St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-20

active in the forenoon, during which they
rose from 5'S4 TO $3.50. In the afternoon
they touched go and closed on n reaction at
5ss4, a net advance of 17s per cent The
bonds have not sold at that figure before this
year. The transactions aggregated s.. SIG. OOO
West Shore first were less active, the sales
being only S2S5,00O. and at the close
the bonds are 4 lower at 3gA.
The trading in the rest Of the list amounted
10 SSIs,OOO, and prices are generally higher.
The sales for the week were Si9, 45I. 100. which
is the largest business that has been done dur
ing any week forthe current year The long
promised July boom, which has been the rul-
ing feature of the stock market this week.
made further decided progress to-day. The
advance was somewhat irregular, Lake Shore.
Pacific Mail, Western Union and New Jersey
Central reaching their highest prices in the
forenoon. New York Central, Lackawanna
and Northwestern in the afternoon before .
O'Clock, and Union Pacific, st. Paul and Mis-
souri,, Kansas g. Texas in the last hour. The
market, however, was strong at the opening,
and, with only moderate reactions, was strong
all day. The
IMPORTANT DECLINES
occurred between IL and Il o'clock when in
one or two cases prices yielded as much as 1
per cent. The losses were generally recov-
cred, ana the market closed in few cases at
the highest, and for the rest of the list within
a fraction of best prices of the day. The net
: -
/. per cent. for st. Paul, 20 for Lake Shore, Ia
. for Western Union and Michigan Central, l5s
for Union Pacific and Canadian Pacific, and
fractional amounts for the rest of the list
The sales for the day aggregated 44s.65O
shares. With the exception OF st.
Paul, the transactions in which
amounted to $1,000 shares, the bust
ness was unusually well distributed.
Union Pacific scored $4,000 shares and Lake
Shore 1920. One of the reports circulated
to-day to account for the recent advance in
prices was TO the effect that Mcssrs. Jay Gould
and J.Pierrpont Morgan and one or two others
bad accumulated 100000 shares of stock
priorto the beginning of the present advance,
that they then went to Mr.. Vanderbilt and Of
fered to let him have any portion of stock
thus gathered at cost price. The story is that
he accepted oRe-half the amount mentioned
and that the reports of negotiations in the
railroads at once began TO appear. Whether
there is any truth whatever in
THE STORY
as related or not the street is very decidedly
bullish and believes that the long-existing
railroad fight is rapidly approaching an end.
1t is known that conferences continue TO be
held between leading officials OF the different
trunk lines most interested in the present eff
fort to bring about settlementan and no prom
inent railroad official can be found who
IS willing TO state that its present outlook is
not a favorable one. The result of the week 5
81, Omaha preferred ~, st. Paul Ga. Lack
awanna %, New York Central and North
western each Us, Michigan Central ~ Louis
vile ~ Nashville ~, Missouri, Kansas &
Texas 25s, Oregon Transcontnental and
Union Pacific each 23s, Canada Southern 3,
ana others less than per cent. The total
sales were the largest of any week during
the current year, amounting 10 2,3l5, 7l6
shares, of which ST. Paul. Lake Shore. New
York Central and LackaWanna contributed
l,227,20o shares, leaving a little over 100000
shares to be divided among the other stocks
traded in
The total sales OF stocks to-day were "A, s65,
including Central Pacific, 1910; Delaware,
Lackawanna 81 Western, 80, 500; Erie, IL, 43j;
Kansas a Texas, "a, Cos; Lake Shore, 1920;
Louisville & Nashville, I6, 1876; Missouri Pacific,
1903; NOrthwes tern, 22,SlJ; New York Cen
tral, 23,4l5; Northern Pacific, 6.642; Pacific
Mail, 6,l79; st. Paul, common, 5000; Texas
Pacific, 10, l60; Union Pacific, $4,000; Western
Union, 3O,l66; Northern Pacific, preferred,
1881; Oregon Transcontinental, 1908.
The governing committee of the stock eX-
change has admitted to the list $i,6l5,00
Chicago " Northwestern railway consolidated
per cent. sinking fund bonds of 1915. OF
this amount S4,407. 900 were to be used for
taking up and canceling preferred sinking
fund general first mortgage and extension
bonds that mature Aug. i. The new bonds
will not be dealt in on the exchange until
Aug. l, at which time the bonds that mature
on that date viii be dropped from the list.
QUOTATIONS. OF STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding DAYS: