St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-24
Western Associated Press.

thing permanent in the improvement as
yet.
Western Associated Press.
NEW YORK, March 23.-Governments bonds
strong, 4s and AIS being "a per cent. higher.
3s are 4 per cent. higher and Pacific Is of 1895
restored to 125 bid.
State Sccurities-Quiet and shade lower for
some issues.
Railway Bonds-The market was quiet and
irregular, but in some cases decidedly lower.
Stocks-The market was feverish, very irregu-
lar and active for few leading stocks all day.
Prices were Influenced largely by manipulators,
who circulated rumors which, when contradicted,
were followed by others equally as potent for the
time being, and this mode of manipulation was
kept up until late in the afternoon Pacific Mail
led the list both in point of activity and advance
in quotations, and the price moved Professionally
upward without any regard to the rest of the
market from near the opening, when it sold at
AK, to close at 525s, the highest price of the
day, and gain of AS per cent as compared
with the closing price Saturday. The report was
started in the morning that the Union Pacific
company had decided to withdraw its notice of
disseminating the subsidy to the Pacific Mail.
company were il Boston, speedy denial of
this report could be obtained, and although the
Pacific Mail officials frankly stated they had re-
ceived no such intimation and further made the
statement that they would not consider such
proposition if made. the report found many
believers. When denied by telegraph from
Boston, substantially the same statement was
started, and the bail thus kept rolling until the
close of the board. This evening Pacific Mail
officials say they have not yet received any COM
munication in regard to the matter from the
Union Pacific company. The total sales of Pacific
Mail were 96,505 shares or over 90 per cent. of
the days business in all stocks. The leading
weak stock was Chicago, Milwaukee & St. Paul,
which opened at 70%, and after selling quickly
at T1H dropped to 69H, rallied to 20, sold again
at 69as and back to 701s before noon. In the
afternoon the stock was less active at 70h Q70
until during The last hour, when it rallied to 7OA
sold again at 7Oss and finally closed at 7012, a
loss of % per cent, with sales of Co., 700 shares.
There no new development in regard TO the
dividend to be declared this week by the Chicago,
Milwaukee q ST. Paul company. President
Mitchell said late this afternoon that the ques-
ton had not been decided. The directors meet
here Wednesday. The break in Chica 60, Mil
waukee 4; St. Paul had modified the influence
upon Chicago & Northwestern, which closed at q
loss OF % per cent. The only other very active
stock on the list was Union Pacific which showed
gain of > per cent. The total sales Of the four
stocks mentioned amounted to 252, 700 shares,
leaving less than 10, 900 shares for the remainder
Of the list. Western Union Telegraph was very
quiet, marking gains, however, OF q per cent
Vanderbts were very strong and dull. The
presidents of the trunk lines held meeting at
Commissioner Fink's Office this afternoon for
the purpose of considering the present condition
of the business of their lines and connections,
the result Of which not known before the
closing OF the stock exchange Memphis i
Charleston is up / per cent to 80, Missouri
Pacific per cent. lower at 90l4, Central Pacific
up y per cent. at 31S, Northern Pacific pre-
ferred down y per cent. at 405s, Missouri, Kan
sas il Texas 4 per cent. higher at l6, and Texas
Pacific !. per cent lower at II Il. On small sales
there was an advance in Consolidated Gas of42l
per cent. to S4a. Louisville & Nashville is up
a per cent at 81 Is Chicago,St. Paul, Minneapolis
& Omaha common Is down 4 per cent. at 341,
and the preferred is 4 per cent. higher at IS.
New Jersey Central shows a loss of q per cent
at 34lf The directors of the New Jersey Central
company met this afternoon, but the representa-
tive of the Reading failed to appear and the
Central directors decided finally not to wait any
longer but TO make immediate application to the
courts for the return of the property, the neces-
sary papers having already been prepared.
serious complication threatens TO grow out OF
the failure Of the Reading company TO comply
with the term Of the lease of the Central to that
company. The Lehigh Susquehanna railroad
which is owned by the Lehigh Railway s. Navi-
CATION company, was leased number of years
ago to New Jersey Central for a long term of
years, but when the Philadelphia & Reading
took control OF the New Jersey Central this
lease was modified by consent Of ali parties and
the Philadelphia IS Reading assumed the pay.
rnents provided for under the lease. The friends
OF New Jersey Central say it is now q serious
question whether Lehigh & Susquehsnua has
not passed beyond the control of New Jersey
Central. and as Lehigh & Susquehsnna is a
profitable road they fear Philadelphia & Reading
will insist upon retaining control Of it. which
would cut New Jersey Central of from its con-
uection not oa,y with Philadelphia & heading
but with the coal fields OK Pennsylvania
The transactions amounted TO 10000 shares:
Delaware, LackawHuna 6 Western $4,000
Central u. 900. Pacific Mail 90 00O Chicago, Mil.
wadkee i st. Paul $4,000, Union Pacific 40 600
Northern Pacific preferred $4,000.
EQUATIONS OF sroczs AND BONDS.
Stocks and bonds closed at the foIlowirg
prices bid;
Three per cents .l0la Lake Shore. esE
AS coupons ILLS Louisville i ". 3ia
L. ). news +s....i22ss l.. y. A. s. c.. -
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