Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-25
JOHN W. RUMSEY & CO..
Commission, Grain and Provisions,
1875 Washington ST., Rooms Is and 10,
CHICAGO, ILLS


MORNING REPORT.
NEW YORK, Nov. "a, IL a. m.-The stock
market opened weak ard %@1% per cent.
low tha1 vest erdays close, the latter Missouri
| Pacific. The market continued weak end in the
early trades a full 1ter decline OF 1k@2% per
cent. was recorded, in which Rock Island, Canada
Southern, Relding, New Jersey Central ard DEN
yer were most prominent. There was then a
rally OF 1s@1 ,r cent, follow / by another dc
cline of 15@M per cent, led by st. Paul and
Missouri Pacific, but at IL O'Clock TIE general
list recovered a fraction.
AFTERNOON REPORT.
Money Is per cent. Prime mercantile paper
6@3 per cent. Bar silver, Sl.114@1.11&.
Sterling exchange steady; S4.79sz long, $4.s3M
sight.
Governments weak.
State Securities-Dull.
Bonds-Railroad bonds steady.
Stocks-After II o'clock the market was
feverish and irregular, but without Ia,ticular
feature till neon, when the general list receded
| A@14 per cent, ST. Paul, Minneapolis & Mani
toba, Northwestern, Central Pacific ard Omaha
leading.
The Post says: s'Call loans thus far
to-day have been 2O@25 per cent. on
stocks and borrowers experienced great
difficulty in obtaining accommodations. There
IS much shifting of loans and collateIals are scru-
| tinized closely. owing to the depression in the
stock market. Currency continues to flow from
this center and treasury disbursements are rum
ming at very light discount. The market is
entirely nominal. The renewed depression in the
market is due to dispatches from the West to the
effect that TIE roads are cutting rates both ways
between Chicago, Minneapolis and st. Paul. The
activity in money is also forcing many weak
holders of stock to sell out.''
Stocks weak end lower, especially for
Changers, on the belief that the rail-
roed war is as far from settlement as ever.
Northwestern common is l, 81. Paul common "A,
Omaha l Il, Denver ~ and Wabash N lower;
Western Union opened at sou and is now 80.
The Herald says: There was considerable in
cliuation to sell New York Central Hudson, not
SO much upon the general state of the market as
the wretched condition of the line itself, the
scrimping of all expenditures wherever a dollar
can be saved thereby end the employment of
| cheap and inefficient servants, gave good reason
to believe that the road, in order to earn It's
per cent dividends, must be being skinned down
to its bottom dollar. The Herald expresses the
opinion that when it becomes absolutely neces-
sary to -eview the equipment of the road it vii,
either be done by reducing dividends or by is
suing obligations Of character not calculated to
enhance the value of stocks. Business failures
for the past seven days reported to R. G. Dom
& Co., New YORK, number 157, of which 143 oc-
CURED in the country and II in New York city.
Though more numerous than usual not so many
heavy failures reported as in some previous
weeks, the trouble being largely confined to the
smaller class of traders in the country. The
prominent New York assignments are those of
Gould Sons, teas; LevyS Blogg, dry goods, and
Baker & Mckinney, military goods. The East
e1n states had Is failures, Western 40, Southern
%, Middle 2, Pacific IL, Canada 16 and New
York city IA.