Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-08-02
Financial ana stock Markets.
MORNING REPORT

MORNING REPORT.
NEW YORK, aug. Ill a. m.-The stock
market opened weak and 7s@14 per cent.
lower, the latter for Richmond & Danville.
In the early trade the general list declined Is
OK per cent. The probable course of West
ern Union Telegraph is uncertain. AS to the
quantity in the stock market, operators who
have been posted on previous advances say in
siders have sold heavily and advise short sales.
Others say that the Gould interest is said to be
prepared to buy heavily and put stock to par
this month. Earnings of Chesapeake & Ohio
the third week in July, $73,75l; increase,
$22,0s0, or As per cent; for three weeks in
July the earnings increased S6S ,574. Insiders
say the increase in earnings has only begun
and for the rest Of the year business will be
very heavy from the Northwest. The efforts
to buy Chicago & Northwestern yesterday
found very little stock for sale below 1873, al
though there was considerable at that figure.
The people who realized some days ago are
buying.
AFTERNOON REPORT.
Money 4 per cent. Prime mercantile
paper soc per cent. Bar silver, $1.14
Sterling exchange steady; $4.S5@4.s5H long,
SASSY sight.
ACKNOWLEDGEMENTS
State Securities-Inactive.
Bonds-Railroad bonds dull and irregular.
Stocks-During the last hour stocks have
been strong and active and prices at noon
showed an advance OF 1l@1% per cent, Lake
Erie q Western, Oregon Navigation, Mlchi-
gan Central, Denver & Rio Grande and Lake
Shore being most conspicuous.
EVENING REPORT.
Money 215@3 per cent, closing at 21S per
cent. Prime mercantile paper 596 per cent.
Sterling exchange, bankers bills steady at
$4.S514; do. ex. demand, $4.SS1s.
Governments d per cent. higher for ex-
tended fves, e per cent. higher for fours
coupons, and unchanged for extended skies,
four and q halls and fours registered. There
were to-day some transactions in new 8 per
cents and sales reported as high as 1925 and as
low as 101x, sellers making the delivery of
the new bonds dependent on their receipt
from Washington.
Bonds-Railroad bonds irregular.
State Securities-Dull and without feature
except for Tennessee mixed, which are pc,
cent. higher.
Stock-The stock market, in the first forty
five minutes, was feverish and weak under q
continuance of the bearish influences which
controlled prices yesterday. The market then
became steady and later strong, and the early
decline was not only regained but prices be.
came Z@1& per cent. higher than at the
close Monday. The stock market continued
steady up to the close. Early in the last houl
there was slight reaction from the early ad
vance, but in the late dealings this was re-
covered as rule and the closing prices wer,
at or near the highest Of the day. Early il
the last hour single transaction of 5,O0l
shares of Oregon Transcontinental was made
at so. The sellers were Decker, Howell
Co. and the buyers Lonsberry & Haggin. Thu
latter firm at the same time took 500 shares
from other sellers. Minneapolis & st. Loui
preferred advanced from 6S19 to 81,
The Erening Post says: ga popularity o
the present market is that it requires grea
effort to depress prices and the moment the
pressure Is withdrawn prices advance quickly
In other words, 1t is necessary to sell about
twice as much stock to get prices down
point, as it would be necessary to buy TO ad
vance tnem point, ana tnl5 Is not Decaus'
Wall street, as rule, would not like to SEE
downward reaction, but because the outsid
public continue their purchases, particular,
| on small reactions" 1t is reported that
gold shipment ranging from s750,000 t.
| 81 800 900, will be made tomorrow. Upol
| this report the Post says: "If such shipment
is made it will be an arbitrary transaction no
warranted by the current rates of foreign
exchange, there being many remttances cheap
| er than sending gold. 1t is to be said the usua
offerings OF exchange against such shipmen
as is reported, have not appeared on tn,
| market"
The transactions aggregated 425,0O0 shares
| Ia, 600 Delaware, Lackawanna 81 Western
$4,000 Denver & Rio Grande; IL 900 Erie
"a, 900 Missouri, Kansas & Texas 10000 LAX,
Shore; 10000 Louisville & Nashville; 7O(
Michigan Central; 5000 New Jersey Central
A, 900 Northern Pacific; 5000 Ontario 6
Western; 10000 Chicago, Milwaukee,
& st. Paul; $4,000 st. Paul & Omaha; ,00(
Texas Pacific; 362, 300 Wabash, st. Louis &
Pacific; $4,000 Western Union Telegraph
| 1900 Oregon & Transcontinental; 1900,
Rochester & Pittsburgh; 5000 New York
Chicago & st. Louis; 1000 Indiana, Blooming
ton & Western.