The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-04-16
TorK STOCK Market.

yoRK. April 15.-Wall Street.
hss weak at the opening on inter
etoChts; on that the European war news
Presau 1oore peaceful, and active selling
we're .a LII there was good deal of selling
W ZEE oters VINO do business for London
BY OlUd' The first prices were generally
ao0ouIH below the closing, Changers
" he weakest, bat Lackawanna
PERI pen western Union q lower.
AI Trs YORK. April 15.-Wau Street
Ot n active and strong throughout
S mast hour, the feature being activity
lns p s5vance in Union Pacific to As,
2 Slis - Mail to 53A, and Hudson to So.
fs TH~ YoRK, April 15.-GOyernments
not lot unchanged, except on As, which
q.sI higher. To-day's stock market
We ss.i been surprise to almost everyone.
Ts1 Eurepean war news this morning
I InS interpreted as indicating a more
so so outlook, and prices at the
p pUsU;ng were "A to Is lower than they
CPI sst evening and n the early deal
t Tvs further fractional declines were
m5 This was followed, after the
6.st fifteen minutes, by a reaction, In
.[bich Union Pacific and Pacific Mail
took the lead. From that time until the
c y, the market was strong and uni
ysrsaly active, as compared with the
Su.ioess of late. At first there
v,are minors of q favorable character,
BOARDING the Union Pacifc's floating
5sbt bat the point which carried to -day
wss 6rst the declaration of the usual
" per cent. dividend for the current
anarter by the directors of the Pacific
Ns1 with the official announcement
fiat The eompany's earnings for the
current quarter were at the rate of go
per cent per annum; and. second, that
4 resolution had been adopted by the
PacifGMal, Ehich, twas believed would
lead to an amicable settlement of the
differences between that company and
the Pacific railroads: that resolution
was presented by Gould, and which was
unanimously adopted, provides that
the Un,on and Central Pacific railroads
transfer their business to the Trans
Pacific 1.-THE Oriental and Occidental line,
between San Francisco and China) to the
Pacific Nail, and enter into a con-
tract with the latter company for a
term Of ten years, guaranteeing the
Pacific Mail against opposition in
tho China business, in consideration
Of which the Pacific Mail company
EGuld enter the Transcontinental pool !
and cooperate with the railroads be-
tween New York and San Francisco.
The resolution also provides that all |
matters should be decided by the COM
nissOnerS OF the Transc0ntinental bust |
ness, or by arbitrators. This was in |
ierpeted as being extremely favorable. I!
lotonlY to the Pacific Mail, but also |
70 the Union Pacific, and the !
E0 stocks steadily advanced |
throughout the day, gaining in each
case over per cent. The rest of |
aellst simply followed in their wake |
ana none of the active list is lower to-
1glt, and the advances for the other !
uOlld stocks were over l per |
NnL 1t was learned this !
senng that President Adams, |
sao LETT this afternoon for Boston. |
greed, before starting, that he would |
Mle, tomorrow, formal official &C
C spLance OF the terms as set, forth in |
SIv4ds resolution. 1t is also stated |
. aal Inc three Pacific companies inter
S sv9 nav. nave agreed TO proposal to ex-
%4l the present subsidy arrangement !
%.'une, IN order to give ample time |
permanent settlement.