Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-01-07
Financial and Stock Markets.

NEW YORK, Jan. 6.-Money sos per
cent. Prime mercantile paper COZ per
cent. Sterling exchange, bankers bills steady
1T $4.S0X; on demand, $4.S4H.
Dry goods imports for the week, s2,0S9,0 900.
Governments-Quleta and unchanged.
Bonds-Rallroad bonds irregular and I'M
settled on moderate volume of business.
State Securities-Rather dull.
stocks-Share speculation opened weak and
I@1 per cent. lower for the general list than
yesterdays closing quotations, while Erie
preferred was per cent. higher. In the early
dealings an advance of X@l1s per cent. was
recorded, in which Louisville & Nashville,
Wabash, st. Louis & Pacific preferred, Chi
cago, Milwaukee & st. Paul and Delaware,
Lackawanna & Western were most conspicu-
Gus. Towards noon weaker tone prevailed,
the market selling down H@1% per cent,
the latter for Delaware, Lackawanna & West
ern. Erie preferred, Lake Shore, Missouri Pa
cific, Denver & Rio Grande and Louisville &
Nashville were also prominent in the decline.
In the early part of the afternoon an advance
of \ al X per cent. was recorded, Lake Shore,
Denver & Rio Grande, Louisville & Nashville
and Wabash, St. Louis & Pacific preferred be-
ing most prominent therein. Subsequently a
further advance of 1 to 2X per cent. took
place, Memphis & Charleston leading in the
upward movement. Louisville & Nashville,
Delaware, Lackawanna s. Western, Canada
Southern, Wabash, st. Louis & Pacific COM
mon and preferred and Michigan Central were
also prominent in the advance, although
somewhat irregular in the final dealin gs.
The market closed fairly firm. The change in
the tone of the market from yesterday, when
weakness was characteristic and when a con-
siderable "short'' interest was made in the
market, was due to the revival in plausible
shape of the report respecting the early set
Element of the railroad war, which caused a
covering of the short interest made yesterday,
with the result of advancing prices towards
the close of business. Dispatches from Chi
cago were received saying: "All roads have
now reduced their freight to a basis of 10
cents per 100 pounds to New York, s cents to
Philadelphia and cents to Baltimore, open
rates being 12X, 1919 and 9K cents respective
ly. Rates were again cut yesterday on Color.
ado business, some of the roads giving rate
of Scents on freight from Chicago to the
Missouri river" These advices caused a de-
cline in the late dealings.
The transactions aggregated 100000 shares:
Canada Southern 1,20O; Central Pacific $500;
Delaware, Lackawanna & Western $1,000;
Delaware & Hudson 1900; Denver & Rio
Grande 5000; Erie $4,000; Hannibal & st.
Joe 1900; Missouri, Kansas & Texas $500;
Lake Shore 6) 600. LouisvilIe-& Nashville
$4,000; Michigan Central $500; Memphis &
Charleston 5000; Missouri Pacific $500;
Chicago & Northwestern 1920; New Jersey
Central 5000: New York Central $4,000.
Northern Pacific 11,000; Ontario & Western
1900; Pacific Mail $500; Peoria, Decatur &
Evansville 1,100; Philadelphia & Read
ing 1900; Chicago, Milwaukee & st. Paul
$4,000; St. Paul & Omaha $500; Texas Pc
cifc 14,00G; Union Pacific $500; Wabash,
St. Louis & Pacific $1,000; Western Union
Telegraph $4,000; Cleveland, Columbus, Gin
cinnati & Indianapolis 1900.