St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-19

wanna also opened one point higher and
advanced, under manipulation, to 1043s.
During the forenoon Union Pacific was
comparatively steady around 53M, but
Louisville & Nashville rose to 35, Western
Union to 60 and Pacific Mail to 55L. The
Changers
DID NOT BOOM
with the others, although Northwestern
touched 95, and st. Paulawas marked up to
70ss. The earnings of the Northwestern
for the second week in May decreased
$1,000. Mexican Central earnings for the
same time We're SS3, roo, which is the larg-
est amount but one in the history of the
road. The Gould party were giving out
pointers" to the right and left to buy
their favorites, but the knowing ones only
laughed in derision at them. When Gould
becomes benevolent enough to let the out
side public into his secrets the world will
come to an end The Vanlerbilts at first
were weak and lower, but recovered some
when the general list advanced.
A good many shorts in North
ern Pacific covered Saturday and more
in other Gould stocks will probably come in
to-day. After all the Boosting about all
that the Gould-White party can do with the
market is to
FORCE THE SHORTS
into cover, sell out ON the bulges and then
let the market go down. This is the game
which has been played all this year thus
far, and it will probably be kept up as long
as they can make it pay. Another feature
of the current manipulation is to take some
one or two stocks, advance them to the neg
lect of others for the time being, and then
go back and pick up one or two more. There
isn't real strength in the market to advance
the whole list at one time. The Pacific
Mail books close to-day for the annual cleo
ton. Louisville Il Nashville is thought to
be on its merits, as the road is in better
shape than it has been for some time.
Large orders for it's bonds are now on the
market from London. Most everybody is
long of Northwestern and q good deal irri-
tated because the stock does not advance
faster. The market closed Irregular and
unsettled. A sale of 5000 shares of New
York Central was made at 1925 just before
the finish.
NEW YORK, May 1S.-GOvernment bonds
are quiet at unchanged quotations, except an
advance of "a in the is and decline OF u on
the currency IS. Stat bonds are steady, with
sales of North Carolina tax at 81. and North
Carolina consolidated As at 871a. The stock
market has been unusually feverish and
somewhat irregular to-day. With a few ex-
ceptionS the prices were IsWN per cent.
higher than they closed on Saturday, which
was Immediately succeeded by a decline of
small fractions throughout the list, but after
the first fifteen minutes a rally was started
which continued until midday. The highest
prices were generally reached about IL.
The market then became steady at
the advance, and so continued
until the last hour, when it yielded materially,
ali the early gains having been lost in some
cases and finally closed weak at irregular
prices as compared with Saturday evening.
While this was the general course of the
market some of the leading stocks furnished
prominent exceptions. New York Central
was weak all day, selling down in the MORN
ing to $685., from which it rallied by noon l
per cent. then broke to 81 per cent. before
2 o'clock. In the last hour it was steady at
the decline and closed with net loss of per
cent. Most of the active stocks touched high
est prices about noon. Union Pacific in fOre1
noon rose only u per cent, and while the re-
mainder of the market was resting at the adj
vance it rose in very large purchases to 54A. 1t
was equally prominent, however, for the
reaction that took place during the last hour,
but during which, on heavy sales, the bears
drove the price down to 5234, at which it
closed at a net loss of u per cent. There
was an advance of "a in the opening price of
Lackawanna at 1885, and it rose in the fore
noon per cent. and remained about steady
until shortly before o'clock, when it yielded
a fraction and closed with an advance of l
per cent. at 1887, or a gain, as compared
with the opening, of Is per cent. Western
Union was especially prominent for its
strength throughout the day, selling up 1sss
per cent. to 80, and closing with
net advance of 81. The Bankers & Merchants
Telegraph company is to have new receiver.
Pacific Mail and Chicago, Burlington &
Quincy are up q per cent, Oregon Naviga-
ton and Omaha preferred each l, and Con-
sclidated Gas q. Northwestern and Louis
vile s. Nashville are down Il each and Oregon
Transcontinental IS, while Lake Shore is I'M
changed. Total sales have been 342, 135, which
is the largest days business for month past,
but of this amount Union Pacific, Lackawanna
and St. Paul contributed nearly so per cent
The break this afternoon was due in part to
realizing by some OF the morning bulls, such
as are always ready to make small profit, to
determined attack to break early advance
Some of the small shorts have also covered
but the leading bulls claim. that the
largest bears have increased their short
interest so that there are as many stocks on
the short side at present as at any time re-
Gently The bulls insist that the feeling is
spreading in the stock market as well as in
general business, and that while moderate re-
actions are always to be expected, the tend
ency of nprices must be steadily upward.
They have to-day carried out their promise of
the week by advancing Union Pacific and
Western Union. St. Paul at one time was up
to 701a, but it broke on the publication Of the
report for the second week of May, showing
a loss as compared with the corresponding
week of last year, of $4,000. 1t closed near
the lowest price of the day with
net advance Of e. Northwestern is
down a, although the weekly statement
shows a loss OF only $1,000. The bond mar
ket has been very active, the total sales
amounting to 50, 122, 000 but of this business
over 81 900, 600 consisted OF transactions in
Erie ends new, which were extremely active
between II and IL o'clock and decidedly weak,
falling down from 51$4 to 50$s. In the last
hour they were less active and steady, closing
at the quotation last mentioned, a loss of l 1s
per cent. Most of the list, however, show
considerable advances and the market indi-
Gates the presence of good investment de-
mand for this class of securities. Atlantic
s. Pacific, western division, lists are up 81 at
721a; Central Iowa, eastern division, lists / at
So; Chesapeake g. Ohio IS, series B, IA at 64;
st. Paul, Chicago & Pacific, western division,
IS q at rs; Chicago s. Pacific Western As %
at 90; Wisconsin and Minnesota division IS
20 at 81, and the terminal 5S % at So: Morris
& Essex LIST consol rs q at 107; Denver & Rio
Grande lists 2 at 102, and the LIST cOnsOl Il at
51ss; Louisville s. Nashville Cecilian branch rs
at 100 the general IS IL at 9714 and the
10-40 IS ~ at 1894 Lake Erie g. Western lists
~ at 6615; Nickel Plate lists 20 at 1873, and
the West Shore lists Il at 301A; Union Pacific
sinking funds ~ at 1870; st. Louis & Iron
Mountain Eds IL at 1881, and the general
consolidated IS 81 at 1874, the Colorado Coal g.
Iron 6s at SO.
The total sales of stocks to-day were 342,-
135 shares, including Lacxawanna "a, 500, Lake
Shore 1,695, Louisville g. Nashville 22,475
Northwestern 1885, New York Central 30,610,
Pacific Mail 26,410.
QUOTATIONS OF STOCKS AND BONDS.
Stocks and bonds closed at the following
prices bid:
Three per cents 1881 Louisville & NJ. 337s
U. S. 4%s.... .1121s Louisville & Ma. 90
IT g news 4s 100 MamphjS G. az