St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-27
FINANCIAL.
New York.

STORE, 6,529, $40 Du.
FINANCIAL.
New York.
Special to the Globe.
New YORK, April 25.-To-day was a
fitting close of an exceedingly dull week,
with no immediate prospect of betterment
The war among the Changers has depress-
ing effect and the attitude of the Northwest
ern has added to the prevailing weakness.
Hon. W. l.. Scott of Erie, Pa, said, on
leaving for home last night, that he believed
all stocks would be lower this year than
since 1878, and added that he believed the
winter wheat yield would not be more than
one-fourth of crop. The Gould party is
still bullish but not strong, and White ex-
poets to lift Lackawanna the first Of the
week. Vanderbilt will start for Europe
May %.
The market opened steady, although Is
@55 lower. The only exception to this
was Jersey Central, which opened Is higher.
During the entire forenoon the market was
both lifeless and featureleSs. Quotations
came struggling along and at half-hour in
tervals, which varied from each other by
e, first one, then another.
THE PREVAILING TENDENCY,
however, was in the direction of lower
figures, until batch of fresh war reports
about noon started the sluggish movement
upward. 1t seems very strange to an out
slider that the stock exchange will allow a
little knot of men to block the wheels
of business for the entire membership,
merely to crafty little personal pride or
revenge. If there are no rules against such
a state of things, and none can be made,
then the exchange might as well be closed till
the time comes when the private views OF
these few men can be carried. The present
condition of the stock market is an ac-
knowlgeded disgrace to the exchange and to
the whole country. About half dozen
men stand like dogs in the manager, being
unable themselves to move prices upward,
and allowing no one else to put them down.
THE EARNINGS
of Northwestern for the third week in April
increased 1874. 900, and those of Canadian
Pacific for the same time increased S98, 600.
Northern Pacific earnings for April will de-
crease, it is thought, about $500, 600. Omaha
was again weak and preferred stock sold off
to 75%, and common to 1917. The short
interest in Union Pacific is estimated at about
ing all that is offered. Chicago continues
bearish on Changers, and there is large in
terest in them already out. There were large
sales of Kansas & Texas yesterday, although
it's friends think well of it ON account
of the late rise in its bonds. Bull points
are given out for ten point in Lake Shore,
on account of the new settlement with
Nickel Plate The Chesapeake & Ohio
hoe 10
ON series B of their bonds q per cent. cash
and ~ per cent in scrip. The future
of the market depends much on foreign
news.
NEW YORK, April 25.-Government bonds
have been quiet and steady, with an advance
of "a in the quotations for the coupon AZ per
cent. and a decline of "a for the As. There
were sales of the ~ per cents, they regis
tered ut 1121l and the coupons at 1928. State
bonds have been very quiet, and quotations
when made show no important changes. The
railway bond market was less active and
prices this evening are generally higher as
compared with last previous sales. The total
sales to-day were SSS9, 900, decrease of $751;
900. There was one stock in the list to-day
in which the total transactions amounted to
about n Of an average days business for an
active stock. The sales of Union Pacific were
1880 shares, but the business in no other
stock on the list amounted to as much as TO-
900 shares. 1t was dull at the opening, dull
all day and dull at the close The total sales
amounted to only T6, 500 shares, which with
the exception of the day following Good Fri
day when there were 71,000 shares traded in)
but when the business was limited to four
hours it has been the dullest day in many
months. The range of fluctuations in most
cases has been within small fraction of per
cent, and the closing prices this evening for
divided between advances and declines OF Is
to q per cent. Omaha preferred is down l
per cent, while Oregon Navigation is up e.
Oregon Transcontinental was unusually active
for that stock and is "A higher this evening.
1t is learned that the suit of the
Northern Pacific against the Oregon Trans
continental is not expected to come up for
trial until next October. A director of the
Northern Pacific company says that before
Mr. Wizards retirement there was an ac-
knowledged debt of about 5000, 900 owing
the Northern Pacific by the Oregon Trans
continental company, but the present man
ayers claim the books now show a counter
claim against the Northern Pacific Of about
SO, 900. 900. Neither the war news, which
was belligerent. nor the reports from the
railroads in the West, which were very I'M
favorable. had any effect upon the market.
An injunction has been issued on the Union
Pacific company restraining it from leasing
the Oregon Railway & Navigation COM
pany's lines. This injunction was granted
a year ago to holder of Oregon Steamship
company stock. and it prevents the Oregon
Navigation company from issuing CONSOLE
dated bonds, and forbids lease of the Nav
igation company to the Northern Pacific or
any other company without filing an in
demnity bond to the amount of SO, 900, 600.
The injunction just served can be set aside,
of course by making such bond. The
total sales for the week have been 1, 005, 497
shares. and prices generally show only very
moderate changes from those of last Satur-
day evening There was drop in the
Omaha, the preferred being AZ lower, and
there was gain of 2s5 in Missouri Pacific,
these being the two extremes.
The sales of stocks to-day aggregated
76, SO2. including Northwestern 6,100. Cen
trail Pacific 800, Pacific Mail $500, st.
Paul 9, 500. Union Pacific 1920, Oregon
Transcontinental 5000.
QUOTATIONS. OF STOCKS AND BONDS.
New YORK. April 25.-Stocks and bonds
closed at the following prices bid:
Three per cents. 102 Lake Shore. 49,. 5s5s
L. S. Is. .1125s Louisville s. NJ. 500
L. s. news IS. .l22 Louisville Ma 2513
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