St. Paul daily globe., 1885-07-29

the 0dTkeb WOulu Iake- ana ruinOr SalQ tnat
Mr.. Armour was among the number.
At ANY RATE
St Paul lost two points in a very short time
and Northwestern one and one-half in the
same time. About the weakest property
Oh the list was Missouri Pacific, which
dropped from OF to 912< during the fore
noon. Mr.. Gonld announces that he has
abandoned that road and sold out
all his holdings of its stock, and
If this proves to be the case, the
stock will now seek and find its natural
level. The Vanderbilts lost about l = per
cent. and then rallied some, New York
Central going up quite fast. Western
Union sold off to Ga and looked weak. Jer-
sey Central advanced , points and then lost
one OF them. Lackawanna was down TO
par. 1t was announced that Drexel.
Morgan & Co. had secured the
consent of nearly half of the West Shore
bondhOlders to the new lease, and only
lacked about S3, 600. 900 more to carry it,
The net earnings of the Reading for the
past seven months
SHOW A DECREASE
of S57O, 900. Louisville .S Nashville gross
earnings for the third week of
July decreased $4,000. Deacon
White, who has kept remarkably
market as usual. and To be buying North
western moderately. The bulls state that
the Vanderbilt stocks have been taken out
of the street, and hence cannot decline
very much. If this proves To be true. these
stocks will very soon cease 10 be active, rs
no one cares TO deal in
comered property. One story is
that Mr.. Armour threatens TO do
the same thing with the 81. Paul stock if
the bears don't let it alone. If he carries
this ont, then goodbye, ST. Paul, so far as
trading is concerned. The Gould party
deny that the bears are responsible, but
think the market has been up too fast and
that there ought TO be further reaction.
At the close prices were steady, with but
slight business doing.
NEW YORK, July 2s.-Government bonds
are dun and steady. State bonds have been
quiet and about steady. This has been one
of the most active days I'm the railway bond
market that has been seen in the past six
months, the total sales been -, 509.G COO. Erie
I'd eonSOls contributed S2.5 COO, during
which the price rose to g., closing x lower,
with a net advance for the day Of per cent.
West Shore lists were traded int; o the interest
of 81, ,O59, 600, from AZ down TO 431S, closing
at the latter quotation, loss or = per cent
There was left only Si,1l3, 600 for the rest of
the list, or a little more than an average days
business Prices are generally higher. The
stock market has been somewhat irregular
to-day and at times feverish, and taken as a
whole moderately active, but the activity has
been limited TO a few of the favorite issues,
st. Paul leading the list, the sales
of that stock to-day being G2, 200 shares.
The next most active stock was Lake Shore,
with $500 shares, and the sales OF New York
Central. Lackawanna, Union Pacific, Western
Union and New Jersey Central ranging from
that amount 10 10000 shares each. There
was, however,
UNUSUAL ACTIVITY
i'm Missouri Pacific, which contributed IT,
475 shares to the days business and which
displayed more than ordinary amount OF
TeVerish weakness. The market opened
strong New York Central showing u gain
of =, Erie & Lake Shore 15S. In some in
stances fractional advances were made in the
early dealing. This was, however, followed
by decline, which continued during most OF
the forenoon, carrying prices down l TO per
cent. and reaching the lowest quotations of
the day. With less active market prices
again became firm and with only moderate
reaction, and so continued during the fore
noon. But with Jew exceptions the
carly losses were only partially recoV-
cred, Union Pacific, New Jersey Central, and
Lackawanna being the only prominent stocks
that made their highest quotation in the last
hour. The market closed heavy on one of
the numerous small reactions that took place
Ia tnc AFTERNOON. II Is SClill-olucl;lllN SIoIeu
that Missouri Pacific is extending its lines
into the Union Pacific's territory. The net
result of to-day's operations is a decline OF
y per cent. in the Nanderbilts, = for North
western and = for st. Paul and Louisville &
Nashville, 254 for Missouri Pacific, while the
rest of the list is up from y 10 Ia per cent.
Union Pacific developed.
NOTICEABLE STRENGTH
in the last hour, reaching the highest quota
tions of the day. The course of to-day's mar
kGt indicates the fact that the announcement
OF the settlement of the troubles between
New York Central and West Shore has been
very fully discounted, rs shown by slight
decline in the price Of the two securities most
directly interested. Indications are that there
is possibility still OF difficulty in bring
ing about the final agreement OF affairs OF
the West Shore although no one doubts that
as far as il is concerned the market is settled.
The governing committee of the stock eN-
change admitted TO the list the Farmers
Loan and Trust company certificate for the
| second mortgage Union Pacific bonds of 1876
of the indianapolis, Decatur " Springfield
railroad. deposited with that company in pur-
suance of an agreement between the second
mortgage bondholdcr and the New York com
pany. The amount OF the certificates cannot
exceed Ss,17S,O00.
The sales of stocks to-day were 3G2. .39l
shares. including Delaware, Lackawanna &
Western 2S, 500 shares, Erie 1885, Kansas d
Texas 10000, Lake Shore 3s, 5s5, Louisville a.
Nashville 1906, Missouri Pacific I1.415.
Northwestern 1850. New Jersey Central
2l61O. New York Central 81, 7,53l, ST. Paul
G2, 40, Western Union 26,210, Union Pacific
33. .365. Northern Pacific preferred $500,
Oregon Transcontinental ,, 160.
QUOTATIONS. or STOCKS AND BONDS.
Following are the closing prices bid yester-
day and the three preceding days:
Fri SAT Mon. T,Ies