Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-08-16
EVENING REPORT.

EVENING REPORT.
Money 4@S per cent, closed per cent.
Prime mercantile paper 51S@6H per cent.
Sterling exchange, bankers bills steady at
$4.S511S; do. ex.s demand, $4.S9 The pro.
duce exports for the week, $7,7SO,0O0.
Governments-Firma and Is per cent higher
for As, and unchanged tor AIS extended Is
and IS.
Bonds-Railroad bonds dull.
State securities-Dull and higher for Ten
nessee old.
Stocks-Speculation was active and strong
on the stock exchange again this morning,
but the greatest advance and activity as on
yesterday were in some of the granger and
coal shares. The revival OF talk about scrip
dividends and leases among the
grangers and of twisting shorts in
coal roads formed the chief cause
for further rise in these stocks, to which the
remainder Of the active list slightly responded
in the opening business. st. Paul & Omaha
was the feature and started the ball, COM
mon advancing to S. per cent. and preferred TO
1922 per cent. Transactions on the way up
were unusually large and attended with much
excitement. Northwestern shares rose to $50
per cent. for common and to 173% per cent
for preferred. st. Paul, Minneapolis & Mani
toba fell into line and rose to 1491S per cent
The quotations for all these stocks with sin
gle exception, Northwestern common, which
sold at $50 per cent. in a great corner some
years ago, are the highest ever made. St..
Paul shares sympathized to a moderate ex-
tent, common selling at 12455s per cent. and
preferred to 1891 per cent. About Ills the
market halted, and under sales to realize pro.
fits there was general reaction from the best
quotations. st. Paul, Minneapolis & Mani
toba dropped ~, Northwestern preferred ~,
Delaware, I.sckawanna d Western and st.
Paul & Omaha per cent each, and the bal
ance of the list 1s@X per cent This weakness
was not of long duration as 1t seemed to in
vite fresh buying and before noon the market
was active and on an advance once more. The
market between 1 and 1:S0 p. m. was strong
and buoyant. The special features were
Northern Pacific which advanced to 5295 per
cent. for common and 81 per cent. for prefer
red, Delaware, Lackawanna & Western which
sold up to $50 per cent. The remainder of
the list advanced 1s@1 per cent, the latter for
Transcontinental At this point the rate for
call loans was bid up tot per cent, and stocks
were sold simultaneously, and the general
list declined. 1t was the broker of large
Speculation in stocks who appeared and on
$4,000 lots bid the rate up to Z Per cent. The
rate for money having fallen, the market
again became firm, and there was a recovery
in prices of from H9M per cent. Stocks
were weak in the last half hour OF business,
and prices declined 8 per cent. for Northwest
ern preferred, and 14@1 per cent. for the gen.
eral list. The advance in money for the main
reason was assigned to the late fallen prices.
The market closed generally steady. Among
the specialties was Pullman Palace Car which
rose to $50 per cent. The rise in Northern
Pacific preferred was due to the
announcement that commissioners had
been appointed to inspect the
newly built parts of the road preparatory to
the issue OF grants for land along the route
whea accepted. A meeting of the Chicago &
Northwestern directors at Saratoga this week
is looked forward to with much interest by
spectators, as it is expected definite action
will be taken on some questions now agitating
the street.
The Post says: Undoubtedly the tendency
ofrates for money is to be at higher figures,
but the advance this afternoon was clearly
forced by spectators.
The transactions aggregated 3S7, 900 shares:
81 600 Delaware, Lackawanna s. Western;
500 Delaware 81 Hudson; Is, 600 Denver q
Rio Grande; 5000 Missouri, Kansas & Texas
1000 Lake Shore; 1900 Louisville & Nash
vile; Ii Coz Chicago & Northwestern; IL 600
n. n -.<n
Is 900 Reading; $4,000 Chicago, Milwaukee &
ST.. Paul: $1,000 ST. Paul q Omaha: 12.Ol0