Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-01-22
BANK STATEMENT.


The banks now hold SOCIALISTS more than
legal requirements.
Governments Steady.
Bonds-Rallroad bonds irregular but in the
main lower; Chicago s. Northwestern consols
were TX and Chicago, Rock Island & Pacific
coupons per cent. higher.
State Securities active.
Stocks-Share speculation opened firm and
%@1x per cent. higher than yesterdays clos
ing prices, the latter for Manhattan Elevated.
In the early dealings the market became heavy
and declined X@l1s per cent, Denver q Rio
Grande, Michigan Central and Wabash, St.
Louis & Pacific preferred being most conspicu-
GUS in the fall. Philadelphia & Reading,
however, sold up 1 \ per cent, but immediate
ly reacted to 65H. Subsequently the market
became firm and advanced X@l11 per cent,
the latter for Philadelphia & Reading. Be-
tween boards a decline of %@1S per cent. was
recorded, Texas Pacific leading, after which
the general list sold up A@1A per cent,
Philadelphia s. Reading and Texas Pacific be-
ing most prominent in the advance. In the
late dealings the market fell off X@l% per
cent, Philadelphia s. Reading, New York Cen
trail and Cleveland, Columbus, Cincinnati &
Indianapolis suffering the greatest decline.
The market closed generally weak.
The Express says: Strange to say, Wall
street bankers and brokers attach very little
importance to the Paris crisis. They all adj
NIT that trouble can have no bad effect upon
the American stock market. On the contrary,
they are of the opinion that by the wedding
IN ,ro, al WI
seek its regular channels in England and
America. A prominent French banker, in
conversation concerning the Union Generate,
said: "The sooner such Institutions are wiped
out the better. I am only sorry that my
country is rushing into such schemes, some
of which are absolutely without foundation.
1t was a mistake, however, for the papers to
state that the Union Generate was endorsed by
papal authority. The only connection it has
with religious matters lies in the fact that
large portion of the money in it was the rev.
enue received from the sale of those Catholic
institutions which were closed by order of the
government. The religious connections OF
the institution of course had some effect IN
inducing people to invest, but it is mistake
to suppose the pope even endorsed it. Let me
tell you, first, it will do American securities
much good and for this reason: the exposure
of these tricks of money making schemes will
ing investment. The trouble with Generate
will be death blow to wildcat schemes. In
word, the money will go to English, and
largely to American securities"
The transactions aggregated S25 1000 shares:
Canals Southern 1,7OO; Central Pacific 4,lOO;
Chicago, Columbus & Indiana Central $4,000;
Delaware, Lackawanna & Western II 900;
Denver & Rio Grande $4,000; Erie $4,000;
Hannibal & st. Joe 1880; Missouri, Kansas
& Texas 2,7OO; Lake Shore 5000; Louisville
& Nashville 2,4OO; Michigan Central 1900;
Memphis & Charleston 2, 100; Missouri Pacific
2,7OO; Chicago & Northwestern $500; New
Jersey Central 1000; New York Central q, 900;
Northern Pacific 1890; Ontario g. Western
1000: Ohio Central 1 100; Pacific Mail 500;
Philadelphia & Reading $4,000; Chicago Mil
waukee & st. Paul 7,7O0; St, Paul & Omaha
2,7O0; Texas Pacific 1880; Union Pacific
5000; Wabash, st. Louis q Pacific $500;
Western Union Telegraph 1900; East Ten
nessee, Virginia & Georgia 2,700.