Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-20
at SASSY. sighs exchange en- New York

at s4s31S. sighs exchange en- New York
SASSY.
Produce exports for the week. $3,37O,0O0.
Governments weak and A@T per cent.
lower.
Bonds-Railroad bonds weak on limited
volume of business.
State securities dull.
stocks-The stock market opened with re-
newal of the depression and before noon
showed a decline ranging from to 81
per cent, Chicago, Milwaukee ST. Paul,
Denver & Rio Grande, New Jersey Central,
Chicago & Northwestern, Michigan Central
and Delaware, Lackawanna u Western leading
in the downward movement Toward noon
speculation became firmer on purchases and an
advance of 339s per cent. took place, in which
Denver & Rio Grande, Chicago, Milwaukee d
St. Paul and Chicago & Northwestern were
most prominent. During the afternoon, how
ever, there was a renewal of the pressure to
sell and sharp decline ensued, falling off
from \ to So per cent, Denver Rio Grande,
Chicago, Milwaukee & St. Paul, New Jersey
Central, Delaware, Lackawanna & Western,
Chicago & Northwestern, Northern Pacific
preferred, Michigan Central and Lake Shore
leading. Chicago, Burlington q Quincy
dropped per cent. and recovered per cent.
Louisville, New Albany & Chicago rose per
cent but later lost the improvement.
The Commercial Bulletin says: There was
to-day further decline in the leading specu
lative stocks of to 5 per cent. At times the
excitement ran high, although at no time was
the market in condition OF panic. The only
additional fuel added to the flame was notice
that the trunk line railroads had reduced pas
senger fares from New York to Chicago to
$40, that scalpers were selling the same tickets
at S. 80, and that freight rates were, if pos
sible, more demoralized than ever. Notwith-
standing the news, which should have de-
pressed trunk line shares more than other
stocks, they were better sustained than almost
any others, large orders 10 buy having APP
peared throughout the day. The weak stocks
were Chicago, Milwaukee d st. Paul, which
no longer has strong pool to sustain it, New
Jersey Central, Denver Il Rio Grande and
Northern Pacific preferred. In the last hour
Union Pacific, Central Pacific, Delaware, Lack
awanna & Western. and Southwestern stocks
were given turn by the bears and all declined.
The traders known as scalpers were very
active to-day on the bear side and many hold
ers OF stocks threw them over. 1t is known,
on the other hand, that some of the strongest
men who speculate in stocks had sealed orders
to take large amounts and we're quiet buyers
at every step of the decline. There were also
a good many orders to buy dividend stocks
from class of outside capitalists who never
venture into Wall street except at tunes of
great depression, who then buy and take away
stocks TO hold for recovery.
The Erening Post says: There has been a
strong buying of trunk line stocks. The
weak points in the market were found to be
the Chicago, Milwaukee Il St. Paul, Denver &
Rio Grande and New Jersey Central. The
first named was made an easy prey for the
bears.
The transactions aggregated 1872, geo shares:
Canada Southern 5000; Central Pacific $500;
Chicago, Columbus 81 Indiana Central l ,400;
Delaware, Lackawanna ii Western 80 coo;
Delaware & Hudson 1920; Denver IL Rio
Grande 10 1000; Erie II 900; Hannibal & st. Joe
2 200; Missouri, Kansas IL Texas 5000; Lake
Shore 5000; Louisville IL Nashville $500;
Lake Erie & Western 1900; Michigan Central
g. 400; Memphis d Charleston l,0UU; Missouri
Pacific 5000; Chicago u North western
%, OUO; New Jersey Central $1,000; New
York Central 1000; Northern Pacific
200; Ohio & Mississippi 1900; Ontario &
Western 1000; Ohio Genital l,300; Pacific
Mail 400; Chicago, Milwaukee q st. Paul
81, 900; ST. Paul & Omaha 5000; Texas Pacific
5 800; Union Pacific $4,000; Wabash, st. Louis
& Pacific II 900; Western Union Telegraph
25, 900; Central Arizona II ,0O0; Philadelphia &
Raadino InO