St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-06-20

charges, and in this way be help both to
that road and the Canada Southern. The
earnings of the Omaha for the second week
in June decreased IS, 700. The present
bull campaign is to last all this month, &C
| cording to the pointers given out. The
Chaplin party and the Osborn party are
very happy and confident. The Nickel
Plate bondholders refuse to become recon-
ciled to the present state of affairs and ask
Lake Shore to give them their road or a
guaranty of payment All sorts of predic-
| dictions and prophesies are given out by the
triumphant leaders of this movement, and
the poor shorts will doubtless be made to
suffer, unless they ''come in out of the
wet" AT the last, the market was decid-
edly stronger for the Vanderbilts Telegraph
and West Shore bonds. The bulls appear
to control the situation.
NEW YORK, June 19.-GOvernment bonds
are quiet and steady, except further decline
of Is per cent. in the IS. State bonds are
about steady on little business. The demand
Tor good railroad bonds continues very large,
and consequently are on the increase. The
transactions in this class of securities were
larger than on any previous day during the
| current year, the sales amounting to vs., 1885,
coo. While West Shore firsts contributed
S930,000 and Erie seconds 1924, 900, there were
investors in other issues, no one of
which was particularly active. Prices
are generally higher, and in some
cases materially so. Galveston Houston u
San Antonio lists are up per cent; Green
Bay, Winona & st. Peter lists, Z; Houston Il
Texas Central lists, So; Louisville, New AL
bany Chicago lists, B.; Central Pacific land
grant IS, 1; Western Pacific 6s 2; Richmond
u Danville debenture IS, IL; Texas u New
Orleans Sabine division 1sts) 2; Toledo, PeO-
| ria q Western lists and Decatur ~ Evansville
incomes, l. Among the bonds that are lower,
Denver u Rio Grande are down "a per cent,
Indiana, Bloomington u Western lists, /; eX-
interest Wabash Chicago division 5s), AZ.
The feature of to-day stock market has been
the strength displayed by the Vanderbilt sys-
tenn. The market was unusually ac-
tive during the forenoon, the sales for
the first two hours being 1851 600 shares, and
the business well distributed. AS the day
wore on, the market assumed a more quiet
tone, and before the close became dull. The
total sales from noon to 2 o'clock were limited
to 1000 shares. The market was steady at
the opening and in many cases it yielded q
fraction in the first fifteen minutes, at which
time The lowest prices of the day were made.
The small break was soon followed by re-
action, however, which continued until noon,
when the highest prices were reached. The
advance ranged from - to per cent. In
the next two hours, prices yielded more than
half the early gains, but the final transac-
lions were accompanied by some increase in
business and by better tone to tn e whole
market, during which portion of
the late losses were recovered
The final quotations are generally q to Is per
| cent. below the prices reached about mid
day. but from Is to rs per cent. higher than
they closed on yesterday. In the afternoon
Lake Shore and Pacific Mail were prominent
for their strength, While Louisville & Nash
vile sold down to the lowest price Of the
forenoon. Lake Shore is up n and New
York Central i$6. Northwestern was notable
for its unusual dullness and though closing
near the highest price of the day, it is up
only q per cent. st. Paul gained IS per cent
The fluctuations in Lackawanna were within
a range of - per cent of the final gain, being
| * per cent. There is d belief that the move
ment in the past few days i'll VanderDilts is
due to purchases on account of Mr..
! Vanderbilt and his associates, and as the
| market continues to show great strength
| the belief that the upward movement has in
fact only begun and much higher prices will
| be rear ned during the Summer is gradually
| sprea i lg. There has been some talk OF u
| combination between the PennSy lvana rail-
| road and the New York Central. The scne.ne
| is for the Pennsylvania to secure control OF
! the West Shore AMI then trade it to the New
| York Central for the South Pennsy lvania and
| certain interests III the Reading road, and
| thus form Il strong offensive and defensive
| alliance against the other trunk lines. Il is
| said Mr.. Gould will favor this scheme and
that he has an eye directed upon the Lacka-
| wanna as his ultimate Eastern connection for
THE WABASH.
| The strength of the New York Central and
| West Shore bonds is Believed by some per-
sons to be due to purchases necessary TO
| carry such plan on. Michigan Central rose
| from 5l14 to 50, but closed at 1875. The
! strength of jersey Central is due largely TO
| the probability that the Baltimore & ONO will
soon have direct connection over the road
| to this city. 1t is stated that the counsel of
| the Jersey Central are preparing the papers,
and that action will probably be taken before
| the courts i'll Il few days TO anuul the lease to
| the Reading. The total sales OF stocks wore
16t,00U shares, including Central Pacific,
3,270; Lackawanna, 1920; Lake Shore,
| 26,055; Louisville il Nashville, G,05D; Nichi-
gan Central 1928; Northwestern, 1899: New
| Jersey Central, $500; New York Central,
q ,005; Pacific Mail, j.. i5j; st. Paul, 26,Gl0;
Western Union. 1885, Upon Pacific, 1855;
| Northern Pacific preferred 1852.
/ QUOTATIONS. OF STOCKS AND BONDS.
Following are the closing prices bid yester-
! day and the three preceding days: