St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-06-04

$110, 767. One reason why Erie DDS are
getting firmer is the fact that at the present
price they carry about 9 per cent. OF ac-
cumulated interest and there can not be
another default on them until Dec. 1. At
the end the dealings were anything but
lively, though the market could not be
called weak by any means. Neither did
there appear to be any particular demand
for shares from either side. So the day
goes on record as rather q stupid one at
best.
New YORK, June 3.--There was a good
business in government bonds, and QUOTA
tions for the rs and rs are up "A, while the
IS are "a lower. There has been only a small
business in state bonds. Changes are unim-
portant. The railway bond market shows
universal activity. the total sales being
81, 1871, 900, but of this amount West Shore
contributed $923,000 and Erie ends $70l, 900,
leaving less than $575,000 to be divided
among other issues traded in. Prices are
generally fractionaly higher. 1t is reported
that a. j. Cassal, formerly vice president OF
the Pennsylvania railroad, will be made re-
ceiver of the West Shore. Another state
ment which comes from inside sources is TO
the effect that two of the three committees OF
bondholders have agreed upon George X.
Blanchard vice president under Mr.. Jewett
of the Erie, as president OF the reOrganiZed
company. The stock market has been little
more active to-day than yesterday, and yet
very dull from the opening TO the closing Oh
the board. The total sales were 134 6S2 shares,
OF which LGckaWanna and the GranSerS
contributed over 80 per cent. The lowest
prices were made just after the opening OF
the board, but they were immediately sue
ceeded by q moderate rally and continued
strong on very slight fluctuations The
HIGHEST PRICES
were reached about l p. H., and they were
followed by very slight reaction, when quo
tationS became steady and so continued until
the close OF the board. The final changes are
all in favor of higher figures, the advances
ranging from 3 to q per cent. Memphis y
Charleston is an exception, showing loss OF
". The extreme fluctuations during the
day were generally less than l spcr cent.
The report that President Smith Of
the Oregon Railway & Navigation
company and of the Oregon Transcontinental
company. is TO be succeeded by Mr.. Braydon
Ives, member Of the stock exchange, Is de-
MED by friends of Mr.. Smith, whe claim that
he is already in possession OF proxies suh-
cient to insure his reelection. 1t Is said that
the minor points in the Oregon Railway "
Navigation lease to the Northern and Central
Pacific companies have been agreed upon,
and the papers have been signed 1t is
understood that the lessees are to take
all outside assets OF the Navigation company
and allow that company not more than
81 200, 900 in bonds to settle all its outstanding
liabilities except mortgage, bonds and scrip
certificates, the terms Of the lease to be 5 per
cent. for three years, and per cent. there
after on Oregon Railway s. Navigation stock.
The total sales Of stocks to-day were 134 622
shares, including Delaware, Lackawanna u
Western "a, 10. Lake Shore 4,3O0, Louisville
& Nashville 6. 422, Northwestern 1860. New
York Central II 1877, St. Paul common %, 065
Union Pacific 1899, Western Union $780,