St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-10

were generally inactive bonds, however, and
the active issues were almost invariably
specially stronger. The Texas Pacific 2os,
the st. Louis. Arkansas & Texas trust e.
ceipts, and the International issues were
most conspicuous for strength and all mace
marked advances. In addition ID these,
however. many inactive issues scored
gains and Iron Mountain IS, Hooking Valley
Is, LacleGe Gas 5s, Central Washington lists
and some others were conspicuous The
sales aggregated $780,, 900. Government
bonds have been dull and steady. State
bonds have been dull ana without feature
The Post says: The advance in Missouri Pa
cific was caused by the understanding that
the company is about TO issue collateral trust
bonds to take up the floating debt. ETC., etc.
Inquiry at the Missouri Pacific Office proves
=: =: Re port correct. The MISSOURI Pacific will
deposit with some New York trust company
$40, 250. 900 of the bonds of auxiliary roads
recently constructed in Missouri, Kansas and
81 100000 of MssOuric Pacific first mort
gage collateral trust per cent thirty year
bonds, which will be offered to the Missouri
Pacific stockholders at 80, together with
bonus of one share of new missouri racine
stock with every Sl.000.of the bonds. Upon
the further construction or completion OF
these auxiliary lines and the further deposit
of their bonds as collateral up to the
total amount of, say. Sl2.oo0,ooo, the
Missouri Pacific company collateral trust os
VIII De issued 10 Slo,Uoo,ooo, WHICH !: t4o
authorized limit. The purpose OF the issue
Of this loan is to pay the Indebtedness OF the
Missouri Pacific inquired i'll the construction
of these auxiliary lines and for additional
rolling stock which has been required and
purchased The entire bonus of stock on the
S10.O00,O 900 of collateral trust bonds will
amount to $1,000,0u9 and there will be
further issue of S2.0J0,000 with which to
purchase $4,000 900 of the stock of the Iron
Mountain road not now owned by the mis-
~1.E nnrnf n
sour Pacific stock SO, 900, 900 to S47, 974, 900
Jay Gould, in conversation to-day, expressed
some doubts about the speedy settlement OF
the Western rate troubles. He regards the
Union Pacific y northwestern contract as the
chief obstacle, but also expresses the opinion
that that alliance will be maintained and
that it will be necessary to take 1t into ac-
count as permanent at least for consldera-
bic time. The solution which looks most
feasible to him is TO take all the roads west
of Chicago, and to some leading competitive
points in Colorado. Nebraska and Kansas,
into an arrangement similar in effect to the
trunk line pool, by which all roads which did
not gel their just proportion of through busl-
ness should be granted diHerenual rates,
which, upon experiment, should be read
justed from time to time until they did get
their proportion of the through business.
But while expressing these somewhat doubt
full views OF the speedy settlement OF the
troubles in regard 10 through freight rates,
Mr.. Gould said that the local business of all
the roads, and that part not subject to compe-
tition, was so large, and increasing so rapidly,
that the roads might almost throw away the
through freight business for the sake of
harmony and to prevent the disturbance OF
their other business, which is the best for
many years. Though non-committal, Mr..
Gould's talk makes the impression that
he expects higher prices for stocks. The
total sales of stocks to-day were 474, $50
shares. including: Atchison, 22,793; Canada
nQ1oyUarp q n
Western 2O,332: Lake Shore, 4,025; Louis
vile & Nashville 1868; Missouri Pacific,
SO, 1855; Northern Pacific, 7,4z5; Northern
Pacific preferred, 5,755; Oregon Trans
continental, 1876; Reading, $40: Rich
mond Il West Point, 20,944; St. Paul &
omaha, 6,O7o; Texas Pacific. $3.50; Union
Pacific, $50; Western Union, 1880;
Wabash preferred. Il. 800.