St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-23


but, before noon, had reganed its dividend.
Pacific Mail was inclined to be weak on re-
ports that the Transcontinental was further
from 3l
SETTLEMENT THAN BEFORE,
The general market, however, was more
active and stronger than for longtime past
About the only unfavorable feature was
heavy London selling of American securi-
ties. Contrary to expectations the bull Juror
in the Changers did not let up towards the
close The shorts for once were badly cor
nered. They did not believe in the advance
until the market got so far away from them
that they could not get out ex-
cept at a ruinous loss Just be-
fore the close one of Mr.. Armour
breezy, Western bull interviews were sprung
onthe market, which had the effect of quickly
advancing st. Paul another "a point. Mr..
Armour said that the recent issue of st.
Paul bonds had been sold at los net, and that
no bonus Of any kind had been given the syn
dictate. The market closed Strong throughout
thelist, though there was a fractional decline
in some stocks during the last fifteen min
utes, owing to realizing sales. 2S
NEW YORK, May 22.-Money on call easy at
11a0S per cent. Prime mercantile paper 4@D5.
Sterling exchange actual rates S4.S6ss for
sixty days and $4.S7L for demand. Govern
ment bonds were dull and steady State
bonds were dull and firm. Railroad bonds
were more active, sales So, IA, 000. The adj
vance in prices continued and import AIT
losses tonight are rare. Erie I'd copsols, ex
June coupon, and west shore rs were heaviest,
and Houston Texas issues led the advance.
The main line lists, coupon off, was.up 8 at
ILL., Western division Is, coupon off, ~ at
1887: the main line IDS ~ at S., and the
general mortgages ~ at 64A. There, was
active trading in Nickel Plate trust receipts.
raised the question whether the bringing out
of long stock would not check the rise,
but the same buying continued to-day,
and in the face of extensive selling for
foreign account and great deal of
realizing, to-night's final prices show material
gains throughout the list. The Chicago party
were prominent among the buyers, and their
favoriteS, the Changers, are most conspicu-
Gus in the advances made, St. Paul, North
western and Omaha each showing net adj
vance of over l per cent. The Vauderbilts
were strong with the rest of the market and
show material gains, the high rate for loans
of Lake Shore stock being feature. The
favorable outcome of the presidents meet
ing undoubtedly helped these stocks. There
was considerable buying of Western Union,
generally believed to be principally covering
of shorts. Lackawanna was again active for
a time, and advanced materially, but became
sluggish again and was supported only by
manipulation. The market opened steady,
but the trading on favorite stocks at advanc-
ing prices soon carried the general market
with them. The prices advanced with no re-
action of importance until near the close,
when heavy realizing stemmed the upward
movement and the market closed
heavy close to the best fig
ures reached. 1t was reported
to-day that the bill had passed the house Civ
ing the St. Louis g. San Francisco the right to
enter the Indian Territory, and the preferred
stock advanced over per cent. The Grang-
ers, as mentioned, are the only stocks on the
active list making net advances of more than
per cent, Northwestern being up 1sS and
St. Paul and Omaha / u each, Lackawanna
and the rest of the market fractional amounts.
ST. Paul was most active, its sales aggregating
4,940 shares. The sales for the week amount
to 1,276,sss shares, an advanced of 10000 over
those of last week. The total sales of stocks
to-day were 1928, 425 shares, including Della
ware, Lackawanna s. Western, 61,370; Della
ware s. Hudson, $3.50; Erie, $685.. Lake
Shore, 1855; Northwestern, 1926; New
Jersey Central, IL, 700: New York Central
10,S7O; ST. Paul, 1880; st. Paul s. Omaha,
1850; Union Pacific, $500: Western Union,
16, 73O; Oregon Transcontinental, 9,240.