St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-03
next week the estimates are 10000 cattle
90, 600 to 100, 600 hogs and Is, 900 sheep.
FINANCIAL.
New York.

! Special to the Globe.
NEW YORK, May 2.-There is wide
spread feeling that railroad securities do
not offer very inviting inducements to in
vestors just at this time, 1t is thought pos
sible temporary truces may be patched up
for the season, but troubles are liable to be
resumed the instant there is any business in
sight worth fighting for. The semi-oficial
announcement by an officer Of the Grand
Trunk that his road does not believe in
pools is regarded as significant, and the line
| is expected to be a troublesome factor in
| the way of permanent eaSt-bOund arrange
| mentS.
Vanderbilt talks bullish, but is believed
| to be unloading, and will probably be able
| to gather in enough in that way to pay the
expenses of his projected European trip.
AS whole to-day's market was
TORPID AND FEATURELEss.
The opening was H@% lower, the latter
| for Erie seconds, which seem to be without
support. and are declining from day to day.
| The only stock on the list which showed
| gain was Manhattan Consolidated, which
opened II higher and advanced to 81. On
| the other side, Central Pacific opened / q
off, and the same was true Of Canada
Southern, which sold down to % and rail-
| lied u. The market, as for many days
| past, was without feature, and almost
lifeless. During the forenoon on
many stocks not more than one or two quo
tations were given. The Gould-White-
Morgan clique seem to have job on hand
which taxes their skill and power to the ut
| most 1t was reported that London was
| selling American securities to-day heavily,
on account Of an article which appeared
| there in
THE FINANCIAL NEWS.
| 1t was also said that Vanderbilt was
| openly selling Michigan Central and Omaha
preferred. taking advantage OF the opportu-
nifty furnished him by Gould and his follow
ers. The room traders are said to have
changed over from the bull to the bear SIDE.
Mr.. Jones sold out his long stock yesterday.
The Gould party, however, still talks conf
IDENTIFY of higher prices on account OF the
large short interest out. The new plan of
reorganization lately proposed for the Lake
Shore road has been abandoned. Brokers
say that good deal Of Lake Shore seems to
be wanted at about 581s. Jersey Central
reports having no money on hand to pay its
May interest due. Pacific Mail and Lacka-
wanna were we'll held, but were unable to
advance much in face of the general dull
ness. The day was unusually quiet and
the finish exceedingly stupid.
Chicago.
Special to the Globe.
CHICAGO, May General business at
the banks and among jobbers to-day might
! be called fair to good. There is moderate
movement of goods to the country, and that
is about all. Buyers still remain conserv-
ative in their views and purchases. Money
is plenty, but it is held rather firmly, at
the old established rates. Money that is let
out on easy terms is liable to be called back
at any moment by the least puff of alarm.
New York exchange was strong at Goo
premium, with a large outside demand.
Currency shipments and receipts continue
light. Sterling exchange S4.s7@4. SO. lGov-
eminent bonds Is lower. Bank clearings
were S12, 978, 1852, against 50, $50, 900 yester-
day, and for the week SAT. 795, 372, against
$50. Os9, 942 for the corresponding week in
| 1884.