St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-15
FINANCIAL.
New York.
Special to the Globe.

Special to the Globe.
NEW YORK, April 1.-THE stock market
was narrow and uninteresting to-day, with
the bulk of the trading confined to the Gran
gers, Union Pacific and Pacific Mail. Early
in the day a report was circulated. lleging
renewed cuts by the Granger roads, cut this
was denied later, and the assertion was made
that the desire for war had subsidized and that
on the whole the outlook was more favorable
than for some time. The pools in Minneapo-
lis and st. Louis took both common and pre-
ferred stocks in hand and gave them life
of two to three points. Pacific Mail was
heavily sold at the opening, and the talk was
that the next dividend would be passed
After dropping point a rally followed, the
price selling back to the opening figures The
talk in regard to Union Pacific was favorable
and Russell Sage was quoted quite
bullish on it. The coal stocks were inactive,
but Spurted up fraction after the carly
dealings. Richmond g. Danvie made q phe-
nominal advance of six points, jumping from
80 to %. The Changers were sold down late
in the day on renewed reports of further cuts
in rates. The stories, however, were
promptly Denied aud this class of securities
together with the general market, improved.
Western Union was steady, and Pacific Mail
after the early drop was well held. Closing
quotations, as rule, indicated slightly bet
ter feeling.
WALL STREET GOSSIP.
d. d..
can see nothing bullish in stocks There has
been a rise of several points in some special
ties, but at the advance the buyers of the
past few days were the sellers yesterday
morning, aud IL customers cannot sell stocks
let them wait, but believe they are a sale ON
these rallies, and viii be so for some time to
come.
Clewes predicts an advance in stocks. based
on scarcity OF sellers and short interest while
Calm says stocks are in good supply and
short interest reduced. Pay your money and
take your choice.
Acknowledgements is the case here. I
have not courage enough 10 ask any one IN
tackle this sweet bread. The only business
doing is by professionals and room traders
About two-thirds of the board are of this
class.
NEW YORK, April 14.-Money on call easy
at Ia per cent. Prime mercantile paper
405. Sterling exchange unchanged. Gov
eminent bonds were dull and steady. State
bonds were neglected. Railroad bonds were
dull, with sales of sl,154,0O0. Prices in the
morning were strong, but showed a less dis
position after midday to yield slightly. In
dianapolis, Bloomington & Western ends are
up to 81: Milwaukee, Lake Shore & West
ern lists, to l2O, and Wabash trust receipts
to $50. Stocks were very dull ana pen-
orally firm, excepting after midday. when n
raid was made on q few stocks, Including
Union Pacific, Pacific Mail and western
Union. The attack had no effect upon the
rest OF the list, and later in the day part of
the losses established after midday in the
stocks mentioned were recovered. Pacific Mail
fell from 56ss to 55 and rallied in the last hour
TO 56s. The market was particularly dull
late in the afteInoo and close dull and firm
hUI different from last evenings close.
New York Central and Reading are up u
each and Union Pacific q. Theslow-listed
stocks came in for more than their equal
share OF attention. Minneapolis ST. Louis
rose from 20 TO 2215 in the forenoon and was
steady thereafter, closing at 2214. The pre-
ferred advanced y. The sales Of stocks to-
daY were 223.3lR shares Including.