Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-29
EVENING sEpoRa .

EVENING aEPORn.
Governments 4 per cent. higher
BOlds-i.aiirnsi nonis strong; Erie seco q
cOnsOls advanced to 100, Missouri, Kansas q
Texas general mortgage SKIES to So, New Or
leans Pacific frsts to 81, Texas Pacific land
grant incomes to ssh, do. Rio Grande division
frsts to 90; Ohio Central incomes to S315, do.
irsts to So; Central Pacific gold bonds to lis,
Louisville Nashville general mortgage SKIES to
9OH, Northern Pacific firsts to 104, and Peoria,
Decatur & Evansville frsts to 1O416.
StOcks-The Stock Exchange markets were
depressed at the opening by an announcement
that Porter, president of the Chicago, ST. Paul,
Minneapolis & Omaha road, had suddenly termi-
mated the negotiations for the settlement of the
railroad war by refusing to join in the confer
ence, on the ground that the. Chicago. Milwaukee
d st. Paul company, through the purchase of the
Chippewa Valley & Superior railway, about
seventy five miles long and extending from Wa
bashaw, Mimi, to the lumber camps in Eau
Claire county, had encroached upon the terri
torial rights of the Chicago, St. Paul, Mime
apOlis Omaha road. Although this sudden
change in the aspect of affairs made it appear
that the war was as far from settlement as ever,
the railway officials had not abandoned hope, and
this feeling spread among operators as the morn.
ing advanced; hence the marked change in the
temper of speculation which occurred shortly
before the first call and which has continued to
make progress up to l o'clock. The market was
less active after o'clock, but soon after be-
came buoyant and so continued to the close of
business. The advance from the lowest prices
of the morning ranged from 15@6 per cent,
Denver Rio Grande, Chicago, Milwaukee St.
Paul, Chicago & Northwestern, New Jersey Cen
trail, Philadelphia & Reading, Union Pacific,
Canada Southern and Delaware, Lackawanna l.
Western leading. Erie advanced on an announce
ment that the directors had declared dividend
of 6 per cent. on preferred stock for the year.
In the final sales there was reaction of L@1%
per cent. from the highest point, but the under
tone eff the market was stronger on reports cur
rent that Porter, president of the Chicago, st.
Paul, Minneapolis & Omaha road, had signifed a
willingness to join in the conference, provided
the question of territorial rights be considered
basis existing before the Chicago, Mlwau-
kee 4 st. Paul company acquired the Chippewa
Valley & Superior road, and that Porter's propo-
sition had been agreed to by Mitchell, of the
Chicago, Milwaukee & st. Paul, had a marked
effect on speculation, although the reports could
not be authenticated. The Evening Post an
nounces that its money column, heretofore edit
ed by E. N. Whiting, who has died, will be
placed under the charge of Mr.. w. L. Fawcett,
gentleman Of large experience as writer on
financial and business topics and author of the
well known American Hand Book of Finances,
published by s. C. Griggs Il Co., Chicago. He
has been in charge of the commercial depart
ment of the Evening Post for some time past
and has been frequent contributor to its edito-
rial columns.
MINING STOCKS.
Mining stocks fairly active; ChrysOlite de-
clined to So but closed firm at 105; Horn Silver
declined from 4s5@470, and Robinson from 100
@125. Leadville advanced from 64@73, closing
~, and Standard sold at $50. Sales for the day,
81 $50 shares.
Tho transactions aggregated 100000 shares;
1000 Canada Southern; 1000 Central Pacific;
$4,000 Delaware, Lackawanna & Western;
Kansas Texas; 10000 Lake Shore; 1900
81, 600 Missouri Pacific; $4,000 Chicago & North
York Central; $4,000 Northern Pacific; 21,0OO
st. Paul; $4,000 Chicago, st. Paul, Min
Union Pacific; $4,000 Wabash, st. Louis q Pa
Minneapolis & St. Louis; 5000 Chicago, Rock
Island l. Pacific; 5000 Rochester & Pittsburgh;
1900 Chicago, Burlington & Quincy; 1000 East
Tennessee, Virginia & Georgia; 1000 Oregon
Transcontinental; 2,100 Colorado Coal.