Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-07
EVENING QUOTATIONS.

Governments steady. Railroad bonds generally
heavy and lower. Boston, Hartford & Erie frsts
sold down from 55A to AZ and recovered to 4S9s.
Rome WATERFOWL & Ogdensburg declined 3Ha and
Erie seconds rs per cent. ST. Louis Iron Noun
tain firsts preferred incomes fell off to SO and do
seconds to To- Denver & Rio Grande irsts rose to
1O2. State securities dull.
Money 4616 per cent. closing easy at per cent.
Prime mercantile paper 506 per cent. Sterling
exchange bankers bills dull at $4.S5A sight ex-
change on New York 4. S8.
stocks-The market opened firm and prices ad-
vadced AGl1 per cent, the latter in New York Cen
trail but before the first beard pronounced selling
movement was commenced, under which the entire
list gave way and decline of 1s06a per cent took
place. Central Pacific, Pacific Mail, Ohio & Missis-
sippi, Houston & Texas, Erie, New York Central,
Wabash, st. Louis & Pacific and Western Union lead
ing in the downward movement. In final dealings
there was a recovery in some instances of A01A
per cent, the latter in Pacific Mail, while in some
cases the lowest prices of the day prominent at
the close Louisville & Nashville was exceptionally
strong and advanced per cent. The bearish feel
ing in the last hour of business stronger than at
any previous time since the present downward move
ment . The fire at Boston magni6ed into a con-
fagration and made the basis for the rumor that
mercantile failure was imminent there. This OF
course helped to unsettle matters. Then again it
was the general impression that some of the large
operators are not on the most friendly terms, and
that in turn they were doing their utmost to depress
each others stocks. Special drives were made
against Erie, Pacific Mail. Delaware Lackawanna
Western Wabash, St Louis & Pacific and New York
Central, and enormous transactions took place in
these shares. When the lowest quotations were
touched intense excitement prevailed, VIII was al
ID
against Northern Pacific and ST. Louis & San Fran
cisco on fears of hostile legislation in Congress- The
final quotations which augur good things for the
market were not discussed, as being seemingly use
less to stay the downward movement. The principal
subject which occupied speculative minds was the
probability of prices soon finding bottom. Money
was easy and there was considerable scrutiny of col
laterals in view of the decline in the stock market,
but the article plenty good security and stocks
were in active borrowing demand. The April earn
ngs of railways continue to pour in and In every in
stance show gain over last year. The st. Louis &
Iron Mountain shows an increase of SS5, lO3; the
Louisville & Nashville S61, 600; Mobile Il Ohio ST.
1852: Wabash ST. Louis & Pacific S284,00O and Mis-
souri,, Kansas & Texas S52,5l4. The Lake Shore
Michigan Southern for the first four months of the
current year shows gain in traffic of $2,OOOOOO.
The Anthracite coal roads gain largely in conse-
uuence Of an advance in price of coal and increase
on Montreal business. The returns of the granger
and other Western roads show largely increased
traffic over last year. The earnings of the New
York Central & Hudson increased S56,S00 for April,
and increased for the first months of the fiscal
year S2,595,0OO Mining shares were somewhat ir-
regular but without important fluctuations, notwith
standing denials that the water supply, which was
depended on to work the stamp mills of the Central
do tOf hof oc1r
cannot be denied that insiders in this stock have been
selling freely of late, and the company originally
working the mine experienced considerable trouble
for lack of proper water facilities the belief is gain
ing ground that there is something more than mere
idle in the story that the plans of the present
company for plentiful supply of water have at
least partially failed.
Transactions aggregated $4,000 shares, of which