St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-01

that to-day was holiday in Berlin and to-
morrow will be one in London. The high
figure cables from London are in some
measure due to the fact that two weeks in
terest is carried upon them. and when the
next settlement day comes their figures will
be more upon parity with ours. There was
no response to the London buying this morn
ing, and first prices were generally un-
changed or but slightly different from last
evenings figures, and the pressure to sell,
Notwithstanding the support of the foreign
ers caused fractional recession In the
early dealings which was followed by
comparative dizziness. This seemed to
bring in new buying again, however, and the
when high rates for money. which rose to 6
per cent, again sagged the list off, though
the close was quite firm. The strength
shown at times by Canada Southern, Rock
Island, Burlington & Quincy and Northern
Pacific preferred. helped on the rally mate
rally. The final changes are without excep
ton for fractional amounts only. Railroad
bonds also felt the reactionary temper in the
market, and while there was still
an active business transacted, the tone
of the dealings changed to heaviness and to-
night majority Of the important changes in
quotations are declines. Considerable irregu-
larity marked the trading, and while Reading
convertible incomes, Michigan Central
sevens, the Hooking Valley issues and Alton
dividend bonds were the strong features,
Northern Pacific terminals, Norfolk & West
ern fives. Lackawanna convertibles and some
others were prominently weak. The transac-
tons foot up so, 27S, 900. out of which Atchi-
son incomes furnished S315, 600 and to.day's
Pacific seconds SlS7, 900. Government bonds
have been dull and steady. State bonds
have been dull and without feature.
The Post says: 1.-THE news to day was OF
bullish character. Mr.. Gould's statement re-
speeting his position had a strengthening
effect on the MARKET and the prospect of the
settlement of the Western rate troubles in
creased the bullish feeling. The chief factor
in the market however, was the buying for
foreign account, together with the easy con-
dition of the money markets both here and
abroad. The advance or four points in the
Green Bay income bonds in the last week is
believed the preliminary move in an ADVANCE
of all the Green Bay, Winona & st. Paul
securities. The immediate cause OF the
advance is the fact that the Delaware,
Eackawanna & Western people, who con-
troll the Green Bay & Winona have recently
made large subscriptions to the securities OF
the Winona & Southwestern. and are push
ing the completion of that line TO Omaha,
which will give the Lackawanna a through
line to that point. The Lackawanna people
are therefore interested in making the secur-
tiles of both the Green Bay & W1nona and
the Winona 4 Southwestern active. The
features to-day were Northern Pacific pre-
ferred, st. Paul. Rock Island. Louisville and
the San Francisco stocks. The total sales of
stocks to-day were 365, 500 shares, including:
Atchison 12,325; Canada Southern. 1910;
Delaware. Lackawanna l. Western. 10, 591;
Lake Shore, S,210: Louisville & Nashville,
2O533 Missouri Pacific, 16,095: Northern
Pacific. 1897: Northern Pacific preferred,
1850; Oregon Transcontinental. 6U25;
Richmond & West Point 10, 1870; st.
Paul, 46, 245; Texas Pacific, 1878; West
ern Union 1850.