Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-11
JOHN w. RUMSEY & CO.,
Commission, Grain and Provisions,
126 Washington ST., Eooms IL and 10,
CHICAGO. ILLS
Financial and Stock Markets.
MORNING REPORT.

New YORK, Nov. 10, IL a. m.-The stock market
opened strong at an advance of 1s@11s per cent,
the latter for Chicago, Milwaukee & st. Paul
preferred. IL the early dealings speculation
was active ard prices further sold up B@1B
per cent, the latter for Lake Shore. There was
then d fractional reaction, after which the mar
ket again became strong and by IL O'Clock re-
corded an advance of A@1 per cent, in which
Canada Southern. Missouri Pacific, Western In
ion Telegraph and Lake Shore were most con-
spicuous. The business failures reported to r.
G.. Dun & Co. the last seven days number al,
of which 1872 occurred in the country and nine
in New York city. This is considerable in
crease on the previous weeks failures and
individually OF more consequence than usual.
In the country the principal stoppages have been
those of Hall & Co., commission, Boston, liabil-
tiles -, 900. Lewis Coleman, of Coleman & Co.,
Boston, is Individually suspended. The failures
arose out of complications connected with the
Pacific bank. Lee, Bloom Il CO., Louisville,
assigned, with liabilities $4,000. and the Globe
Rubber Co., OF Trenton, suspended, with habll-
tiles $4,000 and assets S120,O0O. In the city
Arguimba, Wales g. Co. failed, liabilities about
100000, and Barnett, Bach Hart, dry goods,
owing 100000. The extension table warehouse
of Henry Feldenor was damaged by fire So 5000
AFTERNOON REPORT.
Money per cent. Prime mercantile
paper 69S per cent. Bar silver, S1.11%.
Sterling exchange steady; $4.80I long, $4.S5
sight.
Governments-Firn.
State Securities-Dull.
Bonds-Railroad bonds moderately active and
generally a fraction higher.
Stocks-After IL o'clock speculation con-
tiuued active and further fractional advance
took place. after which the market became heavy
and fell off 5491H per cent, Denver & Rio
tiraude. Louisville & Nashville, Chicago, St.
Paul. Minneapolis & Omaha preferred, East Ten
nessee. Virginia & Georgia, Western Union Tele-
graph and Lake Shore being conspicuous in the
decline.
The Evening Post says: We can find no au-
thoritv for the report current yesterday that
Vanderbilt had sold S10.O00,0g0 of his per
cent bonds but do hear from various quarters
in the loan market of money borrowed on these
bonds. This money may be either used In con-
nection with the recent purchase OF the Nlckel
Plate, which company, it will be observed, IS to
use Lake Shore terminal facilities at Buffalo, OF
In connection with purchases OF Lake Shore,
Michigan Central and Canada Southern stocks,
or for both purposes However this may be,
when capitalist of Vanderbilt's magnitude Is a
borrower of money, it indicates he has conf
dence in the situation, far as it relates to
railroad property, for the next six months.
Post, third edition: Since writing earlier In
the day. information of a character not to be
questioned comes 10 US, to the effect that Van
derbilt has privately sold S10,000,000 of his
DER cent. bonds. and at price about per cent
below that current in the market, and thai