Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-18
EVENING QUOTATIONS.

Governments strong and higher. Railroad
bonds Irregular, but for the most part weak.
State securities dull.
Money easy at 4(05 per cent. Prime mer
camille paper 50515 per cent. Sterling ex-
change, bankers bills frmer at $4.8515; sight
exchange on New York 4.88.
Stooks-The week opened on the Stock Ex-
change with a renewal of the bear assaults on
the market, which have formed so prominent a
feature of the situation for some time past.
At the start a particular drive was made
against Canada Southern and Pacific Mail, and
both stocks yielded to the pressure. Canada
Southern. which closed at 4814 Saturday, open
ed at Az and broke to 40; Pacific Mail opened
at 3l7s and dropped to 29}S. The transfer
books of this company for the annual election
will close to-day, and it is generally under
stood that the Pacific railroad people will con-
troll this company next year. The break in
these stocks affected the whole list unfavOrably
and there was q general decline of 1503A per
cent, the latter in Wabash, which was inhu-
enced to some extent by the repetition of ru-
mors about fresh issue Of stock, after which
Canada Southern rallied 2I and Pacific Mail
! 4 per cent, and there was a sympathetic i'm
provement in other shares. This was followed
after meridian by u sudden decline in the coal
roads, Delaware, Lackawanna Western drop
ping to 761s and New Jersey Central to g..
This caused weakening in the general list
once more. At the second board coal shares
rallied 1I4@1% per cent, which impaired a
firmer feeling to the whole market. The rea-
sons given for fresh decline in values to-day
srsthe old ones viz, the general demoraliza-
ton of the bull element and the fact that
prices are not low enough to suit some of the
leading operators, who have complete control
of the market for the time being. During the
afternoon The depression was more marked than
at any previous time since the present down.
ward movement set in and the market was ut
terly demoralized. There was a sharp pressure
10 soil all leading speculative shares and trans
actions were enormous in the closing hours
business. The decline brought out large
amounts If long stock, the natural result Of a
further weakening of margins. At the lowest
poi the decline for the day was 1854 per
cent, Canada Southern, New Jersey Central,
Pacific Mail Wabash, Michigan Central and
graugers showing the greatest fall. In the
maj SAFES bneIS was d IeCONoIy VI 4 N1L pei
cent, this advance being led by New Jersey
Central, Reading and Chicago, Milwaukee &
St. Paul The Chicago, Rock Island q Pacific
Railroad company earned, for the fiscal year
ending April lst the round sum of I'll, 4l2, 900,
st an expense of IS, 1871, OOo the net of $685.
900, paid fixed charges in the way of rentals
aud interest, aud had left 81 402, 900 for stock,
equal to 81 per cent. of which 10 per cent.
was divided in quarterly dividends of 21]5 per
cent. each.
The transactions aggregated $4,000 shares, Of
which 81 900 were Canada Southern; $4,000 Lacka-
wanna & Western; $500 Delaware Il Hudson; 5000
Erie; 5000 Hannibal St Joe 400 ST. Louis 4 Iron
Mountain; $1,000 Missouri, Kansas Texas; 49, 0O
Lake Shore Il Michigan Southern; 1,6lG Lake Erie
& Western; l. 600 Michigan Central; 1000 Chicago
& Northwestern; $1,000 New Jersey Central; 5000
New York Central; 1000 Ohio Mississippi; 1900
Ontario & Western; 220 900 Pacific Mall $4,000 Read
ing; $4,000 Chicago, Milwaukee st. Paul; 5000
Union Pacific; 81, 600 wabash, st. Louis Il Pacific
and $4,000 Western Union.
The following the closing quotations: