St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-10
Western Associated Press.


New YORK. April 9.-Government bonds
are quiet and quotations unchanged, except for
the per cents, which up e per cent.
State bonds are quiet. Alabamas are generally
shade lower. The others are steady.
Railroad Bonds-The market was strong and
the business was pretty well distributed. The
total sales were 81 ,569, OO0 but Of this Erie ends
new contributed $4,000. For the remainder
of the issues traded in prices were generally
higher.
Stocks-The stock market opened strong and
excited this morning European war news,
and in the early dealings there was rush by the
shorts to cover. The first prices were generally
from u to / per cent. higher than the closing
quotations last evening, and a further gain OF y
to "A per cent. was made during the first half
hour. This was followed by slight reaction
and some hesitation, the Vanderbllts and Pacific
Mail showing the greatest weakness, while the
Changers remained strong The street was very
much puzzled over the somewhat conflicting
reports from London, which showed that the
British and Russian consols were very weak,
while the governors OF the Bank of England,
who met to-day, failed to make any change in
the rate OF the discount of 31a per cent. 1t was
claimed that il the situation was in fact serious,
one of the first acts of the governors would be to
decrease the discount of rates, but against this
was the admitted fact of the heavy decline in
British government securities, with advance
at the same time Of the better class of American
securities. The only potent influence through
out the day on the market the news that
was received from Europe regarding the pros
poets Of war, and as this news continued to indi-
cate the probabilities that declaration of war
was inevitable, prices rallied soon after in some
OF the leading atocks. The total sales Of the day
were 337, AL shares, an Increase over yesterday
Of $4,000 shares, but of to-day's business seven
stocks monopolized 40 per cent. in the order
named: Chicago S Northwestern, Pacific Nail,
Chicago, Milwaukee d st. Paul, Lake Shore,
Delaware, Lackawanna 81 Western New York
Central and Union Pacific Prices this evening
within a small fraction OF the highest of the
day as rule, and generally from to IA per
cent. higher than they closed yesterday, not
single stock on the active list showing decline.
Late in the afternoon there were rumors that
the Bank of England had changed the rate OF
discount, and also that q formal declaration OF
war between England and Russia had been
made. The argument of the street is that
declaration OF war will cut of grain, petroleum
and other supplies from Russian ports, which
must thereafter be obtained largely from this
country, and that conservative investors will
also seek the better class of American securities
in preference to those of a country engaged in
war. New York Central opened up Z per cent.
higher at s99s and in the early dealing touched
90, but sold down to S9l. in the regular way and
IS seller co days. The weakness. however,
was confined to the forenoon, and the price rose
during he afternoon to 90n and closed with
gain of 1 4 per cent. at 90ll. Lake Shore SYM
pathrzed in the movement OF the stock last
mentioned, selling first at SO and then at 59H
from which Ii declined to 5SS, but rose later to
6OA, closing on q reaction which took place in
the last hour ut at 60l5, but L per cent. higher
than yesterday, The point was very freely cir
culsted that the Changers would be among the
first to feel the effects OF Improvement follow
ing an European war, and Chicago & Northwest
ern, which opened Il per cent higher at 95,
was strong during most Of the day, selling at
96x: in the last hour II declined 70 o. but
closed at 90 4, gain of Il per cent. Chicago,
Milwaukee s. St. Paul is rs per cent. higher at
TIA, after opening with an advance Of Z Der
cent at 69X aud selling as high af 71n. Pacific
Mail sold first at 81, declined during the fore
noon to sos, aud then advanced steadily to
s21 and closed IL per cent. higher at 52K,
Union Pacific shows a gain Of ia per cent. at
49,, after selling as high 44H Central
Pacific Is up \ per cent. at 50, the highes,
price sof the day. Northern Pacific common
gained per cent. at l7x, and the preferred
IL per cent. at 40. Delaware, Lsckawanna &
Western isIy Per cent. higher a. 1O6, which is
within |, per cent. of the highest price reached.
Western Union Telegraph rose to 57X snd
closed iS< per cent. higher al 57ss. Chicago.
Burlington s Quincy Is up ak per cent. at s9h.
Missouri Pacific per cent AZ S4S. Louisville &
Nashville rs per cent. st 81 e. Delaware s
Hudson u per cent. st sos New Jersey Central
Il per cent. st 81, and Oregon Transconti-
mental 4 per cent. at r.
The transactions amounted to $50, 900 shares:
Delaware Lsckawanna i Western $4,000,
Lake shore 10000, Chicago & Northwestern
$4,000. New jersey Central 1000. New York
Central 1900. Pacific Mail 1900, Chicago.
Milwaukee i ST. Paul 5000. Union Pacific
$4,000, Western Union Telegraph 100000, North
ern Pacific $4,000
QUOTATIONS OF STOCKS AND BONDS.