earnings for the first quarter of its
fiscal year will show deficit, it is said, OF
over 100000. Sayin appeared again as a
large buyer of st. Paul. The pool in North
western was said to be unloading at pres
ent prices. The Erie quarterly statement,
soon to appear, will show large increase
i'll its floating debt. Louisville 81 Nash
vile was notably firm and advanced easily
on every reaction. Deacon White and his
followers were said to be undismayed at its
decline and all felt confident of the future.
1t is now predicted that some time during
1885 Union Pacific will cross New York
Central in the current quotations. There
is so much bull talk about Union Pacific,
emanating from the Gould party, that it
looks suspicious. Rumors were aflOat thai
Reading contemplated another coal fight.
The Market as q whole. was quite
puzZling, and many were afraid to touch it.
The market closed active and firm, the
Changers leading in the advance.
NEW YORK, May 14-Government bonds
are unchanged except a decline of Is per cent
in SIS and the coupon As and an advance OF
IL per cent. in coupon 4 rs State bonds are
quiet and firm, except decline of per cent
in Alabamas and an advance of 1@2 per cent
in Michigan issues and Michigan Is ex-ma-
tured coupons. There was sale of North
Carolina consols at 81. The featuresof to
days stock market has been heavy trading in
Lackawanna, accompanied by decided break
in prices during the forenoon, followed later
by rally in which d per cent. was recov.
cred. The rest of the market was quiet, and
while it sympathised to certain degree with
the movements in Lackawanna, the fuctua
lions were in much narrower range, and
with the exception of the forenoon break
prices were steady to strong all day. The
course of Lackawanna this morning led many
persons to suspect that the break in prices
was bold stroke by the bulls to increase
short interest prior to another squeeze. This
view of the matter was in some measure in
directly confirmed
DURING THE AFTERNOON
by the course of prices of stock. During the
last hour and half the whole list responded
to the upward movement and prices advanced
slowly but steadily to the close of the board
The result of to-day's operations shows gair
of small fraction for the most active shares.
Louisville & Nashville is up IL and Oregon
Railway is up "a, while Delaware, Hudson &
Lackawanna and New Jersey Central are
lower. The news received from the Wes1
during the day in regard to the meeting being
held at Chicago to settle differences between
roads leading west from that city was unim
portant, except that which confirmed the
previous statement that an adjustment OF the
difficulties had been practically reached, the
work of the committee being now one OF de
tail. The total shares were 247, 142 shares, o.
which Lackawanna alone contributed nearly
ninety-nine thousand and Northwestern, St
Paul, New York Central, Lake Shore AND
Union Pacific together furnished as many
more, leaving less than fifty thousand share!
to be divided amongthe rest of the list. Lack
awanna was weak at the opening, showing a
decline of % at 1919, and after sharp rally
when it sold at 1925, it broke rapidly to 995s
These were
THE TWO EXTREME PRICES
of the day. Before noon it had rallied tt
a fraction above par, and with the except or
of one sale at 101 the fluctuations were con.
fined between par and 100T until after 2:1s
p. m. Between that time and 3 p. M, there
were purchases of 4, 300 shares under the rule
for non delivery. During the time the price
repeatedly touched 101 under the rule and die
not go below 1907. 1t closed firm at 100A, s
loss of ~ per cent The other coal stock:
were weak, in sympathy with Lackawanna
but were quiet and Delaware s. Hudson show:
loss this evening of 80 and Central of New
Jersey of a. New York Central was als(
quite weak in the morning, declining to S27s
but it rallied later in the day to 841s an(
finally closed unchanged. Lake Shore con
tinued firm with the exception of few sales
in the forenoon at fraction above the magic
figure SO. The railroad bond market contin
ues active and prices are generally very wei
maintained. The break in the stock marke
this forenoon had no perceptible effect upor
the prices of the better class of bonds; al
though the largest trading to-day was in Erie
Eds, new, the business was unusually wei
distributed. Prices this evening are generally
higher, as compared with the last previous
sales.
The total sales of stocks to-day were 247,
1876 shares, including Lackawanna, 98,960
Lake Shore, 1880; Louisville & Nashville
$4,000; Northwestern. $500; New York Cen
trail, 100000; Union Pacific, 14,500; St. Paul
81, 600; Western Union, $500; Oregon & Trans
continental, $500.
QUOTATIONS. OF STOCKS AND BONDS.
Stocks and bonds closed at the following
h