St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-01
FINANCIAL.
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 Gen.
trail touching Ill and Michigan Central S0%.
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 steady increase OF $4,000
ia $4,000 per day. The Granger stocks were
inclined to advance following the movement
in the Vanderbilts. Mr.. Armour was quoted
bullish 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 Nashville
road, 1t was said will show that the company
has earned all fixed charges and has paid
$4O0,000 taxes, and has surplus of $500,000
me july earnings are expected to increase
$4,000. Bull points were out on all the Gould
stocks. The general market improved about
midday. Sales 0,000 shares.
NEW YORK, July 31.-Money on call easy
at 11a(8215 per cent. Prime mercantile pa
per, 405; sterling exchange dull and I'M
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 q Western incomes were the only
active bonds On the list, and are ~ per cent.
higher at 314. The general list was quiet
and steady. Denver s. Rio Grande Western
lists assented are up 1 at S31a; Chicago. ST.
Louis u New Orleans 5s at 49,; Louisville
& Nashville, St. Louis division IDS, 2 at 81;
Texas Pacific terminals, IL at 51%; Indi-
ana, Bloomington Western Eds are down
at rs. The total sales of bonds for the week
were 81, 800 600, against $40, 941, 900 last week
To-day's market while presenting the
usual Saturday dullneSs was en-
l1vened by several movements in
different stocks. The early morning ac-
| tivity and strength were shown by Kansas s.
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 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 Grangers
The movement in the first named was caused
by buying Of a prominent operator closely
identified with the company. The advices
from Chicago were moro hopeful to-day and
is about to change front on their specialties
Opening prices were generally from "a to n
per cent higher. In the early trading the
VanderbiltS 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 i'll the market and closed firm ct
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 a week
ago, everything shows material advance.
Michigan Central leads the list with 54 New
York Central, 45G; Missouri Pacific 4; Texas &
Pacific, rs; Lackawanna, 25s; Lake Shore, 2;
and others less amounts. The total sales of
| stocks to-day were 1851 shares including:
Del, Lac. 81 W.. $4,000 Pacific MALL. 5,42O
Erie ........... $500 Reading. $500
Kansas & Texas Is, SOS st. Paul. ....... 1880
Lake Shore. -. 10,012 Western Union. 1910
LOUSY le&Nash 4,145l Oregon Trans. $3.50
Northwestern. 5000