Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-10-23
BANK STATEMENT

legal requirements.
Governments unchanged except registered
~ s and As, which are e per cent. lower.
Bonds-In the railroad bond market there
were but few changes of Importance; Lake
Erie & Western advanced to 70 from &c.;
Houston & Texas Central (main line) seconds
to 1913 from 126; Boston, Hartford & Erie
frsts to SO from IS, and East Tennessee, Vir-
ginia g. Georgia incomes to 54h from So.
State securities moderately active.
Stocks-The stock market opened strong
and 77s to ~ per cent. higher, the latter in
Hannibal & st. Joe preferred; Metropolitan
Elevated, which was x per cent. lower, being
an exception. Manhattan Elevated fell off x
per cent. in the early dealings, but the entire
list soon became strong and prices rose n to
81 per cent, Manhattan Elevated and Metro.
politan Elevated leading. This was followed
by decline of x to per cent, which was
most marked in Manhattan Elevated. After
midday speculation became dull and frac-
tional reaction ensued, but the market quickly
regained strong tone, Oregon Navigation
selling up Z per cent, Manhattan Elevated 81
per cent and Lake Erie & Western IA per
cent. After the second board Oregon Navi-
cation fell off per cent. and the general list
q to / per cent, but in the final sales the
dealings were firmer and the market closed at
recovery of Is to rs per cent. In which the
entire list participated. Prices at the close
were Il to per cent. higher than yesterday,
the latter in Oregon Navigation. Manhattan
Elevated was ~ per cent. higher, Metropoli-
tan Elevated 81 per cent, Ontario & Western
~ per cent, Philadelphia & Reading rs per
cent, New Jersey Central g per cent, Lake
Erie & Western 1 4 per cent. and the remain
der of the list "a to Z per cent. The rise in
Elevated railroad stocks was assisted by vague
reports respecting conference of representa-
tives of the three companies. A foreign bank
ing house had an order from London this
morning for the purchase of confederate
bonds and they sold as high as s400@500 per
81 900 on the street to-day.
1t is reported semi-oficially that the diff
culties between the Pacific and Southern Pa
cific will soon be adjusted and that neither will
fulfill their threats, the former of building to
San Francisco and the latter to Galveston.
The Texas g. Colorado Construction COM
PAW has contracted for building the first
twenty five miles of road; also, for 10000
tons OF steel rails and other equipments.
There is fair borrowing demand for West
ern Union Telegraph, Union Pacific, Lake
Shore, Michigan Central, New York Central
and Texas Pacific.
The banks have gained over SIS, ZOO, 600
from treasury operations this week.
The transactions aggregated 257 900 shares:
Canals Southern 100; Central Pacific 2,4OO;
Delaware, Lackawanna 4 Western $4,000;
Delaware s. Hudson 1900; Denver & Rio
Grande 5000; Erie 1900; Hannibal s. st.
Joe 1900; Missouri, Kansas & Texas 400
Lake Shore 10000; Louisville & Nashville
800; Lake Erie & Western 1890; Michigan
Central 1920; Chicago & Northwestern
5000; New Jersey Central 10, 900; New Yofl
Central II, 600; Ontario & Western % goo; Pa
ci6c Mail 1900; Philadelphia & Reading
st. Paul & Omaha 1.40O; Texas Pacific 900
Union Pacific 1900: Wabash, st. Louis &
Pacific $500; Western Union Telegraph 1900
East Tennessee, Virginia & Georgia $500.