St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-22
FINANCIAL.
New York

SpoCldl W CuG 0lOOCs
NEW YORK, July 21.-The market opened
to-day shade higher than yesterdays clos
ing, and decidedly firm feeling was de-
veloped in the early dealings and Lake Shore
and Kansas & Texas led with an advance of
about per cent. each. 1t was said that the
Vanderbilts were buyers of Lake Shore.
Lackawanna was barely firm. the settlement
of the question Of allotment for August hav-
ing apparently been discounted in the small
advance yesterday. Chicago advices were to
the effect that the details of the pool on bust
ness west of Chicago were being agreed
on, the outlook for paying
rates in that territory were on the whole ia
vorable Jersey Central dropped 81 per cent.
on decision Of the court of appeals setting
aside the decision of Chancellor Runyon Or
deriug the sale Of tho Reading first and sec
ond series per cent. bonds pledged to Sc
cure the payment of the floating debt of Jer-
sey Central. Points were out to buy Kansas
Texas 1t was said that 10, 600 shares were
shipped to Europe last week, and 5000 more
broken up for shipment. 1t was reported on
the authority of director Of the road that
Indiana, Bloomington Western would settle
the claim of the Cincinnati, Sandusky Il Cleve-
land by paying about one-half Of the amount
demanded and that no reorganization or
assessment Of the stock would take place.
After temporary dizziness and a fractional de-
cline, tho whole market strengthened and adj
during the day. On the announcement that
the finance committee Of Jersey Central had
made traffic agreement with the Baltimore
& Ohio for two years, Jersey Central ad-
vanced full / per cent. One OF the most
unexpected occurrences in q long time was
the reduction in the dividend of Illinois Cen
trail, the directors to-day declaring so per
cent semi-annual dividend. The best prices
of the day were not sustained. The general
list, however, closed at about the top.
NEW YORK, July 21.-Money on call easy at
1902 per cent Prime mercantile paper 40
5. Sterling exchange dull at S4.S5I for sixty
day bills, and $4.S6$4 for demand. Govern
ment bonds were quiet but steady to-day.
State bonds were very dull but steady. Rail-
road bonds were quiet and generally firm.
Total sales, 81, 500, 900. The Texas e. Pacific
Rios were first in activity, their sales footing
up S29S, 900. It was said that the representa-
tives of the English bondholders had agreed
! to indorSe the plan of reorganization formu-
| lated by the Rio Grande committee, and that
Receiver Brown allotted to the latter 100000
of receivers certificates which they had ap-
| piled for. The Missouri, Kansas s. Texas IS
| were also active, their sales being
$4,000, and are g higher at 96s4;
| Iowa, Eastern division IS are up at TO-;
| Houston g. Texas, general IS, 2% per cent. at
| SO. Northern railway of California firsts are
| up 81 at 1877; Northern Pacific 1st al 116.
| The stock market today, although recording
| more business than usual last week, was yet
a traders market only. The market to-day
was subject to fits OF activity and strength,
| or vice versa. Lake Shore was the princi-
| pal attraction and was bought freely by
| London, which also purchased Erie and
| Union Pacific. Bull points on Lake Shore
were plentiful last night, and it was reported
that something was to be made public favor
able to the stocks. Union Pacific was strong.
| The coal sroclSs were barely steady, and Jer-
| -pr,a5 m a mi
| adverse decision of the New Jersey court of
| appeals, but recovered later on the report
| from the meeting OF the committee on the
Baltimore & Ohio proposition. The room
| traders were of a bullsh turn Of mind, and
| material advances were made toward the
close The opening this morning was
steady, the extreme differences being
an advance of d per cent in Reading
and a decline of "a in New York
g. New England. The market was alter
nately strong and active aud weak and dull
| throughout the entire day, and different
| stocks at different times led the market, but
| general advance took place in the last hour
and the market closed firm at about the best
figures of the day. The inactive shares were
| absolutely featureless. The closing figures
generally show advances, Lake Shore being
up per cent. and the others fractional
amounts only. New York s. New England
was M lower, however, and several others
smaller fractions. The total sales of stocks
| to-day were 232, 1856 shares, including:
D.L.& Western. 27,S40IN. Y. Central. $500
Erie. .......... %, 200 Pacific MALL. $500
| Kan. & Texas. q, 1884 st. Paul. ....... 5,1Si
Lake Shore. %. %, e19 Texas Il Pacific. 1866
Louis. g. Nash. 6,325 Western Union. 5,22(
Northwestern. $3.50 Union Pacific. 1855
N. j. Central. :. S,650IN. P. preferred $500
H. w. DAVIS & CO.,
GRAIN. PROVISION AND STOCK
| BROKERS.
One-Cent Margin Plan