St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-12
ANCIAL.
New York.

Special to the Globe.
NEW YORK, March 1I-There was very
little life in the stock market again to-day.
The labor strikes and the rate wars, together
with bearish advices from Phila-
delphia regarding Reading affairs,
about buying. The feeling in regard 10
Western Union was particularly bearish,
some operators going so far as TO assert that
the stock would sell down TO 40. After a de-
cline Of a point, however, it rallied and ruled
steady the rest of the day. The syndicate
was represented TO be still in command of the
situation in the affairs Of the coal roads, and
the public seemed disposed TO let il have all
the stocks it wanted at present prices. Re-
ports came from Philadelphia alleging that a
hitch had occurred in the negotiations
between Gowen and the syndicate. and
that an open rupture might occur
at any moment. In spite of those
unfavorabie advices, the coal stocks showed
no disposition TO sell of. The general market
was absolutely featureless, and trading out
side the coal stocks and Western Union was
very limited. For the first week in March
Northwestern earnings decreased Sl5,600,
Northern Pacific increased $1,000 and st.
Louis Il San Francisco increased $4,000.
LGckawana and Reading were given n squirt
upward on the report from Philadelphia that
the syndicate and the trustees having Read
ing affairs in charge had reached an agree
ment, and that the plan would be
published tomorrow. There was also
the regular daily report that the
trancontinental war had been settled, or was
i'm process of settlement. The strike on the
Gould lines had little influence and the ten
cency of the market late in the day was de-
cidedly bullish. Closing prices were, in most
instances, considerably better than at the
opening.
WALL STREET GOSSIP.
st. Paul Duluth seems to be gradually
! creeping u. and il WAS active all daN and nd
vanced points to-day, but later fell OFF q.
Foreign houses are buying Lake Shore and
Erie.
Woerishoffer brokers were heavy sellers of
| Western Union, and il is also stated that
heavy orders OF Lake Shore are being bought
| for his interest.
''The Pacific Mail directors will meet early
! to officially pass the April dividend" say
Kohn, Pepper Co. "Would advise caution
in selling Western Union. Short now, and
the stock will surely rally again"
The Vanderbilt houses sold Lake Shore
Cammack was believed 10 be the buyer.
Commissioner Fink sad of the transconti-
mental war: There is no immediate prospect
of peace. The roads demand privileges
! which aggregate 200 per cent"
Henry Clews said: THE market is disposed
to believe that the determined action of the
Missouri Pacific company will soon crush out
the strike, and the impression is also growing
that the transcontinental war will soon be set
tied. This is causing increased confidence
and more buying and less bear selling"
1t is said that Phil Armour is selling St.
Paul.
There is an entire absence of outside
| orders.
The bulls talk confidently of the time when
the tranScontinental war is settled, and labor
troubles are things Of the past. This state OF
things they feel sure will bring the public in
and give stocks another boom, and guess
they are right.