St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-17

hotter on the bear side, and others that he
was hand-in-glove with White. He seemed
to be selling all around the room this morn
| ing and the advance of yesterday was
thought to be part of programme to
| mystify outsiders and get a good high mar
ket to unload upon. At all events prices
fell off during the entire forenoon Union
Pacific and Pacific Mail being most active
and weakest. During the decline
Union Pacific touched 4619, Pacific Mail
541s, Lackawanna S1.06T, st. Paul 1875
and Northwestern 97%. All were agreed
that it was GOuld's market, and what his
ultimate designs were could not be easily
fathomed. 1t is thought that if Union
Pacific succeeds in funding its floating debt
it will be soon enough to begin paying
dividends again. A pooling arrangement
between all the Pacific roads and Pacific
Mail will soon be consummated, which
will greatly benefit the latter company.
The decline in the general list ranged from
1@1. The Changers and Western Union
kept company with the rest, although
Northwestern was stubborn and went down
slowly and reluctantly. The latter part of
the session was exceedingly dull values
were lower again, with some realizing i'll
Uunion Pacific and st. Paul and Pacific
Mail. There was but little in the way of
rumors ahoat and the market was neglected
and stupid at the finish, with but little de-
mand for shares and no particular pressure
of stocks from the bear side of the house.
NEW YORK, April 16. = Government bonds
have continued quiet and quotations are
steady, except for the three per cents, which
are "A lower at 10111a bid and an advance of 2
per cent. in the quotation bid for Pacific per
napts q
coupons at 121A.
State bonds are quiet, but the Alabamas
show q slight advance in quotations, while
the Georgia per cents are shade lower.
Railroad bonds have been strong for ma
jority of the issues, and are traded in with 8
well-diStributed business. The market was
heavy at the opening this morning, both bulls
and bears selling, the former to realize profits
and the early dealings were accompanied by
declines of n to q per cent. This was fol-
lowed by moderate reaction, and for the
first hour the market became very dull and
fluctuations were limited to narrow range,
but the tendency was toward lower quota
lions until after o'clock. A little life was
then accompanied by show of strength, a
portion of which was lost later in the day, and
the market finally closed irregular, at prices
which are from n to e per cent. lower than
the final quotations yesterday. The an
nouncement which was made during the day
that the Central Pacific railraad had not
agreed to accept the proposition embodied in
the resolution adopted by the Pacific Mail di-
rectors yesterday, together with statement
by Mr.. Huntington that he did not think the
proposition would be accepted, was the only
news to affect values. Mr.. Huntington said,
however, that the companies were working
harmoniously at present, and while the Gen.
trail Pacific had not been asked to extend the
subsidy to June, he thought the extension
would be granted if desired. The market ex-
hibits strong undertone and resists attacks
with persistency. The bulls claim that there
are very few stocks in the market and that it
is heavily oversold. The only activity in to-
days market was developed during the first
two hours of business, thereafter proving ex-
tremely dull as the day advanced. The total
sales, however. were ga, 1913 shares, which is
81, 800 shares less than yesterday, but con-
siderable larger than for several days preced-
ceding. The trading in Union Pacific Pacific
Mail and Lackawanna continued to be the
feature of the days dealings, the total sales
of which amounted to about So per cent. of
the days business. Union Pacific opened Il
lower at 4734, declined to 1871, rallied to 4719,
sold down to 1917 and back to 46A in the fore
noon. After midday it was less active at
465s04615, net loss of II per cent 1t is
stated that the company has settled all dis
puted claims with the government by paying
SOL, ZOO cash, and that its tonnage is 33 per
cent greater than at this time last year. Pa
cific Mail was unchanged at the opening at
551s, from which it fell to 54s rallied TO 555s,
sold again down to SAY, back to So and closed
at SIS, a loss of Is per cent. Lackawanna was
prominent for its weakness in the forenoon.
In the afternoon it was very dull, at decline
of IL per cent. The other active stocks fol-
lowed listlessly in the wake Of those men
toned, the grangers being the next most
active, with St. Paul this evening 81 lower
and Northwestern down g per cent. Western
Union is also % lower, Central of New Jersey
Is, Chicago, Burlington & Quincy 20, and
Rock Island "a.
QUOTATIONS. OF STOCKS AND BONDS.
Stocks and bonds closed at the following