The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-04-10
BUSINESS BOOM.
A FIELD DAY FOR THE BULLS.
The Bears Utterly Routed-Everything
Higher-Gestest Bulge in Wheat
Shares Higher and Excited
Eject of War Humors.
Tone of the Stock Market.

NEW YORK, April q.-Government
bonds quiet and unchanged, except for
per cents, which are up q per cent.
state bonds quiet.
The railroad bond market was strong,
business well distributed, and prices
generally higher.
The stock market opened strong and
excited on European war news, and in
early dealings there was rush by the
shorts To cover. First prices were
generally from u to per cent. higher
than AZ the closing last evening,
aud a Farther gain of "a TO y was made
during the first half hour This was
followed by slight reaction and some
hesitation, tho Vanderbilts and Pacific
Mail showing the greatest weakness,
while Grangers remained strong. The
street was very much puzzled ever
somewhat conflicting reports from
London, which showed that Brit
very weak, while the governors
Of the Bank Of England who met to day
failed to make any chage in the rate OF
discount, 81 per cent. 1t was claimed
that IL the situation was in fact serious
one of the first acts OF the government
would be to increase discount rates,
But against this was tie admitted fact
OF heavy decline in British govern
ment securities, with an ad-
vance at the same time of
the better classes of American
securities. The only patent Influences
throughout the day on the market was
the news that was derived from Europe
in regard to the prospects of war, and
as this news continued to indicate the
probabilities that declaration of war
fnaVifghlA n IL DO rutlfa1 of
midday and continued strong,
with active trading in some
leading stocks. The total sales for
the day we're 1877 AL shar, s, an increase
over yesterday ut 10000 shares, but of
to dsy'a business seven stocks monOpo-
lied 70 per cent, in the order named.
Northwestern, Pacific Mail, st. Paul,
Lake Shore, LackaNanna, New York
Central and Union Pacific Prices this
evening are within small fraction
OF the highest of the day, as a rule, and
enerally from TO 23S per cent. higher
than they closed yesterday, not u single
stock on the active list showing de-
cline, Later IN the afternoon there
were rumors that the Bank of England
had changed its rates OF discount, and
also that formal declaration 4
war between England and Russia
of tho street is that declaration
OF war Will cut oil grain, petroleum and
other supplies from Russian p0r., =,
which must thereafter be obtained
largely from this country, and that con-
servative investors will also seek the
better class Of American securities IN
preference TO those Of countries engage q
in war. New York Central openod up
ia, at s0JS and in the later dea ings
touched 90, but sold down
to SOY. The price 70 o
during the afternoon 30 9Ola, and closed
with gain Of "a, at 9Ol,. Lake Shore
sold first at 50, tuen 59it, from which it
declined TO hSH, hut rose later TO 800.
closing oua reaction which took plac g
IN tho last hour, ut SOS but tx higher
freely circulated that tho Changers Will
be among the first 20 feel tie effect, of
an Improvement following war aud
Northwestern, which opener = higher,
az %, was strong during most OF the
day, selling "a. 96A. Ina the last hour H.
declined Do SO, but closed 40 Q6I,agdin
OF "a, 81. Paul is -. higher no ~ 4, al
tor opening with an advance of y, ut
bJs4, and selling as high gs 7lS Pacific
Mail sold tiJsr NJ 81, declined during the
forenoon TO So. then advanced steadily to
5!j9 and closed "a higher, 40 j2J4, Union
Pacific shows q gain uf l'st ~ 1875, after
eiliuu as high as ~. Central Pacific
i upl4 40 81, The highest price ul the
d y. Northern Pac hc, common, gained
e, at lCs, and the preferred ~ gt 20.
La savanna Is Is hleuer at
lU6, which is within OF
tho highest price r.arhos.
western Union rose tu 57't ami closed
~ higher, 30 SIS Chicago, Burlington s.
Quincy is up pa ot sou; Missouri Pacific
R0i's bpuisvil o. * Na-hviIle,pE 3I7.:
Delaware 4 Hudson, IA $40 sI.. Central
n New Jersey, "a 90 $50, aud Oregon
u Unconstitutional q at ~. Trlusgc-
lions 1897, 900 shares.