St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-26
FL NANCLAL.
New York.
Special to the Globe.

Special to the Globe.
NEW YORK, March 25.-The settlement of
the strike at Kansas City last night served in
4 measure TO quiet apprehenSions as TO the
danger of a further spread of the labor
troubles. The stock market at the
opening refe cted this better feel
ing in higher prices all around.
There was little Improvement however, after
the opening, and on close canvass of the
situation operators generally came to the con-
clusion that settlement of the trouble in the
southwest was as far OF as ever. Mr.. Gould's
statement that he would take legal proceed
ings against the Knights of Labor left no
doubt that the war would be a utter one, and
that the worst had not been seen. The Mis-
souri, Pacific moved a few trains out of ST
Louis to-day, but they had to be heavily
guarded with special policemen. North
western earnings for the third week in March
increased $4,000. The Nanderbilts were
made strong by clique buying, and st. Paul
was bid up point on the rumor that
Armour was buying. The announcement of
of the breaking up Of the Northwestern Traf-
fic association about noon caused a furry in
the Changers. Large LlOcks of st. Paul were
sold in anticipation of the rate war which it
was thought would follow. The Granger
stocks as consequence broke about point
but were rallied later, regaining before the
close all the early decline. The news from
the strike in the Southwest was more pacific
and this was the basis for an Improvement in
prices toward the close. Railroad earnings
were generally favorable. The market closed
strong with the majority Of securities higher
than at the opening.
WALL STREET GOSSIP.
II. B. Holns: / have positive information
that Gould has conered his short stock and
gone long. He says that great many dis
turbing elements are out of the market.
The Gould party bought more stocks yes
terday than they have for months. This
oil fS
list.
Wheeler: I think the market is about
evened up and the rally is over.
Gould is quoted as saying that the strikes
in the Southwest are throttled.
London was reported a heavy buyer Of
Lake Shore at the opening.
Lawson: You can look for a sharp rally
as the market is oversold.
NEW YORK, March 25.-Money on call easy
at lGI3 per cent. Prime mercantile paper 4
W5. Sterling exchange dull. but steady at
SkS612 for sixty days and S4.SSl4 for demand.
Government bonds were dull aud steady.
State bonds were unchanged. The sales In
railroad bonds amounted TO S2.3l4.OOO the
most active being Erie ID consols and Canada
Southern Eds The list closed irregular with
both advances and declines ranging from
fractions to per cent. A better feeling pre-
vailed IN stocks. The decided strength at the
opening, which was attributed in part TO
foreign buying, gave more announcement.
first prices showing an advance generally of
y to over last evenings close, and contin-
ued strength during the forenoon, ac-
conpanied by considerable activity, in
a measure oOuntCractcd the unfayorable
news regarding the strike in the West. There
was a decided break after midday, LED by
Nor hwestern and Union Pacific, but this was
checked on reports of more favorable news
from the West regarding the troubles be-
tween the railroads and their emplo. eS
which again stimulated buying. just before
the close there was very Slight reaction
and the final prices were shade below the
figures ruling five minutes before O'clock
The result of the days operations, however
is an advance for everything on the active
list of fractions to per cent. Even North
western, which was rGided after MIDDAY on
story that the Northwestern Traffic associa-
ton had accomplished nothing and that a
rate war in the Northwest was imminent,
made net gain of "a and st. Paul is up IL.
closed with an advance of ~
Delaware & Hudson and New Jersey
Central are up each IL and Reading q
There was an exceptional advance in ST. Paul
g. Duluth, which closed at 80. a gain of go
The Vanderbilts aud Erie were strong, Lake
Shore gaining l5s at a shade below the best
figures of the day, New York Central, az
Erie common, 81, and the preferred l. King
Valley continues active and strong, gaining
l3s ON sales of $50 shares. Union Pacific con-
tnues to be feverish on rumors of early de-
velopments from Washington of an I'M
favorable character. The total sales OF
stocks to-day were asa, 024 shares including:
Del, Lack&Wes. "a, 7l0 New York Gen.. 20, 5S4