St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-03
FINANCIAL.
New York.

New York.
Special to the Globe.
NEW YORK, April AT the stock ex-
change the market opened 1s@8 higher for
most of the list, but Central Pacific was q
off at the outset, although it recovered full
point in a few quotations. Union Pacific
was also weak, and soon fell away below 40.
1t is thought that the new alliance of the
Central Pacific and Southern Pacific will be
likely to hurt Union Pacific good deal, in
that il shuts off its direct communication
with the Pacific coast except through The Ore
gon Short line via Portland, which necessi-
tates transfer of goods. In other words,
the west end of this great Pacific through
line has got the
EAST END BY THE THROAT,
and can have its own way, practically.
Lackawanna comes to the front again
as leader, and this fact
in itself fully explains the character of the
market. Everything was doomed at the
word ''go," and afterwards relapsed into
comparative dizziness and insignifcance
Lackawar ma was marked up to 1919, and
New Jersey Central also gained point. The
Vanderbilts and Changers were simply well
losing much. Northwestern refuses now to
operate with the old tripartite com bination.
West Shore bonds continue dull and weak
Judgments to the amount of $3.50, ZOO were
yesterday granted against this road by the
New Jersey supreme court in favor of some
contractors. The Gould party now advise the
buying of stocks on the breaks. They do not
predict any boom, but think the market is
harHaniror for advance Points ont
in great abundance to buy Northwestern and
few for Western Union. Washington
operators were heavy sellers of Pacific Mail
yesterday, but to-day the stock picked up
early and fell away some later. The leading
bears are said to have covered their shorts
and are remaining quiet. The Southern
Pacific stock, it is thought, will soon be listed
on exchange, and this will help the long
side The Central American disturbances
are likely to
HURT THE BUSINESS
of the Pacific Mail for the time being, and
will also operate to prevent any new agree
ment between it and the Pacific roads. There
were but few changes during the closing
hour and the market at the finish was ex-
ceedingly quiet The final quotation on Della
ware d Lackawanna is ex-dividend, per
cent, and Omaha preferred is quoted ex-
dividend l Is per cent. also. There will be no
session of the exchange tomorrow.
Western Associated Press.
New YORK, April 2.-Government bonds
were quiet. except for the 4 u per cent coupons
and the As, both registered, and coupons which
were quoted Is per cent. lower than the price
Ill aNfo OF
State Securities-Were extremely dull, even
quotations being made only in few instances.
Railroad Bonds-Were quiet and prices gener
ally about steady. This has been the dullest
day OF the stock exchange. For the past month
the total sales were only 10000 shares, and
one-half of this business was in the three stocks
Pacific Mail 34,7OO shares, Delaware, Lacka-
wanna & Western $4,000 and Union Pacific 49,
900. The market opened irregular. and in the
early dealings developed sor3o strength, espe-
cially for Delaware, Lackawanna & Western,
Chicago g. Northwestern and New Jersey Cen
trail. BY the end OF the first hour considerable
portion of the gains had been lost and the mar
ket assumed an entire decline at an extremely
dull tone, with fluctuations, confined TO small
fractions Of per cent, and it continued on in
this condition until the middle of the forenoon,
when considerable weakness was developed in
the whole list. The declines were checked
shortly before 8 O'Clock, and the market closed
dull and about steady, in some cases within u
to 4 per cent. Of the lowest prices OF the day.
In many instances, hover, the final prices and
the lowest prices were the same, comparing
prices this evening with those of twenty-four
hours ago. The list presented avery irregular
appearance, but the changes are generally for
less than Il per cent. meeting of the direc-
tors of the Wabash railway was held to-day, at
which DIR. Gould's resignation a member of
the board was received and accepted, and Mr.. c.
C. Clarke was elected to fill the vacancy.
QUOTATIONS. or STOCKS ASD BONDS,
Stocks and bonds closed at the followir
prices bid.