St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-25
FINANCIAL.
New York.

New York.
Special to the Globe.
New YORK, April pa great deal of
idle talk and very little business were the
marked features this morning, the tenor OF
conversation being quite bearish. The
Lester crowd is dealing quite largely in
Changers, but it is also thought to be
heavily interested in Northwestern, and
slight advance in the latter was published.
The Gould following will probably make
| an advance on Kansas d Texas and it will
be pushed up five or six points on its merits.
They claim the friends of Pacific Mail are
quite bullish, but their theories are based
altogether on war possibilities, as,in event
of trouble, its earnings would be greatly
enhanced. The stock market opened irreg-
ularly. Some stocks were 1s@4 lower
and others a higher. There was very little
life or trading during the forenoon, but the
little that did transpire was of selling Or
der. Prices for the general list fell off go
q and then the market stuck fast. The
Changers were in the lead and while st.
Paul remained inactive, Northwestern de-
clined to 95. Nearly every one is mad or
disguised with the way the
MARKET IS BEING MANAGED.
No one is doing any business and the daily
movement over the same ground is nothing
but weary and wretched farce. The bull
cliQues are loaded UP with stocks they can
not sell, and so, to spite all others who will
| not train under their leadership, they hold
the market in dead rut of inactivity. No
outside orders are coming in for either
! party, and the quotations recorded are only
so many meaningless moves on the chess
| board to prevent utter stagnation and give
| e l0s,, ff,In IS
said that many western railroad officials are
short on Changers and it is a tussel between
them and the New York pool as to which
party will beat. To-day the Rock Island
road made an open cut of 10c hundred on
ST. PAUL & MINNEAPOLIS
| freight business. Gould is said to be buying
stocks and he and White rule the roost-
Pullman is said to be good for 12O before
long and Pacific Mail, it is thought, will go
higher Kansas d Texas bonds have lately
advanced about points and it IS thought
the stock will also rise about that much.
The Osborn party still remain
| long on Northwestern. A very
significant announcement was made to-day
that the governing committee OF the eX-
change had adopted rules which allowed
the carrying of purchases fifteen days With
out interest, and also admitting the trans
actions and in ten-Share lots. The commit
tee has been forced into this action by lack
| of outside business.
Reading gives notice that the April quota
| of coal will be filled on the 25th, when all
shipments must cease.
Business was at complete standstill
during the greater part of the day, and even
the market for cereals did not offer much III
the way of temptation to stock operators.
Mr.. Gould's pet, Missouri Pacific, was not
supported, and it stepped off with the rest.
Free selling Of Union Pacific characterized
| the dealings at one time to-day. AT the
close the market was quiet and rather firm.
NEW YORK. April 24.-Goyernment bonds
have been quiet and strong, the only change
being a recovery of the morning loss III the
quotations for the As. There was a sale or
COMMON As Mt I221S State bonds have been
quiet and Quotations generally steady, with u
sale of Tennessee compromise at 53dI35Is. Inc
railway bond market has been less active. and
prices this evening are Irregular, Dut IN many
cases lower The total sales were l,030,4OO,
decrease from yesterday of S407, 1000. This has
been the dullest day at the stock exchange
since the early part of the current month.
The total sales amounting to l29.910 shares, is
the smallest number, with the exception re-
ferred to. reported in mouths past. The eX-
IRENE dullness extended throughout the list,
the total sales in no case amounting 10 as
much as 5000 shares, except Tor the SIX or
seven stocks which have led the list for some
| time past. The transactions in st. Paul. Union
Pacific Lake Shore, Northwestern, Pacinc
| Mail and Lackawanna exceeded % per cent
| of the days business. With two or three un-
| important exceptions, the fluctuations were
within range of less than l per cent The
closing prices this evening are from 140D12 per
| cent. lower than yesterday. The opening quo
| tatlons showed little change this morning, but
the trading was extremely light and as the
| day passed there was slight tendency TO low
| err figures which continued until late IN the
afternoon, when Il moderate rally was foi-
| lowed by u comparatively steady, listiess and
| featureless closing. The governing commit
! tee of the stock exchange has adopted rules
| permitting the trading for the account in any
| of the securities listed; all sales and purchases
| for the account shall run absolutely Tor Ill
| teen DAYS without interest and all offers TO
| buy or sell be for an amount equal to 1000
| par value or multiples thereof. The regular
| commission to be Is per cent. each way. In
word it is proposed to make the unit OF tran
| sactions 10 shares instead OF 100. II desired,
| the room for dealing III unlisted securities in
| the exchange will be opened on Monday next,
| when the list in which dealings will be per-
| mitted will be ready for distribution st.
Paul was the most active stock ON the list,
but the sales were only IS, 900 shares and the
price this evening is u lower. Northwestern
! is down - Lake Shore y, and New YORK
Central i, Among the Gould stocks Western
Union is unchanged, Pacific Mail is = lower,
Union Pacific is down 4, Missouri Pacific IS,
| and Missouri, Kansas u Texas y per cent;
Lackawanna is unchanged. story has been
| in circulation to the effect that the Oregon
| Railway Il Navigation company was to be
| leased Jointly by the Union Pacific and North
ern Pacific companies, which are to grant .
per cent on the stock of the Navigation COM
pany for the first two years and per cent
| thereafter on which the stock rose from II
| to 75 to-day on sales of 1850 shares. Official
verification of this story could not be OBJ
| tanned.
QUOTATIONS. OF STOCKS AND BONDS.
NEW YORK, April 24.-Stocks and bonds
closed at the following prices bid:
Three per cents 102 Lake Shore. $50. 5s5s