St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-22
FINANC IAL.
New York.

Special to the Globe.
NEW YORK, April 21.-Pacific Mail was the
most active stock dealt in on the stock ex-
change to-day 1t was reported semi-oficially
before the opening that at the meeting to-day
the directors would vote to pass the next div
idend. A large amount of stock was pressed
on the market, causing break Of IA points
during the first hours of the session. The
rest of the market was generally firm. The
Changers advanced q fraction, but the
coal stocks were weak. There were
no developments of consequence re-
garding the Lake Shore strike, and
no important extensions of the labor
troubles. The market was, on the whole, eX-
tremely dull and outside Pacific Mail excep-
tionally inactive. The report was that Chi
cago had very generally covered its shorts.
This gave the market some strength during
the latter part of the day, but there was no
boom. Chicago dispatches regarding the
Lake Shore trouble were, on the whole, fav-
orable. 1t was claimed that the scab switch
men would resign, and that this would remove
the cause of the trouble, rendering a resump-
ton of business possible tomorrow. Cam
mack was supposed to have covered between
$4,000 and 10000 shares of stock, and the
transactions for the day amounted to less
than 275, 900 sharas. Closing prices were in
most instances fraction better than open
ing.
NEW YORK, April 2l.-Money on call easy
at 112G2 per cent, mercantile paper 4G5,
sterling exchange dull but steady at 81. S65z
! for sixty days, and 81 .SS1z for demand. Gov
eminent bonds were quiet but firm, except
| the currency 6s, which were heavy. State
| bonds were dull and steady. There was a far
business in railroad bonds, but the trading
was enerally of a retail character. Louis
vile, New Albany g. Chicago lists rose from
| 100 to liz on moderate trading. Louisville &
Nashville, St. Louis division IDS are down at
81, and Wabash g. Chicago division 5s,215 at 81,
and Wabash lists extended DDS
l13. There was better business
in stocks although the trading is still very
dnll. There was stong opening, and during
the forenoon the general list showed some
feverishness moving up and down within a
range of fractions, while Pacific Mail de-
veloped decided weakness. After opening at
50 1T broke to 53sz during the forenoon on a
semi-official statement that no dividend would
be declared. This statement was later con-
firmed and the directors decided TO pass the
dividend for the coming quarter owing TO the
| fight existing between the company and the
Pacific railroads regarding freight rates.
Alter midday the stock rallied TO 54A and
closed at SAY; net loss of - 1t is the only
! active stock that shows a decline. After midday
| the general list was firm and advanced moder-
ately, and closed a shade below the best
| figures of the day. Union Pacific made net
gain of e per cent. and Chicago, Burlington
| Quincy i. Among the low-priced fancies
| st. Louis, New Albany g. Chicago advanced
| 81 per cent. to 3614. The news of the day
was unimportant
The total sales of stocks to-day were 243, coo
shares including
| Del, Lack&Wes. 81, $40 Pacific Mail. -. 10, 405
Delaware& Hud 3,705 st. Paul. ....... "a, Clio
Erie. $3.50 st. Paul & o.. 1870
Lake Shore..... 30.545 Union Pacific. %, 635
Northwestern 1885 Western Union. 1905
New Jer. Cent. 5,4O0 Northern Pac.. 7,145
New York Cent. a, 523