Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-06-05
BANK STATEMENT.

Loans, increase. ACKNOWLEDGEMENTS 9,UoS,-UU
Specie, decrease ...... 3,0S5, 700
Legal tenders, decrease. ..... 3OS,500
Deposits, increase. I,3O5,oOO
Circulation, decrease. ........ $1,000
Reserve, decrease. ............... o,232,65O
The banks now hold S9,49O, $50 in excess Of
legal requirements.
Governments unchanged except 5s register
ed, which rose 4 per cent.
Unconstitutional bonds fairly active but ir-
regular. Boston, Hartford d Erie frsts adj
vanced 10 S715 from SIS and then declined to
S3E; Chicago, Columbus IL Indiana Central
incomes declined to 751a from III, and Mis-
souri,, Kansas q Texas seconds 10 SIX from
50; ST. Louis d Iron Mountain seconds ad
vanced to 11434 from is; Union Pacific firsts
to 1l9 from lis; Indiana, Bloomington d
Western seconds TO SIS from 81; Ohio Central
incomes to 6655 from &C and Northern Pacific
frsts TO 1861 from 105.
Stocks-The stock market opened generally
firm and prices advanced Il TO II per cent,
New jersey Central and Union Pacific being
most prominent in the rise. This was quickly
followed by decline of q 70 81 per cent,
which was most marked IN Canada Southern,
st. Louis & San Francisco preferred, New Jer-
sey Central, Pacific Mail, the granger shares
and Central Pacific. After midday there was q
recovery of Is to per cent, but during the
afternoon speculation was unsettled with a
downward tendency as to prices, and in the late
dealings the general list further declined 4 to
II per cent In the final sales, however, a
tirmer tone prevailed and the market closed at
a recovery of Is to per cent, while Denver 6,
Rio Grande sold up 2 per cent. from the lowest
point The air this afternoon was flooded
with rumors about cutting rates by the trunk
lines led by Vanderbilt, about short winter
wheat crop, damage to spring wheat and re-
duced acreage, etc. These rumors, together
with an unfavorable bank statement, lntiu-
enced prices of stocks.
The Graphic says: Trouble has for q long
time been brewing among the railroads. 1t is
said that the Erie road, in particular, has been
taking freight at varying rates and that it has
agents out in the West seeking business at
such rates as would secure freights. The re-
suit of this has been that large portion Of
business has been diverted from the New York
Central lines and that the Erie elevator has
been running full while the Vanderbilt ele-
yator, on North river, has beep empty. It is
affirmed that Vanderbilt, on being made &C.
quainted with the state of affairs, addressed an
official letter to the Erie people notifying them
that henceforth the roads under his control
would compete for business without regard to
past agreement. There have been accompany
ing rumors to the etfectfthat the Wabash, st.
Louis q Pacific system was to be attacked and
that the Baltimore 81 Ohio railroad was to be
punched for its alleged misdoing. G. n.
Smith, the new general manager of the Chesa-
peake d Ohio road, has been making very
thorough examination of the property of the
company. He said to a banker to-day that his
report is very encouraging. He says that if the
company will supply him with the needed
equipment there can readily be developed a
business on which he can pay 6 per cent. on all
bonds and all stock Of the road. He has just
made a contract with parties who are erecting
an immense number of coke ovens to supply
them with materials, great many industries
are springing up and the policy of the road is
to develop them to the utmost. l expect to
see the road dividend paying concern at no
distant day.
The transactions aggregated $4,000 shares:
Canada Southern $4,000; Central Pacific 1850;
Chicago, Columbus & Indiana Central $500;
Delaware, Lackawanna 81 Western $4,000; Del.
aware & Hudson 2,1O0; Denver & Rio Grande
II 900; Erie $4,000; Hannibal {, st. Joe 1900;
Lake Shore $4,000; Louisville 81 Nashville
5000; Lake Erie g. Western 600; Michi-
gan Central $1,000; Chicago d Northwestern
1900; New Jersey Central IL 900; New York
Central 1900; Northern Pacific $500; Ohio
& Mississippi 1880; Ontario 81 Western
1000; Ohio Central 1900; Pacific Mail
10000; Peoria, Decatur d Evansville 1890;
Philadelphia & Reading 2,lOo; Chicago, Mil
waukee & St. Paul ZOO; St. Paul d Omaha
$4,000; Wabash, st. Louis d Pacific 1000;
Western Union Telegraph 7,400; Missouri
Kansas & Texas 1900; st. Louis & San Fran
cisco 1900.