St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-02
FIN ANC1A7.,
New York.
Special to the Globe.

| Special to the Globe.
NEW YORK. July 31.-The story this morn
| ing was that the recent advance in New York
| Central was on steps taken locking toward q
closer union of the Vanderbilt lines. All the
| Vanderbilt were again strong, New York Cen
| trail touching Ill and Michigan Central S0h.
The news in regard to crops was rather more
| favorable. Vice-President Sykes of the
| Northwestern was quoted as saying that the
harvest was now in progress throughout Da-
kota and Minnesota and that wheat was turn
ing out much better than had been antici-
pated Northwestern earrings, he said,
were showing a steady increase of So, 900
ia Sd, 600 per day. The Granger stocks were
inclined to advance following the movement
in the Vanderbilts. Mr.. Armour was quoted
bulish on st. Paul. Kansas & Texas was
active and higher. The point was made that
the crops in sections traversed by that road
would be very large, and heavy business for
the ensuing year was already assured. The
annual report for the Louisville g. Nashville
| road it was said, will show that the company
has earned all fixed charges and has paid
$500, 600 taxes, and has surplus of $500, 900.
The July earnings are expected to increase
$4,000. Bull points were out on all the Gould
| stocks. The general market improved about
midday. Sales 10000 shares.
NEW YORK, July 31.-Money on call easy
at 11a0G21a per cent. Prime mercantile pa
per, 405; sterling exchange dull and un-
changed. Government bonds were dull and
steady to-day. Stock bonds were dull and
firm. Railroad bonds were quiet and gen.
orally steady. Sales So. 119, 500; afioat S112,-
900 in excess of yesterday. Indiana Bloom
ington s. Western incomes were the only
active bonds on the list, and are / Il per cent.
higher at 31A. The general list was quiet
and steady. Denver & Rio Grande Western
lists assented are up 1 at s31a; Chicago. St.
| Louis & New Orleans 5s, 2 at 119; Louisville
~ Npc hyyiIl 1ixyici
Texas Pacific terminals, Ia at sly; Indi-
| ana, Bloomington & Western Eds are down
at rs. The total sales of bonds for the week
were S14, 900. against $40, GAL 600 last week
To-day's market while presenting the
usual Saturday dizziness was en-
| livened by several movements in
different stocks. The early morning ac-
| tivity and strength were shown by Kansas &
| Texas, principally in the extension of the
| money pool along the Southwestern roads.
! The Vanderbilts limited their upward course
! London again being free buyer. The rise
| was accompanied by a report that the divi-
| dend would be increased later on in the year
| and the story OF the union Of the Vanderbilt
| lines into one corporation was again revived.
| The afternoons trading was marked by an
| advance in Lackawanna and the Changers.
| The movement in the 1rst named was caused
| by buying of a prominent operator closely
Identified with the company. The advices
from Chicago were more hopeful to-day and
| it is believed that the Chicago party has, or
is about to change front on their specialties.
| Opening prices were generally from q to "a
per cent higher. In the early trading the
| VanderbitS Missouri, Kansas and Texas
monopolized the business. The advance con-
tinued until nearly noon, when the next be-
| came extremely dull and featureless, but in
| the last hour the buying of Lackawanna and
the stories in regard to the settlement of the
| suit against Western Union revived the in
| terest in the market and closed firm at
| about the best figure recorded. Final
prices tonight show net gains for
almost everything on the activelIst. Colordo
coal is up "; Michigan Central, IL. Com
pairing prices tonight with those of week
ago, everything shows material advance.
Michigan Central leads the list with 81; New
York Central. as; Missouri Pacific 4; Texas s.
Pacific, 27s; Lackawanna, 25s; Lake Shore, 2;
| and others less amounts. The total sales of
| stocks to-day were 155, 81 shares, including:
| Del, Lac. W.. Ia, 600 Pacific MALL. 5,42O
Erie ........... $500 Reading. $500
| Kansas Il Texas Is, 565 St. Paul. ....... II $40
| Lake Shore. -. 10,012 Western Union. 1910
| LOUSY le&Nash 4,145 Oregon Trans. $3.50
| Northwestern. SOLO