St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-01
bears will throw large quantities of stock on
the market after declaration of war.
INSIDERS IN ST. PAUL


INSIDERS IN ST. PAUL
say that road will not abandon its present
position in the fight with the Northwestern.
About 10, 600 shares of Union Pacific were
marketed yesterday, but Gould thinks the
stock will go back to so within year. Mr..
Field saySh he does not know who is put
ting up Manhattan consolidated, except
parties who believe it to be good property.
very little floating Laclawanna is to be
seen in the market. The earnings of the
Western lines of late have been larger than
for the corresponding period of last year.
Gould is said to be buying Pacific Mail, and
the president of the company says its earn
ings for May promise to be the largest in
its history
The earnings of the Northwestern for the
fourth week of April, it is thought, will
show large decrease ON account of the
rate cutting.
The market was dull the greater part of
to-day, and although there was little
| business doing prices were well maintained
at the finish
NEW YORK, April 3O.-Government bonds
have been quiet and quotations unchanged,
except for the As, which are a lower. There
was sale of the IS at 1925, and of the As
coupon, ut 122 State bonds are steady. There
U
was about the usual amount OF business as or
late in railroad bonds, the total sale being $751;,
600 shares, but there was more ACTIVITY ina few
issues and the business therefore more poorly
distributed. The stock market has been
little more active to-day, and there has been
somewhat better distribution of business
Prices were strong at the opening, Pacific
Mail being the feature, and later in the day
they were steady, then heavy. Before 3
| o'clock they became strong again, and closed
on Il slight reaction for many stocks at prices
which show O net gain of 1s@DM per cent.
for the active list, and from 1a02 per
cent. for some of the inactive stocks. A
few stocks are shade lower. The European
news this morning was interpreted generally
as indicating an inevitable conflict between
England and Russia at a very early day.
Later there were vague reports that the out
look was less warlike, but before the close OF
the board the indications received on the
street were that peace could not much longer
be maintained. 1t is conceded alike by the
bulls and bears that an actual declaration OF
war will be followed by much more active
stock market. The total sales to-day were
133, 046 shares, of which Lackawanna, Pacific
Mail, St. Paul, Union Pacific and Missouri,
Kansas & Texas contributed 5S per cent.
| Over 30 per cent. of the business OF the first
! hour was in Pacific Mail, which made
| net gain of q per cent. 1t is stated that the
amount of business in sight for the company
| is now greater than at any time heretofore in
| its history, also that on the line from San
| Francisco to China shippers are withdrawing
| freigh from English bottoms and sending by
steamers under the American flag. The ton
mage already offered the Pacific Mail taxes its
capacity to the utmost. Union Pacific was
| also strong, closing 3s higher. Missouri
| Kansas Il Texas shows gain of q, and the
| other advances for the active stocks are for
smaller fractions. Oregon Railway Il Navi-
CATION closed at gain of ~ per cent. Par
| ties opposed to the lease of the Oregon Navi-
CATION claim that the Union Pacific
has no legal authority to make the lease
without consent of congress. The stocks
| which show declines are the Northern Pacific,
Missouri Pacific and St. Paul. The total sales
of stocks for the month of April have been
4,S21, 6S7 shares, a decrease as compared with
March of lists, 1886 shares, and there was one
business day less in April than i'll March.
Prices this evening as compared with
month ago are higher for nearly all the act
i've stocks, the greatest gain being in Union
Pacific, which is up 6s per cent Other adj
vances are AZ per cent for Pacific Mail and
Missouri Pacific, for New Jersey Central
| 234 for Delaware & Hudson, 234 for Western
Union and smaller amounts for other stocks.
Lake Shore is the only active stock that is
lower per cent.
The sales Of stocks to-day aggregated 1885,
046 shares. including Lackawanna 1880,
Kansas & Texas 10000, Lake Shore 1900
Northwestern $500, Pacific Mail 1900, ST.
Paul $4,000, Union Pacific 400, Western
Union 1900, Oregon TranscOntinental $500.
OTrOTATTONs OF STOCKS AND BONDS