Daily globe., 1882-08-02
Financial ana stock Markets.
MORNING REPORT,

quantity in the stock market, operators who
have bsen posted on previous advances say in
siders have sold heavily and advise short sales.
Others say that the Gould interest is said to be
prepared to buy heavily and put stock to par
this month. Earnings of Chesapeake & Ohio
the third week in July, S73,75l; increase,
$22,0S0, or As per cent; for three weeks in
July the earnings increased ,574. Insiders
say the increase ia earnings has only begun
and for the rest Of the year business will be
very heavy fsom the Northwest. The efforts
to buy Chicago & Northwestern yesterday
found very little stock for sale below 1873, al
though there was considerable at that figure.
The people who realized some days ago are
buying.
AFTERNOON REPORT.
Money per cent. Prime mercantile
paper SOS per cent. Bar silver, s1.14
Sterling exchange steady; $4.S5@4.s5H long,
$4.SS1< sight.
ACKNOWLEDGEMENTS
State Securities-Inactive.
Bonds-Railroad bonds dull and irregular.
Stocks-During the last hour stocks have
been strong and active and prices at noon
showed an advance of H91Z per cent, Lake
Erie & Western, Oregon Navigation, Michi-
gan Central, Denver & Rio Grande and Lake
Shore being most conspicuous.
IvnNINe REPORT.
Money 21s@S per cent, closing at 21S per
cent. rrime mercantile paper 500 per cent.
Sterling exchange, bankers bills steady at
t4.s514; do. OK. demand, t4.Ss11.
Governments n per cent. higher for ex-
tended fves, H per cent. higher for fours
coupons, and unchanged for extended skies,
four and halls and fours registered. There
we're to-day some transactions in new per
cents and sales reported as high as 1O21S and as
low as 101]x, sellers making the delivery of
the new bonds dependent on their receipt
from Washington.
Bonds-Railroad bonds irregular.
State Securities-Dull and without feature
except for Tennessee mixed, which are l per
cent. higher.
Stock-The stock market, In the first forty
five minutes, was feverish and weak under q
continuance of the bearish influences which
controlled prices yesterday. The market then
became steady and later strong, and the early
decline was not only regained but prices be-
came H@1X per cent. higher than at the
close Monday. The stock market continued
steady up to the close. EARLY in the last hour
there was slight reaction from the early ad-
vance, but in the late dealings this was re-
covered as a rule and the closing prices were
at or near the highest Of the day. Early in
the last hour a single transaction of 5000
shares of Oregon Transcontinental was made
at SO. The sellers were Decker, Howell &
Co. and the buyers Lonsberry & Haggn. The
latter firm at the same time took 500 shares
from other sellers. Minneapolis & st. Louis
preferred advanced from 6S15 to 81.
The Evening Post says: "a popularity OF
the present market Is that it requires great
effort to depress prices and the moment the
pressure is withdrawn prices advance quickly.
In other words, 1t is necessary to sell about
twice as much stock to get prices down a
point, as 1t would be necessary to buy 70 ad
vance them point, and this is not because
Wall street, as rule, would not like to see a
downward reaction, but because the outside
public continue their purchases, particularly
on small reactio, s." 1t is reported that a
gold shipment ranging from $3.50, c 90 to
81, 500 900, will r. made TO- morrow. Upon
this report the Post says: "If such shipment
is made it will be an arbitrary transaction not
warranted by the current rates of foreign
exchange, there being many remittsnces cheap
er than sending gold. 1t is to be said the usual
offerings Of exchange against such shipment
as is reported, have not appeared on the
Market
The transactions aggregated 425 900 shares;
1900 Delaware, Lackawanna & Western;
46,0CO Denver & Rio Gra1de; IL 600 Erie;
"a, 900 Missouri, Kansas & Texae; 10000 Lake
Shore; 10000 Louisville s. Nashville; 700
Michigan Central; S,C)0 New Jersey Central;
1900 Northern Pacific; 5000 Ontario &
Western; 10000 Chicago, Milwaukee
& st. Paul; $4,000 st. Paul & Omaha; 26 600
Texas Pacific; 362, 800 Wabash, st. Louis &
Pacific; $4,000 Western Union Telegraph;
Is, 900 Oregon & Transcontinental; 5000
Rochester q Pittsburgh; 5000 New York,
Chicago & st. Louis; 1900 Indiana, Blooming.
ton s. Western.