St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-28
Western Associated Press.

New YORK, March 27.-Governments are
quiet and unchanged, except an advance Of u
per cent. in coupon 4s.
Railroad Bonds-Quiet and prices generally
hisher.
State Securities-Dull and about steady.
Stocks-The market was very sensitive to
European war news all day, the disposition
being to buy on reports of further complications
between England and Russia, and sell on more
pacific statements in regard to the trouble be-
tween those two countries. The fact that specu-
lators have faith in the advance in prices in case
the should be declared is shown by the
number OF kilograms received the past two days
by leading commission houses ordering pure bases
of stocks on an open declaration of war. At the
same time conservative operators, including
some of the leading financial men of the city, do
not hesitate to express the opinion that the first
effect of the European war would be to depress
prices in nearly all securities dealt in on the
stock exchange, and they cite the experience of
this country following the Franco Prussian war
an evidence of the correctness of their theory.
There were also some local circumstances which
tended to influence the course of special stocks,
including the declaration of dividend Of per
cent. for the current quarter by the directors of
,
which was followed by decided advance in the
price of that stock, although it was generally
understood there would be no change in the
amount of dividend to be declared. Lake Shore
directors to-day for the second time passed a
quarterly dividend, and although it was also
very generally stated prior to the meeting that
no dividend would be declared, the action Of the
directors had depressing effect on the price of
stock. The last dividend was paid Nov. 1, 1884,
and was u der cent. Michigan Central direc-
tors also passed dividend, but it has been so
long since the company paid anything to its
stockholders that this action had no effect on the
price of stock. In fact there was not sale Of
the stock on the stock exchange o-day. The
market at the opening was somewhat irregular.
Early dealings, however, developed considerable
strength, which was quickly followed by
lower prices and in o majority Of cases the
lowest quotations of the day were made before
noon. Stimulated by news from abroad, the
market began to advanve about midday, and
although irregular and feverish many Of the
stocks made decided gains during the afternoon
and the final sales in most cases were very near
the highest prices reached The leading COM
mission houses continue to complain OF the dull
condition Of the market. Chicago North
western opened at 04l4, sold down to 93A and in
the general rally again touched 94h, ut which it
closed, loss of q per cent. 1t was rumored
that additional bonds were 10 be issued by the
Chicago & Northwestern company at an early
date. Inquiry at the company's office ELECTS
the statement that the Chicago 81 Northwestern
company has no intention Of issuing any more
bonds, but new bonds will probably be issued
soon on some of the extensions built recently,
including particularly the extension to the
Black Hills The next cash dividend on 10000
shares of Chicago g. Northwestern common was
sold this afternoon for per cent; the regular
dividend has been 81 per cent. Represent
atives of Pacific Mail say there is no truth in the
statement that the matter of the settlement of
the subsidy has been left by agreement to
President Houston Of the Pacific Mail and Vice
President Huntington of the Central Pacific.
The transactions amounted to PAL 900 shares
Delaware, Lackawanna 81 Western $4,000,
Lake Shore 27,000 Chicago Northwestern
"a, OOO New Jersey Central 1900, Pacific Mail
81, 00O Chicago. Milwaukee 81 st. Paul Al ,000
Union Pacific 10000.
QUOTATIONS. OF STOCKS AND BONDS,
Stocks and bonds closed at the foIlowr g