Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-08-01
EVENING REPORT.

No lOu6TeO. IDiUs ELK UlVs
EVENING REPORT.
Money active and loaned up from 311s to
per cent. per annum and down to per cent,
closing at 5@6 per cent. Prime mercantile
paper SOC per cent. Sterling exchange,
bankers bills steady at $4.S511; do. ex. de-
mand. SASSY.
ACKNOWLEDGEMENTS and in the main &
ca per cent. lower.
Bonds-The largest transactions in railroa
bonds were in Texas & Pacific firsts, Rio
Grande division, at 91@9l1S; next in order
Erie second consols at 9SQ9S1l, and next in
Chicago, Milwaukee & st. Paul firsts, South.
ern Minnesota division, at 10s@1OSX. Sales
OF other issues were small and it continued to
be difficult to fill round order for any of the
choice issues of the old roads at anything like
current quotations. Tomorrow is the last
day when Boston, Hartford & Erie bonds can
be lodged with the treasurer of the New York
& New England Rsilroad company, at Boston,
for conversion into stock of the New York &
New England, which will have the privilege
Of subscribing at so per cent to the 81 zoo
| shares of the company's stock recently bought
| from the state of Massachusetts,. Stockholders
on record August will then have until Au
gust Is in which to decide whether they will
take pro rata interest in state stock, but nc
| others can share in the purchase.
State Securities-Without feature except fol-
| Tennessee mixed, which are Cd per cent. lower
Stocks-The stock market opened rather
| strong, but it soon became apparent tina
| active efforts were being made to bring about
| q downward reaction with the loss OF as little
stock as possible. The result of the fluctua
tions up to about 1 O'Clock was fractional
decline in active stocks ard larger one il
| some of the specialties. The determination
of some leading spectators to force down
ward reaction in the stock market was fully
| developed in the last hour, when, as raid tc
| the movement, rates for call loans on stock
were bid up from 8 to So to per cent, thil
| Notwithstanding that tomorrow the treasur,
begins payment of $ls5, 100000 cash. Th
stock market, in the last hour, was freel,
| sold down, chiefly on short sales, and it wal
given out that the market was to be kept veal
| and unsettled for a day or two more. In tn
main it is to continue a bull market; thel
such a reaction as is promised will, in the lonf
run, work in favor of high prices. Among
those anxious for reaction and working TO
| it, are the believers in higher prices early il
August. The lowest prices of the day wer
! made about $40 o'clock, from which tim
until the close there was fractional recovery
| The market closed strong.
The EUenimg Post says: "The public con.
| tiuue buyers of stocks and the situation, sc
l for os rolatQs fn etnrkc fqvnra MA fnr fnt
prices as it has yet been."
| The transactions aggregated 100000 shares
1000 Central Pacific; $4,000 Delaware, Lacka
wanna & Western; $4,000 Denver 81 Ri,
Grande; 10000 Erie; $4,000 Missouri, Kansa
& Texas; $4,000 Lake Shore; $4,000 Louisvill
s. Nashville; 5000 New Jersey Central; IA, 90
Northern Pacific; 5000 Chicago, Milwaukee
& st. Paul; $4,000 ST. Paul & Omaha; 1900
Texas Pacific; $4,000 Wabash, st. Louis
Pacific; 10000 Western Union Telegraph
5000 Oregon & Transcontinental; l4,O0
Rochester & Pittsburgh.