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

ent condition. of the railroad war. fnere
is nothing to show shat the first settle
ment contemplated is intended 10 covel
anything but passenger trains, -W'iitio
the war of freights. which represent sS'le
most important part of the railroads
earnings, is likely to continue. The
market was up and down within narrow
limits. with no movement at all worthy
of note in the general list, and only i'll
few SpeciatieS was there any move
ment. Oregon Improvement, the
Chicago, st. Louis d Plttsburg stocks
and one or two others made sharp up
ward Spurts, but these constituted the
only features in the trading. There was
better tone developed toward the close
on the scarcity of stocks offering, and
the close was fairly active and firm at
insignificant changes for the day. st.
Paul. AtehiSOn, Oregon Transcontlnen-
tai and Richmond d West Point were
the active stocks. Railroad bonds were
quiet to-day, the sales for the session he
ing 81 $4,000. with Texas Pacific Dds
and AtchisOn incomes the leading feat
ures. The tone of the dealings was still
firm to strong, but as usual OF late the
important changes were few in number.
Northwest consols rose to 1874; MIS-.
souri, Pacific IS, to 100. The sales OF
bonds for theweek aggregated SIP, 432. oOO
against S11 $4,000 for last week. Gov
eminent bonds have been dull ana
steady. State bonds have been dull
and neglected. The exports OF specie
from the port of New Xork last week
amounted 10 $3.50, 1898, Of which SS6,67o
was in gold and S197, 220 silver. The I'M
ports of specie for the week amounted
to $50, SO7, of which IS, 176 was III gold
and S72, 631 silver. The Post says: The
early prices for stocks in London this
morning were generally lower than the
closing quotations here last night, ana
this was followed by lower prices here
for nearly all stocks throughout the
short session. A reaction has been eX-
pected for several days past. Prices
had gone up so slowly for two week that
the professional spectators, many OF
whom had carried long stocks for two
OF three months, had pretty we'll
sold out, and many of them had put out
lines of shorts in st. Paul, Union Pacl-
tic, LackaWanna, Northern Pacific pre-
ferred, Burlington and some others.
The news of the cut made by the East
ern Minnesota and Northwestern Steam
ship company on through freights from
the Northwest to the Atlantic Seaboard,
thus threatening to cause another
freight war among ali the Northwestern
roads, together with the reports OF the
labor strikes in Europe and the United
States, also had some effect. The re-
action, however, was much smaller to-
day than might reasonably have been
expected under the circumstances,
showing that there is an extremely
strong prevailing sentiment in favor OF
a continued rise in prices, which is not
likely to be changed, except by
something more untavOrable than tue
occurrences of the last day or two.
There is a reasonable probability that
prices may react still further on the
first two or three days of next week, but
at any considerable reaction the profess
sional spectators are pretty certain to
be buyers again, because they see it is
easier to advance prices than to depress
them. The total sales of stocks to-day
were 1885 shares. including: Atchl~
son, 1885; Canada Southern, 3,725;
Louisville 81 Nashville, 3.100; Missouri
Pacific, 1900; Northern Pacific pre-
ferred, 2,2l5; Oregon Transcontinental,
70, 800; Richmond u West Point, 11,745;
st. Paul, 14,S40; Union Pacific, $3.50