St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-21
FINANCIAL.
New York.

Specldl TO the GlODe
New YORK, April 2O.-The grangers
were leaders this forenoon. The floor
traders appeared to have got up from their
breakfast table with bull Indications St.
Paul started at little advance, 70Tc, but
lost it. Northwestern started at 9524c and
got up at once to 96Ac. Union Pacific
went from 473Sc to 4SAc. This is the
season for specializing. Officials of granger
roads begin to talk and to initiate rate wars
for speculative purposes, and is the thing
which most outsiders fear. 1t is announced
that Woerishoffer and Smith have gone
into West Shore for speculative purposes.
After the first call prices advanced on a
sharp buying of leading stocks, induced by
receipts of more threatening news from
abroad, and the belief that Russia intends
forcing a war. At noon prices were up Is
@1H per cent. After midday, On selling
of some Western Trunk line stocks on re-
ports OF an impending war of rates, the adj
vance of the morning was lost. Prices are
now at the lowest point. ST. Paul closed
4 lower. Lackawanna % lower, New York
Central Is higher.
NEW YORK, April 20.-Government bonds
were strong at unchanged quotations. There
11212, and the As at 1211a0122. State bonds
received some attention this afternoon and
prices were strong, sales, including the IS Of
1856, at 104I, Tennessee compromise bonds
5412054$4, and North Carolina tax at 4G;5.
The railway bond market was comparatively
quiet but the business done was well dis
tributed, there being no instances in which
the total sales foot up any considerable sum-
Stocks were irregular at the opening this
morning, but Immediately developed
considerable strength of prices and con-
tinued strong throughout the morning
for everything on the active list except ST.
Paul. Leading houses reported good buying
orders from out of town at Saturdays clos
ing figures. The early weakness in St. Paul ex-
tended about midday to other Granger stocks,
the decline following rumors that serious
trouble existed among the railroads west or
Chicago and that rates had been heavily cut.
These rumOrS were contradlcted, and from
that time till the close of the board the street
was flooded with rumors regarding the situa-
ton, all admitting, however, that the freight
business between Chicago and Council Bluffs
is thoroughly demoraliZed. The weakness in
the Changers soon extended to the remainder
of the list, but the declines which followed
are for only fractional amounts. Sup
port again came from friends
of different stocks and they were
aided in bringing about reaction by dis
patches from Europe stating that the Russian
government had greatly increased its de-
mands in regard to the Afghan boundary line
and that the outlook for war was again much
more threatening. The recovery was sufi-
cient to carry the prices of nearly all active
stocks above the opening quotations and the
market finally closed about steady at an adj
vance of u to 81 per cent. for most of the
active list, although st. Paul is up only q
and Lake Shore lost % per cent. All the
Gould stocks except Manhattan Consolidated
are % to "A per cent. higher than they closed
last week, while Union Pacific shows a gain
of ~ per cent. 1t is stated
that all the litigations connected with
the Missouri Pacific properties were
settled to-day. The total sales foot up 242, $50
shares, but of this business nearly ~ per cent.
consisted of trading in St. Paul and Union
Pacific, while So per cent. of the days busi-
ness was made upon transactions in the two
stocks mentioned and in Lackawanna, North
western, Pacific Mail and Lake Shore. The
Vanderbilts were very quiet and show frac-
tional gains this evening. Lackawanna re-
manned about steady in the forenoon, broke
in the afternoon, and was quiet in the last
hour at 1050105% per cent. Pacific Mail as
sumed q secondary place on the list in the
forenoon, and in the general break later in
the day it fell 2G3 points, but closed with n
gain of IS per cent. There were sales of
nearly 5000 share of Green Bay, Winona &
St. Paul stock from 81 per cent up to AZ per
cent
QUOTATIONS. OF STOCKS AND BONDS.
Stocks and bonds closed at the following