Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-16
NENINo REPORT,

M q =. lst pf0.. 10 DO preferr6Q.. ooN
do I'd pget'd... 81 Allegheny Cent. 15A
B.: G. B. IN. 50
Money 396 per cent, closed; offered at 8 per
cent. Prime mercantile paper 6@7H per cent.
Sterling exchange, bankers bills steady at
s4.80M; do. e1. demand, S4.S411.
Governments strong and generally x@H per
cent. higher.
Bonds-Rail1oad bonds irregular and generally
lower.
State Securities-Without feature except for
Tennessee mixed, which advanced ! per cent. to
IS. c
Stocks-The stock market was weak until
about 2:15 when it became steady and prices re-
covered H@11s per cent, the latter for North
western to 1891 in the last fifteen minutes, that
was a break in Denver to 1873 from 1929, ard
the remainder of the list declined a fraction, the
market closing weak. Taking the day as a
whole prices have been decidedly il favor of the
bears who made good use Of the cutting of rates
by roads west of Chicago and of threats OF a Sc
rious railroad war there. Capitalists ard specu-
lators who yesterday turned the market toward
higher prices, apparently stood off and did moth
ing, which gives color to the talk that at higher
prices yesterday they secretly sold more stocks
than openly bought.
The Evening Post says: The working of the
market to-day was such as to discourage out
siders from making more than limited purchases,
and these of selected stocks of roads whose earn
ings are unquestionably good. Leading stocks
ranged as follows to-day: Canada Southern 72@
69I, Michigan Central 10215@1O0, Lake Shore
115N01141, New York Central 1313S@1S0L,
Delaware, Lackawanna & Western 1S21s@l3l,
New Jersey Central 71H970, Reading 574@56,
Denver 5lH@48as. Western Union 8308l%.
Union Pacific l0611@105M, Omaha 47&@461155,
preferred lc514@105H, Northwestern 14i@
1885, preferred l6OM@l571s, Milwaukee 6 st.
sTexas Pacific 41Z@40, Missouri Pacific 1864
104as, Northern Pacific preferred 92H@9lM,
Wabash 33%W32X, preferred 59M@5S}s.
The following is the text OF a circular which
the stockholders of record OF the Canada South
ern Railroad company are receiving: st. Thomas,
Ont, Nov. 11-Sir: A special general meeting of
shareholders of the Canada Southern Railway
company will be held at the offices of the COM
pany in st. Thomas, on Thursday, the 30th day
of November, 1852, at the hour of two O'Clock
in the afternoon, to consent to the agreement
with the Michigan Central Railroad company
under the provisions of section sixty OF the rail-
way act OF 1879, and for other business conse-
quent thereon. IL you cannot personally attend
you will oblige by excluding the enclosed proxy
and sending the same to c. f. Cox, assistant sec
rotary, Grand Central depot, New York.
ISinged] Yours faithfully, Nicol Kingsmill, Sec
rotary c. z. Il.
The provisions of section sixty Of the railway
act of 1879 of the Dominion of Canada referred
to authorize the lease OF the Canada Southern
railway for twenty-One years, the lease to be re-
newabI at the end of that time. Our informa-
ton is that the controlling owners of the Michi-
gan Central, as well as of the Canada Southern,
estimate that the proposed lease to the Michigan
Central will be worth about ) per cent. per an
mum to the Canada Southern shareholders, al
though no fixed rate will be agreed upon.
MINING STOCKS.
Mining stocks dull: Robinson Consolidated
declined from SO to 40, Little Pittsburg to 66, and
Horn Silver to 675, Navago advanced to 625,
Green Mountain to 81, Independence to 70 and
Belle Isle from 80 to So. Decatur duh at SIC.
Total sales for the day 1855 shares.
The transactions aggregated 1885, 600 shares
$4,000 Canada Southern; 5000 Central Pacific;
$4,000 Delaware, Lackawanna Il Western; 1000
Denver & Rio Grande; 1000 Erie; HOO
Kansas & Texas; II, 600 Lake Shore; Is, 600 Louis
vile Il Nashville; 1000 Michigan Central; 5000
Missouri Pacific; 1900 Northwestern: 1000
New Jersey Central; 5000 New York Central:
1900 Northern Pacific; %, 600 Chicago, Mil
waukee & st. Paul; $4,000 Chicago, St. Paul,
Minneapolis & Omaha; 10000 Texas Pacific; i6,.
00o Union Pacific; II, 1000 Wabash, st. Louis 4
Pacific; &c, 900 Western Union Telegraph; 5000
Rochester & Pittsburgh 2.400 Illinois Central.