Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-05

Money 1910 per cent, CLOSING at 7 Ger cent
Prime mercantile paper 6 per cent. Sterling ex-
change, bankers bills steady at 1851: do. ex
demand, S4.8914.
GoTernments-Irregular
Unconstitutional bonds steady.
State Securities-Dull.
Stocks-Stock speculation opened firm and
prices were a fraction above the closing Satur
day. In the early trade the general list sold III
15Wl78 per cent, Oregon Transcontinental lead,
ing, bat subsequently the market became heavy
and fell Oft 115W2 per cent, the latter for Han
Dibal & st. Joe preferred, while common sold al
AZ as against $3.50, its last quotations. In the
early part OF the afternoon there was q general
advance of 180% per cent, Oregon & Trans
continental and Hannibal G st. Joe preferred be-
ing most conspicuous, after which the market
fell off 18@I1 per cent, Memphis G Charleston
leading IN the decline The high rate of money
in the final dealings, caused a fractional decline
The market closed dull and weak, with prices il
the main 15@11a per cent. below Saturdays
closing, the latter for Chicago, Burlington &
Quincy.
The Graphic says: The 10000 shares of Han.
nibal & St. Joe common stock bought by the
Gould syndicate were purchased at a. The
Chicago, Burlington 4 Quincy road had made 2
previous offer of 20, which was refused by the
brokers who were carrying Mr. Duff and this
resulted in negotiations between Connor and
Bloodgood. OF the 10000 shares of stock the
larger part was held by Bloodgood & Co., y, COG
by Work, Strong & Co., 5000 by W. T. Hatch &
Son, and the balance In lots of from 1000 TO
5000 shares by brokers here ard In Boston who
experimenting a possible strngency in money.
declined to carry the deal further. 1t is under
stood that no guarantee has been made in regard
to preferred stock. OF course the Gould interest
Is entirely IN the common 1t is believed for the
So, 1905 900 involved in the purcha Sc the interest
viii be turned over to the Wabash, ST. Louis &
Pacific company In return for bonds to that
amount bearing per cent. interest. At this fig
ure the purchase is good one for the Wabash.
St. Louis & Pacific company, as the road is re-
ceving in rentals for the use OF its tracks from
the Chicago, Rock Island & Pacific company and
the Chicago, Burlington & Quincy, an amount
exceeding the interest Oh the purchase money.
The Evening Post says: In Hannibal d ST.
Joe stocks common sold at II. There were 10
recent sales of it, but large blocks of it were
hypothecated with money lenders at z0Gl e.
which are given as the prices at which 10000
shares owned by John r. Duff were sold This
last transaction, which was consulnInated Satur-
day, may be said to be the sequel to the corner
on this stock last year, when the price was run
above 200. 1t adds more to the list of il
Illustrations which prove that corners, in the ma
jority OF cases, prove to be most disastrous to
their projectors. Hannibal & st. Joe preferred
stock to-day sold at $685..
The transactions aggregated 10000 shares:
Central Pacific 1000; Delaware. Iackawanna &
Western 1900: Denver d RIO Grande 10000:
Erie $500; Hannibal u St. Joe 5, 000 Missouri,
Kansas & Texas q 900; Lake Shore 10000: Louis
vile & Nashville 1000; Missouri Pacific 5000;
New Jersey Central 1000: New York Central
1900; Northern Pacific 1900; Philadelphia &
Reading 10000; Chicago, Milwaukee 4 St Paul
5000; st. Paul & Omaha 1000; Texas Pacific
5000; Union Pacific 5000; Wabash, St. Louis
G Pacific II ,0G0; Western Union Telegraph 1000:
Oregon & Transcontinental II 900; Rochester &
Pittsburgh $4,000; Sutro Tunnel 1000; New
York, Chicago & st. Louis 1000.