Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-04-04

Lake Shore, Chicago & Northwestern, Denver
| & Rio Graude, Northern Pacific preferred and
| New York Central were most conspicuous.
This was followed by a recovery OF 3sG21s
per cent, Philadelphia d Reading leading
therein, but subsequently another decline OF
Is to AZ per cent was recorded, Oregon Navi-
CATION, Western Union Telegraph, Louisville
& Nashville, Northern Pacific common and
preferred, HANNIBAL & st. Joe preferred, Texas
Pacific, Michigan Central and Denver q Rio
Grande being conspicuous IN the downward
movement. In the early part OF the afternoon
the market recovered 1l921S per cent, West.
ern Union Telegraph and Chicago, Milwaukee
| & st. Paul leading In the advance. but in the
late dealings reaction of H8lH per cent.
took place, the latter for Philadelphia & Read.
ing and Chicago & Northwestern, while Han
nibal & st. Joe preferred advanced 2Sss per cent.
and fell off Il per cent. Az advance OF H@2
Der cent, the latter for Philadelphia & Read
ing, was succeeded by sudden decline OF $50
1M per cent. in the final dealings, Missouri
Pacific, Denver g. Rio Grande, Western Union
Telegraph, Louisville s. Nashville and Texas
Pacific being prominent therein, while Oregon
Navigation sold up IS per cent. at the close
The market closed weak and 1s94as per cent.
lower than Saturdays closing prices, the lat
ter for Lake Shore. The shock which the
market received this morning has left the
street more or less distrustful. 1t is said VIM.
81. Vanderbilt has declared he will do no busi-
ness nor have any regard for the stock market
until after the funeral of his brother. The
worst feature of the days Developments, says
the Post, Is that it shows how dependent the
cou: Sc of general speculation in the stock
market still is in certain individuals. Prices a
few weeks ago were rammed down below what
they should have been by individual influence,
and have been raised since largely because OF
the stronger arm of individuals combined
against the former. 10 neither case were
values taken as much into account as they
should have been, but it Is hazarding little TO
say that values have been more regarded In
the recen. recovery than they were in the eX-
treme depression witnessed three weeks ago.
A Boston special says: The drop this morn
ing in the New York market was surprise TO
outside operators and caused something OF
furry affecting Boston specialties. Discrimin-
ating men, however, say the Boston market
has shown very little stock last week as in
yestment, and that there is less than usual In
the hands OF the public. The fluctuations
have been frequent, but after the second call
the list showed but little change from Satur-
days figures.
A special from Philadelphia says: The local
stock market to-day felt the Oppressive in
fuence of the decline in New York, though ii
showed much more steadlness and the decline
was not so marked and the recovery more
rapid. As an example of this Northern Pacific
preferred was much stronger here than in Wall
street and quotations we're generally Is per
cent. better. There were large dealings in
Philadelphia q Reading, but the noticeable
feature was the number of BUYERS options,
showing a prevailing idea that Philadelphia q
R .ading Is purchased and will advance before
many days. There was no local news to affect
the condition of affairs. The general talk was
that the removal Of "pegs" In New York was
the only cause for the decline. The city coun-
Gil of Philadelphia has authorized the law
committee to investigate rumors OF con-
bination between the Western Union Tele-
graph and Mutual Union Telegraph companies
with view of securing forfeitures of the lat.
ter's bond for $4,000, and its reversion to the
city of Its poles and wires in case the truth OF
the report is established.
W. P. futile & Co., brokers belonging to
the Stock Exchange, suspended payment this
afternoon. The differences against the firm
are not believed to be important IN amount.
The earnings of Denver & Rio Grande for
March were $685., 055; same month last year,
1896, 49S; earnings since January l, $,439, $50;
same period last year, 81 ,023,649. Breaks il
stocks caused some shifting Of loans and OF
course the money sent away to facilitate the
April settlement has not yet begun to rettrn.
On the other hand money is coming ous OF
the treasury freely and ii is fair inference the
high rates this afternoon were artificial. \he
last quotation for money to stock brokers WIS
4 per cent. Payment has been stoppe. on tLN
last letter of credit on Barring, of London,
number $50, for EGO.
The transactions aggregated 650,000 shares:
Delaware, Lackawanna s. Western 12,0iO;
Denver & Rio Grande III ,00l; Erie 1900; Mis-
souri,, Kansas & Texas 16 QUO; Lake Shore AL
600; Louisville & Nashville $4,000; Missouri
Pacific "a, 900; New Jersey Central 10000; New
York Central 1900; Northern Pacific $4,000;
Philadelphia s. Reading 1000; Chicago, Mil
waukee & St. Paul 1900; st. Paul d Omaha
IL 900; Texas Pacific "a 900; Wabash, st. Louis
& Pacific 1900; Western Union Telegraph
$4,000.
Afternoon Board Quotations.
GOVERNMENTS.
Skies extended. .10114 Fours do... ....11sA
Elves do. $500. .102% Pacific 6s of '95..1S0
AS coupons. lib
STATE BONDS.
La. consols. -. 63N Tenn. Is, new".. 4s1S
Missouri 6s.. .l131S Virginia 6s...... S5
St. ..l97 Consolsst.. ...... III
Tenn. 6s, old..... 49H Deferred. lib
RAILROAD BONDS.
G. P. Bonds, 1sit115 q. P land grant. 112X