St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-04
FINANCIAL.
New York.
sp~c.ai sethe Globe.

Special ecthe Globe.
NEW YORK, June 3.-The stock market was
active to-day, the bulk of the trading being
still confined to the Granger stocks. The
talk was that the big Chicago bulls had I'M
loaded the greater part of their Northwestern
and St. Paul. and had gone in for bull cam
paign in wheat. There were, however other
bulls in the street who were willing to buy
the stocks which the original bull party sold.
A pool was formed last week in the Omaha
stocks, and the buying since then has been
good. Ream was quoted as saying that
Omaha common was the best purchase on
the list, and that it would sell in the
neighborhood of par this year. The shorts in
Richmond. & Danville were again terribly
sque ezed, that stock advancing in the first
hour 8 trading from 122 to 1870. st. Paul was
barely steady, though at times inclined to sell
of. The rate wars in the Northwest were not
considered seriously impoverishIng revenues
yet, but the outlook was not thought to be at
all favorable for an early settlement The
majority of houses were still advising pur-
chases rather than sales, but at noon the
market was steady and a shade lower
than the opening. About noon the
whole market weakened under per-
sistent selling by room traders. Every
body had the point that the Chicago
bull party had unloaded big line Of stocks,
and break in the market was not unex-
pected. st. Paul appeared to be the weakest
renewed strong buying, particularly in the
Omaha stocks. 1t was expected that the
dividend on Northwestern would be an
nounced to-day, but the directors failed to
meet until after the close of the market. 1t
was understood, however, that the regular 8
per cent. semi-annual dividend would be de-
clared, and that bonds to the amount of
$50, 900, 900 would be authorized. The market
closed steady with most of the active stocks
A@15 per cent lower than opening. st. Paul
earnings for the month of May decreased
100000.
NEW YORK, June 3.-Money on call easy at
11aD2 per cent; prime mercantile paper,
405; sterling exchange steady and un-
changed; government bonds were dull and
steady; state bonds neglected; railroad bonds
were more active; sales, 81, 755, 500, of which
Erie Eds furnished 1891, 00c, Texas s. Pacific
Rio Grande's 500. 700, and Northern Pacific
ends S116,0G0 The close was irregular, with
advances in majority of cases, New Orleans
& Mobile IDS are up at 49,, Missouri Pacific
IS at 124, Texas Pacific Rio Grande, coupon
on, at SO, Rochester Pittsburg Westerns
2 at 1T, Toledo & Ann Arbor lists 2 at los and
Toledo, Peoria & Western trust receipts 2N
at 95a, Houston Texas general mortgages
IS, to So. st. Louis, Kansas City
& Northern, Carinda IS, to 20.
The chief interest in stocks, in the absence
of any news, having an appreciate effect on
values, was in Richmond Danville, which
advanced sharply upon prospect of complete
control of terminal property. Loan market
was active, and considerable business in
Lake Shore, some large borrowers. it is
thought, loaned it fiat to ease Off rates.
There was considerable weakness in Louis
vile s. Nashville, accompanied by revival
of u story of receivership. The market
opened rather heavy, generally at "A to u
decline. and Pacific Mail was Off "a and Lou
isvile & Nashville % per cent. There was
moderate business, only accompanied by con-
siderable weakness. Market rallied and be-
fore noon was in the neighborhood of opening
prices. Later, however, there was free selling
movement, and prices were carried down by
p. M, generally reaching lowest for the
day before p. m. In the last hour it
became strong throughout, generally sup
posed to be in consequence of support by the
bulls, and it closed strong, generally at small
fractions below best figures. The St. Paul
was the most active stock, and furnished g.
$50 shares; of Lackawanna, sc, 535; Omaha
"a, 100; Northwestern and Lake Shore, be-
tween 10000 and 30, 900 each. The net result
of the days business is declines of fractional
amounts in a majority of active list. St. Paul
is off "a and Louisville & Nashville q per
cent Omaha shows an advance of l per
cent. Richmond s. Danville per cent and
West Point 81.
The total sales of stocks to-day were, $780,
405 shares, including:
DEL, Lack&We s. o6,o35 New YORK Gen.. 3,065
Erie. .......... S,475 Pacific MALL. 6,490
Kansas s. Tex. l., 200 St. Paul ... 81, $50
Lake Shore..... 2,044 st. Paul & o.. "a, 1875
Louisville " NJ Is, $40 Texas Pacific. 5,275
Northwestern. %, 572 Union Pacific. 1850
New Jersey Cen 3.190 Western Union. 1920
Quotations OF Stocks and Bonds.
NEW YORK. June 2.-Following are the
closing prices bid to-day and the three pre-
reding business days: