St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-11
Now York.


Special to the Globe.
NEW YORK, July 10.-The stock market
was inclined to be quiet to-day as is usually
the case on Saturdays. Except in Western
Union, Pacific Mail aud the Changers, which
were sparingly traded in by the cliques, the
market was almost entirely left alone. II
was said that the Wormser pool in Western
Union had unloaded its stock and that de-
cline in that security was in order. Mr..
Wormser himself. however. said that he
still bought of Western Union
and believed it to be purchase
around present prices. Reports of rain in
the Northwest and a general improvement in
the condition of crops III that section caused
fair buying of St. Paul and Northwestern,
aud fractional advance was scored. There
was some strong bull talk on New York & New
England and on Consolidated Gas. Bulls on
the latter said the reduced tariff had resulted
in an increase of business sufficiently large
to insure the payment of at least and
possibly per cent. dividends. The news
from Chicago regarding the freight-rate
troubles among the Western roads were
rather unfavOrable, though it was stated that
another conference of the managers OF the
roads in that section would be held to-day
and another effort made to arrive at settle
ment. For the first week Of July St. Paul
earning increased $4,000, and it was esti-
mated Northwestern earnings for the same
period would increase about So, SOC.
NEW YORK, July I0.-Money on call easy at
1I2 per cent. Primo mercantile paper 4Ql5c.
Sterling exchange unchanged. Government
bonds were dull and steady. State bonds
were quiet and firm. Railroad bonds were
quiet; sales 81 ,252 600. Prices were some
what heavy In the early trading but recovered
generally in the latter dealings and final prices
show irregular changes, the declines bearing
a ttan Tndi
Bloomington and Western lists are down "a
Gle and the East division 6s, $4,000, but the
incomes are up 2Q24%c. Stocks were very
dull. The only feature of interest was the
Western Union, which. on the announcement
that the jury in the suit against the compan y
had disagreed moved up one cent in the space
Of hour and the receipt CT the news
| that a verdict had been reached responded
slightly and held firm for most of the after
noon. At the meeting of the Pacific Mail di-
rectors nothing was done except to reject the
offers made to the company and the situatio L
in the transcontinental affairs consequently
remain unchanged. The stock was dull and
heavy throughout the day. Consolidated Gas
which has been steady for the past few days
! took an upward turn to-day for no apparent
| reason. Erie was bought moderately by Ger
man houses IN the morning, but later settled
down to Quietness with the remainder of the
market. There was q tame and Spiritless
opening, first prices being irregular, but diff.
fering generally only q to Il from last even
ing's closing figures, although Louisville 6
| Nashville was up a and Missouri, Kansas
Texas is up IS. Prices were firm to strong
| under the leadership of Western Union, but
| the trading was accompanied by no feature
of importance, and after the first hour OF
business became exceedingly dull anG
| uninteresting. The firm tone continued
| until near the close, the genera
news from the West including the fact thai
the general managers at last met and was
| considering the passenger rate war, helped tc
sustain prices against the usual Saturday
| liquidations until near the close when values
yielded somewhat, the market closing dull and
heavy close to opening figures. The net re
suit Of the days business is slight advances
for most Of the active list, Lake Shore and
Northwestern leading with q each, while
Consolidated Gas and Erie preferred gained
IL percent. each. The total sales Of stocks
| to-day were III shares icluding:
Erie. .......... 1885 st. Paul. ....... 1915
Del. Lack. u w. 1O,34O Union Pacific. 4,340
Lake Shore. $3.50 Western Union. 10, 75s
Northwestern. 1920