Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-08-01
EVENING REPORT.


EVENING REPORT.
Money active and loaned up from 81 to s
per cent. per annum and down to 4 per cent.
closing at 5@6 per cent. Prime mercantile
paper .596 per cent. Sterling exchange,
bankers bills steady at s4.S515; do. ex. de.
uand, s4.SS11.
Governments-Irregular and in the main a
@X per cent. lower.
Bonds-The largest transactions in railroa
bonds were in Texas 81 Pacific fists, Rio
Grauce division, at 91@9l15; next in order
Erie second consols at 9S@9SL, and next in
Chicago, Milwaukee & st. Paul firsts, South.
ern Minnesota division, at 1GS@1OS1a. Sales
of other issues were small and it continued to
be difficult to fill round order for any of the
choice issues of the old roads at anything like
current quotations. Tomorrow is the last
day when Boston, Hartford s. Erie bonds can
be lodged with the treasurer OF the New York
4 New England Railroad company, at Boston,
for conversion into stock of the New York &
New England, which will have the privilege
of subscribing at SO per cent. to the 81 zoe
shares of the company's stock recently bought
from the state of Massachusetts,. Stockholders
on record August will then have until Au.
gust Is in which to decide whether they Will
take pro rata interest in state stock, but nc
others can share in the purchase.
State Securities Without feature except fo1
Tennessee mixed, which are % per cent. lower
Stocks-The stock market opened rather
strong. but it soon became apparent thai
active efforts were being made to bring about
downward reaction with the loss of as little
stock as possible. The result OF the fuctua.
tions up to about l O'Clock was fractional
decline in active stocks and larger one In
some OF the specialties. The determination
of some leading spectators to force a down
ward reaction in the stock market was fully
developed in the last hour, when, as a raid to
the movement, rates for call loans on stock.
were bid up from 3 to 81 to per cent, this
Notwithstanding that tomorrow the treasury
begins payment of S1S5 ,000,0 900 cash. TIL.
stock market, in the last hour, was freely
sold down, chiefly on short sales, and it was
given out that the market was to be kept veal
aad unsettled for day or two more. In tn,
| main it is to continue q bull market; ther
such reaction as is promised will in the Ions
run, work in favor Of high prices. Among
those anxious for reaction and working fol
| it, are the believers in higher prices early il
August. The lowest prices OF the day wer,
| made about 2:40 O'Clock, from which time
| until the close there was fractional recovery
The market closed strong.
The Epening Post says: "The public con-
| tinue buyers of stocks and the situation, 50
far as relates to stocks, is as favora DIE for full
prices as it has yet been."
The transactions aggregated 100000 shares
1000 Central Pacific; $4,000 Delaware. Lacka
wanna & Western; 25,0G0 Denver & BIC
Grande; 10000 Erie; $4,000 Missouri, Kansas
| & Texas; $4,000 Lake Shore; $4,000 Louisvill,
| & Nashville; 5000 New Jersey Central: IA ,OOt
Northern Pacific; 5000 Chicago, Milwaukee
s. st. Paul; $4,000 st. Paul & Omaha; l9,0Ot
Texas Pacific: 1900 Wabash, So. Louis &
Pacific; 10000 Western Union Telegraph
5000 Oregon q Transcontinental: l4.0O(
Rochester & Pittsburgh.