St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-18
WILLIAM LINKER g. CO.,
Brokers in Stocks, Bonds, Grain and Provisions.
j55. DRAKE BLOCK. ST. PAUL. MIMI
FINANCIAL.
New York.
Special to the Globe.

Special to the Globe.
NEW YORK, April 1.-THE stock market
was inactive and narrow again to-day. The
opening was rather weak, values being I'M
favorably offered by Chicago dispatches, al
eging that the Lake Shore switchmen would
strike during the gay. Later it was announced
that an understanding had been reached that
the men would not go out until to-
morrow night. The Changers were
barely steadp. The report of new issue
of 20, 000,0 900, per cent. bonds by the North
western was the cause of a good deal of sell
ing both of Northwestern and st. Paul. In
siders in Western Union were quoted as say
ing that any one who sold on the alleged pros
pect of a strike among the telegrapherS on
the reduction in telegraph tolls would likely
get left. The feeling among traders generally
was beaTish, but conservative houses advised
against selling.
AFTER THE RECENT BREAK,
believing that the market would rally before
there was any further material decline. Dur
ing the latter part of the day the market was
fairly active, but there was no pronounced
movement in either direction, owing to the
uncertainty in regard to the outcome of the
prospective strikes IN the West. London
reported a fair buyer of Lake
Shore New York Central and Louisville
& Nashville. Richmond g. Danville gained
2 per cent. on limited transactions. The east
bound shipments from Chicago this week were
very light, aggregating only 1854 tons
against 1897 last week. The Gould stocks
were all well held and closed fraction over
opening. The first transactions in the new
St. Paul income bonds occurred to-day when
a sale was made at 96c. Pacific Mail doomed
up point in the last half hour, and closed mt
the best figures made during the day The
general market closed firm at a fraction adj
vance over opening.
NEW YORK, April I7.-Money on call easy
at 1212 per cent; prime mercantile paper
40l5 per cent; sterling exchange UNCHANGED
Government bonds were dull and steady.
State bonds were active and firm. Railroad
bonds were rather dull; sales SI.242.OOO
The changes IN prices we're unimportant
Total sales for the week were SO, ,OOO
against S9S52, 900 last week. Stocks were
dull and hrln. The most active stocks were
Lake Shore, Lacl1awanna. st. Paul and West
ern Union. Opening prices were generally
firm, although Lackawanna, Western Union
and Union Pacific were a shade lower. A
firm feeling prevailed during the fore
noon and the highest prices of the
day were made about noon. The decided
weakness was late in the day. but was
checked before O'Clock and the market
closed steady, in most cases y to q higher
than last evening. The most decided gains
were made by Reading and Pacific Mail. each
"a Contirmatory statements were circulated
in the afternoon showing that there had been
a heavy reduction in cable rates but the
news had little effect ON Western Unions
Even the lower priced fancy securities were
neglected, and the changes in prices are I'M
important except Columbus, Hooking Valley
g. Toledo, which is down "a Prices show un-
important changes. The total sales of stocks
to-day were 19I, 1853 shares. including:
Del, Lack&Wes- 81, $50 St. Paul 5000. 25.3s5
Erie. ........... 3.l0O Reading. $500
Lake Shore. 29.4S0 st. Paul & TO-. 1900
Northwestern :. $500 Union Pacific. IA 454
= ITpin