Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-25
EyENING QUOTATIONS.


Goysrnm snts steady and higher: Railroad bonds
active bat irregular, and generally lower with
heavy decline in some issues. Erie consols fell on
from IS TO s514 and reoo vered to SAX. New
Jersey Central consols assorted fell off 64 per
cent to rs and adjustments 4 to 1e4; Boston, Il.
& z. frsss 81 to ST. Lehigh Il wilkesbsrre consols
assorted III toSj; Wa bash st. Louis division to
10; Kansas and Texas &c to 53A, and Cincicln-
natl, Columbus Il Indiana Central incomes, III to
8o14. There vas recovery Of per sent In Wabash
l. Lehigh at the close State securities dull.
Money 406 per cent, closing at 606 per cent
Prime mercantile paper sac per cent. Sterl-
ing exchange bankers bills firm at S4.86H;
sight exchange on New York ST. $50.
EStocks-The stock market opened generally firm
and in come cases fractional advance took place,
but soon heavy pressure to sell was developed In
coal shares, and amid great excitement New Jersey
Central decl ned 1l5s Delaware Hudson 81 Del
aware, LackawaEna & Western eh Morris Essex
81; Iron Mountain 51l; Cincinnati, Columbus
Indiana Central AZ, and the remainder Of the list
A@3% per cent About O'Clock speculation be-
came temporarily firm and a recovery of HD4 per
cent took place, the latter on New Jersey Central but
toward the close depression again set in and prices
fell A54 per cent, the New Jersey Central leading
the declins. In final sales however, the Delaware
and Dellwa;e & Lackawdnna Y per cent. each, the
general list being steady The general market with
stood the decline in coal roads remarkably well for
time but finally yielded The bears, Of course,
improved the opportunity offered them to make
fierce onsiaughts against the market. They paid
partcular attention to tbs Lake Shore and Erie, Of
which stocks immense blocks we're pressed for sale,
resulting in decline of 2A@S per cent. in Lake
Shore There was a large number or sellers. Sixty
options we're put out at 01 per cent below price In
the re .uldr way, There was some heavy selling Of
Wabash shares aud preferred declined 81 per cent.
Western Union aud grargers were conspicuously
active aud declined 12l0sH per cent Some OF the
large operators who were recently bullng the mar
ket were heavy sellers in stocks in early dealings but
AZ the lowest prices. Good buyers appeared, among
whom were brokers of leading spectators and pur-
chases of Lake Shore, Lackawanna, the
"a aer and Western Union were heavy. AZ usual
in times of great depression many idle rumors were
set aoat II was reported that certain houses were
in trouble and later the report gained currency that
there Was panic in American securities in London.
These runors were more or less generally believed
and induced fee sales of long stocks besides re-
newed hammering on the part of the bears. An
other RI nor gained currency that Jay Gould was
determined 10 break the market down and was par
ticuary DESTROYS OF preaKlnR Lake onore as lar De-
low par as possible. Considering the enormous
liquidation in coal shares the market holds up quite
well. This may be ascribed to the fact that the
earnings of railroad companies throughout the coun
try ara large aud continue to increase. The North
western company has done so welt that extra divi'
bends for both common and preferred stocks are
ia ked of at the June meeting of directors. The
Chicago & Rock Island earnings for the first siz
,eks of the new fiscal year show gain Of $4,000
The Chicago & Northwestern earnings for the first
four days of the third week of May increased $s
The transactions aggregated $4,000 shares, Of
which 1000 were Canada Southern; 1000 Cleve
land, Columbus Il In diana Central; 5000 @. @. c. &
l.; 12S,O0O Delaware, Lackawanna Western
1900 Delaware Hudson; $1,000 Erie; 6,OO(
Hannibal St. Joe; 5000 st. Louis b Iron