St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-09
New York.

dull to-day, and whatever advantage there
was in the days trading lay with the bears.
The withdrawal OF the Chicago bull party
from the market exercised q decidedly de-
pressing influence. Ream and the other
prominent members of the famous bull party
were still talking bullish on the grangers, but
1t was noticed that the bull talk was not fol-
lowed by buying orders, and the street long
since became disposed to bank on the way the
leaders operated rather than the way they
talked. AS consequence the bull
talk from people out of the market had no
effect. 1t was conceded that Newcombe was
now at the head of what there was left of the
old bull party. The talk was still bullish,
however, on Lake Shore and Erie, but OPEN
ing quotations were with difficulty mann
tanned. The rest of the list was decidedly
soft, even Union Pacific losing all the adj
passage of the seventy-year extension bill.
The executive committee of the Western
Union company met to-day and considered
the question of the next dividend. 1t was
finally decided to refer the matter to the full
board, which meets tomorrow. The impress
sion was that the dividend would be
passed entirely, and on that assumption trad
ers sold the stock freely, causing break of
about l per cent. a good deal of Oregon
Transcontinental, bought recently on reports
that there was to be scramble for control at
the coming election of directors, came on the
market during the day and had the effect of
breaking that stock IA per cent. Russell
Sage and other strong parties were reported
buyers Of Consolidated Gas, which was
strong bull card all day. Oregon Railway &
Navigation declared its usual quarterly divi-
dend of u per cent. Its earnings for May
showed anincrease of about SI24, 900 and the
stock recorded an advance 2% per cent.
The active list closed at about opening prices.
NEW YORK. June S.-Money on call easy at
1%@21a per cent. Prime mercantile paper
4Ql5, sterling exchange shade firmer at I'M
changed quotations. Government bonds were
dull and 1sc lower for the AIS to-day. State
bonds were neglected Railroad bonds
showed increased activity; sales, So, 060, 500.
The most active securities were Canada
Southern ends, Erie ends, Nickel Plate
trust receipts, Missouri, Kansas & Texas IS,
and Texas and Pacific Rios, in the order
named. 1t was rumored that there was q
hitch in the negotiations between G. P. Hunt
ington and the Houston & Texas, bOndholderS,
but the officers Of the company declined to
talk in regard to the matter. The market was
strong, and closing prices generally
Western ends gained 254 at 1924; Louisville,
New Albany & Chicago lists II at 1123a
Nickel Plate trust receipts 2 at 9614, and St.
Louis, Kansas City & Northern Omahas, 3ss at
971a. There were various rumors af1oat af-
fecting stocks. There was considerable talk
and although parties interested on each side
deny any knowledge whatever, Nickel Plate
felt the stimulus occaSiOned by the rumorS
while Lake Shore remained unmoved. There
were reports of damage to the crops in the
Northwest, and also Of discussions among the
roads in that region, but the Changers led the
rise. Oregon Transcontinental was affected by
rumors in regard to the contest for election,
and the advices from Washington that the
debt extension bill would not be
touched to-day had a quoting
effect upon Union Pacific, and the action OF
the Western Union executive committee in
referring the question of a dividend to the
full board at their meeting tomorrow brought
the price of Western Union up l per cent.
There was squirt in money this afternoon
caused by the same broker who ran the price
up to Z per cent one day recently in the alb
sence Of lenders on the floor, the same tactics
being repeated to-day. Stocks were quiet and
irregular at the opening, but prices were
generally within e to Ii of last evenings
figures. Louisville & Nashville, however,
was down u and Union Pacific "a. Prices
shaded off slowly until after l o'clock, when
there was good buying in the generallist
and prices showed some Improvement.
Toward the close, however, weakness was
again noticeable, especially in Western
Union. Large buying order in the latter was
met and the market was steady. 1t closed
steady at irregular changes. The active list,
however, SHOWS Snght decnneS III the ma
jority of cases. Western Union is down II,
Missouri Pacific IL and Oregon Transconti-
mental ~. Minneapolis g. St. Louis preferred
is up 1I and several stocks fractional
amounts.
The total sales Of stocks to-day were 225, 942
shares. including
Del. ,Lack&Wes. IL, 500St. Paul & o.. lotto
Erie. 6,S75 Texas Pacific. 1856
Lake Shore. :. %, S55 Union Pacific. 1925
Northwestern. 19,235 Western Union. %, 290
New York Gen.. 4,250Oregon Trans. II, 200
St. Paul. ....... AZ, 545