St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-10
FINANCIAL.
New York,

CHICAGO, July AT the stock exchange
the market opened 55@% higher, with the
exception of Lackawanna, which was &
lower at first prices, halted, heSitated. sold
off little, then recovered, and at the noon
hour was nearly at the highest point of
the day, with good buying reported in the
Vanderbilts and West Shore bonds. The
market looks as though the old bull clioues
had got back from their fishing excursions
and had gone to work again to get up
another boom, although the reasons for an
advance at this time are not apparent.
Still, in the stocks speculation was now car
ried on, and reason or no reasons do not cut
much of figure. Texas Pacific awoke
from its long sleep and gained = during the
forenoon. West Shore bonds sold up to
3714, New York Central to S79l and Lake
Shore, which was unusually active, to $50.
Both Presidents Depew and Roberts of the
New York Central and Pennsylvania roads.
respectively, deny that there are any special
negotiations going on for the settlement of
all difficulties, but somebody keeps
BULLING THE STOCK
all the same. Union Pacific was slow and
dragging around 81. Erie seconds continue
to show a rather firm front and rose to 5215.
The Changers were well held, Northwestern
advancing to 935S, and st. Paul to 723l.
Receiver Green of the North River Con-
struction company, which built the West
Shore road, has filed an answer to a petition
of the bondholderS for a foreclosure. in
which he states that the road cost that COM
pany 81, 600, 900 more than the contract
price, and he asks that this sum be re-
garded as prior lien upon the road. Gen
eral Wall street gossip was wanting on ac-
count of arrangement of wires by the
storm. The two stocks that seemed most
reluctant to ascend with the rest of the list
were Pacific Mail and Union Pacific. The
close was steady and the majority of ope-
rators appear to be still arTayed on the bull
side, at least there was any amount of pre-
dictiOns at the finish that better prices
would be the order of the day for some
time to come, and but few seemed inclined
to dispute it.
NEW YORK, July 9.-Government bonds
are quiet and strong at unchanged quotations.
State bonds have been quiet and quotations
generally strong. There has been very heavy
trading to-day in United States first and
Erie second consols, total sales of the former
amounting TO Sl,290,000 and OF the latter TO
S9I1,OO0, while the total transactions in ali
issues traded in was S2,996,OUO. There has
Teen both yesterday and to-day an unusual
e1iuOuhb VI III SOME the market
issues on account of the very favorable crop
reports. Friends of the Huntington and
Gould systems OF roads claim that Texas will
probably show this year more improvement
than any other state in the Union, which
Will operate directly to the interests OF
their properties. Prices this evening were
generally higher. The stock market has been
decidedly more active to-day, especially dur
ing the forenoon, the total sales for the first
two hours exceeding yesterdays business by
5000 shares. The activity was accompanied
by decided advance in prices, the market
opening strong, and, with the exception of n
slight reaction in some stocks. continuing
strong until nearly O'Clock, when the high
est prices of the day mere made, which were
generally from y to IL per cent. above the
closing figures of last evening. ST. Paul led
ON THIS ADVANCE,
but New York Central gained Ilk and others
OF the most active list made fractional ad-
vances. Pacific Mail was the weakest, gain
ing only Is. In the afternoon the market be-
came more quiet. and ON considerable realiz-
ing, slowly declined, in many cases all the
earlier advances being lost, however. St.
Paul. Northwestern, New York Central,
Union Pacific, Western Union and Louisville
d Nashville did not sell in the afternoon below
closing prices lastIeyening, while Lackawanna,
Pacific Mail, Jersey Central and Lake Shore
sold down a to q per cent. below those fg-
ures. IN the last half hour there was a
slight recovery in the general list, although
the upward movement was somewhat irreg-
ular, and the market finally closed about
steady at prices which were to the majority