St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-15
FINAN CIAL.
New York.

NEW 1OEhs
Special to the Globe.
NEW YORK, June 1.-THE stock market
was rather inactive to-day, and the tendency
was Enthusiastically in the direction Of higher
prices. The efforts of the bulls, however, ap-
peared to be centered on Jersey Central,
which was by all odds the most active and
strongest thing on the list. The passenger
rate war in the Northwest exercised a de-
pressing influence early in the day on the
Changers, but, after short reaction down.
ward, buyers became moro plentiful and
Northwestern was quickly advanced point.
ST. Paul followed the lead Of North
western, and scored good advance.
The talk everywhere was that crops
in the West promised to be
exceptionally good and with big crops, it was
reasoned, increased earnings would result.
The better feeling and higher prices for the
active list started the cheaper fancies, and
before noon the market, in appearance ut
least, was decidedly bullish. just before the
close there was drop in all the Granger
stock on the announcement that the North
western had ceased reporting its business to
the Western Freight association. Later in
the day it was reported that freight rates to
Council Bluffs had been cut by several Of the
anticipated that general freight
wari involving all business west
bound from Chicago, was about to occur.
Prices, however, were stitfened fraction in
the last quarter hour. The point on Hooking
Valley worked in the wrong direction. On
Saturday 1t was given out that this stock was
to have sharp advance to-day, but on the
contrary it declined IA per cent. The story
was that an embarrassed director was unload
ing his holdings, amounting to about 10000
shares. Altogether a better feeling was de-
veloped towards the close, and but for the
unfavorable news regarding the Changers the
market would have, it was thought, closed
with sharp bulge Closing prices were
about q per cent. above opening.
NEW YORK, June 14-Money on call at ~
OH per cent. Sterling exchange dull. Ac-
tual rate St.S65404. S71@ for sixty days bills,
and S4.8S3404.S9 for demand. Government
bonds were dull and steady to-day. State
bonds were quiet and firm. Railroad bonds
In good demand and strong. Sales $2,S11 400,
OF which East Tennessee Income Trust Re-
ceipts contributed $4,000, with advance Of
~ at "a; Erie Second Consuls. $421, 600 at ad-
vance of 80 at 91H. Chicago, Burlington &
Quincy rs are up 2 at 23719; New Jersey
Southern lists 21a ut IS; Norfolk & Western
Improvement rs, 2h at S9A: Deal
lngS IN stocks were confined to
room traders. There is some talk on the
street of an arrangement by which the New
York New England will gain an entrance
into New York city over the Elevated rail-
road, and New York parties have been heavy
purchasers of the stock of late. Jersey Cen
for foreign accounts, which was accompanied
by renewed talk of Baltimore s. Ohio negotia-
lions. The story running that Baltimore
s. Ohio would come into New York July
over the New York Central tracks, and also
negotions for placing new bonds on the other
side, has been successful. The market
opened heavy at 7s@3s per cent. below Satur-
days closing. 1t became strong almost I'M
mediately and prices continued to rise almost
without interruption until 1 p. H., when
there was slight reaction, followed
by steady market until the last hour, when
there was again some business, but the mar
ket closed steady near to the best of the
day. Final prices generally show advances,
although Hooking Valley lost ~ and Consoli-
dated Gas per cent. Northwestern and st.
Paul & Duluth are each up 15s and Oregon
Navigation l per cent The remainder OF
the list is up fractional amounts. The total
sales Of stocks to-day were 244,141 shares
including:
Del, Lack&Wes. "a, st. Paul S415O
Erie. .......... IL, 1850 st. Paul & o.. $3.50
Lake Shore..... 1850 Western Union. 4,1S2
Northwestern. II, T45 N. Pacific pfd.. 3,115
N. j. Central. Ia, $40 Oregon Trans. 12,245
Reading. 5.310l