St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-16
FINANCIAL.
New York.
NEW 1OTAs
Special to the Globe.

Special to the Globe.
NEW YORK, May 15.-At the stock ex-
change the market opened 1@8 higher,
with Lackawanna in the lead. During the
forenoon the general list was dull but
steady The bears. had apparently ceased
operating for the time being, and the bulls
were working in vain to advance prices.
Attention was generally directed to the
deacon and Lackawanna, and it was a
query what the immediate outcome would
be. The deacon was at one time said to be
buying his favorite, and at another time
selling it. 1t was reported that he had
loaned 90. 900 shares at 1-16 premium, to
accommodate the shorts, and again it was
said that the bulk of the stock already sold
was long stock, rather than short. The
White party were predicting ITO for this
stock within a month, and Cammack said it
would sell at so within a year, on account
of decentralization in the coal trade. Among
this batch of rumOrS interested parties can
pay their money and take their choice.
Sayin, the broker of hidden pool, was on
deck. ...---.....
SELLING ST. PAUL
this morning, while yesterday he was buy
ing it. During the week he is said to have
bought about so. 600 shares. 1t is thought
that ST. Paul will advance when the bear
pressure is taken off the market. Any
more dividends ON New York Central, for
the present. are declared to be exceedingly
dubious. 1t is urged, with some show of
reason, that in the nature of things Lacka-
wanna can't be doing business enough to
paw per cent. dividend, when all the other
coal roads and trunk lines are doing so
badly, and hence the majority of operators
believe that holders of the stock are trying
to unload quietly. At one time this fore
noon Lackawanna was put up to 1919, but
fell off again. New York Central was also
advanced to S4s4, but it did not hold. The
Changers hardly moved during the fore
noon, and the same was true of the larger
part of the list. The market seemed to be
balancing on pivot, and which way it
would finally 5urn
WAS DOUBTFUL.
Louisville 6 Nashville continued strong,
independently of other stocks. Michigan
Central distinguished itself by an cratic
squirt of ~ at the opening quotation. The
restoration of Northwest rates next Mon
day. the success of the sale of cotton goods
Yesterday, and the warmer weather were
the chief causes of the better feeling mani
tested. The Mexican National road is said
to be in danger of FORGETTING its government
subsidies by not complying with the cOndi-
lions imposed. The last prices were fairly
well sustained, but orders to buy stocks
came evidently from the cliQues, and
showed considerable manipulation. Van
Emburg bought considerable Northwestern
at about 9414. The market closed fairly
firm throughout.
NEW YORK, May 15.-There is no change
in quotations for government bonds except
an advance of e in the registered As. There
was a sale of registered AIS at 1ll%, and as
coupon at 1919. State bonds are very dull
and generally unchanged in quotations.
Louisiana rs consolidated are, however, up
per cent. in price bid and Michigan rs are
Der cent. lower. The stock market to-day has
been less active but it has exhibited strong
undertofe all day The news this forenoon
,vas nil of q character favorable to higher
prices. The settlement of troubles OF the dit
| ferent railroads west of Chicago was accepted
| as an assurance of better rates Tor long
time to come, and the bulls were cores
| pondingly more confident. Unfavorable re-
| norts from Europe regarding the Anglo-Rus-
sian war, which were received on the street
| during the forenoon. also had stimulating
| effect. The announcement, however, that there
| was decline of per cent. in British cOnSols
! was found to be Incorrect and was denied be
! fore O'Clock. The activity and advance
made in the afternoon were stimulated by the
publication of report that the east-bonnd
rates from Chicago had also been fixed at l5e
per 100 pounds, which is considerable ad-
vance over the rates at which freights have
| been coming forward of late. The bulls claim
that all that is now necessary to complete
restoration Of confidence and very decided
advance in prices is for the Vanderbilt and
West Shore parties to settle their difference.
| I.ackawanna continues to lead an active list,
! about one-ouarter of the days business being