St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-29

Chicago Gas company was Immediately
attacked, and the price ratified OH In the
space of little over on hour per cent,
with close sympathy in Sugar Rein
cries. Such drop could not fail to have
some depressing effect upon the reg
ular list, but it extended only to
fractions and the opportune announce
ment that all the roads except the st.
Paul had agreed to restore rates, effect
ed a complete revulSiOn Of temper in
the granger stocks, and they were i'm
mediately advanced to still higher fig
ures than before the break in the trusts.
The rally in the general list was fol-
lowed by recovery in the trusts, but
they finally shook themselves loose en-
tirely from the rest of the market. and
Chicago Gas again touched the lowest
price, while Sugar continued to decline
until it's extreme loss was equal to
that in Chicago Gas. The other
industrial stocks sympathized to only
to limited extent. The regular list
was firm and under good buying from
commission houses with some orders
from London and other outside centers;
the hesitating tendency of yesterday
entirely disappeared, and prices moved
up steadily though slowly during the
entire forenoon. Pacific mail was a
marked exception, showing sharp
gain of about " per cent. and among
the specialities, citizens gas displayed
a little strength. The activity and
steady advance in the Vanderbilt's was
also regarded as indicative of the
strong foundation under the market,
and Reading, Atkinson and grangers,
came to the front while the bust
ness done was much more evenly
distributed than usual of late. The
break in the trusts disturbed this tone
for while, but the recovery was quick,
and the highest figures Of the day gen.
orally were reached toward the delivery
hour. After that time, however, the
selling became more pronounced, and
the market closed rather heavy at some
thing off from the best figures and with
the trusts at their lowest. The final
changes in the regular list are almost in
the direction of higher prices. and Citi-
Zen'S Gas is up 11ac, and Pacific Mail
136c. Chicago Gas, however, lost 636c,
and sugar SIC, Railroad bonds were a
little more active, and displayed a
firmer tone, which, however, was inter-
rupted somewhat by the furry i'll
stocks in the afternoon. The final
changes are general advances,
but the important ones are
few. The sales of all issues ran up to
81, 922, 900, with AtchiSon incomes, Texas
Pacific seconds, Reading fours and
thirds leading in the dealings. The st.
Paul l. 81 D. extension sevens, Cleye-
land & Canton irsts, Illinois Central
three-and-a-halfs and some others were
specially prominent for the advances
made. Government bonds have been
dull and steady. State bonds have
been entirely neglected. The Post says:
1t is the impression in the street that
the Canadian Pacific railway has Sc
cured control of the Pacific Mail. and
that its interests are represented in the
board named. Undoubtedly the object
of the Canadian Pacific in getting con-
troll, if it has control, Of the Pacific
Mail was to prevent the consuma-
ton of the trade between the
Northern Pacific and George Gould,
providing for the running of steamers
to Tacoma. This may result In the
establishment of another steamship
line, but this is deprecated by Mr..
Cakes, who believes that the proper
solution OF the question lies in the con-
solidation Of the Pacific Mail, the ORR
entail & Occidental and the Canadian
Pacific lines and the recognition of Ia
coma by a monthly or semi-monthly
steamer to and from that port. An ar
rangement of this kind would give San
Francisco, Tacoma and Vancouver all
the China and Japan service they need.
The total sales of stocks to-day were
514.644 shares, including: Atchison,
1895; Delaware. Lackawanna & West
ern, $500; Lake Shore, 1850: Missouri
Pacific. 1885: Northern Pacific, 9,100;
Oregon Transcontinental, 81, 500: Pa
cific Mail, 6,127; Reading. 53,025; Rich
mond & West Point, 1929; st. Paul.
SO, los; Union Pacific, 1877; Western
Union, 1928.
Chicago.
CnIcAan. MAY 2a.-Clearings. So. 30. 600