St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-23
Western Associated Press.


New YORK, March 21.-Governments are
quiet and firm, AZ per cents showing an ad
vance of u per cent. in the price bid. Others
are unchanged.
Railway Bonds-Quiet, except for few active
speculative issues. Prices this afternoon were
generally frmer
State Sccurities-Quiet and generally strong.
Stocks-The market was active, feverish and
irregular to-day, and for some stocks very weak.
Prices at the opening showed only slight
changes from the closing quotations last even
ing, except for Union Pacific, which sold first at
decline of "a per cent. at 40. A decided weak
ness was almost Immediately developed in this
stock and in Pacific Mail while the remainder Of
the list continued firm throughout most of the
forenoon. On rumors that the Central Pacific
company was about to issue mortgage for
$40, 000 000 the price of that stock broke before
II O'Clock to 29H. The bulls IN the general
market claim that Pacific Mail and Pacific rail-
roads will assume a position in the mar ket
somewhat similar to that which has existed for
some time between New York Central and West
Shore, and that at least Pacific Mail Will probably
break away from the rest of the list. At a meet
ing of the directors of Pacific Mail late this
afternoon resolution adopted directing the
president to take such steps as could enable the
company and after the lst OF May to secure
its full share OF the Transcontinen al business.
In the afternoon the market was less active but
irregular. Union Pacific touched Il before
noon, sold again at 42Q4lS and closed at Az,
loss Of 4 per cent. 1t is stated that an effort
is being made to secure the consent of Mr.. Astor
to serve rs a member Of the board OF directors in
place of Mr.. Gould. s. V. White, leader OF the
bull party in Delaware, Lsckawanns & Western,
bought 10000 shares of Lsckawanna, and Inglin
bought 10000 shares in block, seller so days,
at 99G, and bid for any part of $4,000 shares
more 1T the same price. President Huntington
of the Central Pacific was not in the city to-day,
and no official information in regard to the re-
ported issue OF bonds could be obtained. The
statement is made, however, that the Issue will
be for $40 900 900. either debenture collateral
trust bonds, and that the mortgage will contain
. provision by which the bonds can be ex-
changed for stock under certain conditions.
1t is also reported that Huntington, Stafford and
others, who loaned money to the company
through Southern development company, have
agreed to take hGlt of the issue at about par.
The report was renewed this afternoon that
the Chicago, Milwaukee & ST. Paul dividend
would either be passed or materially reduced,
and the stock fell from 72S TO 70M, but closed
At =. Some idea OF tn, range of the market
may be obtained by the statement that the total
sales of six stocks amounted to % per cent. of
the days business which was larger than usual
of late. Western Union Telegraph, while re-
naming comparatively quiet, also weak.
selling from Sc = to 55ti, but closed on q rally
unchanged a. 55L.. The market closed excited
and weak at prices somewhat better than the
lowest of the day Comparing prices this even
ing with the closing quotations week ago, the
only active stock the list which shows any
gain IS Missouri Pacific, which is up p per cent
The declines range between 1H9I4 per cent,
the latter for Pacific Nail. Union Paciic Is
down 5 Z per cent. New Jersey Central Z per
cent, Western Union Telegraph 81 per cent,
Chicago. burlington & Quincy ezl per cent,
Chicago, Milwaukee L st. Paul 2H per cent,
Northern Pacific preferred "a per cent, Chicago,
st. Paul Minneapolis s Omaha preferred 2S
per cent, Delaware, Lackawsnna s. Western
? per cent. aud Others f5r smaller amounts.
Gas Is, however. down IS per cent.
Total sales for the week, l,5sOOOO shares, an IL
crease over last week Of -, goo shares.
The transactions amounted to $50. 900 shares.
Delaware. Lackawsnna Il Western $1,000,
Chicago s Northwestern IS. 900, New Jersey
Central 10. O0O Pacific Mail 81 900. Chicago. Nil
wa1kee * 81. Paul 10000, Union Pacific 81 900.
Western Union Telegraph is. 600, Northern Paelac
1900.
QUOTATIONS or STOCKS AND BONDS.
Stocks and bonds closed =: the fo.loxirg
prices bid: