St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-29
FINANCIAL.
New York.
Special to the Globe.

SpcCldl W luS OlOGcs
NEW YORK, April 2S.-Continued
strength, though not of substantial ma
ture, prevailed to-day, and the advance was
so gradual that it is hoped the public does
not believe it is entirely of a speculative
character In Lackawanna, for instance,
the clique wanted the earth and the full
ness thereof in single day. During the
early flurries in the stock it was no uncOm-
mon thing to force it up four or five points
at single session. AS a result, shorts
dropped so hard that every Spectator in the
country felt the shock, and for tho past
three months the nibbles have been very
scattering. By the new process it is hoped
to lift the suckers up gradually, but the fall
will be none the less painful on that ac-
count, when it does come. ST. Paul and
Northwestern opened strong, and an early
settlement of the rate war is anticipated.
Changers were slightly weaker and unset
tied. The market was dull and dragging
throughout, and after feeble movement
upward followed by an equally feeble de-
cline, it relapSed into utter stagnatIon. The
earnings of Pacific Mail for April thus far
show an increase of $4,000. Reading
earnings for March, as compared with last
year, show gain of S10,237. The Penn
sylvania earnings, on the other hand,
show such decrease for March that
its dividend is to be reduced
from to per cent. The company says it
will borrow money to pay dividends, which
is a very wise and sensible conclusion. Or
egOn TranScOntinental has been doomed for
day or two on the theory that good lease
Of the Oregon Navigation company will
prove beneficial to both parties. Several
important meetings are to be held this
week relative to the continuation OF exist
ing pools, and if matters cannot be salts
factOrily arranged more serious rate cutting
will follow. 1t was thought that Chicago
bear party in the Changers tried to cover
yesterday and failed TO get much stock. The
GouldWhite party continue very bullish
Oh everything and say after Union Pacific
passes 50 it will advance very fast and the
whole list will follow. Lake Shore Is said
not to have earned its fixed charges for the
quarter ending March 81. There is I'M
doubtedly a good line Of shorts out on many
stocks These were put out Oh suppoSltiOn
that the market would naturally decline
before much of an advance took place, but
it does not decline, and the bull cliques are
holding it with the idea of firing the shorts
and forcing them to cover, when the bulls
can sell out at good profit and feel happy.
The market closed exceedingly dull and
featureless, with a prospect for more OF the
same kind tomorrow.
NEW YORK, April 2S.-Government bonds
quiet, steady and unchanged, except an adj
vance Of "a on coupon Az per cents. and
threes. There was u sale of registered Al
per cents. at 1121s. State bonds dull and
about steady, except some or Missouri Is
sues, which were shade lower. Railroad
bonds were more quiet than usual and in
sympathy with stocks, prices this evening wore
in many cases lower. Total sales, 100000; de-
crease from yesterday 113, 000. Stocks were ex-
tremly dull and failed to develop single
feature of interest. Except strength dis
played in quotations. Every effort to reduce
prices has been stubbornly resisted. Tue clos
ing figures in the evening in most cases were
small, but a fraction higher than final quota
tons yesterday. With exceptions, however
gains are for only 1s@A, but there are
only four or five stocks that show any
loss and these for small fractions. Fluctua-
lions in no case amounted TO as much
as per cent. The highest prices Of the day
were generally in the first hour, during which
over one-third of the days business was
transacted. After a slight reaction the
market became very dull with prices steady
and so continued until the close. New York
Central closed at a loss OF %; Lake Shore,
II; Oregon Navigation and Omaha preferred,
each a. These are the only declines.
The sales of stocks to-day aggregated 81
4Ss, including the following: Delaware, Lack
awanna & Western, II, 700; Northwestern T.,
500; New York Central, $500; Pacific Mail,
4 800; st. Paul, IL, 700; Union Pacific, 5000;
Oregon Trnnscontlnental, $500:
QUOTATIONS OF sToCxs AND BONDs