St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-14
Western Associated Press.

western Associated HreSS.
New YORK, April 13.-Government bonds
are quiet and unchanged in quotations, except
an advance of Il per cent. in the IS to 1861, at
which there was a sale late this afternoon.
State securities were quiet and prices steady
The railway bond market was not very active
but the business done was very well distributed
and prices, while irregular, are in many cases
higher. Even the Erie IDS were not active
The total sales were ss72, 500, a decrease Of
SAG, 900 as compared with Saturday.
At the opening of the stock exchange this
morning there was q rush by the shorts to cover
as we'll as by the bulls to increase their holdings
and the first prices were generally H0n per
cent higher than they closed on Saturday even
ing. The early transactions were accompanied
by unusual excitement and further advance in
prices, generally, however, for fractional
amounts. The news from Europe was interpreted
as indicating that war between England and
Russia was inevitable, and this was further con-
irmed by the decline in British consols as re-
ported here to 94l. fall of Is per cent. from
the closing price last week. Early dealings gave
promise of extremely active and excited
market for the day, and in the first hour the
sales were over 100000 shares, but before II
o'clock, without sny apparent reason for the
change, the market assumed much more quiet
tone and Quotatins began to weaken. After the
first hour until the closing of the board at g
O'Clock to-day there was not single feature of
special interest. The fluctuations were within
extremely narrow limits and the tendency was
slowly toward lower quotations, and the market
finally closed at prices which are irregular a.
compared with the closing prices last week, but
generally within q small fraction OF those figures
for the most active stocks. The total sales for
the day were 1870 shares, decline from
Saturday of IS, 900 shares, but more than one
half Of to-day's business IS stated was done in
the first hour and the total sales of Chicago, Mil
Yankee & ST. Paul, Chicago Sc Northwestern
and Delaware. Laekswanna & Western amounted
to 100, soc shares or more than half Of the total
transactions fos the day. Over 20 per cent OF
the days business was in the three stocks just
mentioned and Lake Shore, Pacific Mall and
Union Pacific OF no other stock did the totSl
sales amount TO as much as $4,000 shares. There
some very curious manipulation of Mutual
Union Telegraph stock to-day that has already
become the subject OF investigation By the
governor When Mutual Union Telegraph
passed under the control Of the Western Union
an agreement was made by which the stocks os
the Mutual Union shcul1 be exchanged for those
n new company known - the New YorS
Union Nearly all the stock has been 80 ex-
changed for the latter company. II appears that
some one inside disclosed the fxcs that small
amount OF Mutual Union stoek still remained
unchanged, and upon such information zhrewd
oGt-Of-town speeuIsfOr opened numerous &C
counts with brokerage houses in this city os
small margins, snd on Saturday autographed TO
each house to sell 1000 shares Of Mutual Union;
that the stock had beeu forwarded By express
and vOald be here in time 20 make delivery
to-day. Unfortunately for the brokers who sold,