St. Paul daily globe., 1886-07-25

New York.

Special TO the GLOBE.
NEW YORK, July 24.-The market was
quiet to-day, but opening prices were well
maintained. Northern Pacific, Louisville g.
Nashville and Union Pacific were advanced
from last nights closing prices. Nothing Of
consequence was doing in the Vanderbilts,
Western Union or Northwestern, and foreign
ers were reported to be out Of the market en-
tieely The strength of Northern Pacific was
on the story that the company had sold a
block of 100000 acres of land at 50
per acre, returning S4.000,000 of preferred
stock. Latest advices, however were to the
effect that the transaction was not entirely
closed yet. In regard to the coal stocks ad-
vices were rather contradictory. Well in
formed operators, however, claimed that the
recent advance in rates would be maintained
in good faith, and that the outlook for good
falls business was decidedly good. Louis
vile q Nashville was bulled on its recent in
crease in earnings and the prospects of better
business this fail. The feeling in regard to
the Changers continued bear1Sh and the mar
ket was confined to professional traders, and
In the absence of news calculated to affect
prices, moved very little in any direction.
NEW YORK. July 24.-Money on call easy
11a@3 per cent; prime mercantile paper, 40
5; sterling exchange dull at S4.s524 for sixty
day bills and s4.S6s4 for demand. Govern
ment bonds were dull and steady. State
bonds were dull and firm. Railroad bonds
were dull and generally firm; sales, $1,31S,-
600. Trading was quiet and mOnotonous, eX-
cept in Texas Pacific issues. Some few i'm
portant declines were made. Baltimore s.
Ohio, Parkersburg branch, is up 1 at 126
Chesapeake & Ohio, series B,coupon off ~ at
76: Morris and Essex lists l at 143 Indiana,
Bloomington & Western issues show the effect
Of the rumors circulated about the company S
affairs and the lists are "a higher at 95; the
dc A Of D. fhQ inan Of o,,1 flaE
ern divisions IS 21a at %; Lake Shore divl-
dend bonds III at 1241a; Lake Erie & Western
lists at So; Minneapolis st. Louis 2dS l at
92; Southern Pacific Of California lists l at
liz; Wabash Is of 1879 l at 80. This was an
other day in which the absence Of most
| spectators from the street caused an ex-
| ceedingly dull and uninteresting market
There was little news, but the usual supply of
| rumors some of which were used with effect
| AdviceS from the West continued nothing but
| reports of damage to the corn crop, while
| certain members of the late Chicago party
| are quoted as taking very unfavorable view
| of the crop prospects in that region, and con-
| sequently of the prices of stocks. Reading
became strong: the other coal stocks, sympa-
thizing to slight extent. Northern Pacifics
| were again strongest on the list. There were
rumOrS at1oat that the Indiana, Bloomington
& Western people hal succeeded in making
| compromise with the Cincinnati, Sandusky &
Cleveland. The market was Irregular at the
opening, the principal changes being an ad-
vance of u per cent. in Louisville &
Nashville and 3s per cent in Della
ware Hudson. The subsequent trad
ing was extremely dull and uninteresting
throughout prices being generally heavy
until the close, when there was some little
| Improvement, the market closing steady.
Finally prices showed insignificant. changes
only from those of last evening, declines pre-
| dominating. Louisville Nashville is up Il :;
| Indiana. bloomington 81 Western. IL. Con-
| solidated Gas shows a decline of ~ The
total sales of stocks to-day were 113, ,O31
| shares, including:
D.L.& Western. 7,606Reading $3.50
Erie. .......... $500 st. Paul. ....... II, $40
Lake Shore. $3.50 Union Pacific. 6,100
Louis. Nash. O,455I N. P. preferred 9,619
Northwestern. 3,900IOre. Trans 4,62O
Northern Pac.. $3.50