St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-06

inclined to be quite demonstrative in final
dealings, and mana ged to close many of the
leading shares at about the lowest figures
of the day. The market closed very much
unsettled.
NEW YORK, May 5.-Government bonds
have been quiet and steady and without
change in quotations, except that the morn
ing advance of q per cent. in the quotation
for the registered AZ per cents. was lost and
the IS quoted "a higher bid. There were
sales of the rs, both registered and coupon,
at 1925. There has been no trading in state
bonds, and quotations are steady.
The stock market to-day has been some
what Irregular, with special weakness at
times in the Changers and the vanderbilts,
and great deal of strength in most of the
Gould stocks, especially Pacific Mail and Man.
haitian Consolidated. Before the board
opened this morning, reports from
London showed that the market
there was weak. First prices here
were generally from "a to / Is lower than the
close of last evening, the bears manifesting
a disposition to continue the attack started
yesterday, but immediate support was given
to nearly all the active stocks on the lists,
especially the So-called Gould stocks, and the
early prices were about the lowest made dur
ing the forenoon. During the first hour the
were generally recovered. Later there was a
small decline, then another rally and in the
last hour another selling movement which
continued to the close and left prices this
evening for the most active stocks decidedly
mixed. Of the 6 most active stock on the
list Ii are lower. are unchanged and 10 are
higher. The greatest declines are in the Van
derbilts, and the Changers follow next, not
including the Omahas. Some idea of the
activity of the market may be obtained from
the statement that during the first hour the
sales were LOG, 600 shares, during the first two
hours 155, 700 shares, and during the day 264, :
$50 shares. The dullest time was between IL
and2 when the total sales for two hours were
only Al, 100 shares. Leading bull operators
claim that a large portion of the trading for
the last two days has been for the short ac-
count of the bears, that the borrowing de-
mand for the active stocks is large and that
they are buying on scale dOwnwardS. They
insist that it requires the sale of five times as
much stock to cause decline of per cent
as it is necessary to purchase for per cent.
advance. They also say that stock
holders protective association is being formed
to proceed legally against the promoters
of railroad wars and in the quotations of rail-
road stocks and on the other hand the bears
talk much more confidently than for some
time past, claiming that the bulls have grown
tired Of holding the market against adverse
sellers at present. There is no doubt that
Chicago houses were early buyers of North
western and ST. Paul to-day on q downward
scale and this led some persons to believe
that an early settlement of the railroad war is
probable. Nevertheless, private dispatches
were received late in the afternoon asserting
that nothing will be done to stop the war; on
the contrary it will be waged more fiercely
and this was followed by the selling
movement above referred to. Thirty-Six per
cent. of tO-day'S business was done in ST.
Paul and Northwestern. and about S0per cent.
in STOCKS in the order mentioned. st. Paul, 4O,-
It's shares Northwestern, Lake Shore, Lacka-
wanna, New York Central, Union Pacific,
Pacific Mail and Western Union, II, $50 shares;
Northwestern and St. Paul are q per cent.
lower; Lake Shore shows decline of 1H per
cent; New York Central, 81 per cent; Grand
Trunk % per cent; Western Union and
Michigan Central, each u per cent, and other
declines are for less than % per cent. MAN.
haitian Consolidated is up a per cent; Oregon
Navigation, e per cent; Louisville & Nash
vile, u per cent. Pacific Mail, 80 per cent,
and others, Is to u per cent. One per cent.
of Lake Shores decline was made during the
last hour, and in the same time New York
Central lost q per cent, Northwestern IS per
cent; st. Paul, 81 per cent; Pacific Mail, q
per cent, and Western Union, % per cent.
The loaning rate for LRckawanna was in
CICdSCo W sto iuQCu stS 1-1o VI POI SOhS' POI
day for use, and the stock 1uctuated only l
per cent, and closed midway between
the two extremes at 1887, per cent,
with loss of Is per cent. There was
a very large trading again to-day in Erie 2ds,
the total sales being 1851 ,000 out of grand
total of all securities of this class of 81, 1885,
900, which is $71S,000 less than yesterday.
The changes in prices this evening are in
many cases for fractional amounts, but these
are advances rather than declines, and lead
ing brokerage houses report good invest
ment demand. The transactions aggregated
265, 600 shares, of which $4,000 were Lacka-
wanna 1000 Lake Shore, $4,000 Northwest
ern, 10000 New York Central, 1900 Pacific
Mail, 10000 ST. Paul, 10000 Union Pacific, IL,
900 Western Union, 1000 Northern Pacific, and
5000 Oregon TranscontinentaL
QUOTATIONS OLE STOCKS AND RnNns