Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-12-23

NEW YORK, Dec. 22.-Money 406 per
cent, closing at per cent. Prime
mercantile paper COZ per cent. Sterling
exchange, bankers bills steady at $3.50; on
demand, a. sc.
Governments Steady and Is per cent. low
err for 415s registered and coupon.
Bonds-Railroad bonds irregular and I'M
settled and moderate volume of business.
State Securities-Fairly active.
Stocks-1he stock market opened at "a
to q per cent. lower than closing quotations
yesterday. In early dealings decline was re-
corded on change, < to ~ per cent, Wa
bash, common and preferred, Central Pacific,
Northern Pacific preferred and Denver q Rio
Grande being most prominent in the decline.
Subsequently this decline was partly recoy-
cred, but between first and second boards the
general market again fell off Il to ~ per cent,
Central Pacific and Wabash preferred leading
ion fell off III per cent to 791. During the
afternoon, under heavy pressure, to
sell still farther decline was
recorded, changing from l to per
cent, the latter for Richmond & Danville,
Canada Southern, Lake Erie & Western, Met
ropolitan Elevated, Missouri Pacific, Texas
Pacific, Denver & Rio Grande and Wabash
common and preferred also being conspicuous
therein. Western Union sold down ~ per
cent. further, showing an entire decline OF
~ per cent. Denver & Rio Grande and
Northern Pacific preferred were also notably
weak, the market closing weak.
From Commercial Bulletin; The feature
of the day was heavy decline in stock mar
ket, which ranged from to So per cent. In
stocks actively dealt in this decline was at
tended with reactions, but market closed in
so unsettled condition as to raise fears of
trouble to- morrow. There were no failures
to-day, in fact, the market may be said to have
fallen without special view to depress it, and
the decline Of last few days is due to general
liquidation of Morgan accounts, which have
been forced by large spectators, headed BY
Gould. This movement may be for the pur-
pose of finding solid ground on which to re.t
bull market early in the new year. If this is
the case, the point of interest will be found
out when the forces which are depressing the
market are to be reversed, whether at about
present prices or at lower ones. If present
movement is not preparatory for bull cam
paign in January and market is not brought
up and turned at any point near present, then
very much lower prices will cause no sur
prise, for each day of decline, and we have
had several now, adds to prevailing demoral.
ization of the public and their indisposition
to dicker In stocks.
From Mail-Erpress: About noon it be-
came apparent somebody was selling great
deal of stock, and with this temper specula-
ton changed and extreme weakness in prices
ensued. It seems to be fact that Gould is
on the war path and means to create all the
bear market desired. A gentleman who has
opportunity of knowing Gould's views said
to-day people who have been making this
market have been warned of what would take
place if they did not desist. They paid no at
tention to the warning and are now reaping
the consequences. The harvest is in fair
way to continue.
The transactions aggregated SIS 900 shares:
Canals Southern ZOO; Central Pacific 2S,400;
Chicago, Columbus & Indiana Central 1,700;
Delaware, Lackawanna & Western %, 300;
Denver & Rio Grande $4,000; Erie 1900;
Hannibal & st. Joe, 1,4OO; Missouri, Kansas &
Texas $4,000; Lake Shore g. 900; Louisville &
Nashville 1880; Michigan Central $4,000;
Memphis & Charleston 2,7O0; Missouri Pacific
4,7OO; Chicago & Northwestern $500; New
Jersey Central 10000; New York Central H.
OOO; Northern Pacific 1900; Ontario & West
ern 1890; Ohio Central 1,l00; Pacific Mail
$500; Peoria, Decatur & Evansville 1,4O0;
Philadelphia & Reading 1900; Chicago,
Milwaukee Il st. Paul $4,000; st. Paul &
Omaha 5000; Texas Pacific $4,000; Union
Pacific 13, 600; Wabash, st. Louis & Pacific
81, 600; Western Union Telegraph 5000;
East Tennes see $500; Robinson Mining 2,7O0.
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