St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-27
Western Associated Press.


NEW YORK, March 6.-Governments are
strong and quiet and Il per cent. higher for As
and AIS, and 4 per cent. higher for IS.
Railroad Bonds-The market was fairly active,
with large sales of West Shore lists and Nickel
Plate lists, and fair trading for small amounts in
many other issues. Prices were irregular. The
total sales were S1,S0O,OOO. an increase over
yesterday of S262, O00 but Of to-days business
Lake Shore monopolized S521, ZOO. Nickel
Plate lists, $4,000 and Erie 2s, new, sos 900,
leaving $42S, 900 for the remainder of the list.
State Securities-Dull and steady.
Stocks-The market was feverish and some
what more active to-day, yielding readily to the
influence Of the European war rumors. There
is growing impression that many of the rumors
circulated on Wall street regarding trouble be-
tween England and Russia. never issue out of
the flash of the cables, but are manufactured
within convenient distance of the stock ex-
change. This was manifesty the case yester-
day and it is claimed will prove true of to-day
rumors. In the meanwhile what is known as
the milking process is being applied to the
market vigorously, and prices will go down and
up again l or per cent, very much to suit the
wishes of the manipulators. Whether in the
end they will be gamers or losers by this pro-
cess is another question. Conservative fnan-
cers insist that the first effect of actual war be-
tween England and Russia would be to bring
stocks and other securities from abroad to this
country to be sold here, instead of it being the
bull argument as it has been used for the past
two days. Leading commission houses com
plain of very dull business from outside oper-
ators, thus confirming the impression that large
percentage purchases and sales rs reported from
day to day are for the account ofmanipulators.
Such manipulation always results in driving
legitimate operators away from the market, and
fears are expressed that if the operations for the
past ten days continued much longer. they
will be followed by an extremely dull stock mar
ket, which is such terror to brokers who de-
pend upon commissions for a living. In the
early dealings this morning prices were strong
but the market was quiet. After an advance of
"a to e per cent, which took place early in the
day, reports of peaceful character from Europe
led 10 decided break in prices, but business for
the forenoon light. After midday there
was a renewal of regarding the
European difficulties, including one that re-
serves and the militia had been called ont by the
British government and this followed by
an increased activity and advance in prices, up
ward movement being pretty well maintained il
most cases until the close Of the board. The
market closed strong at about the best prices for
most of the list. The statement comes from in
side sources that early steps will be taken TO
place the New Jersey Central in the hands of a
receiver.
The transactions amounted to 2s5,O0O shares:
Delaware, Lackawanna 81 Western 1000,
Lake Shore 10000, New York Central 10000,
Chicago & Northwestern $4,000, New Jersey
Central TO- 600, Pacific Mail SO, 900, Chicago, Mil
waukee & st. Paul 100, 900, Union Pacific $4,000,
Western Union Telegraph 1900.
QUOTATIONS OF STOCKS AND BONDS.
Stocks and bonds closed at the followir
prices bid: