Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-18


for our securities and with a disposition to
draft bills in advance of the shipment of mer-
chandise exports, which are sure to come a
few weeks hence. 1t is unreasonable calcula-
tion that gold shipments for the year are for
the most part thing of the past.
Governments-Firm.
Bonds-The special features of the railroad
bond market were Texas Pacific firsts, (Rio
Grande division) which advanced to $50 from
81; Boston, Hartford s. Erie frsts, which ad-
,vanced to 81 from AZ, and Erie seconds, which
advanced to $685. from 941S. The other not
able changes were as follows: Wabash, st.
Louis & Pacific general mortgage skies TO
79H from TIL; Chesapeake q Ohio currency
skies to 4S1S from AZ do frsts, series "B," to
4S11S from 1913, and Missouri, Kansas q Texas
seconds to 501a from 5714. Aside from the
investment demand for first class railroad
bonds, which is increased by the expulsion
of money from United States bonds by regular
calls OF the treasury, there is disposition to
buy low priced bonds of railroads whose Sc
curities have been under cloud for the last
few months. This disposition is seen among
spectators and also among the class of in
vestors who, in addition to regular income
from securities, look to a change in the times
from time to time, for the larger part of their
profits.
State Securities-Dull.
Stocks-The stock market, taking the day
as whole, showed extraordinary strength.
Up to O'Clock prices steadily advanced, but
I. I o,a t6ara ar1
reaction, in which small part of the early
advance was lost. In the first half of the
last hour the market gained strength and the
decline was mostly recovered, In the final
dealings, however, there was another down.
ward movement, prices closing A@1H per
cent. below the highest point of the day, but
considerably above yesterdays closing. The
features of the day were Vanderbilt stocks,
and after these coal shares, the Southwesterns,
Northern Pacific and Chicago & Northwestern.
Thus far in the upward movement Vanderbilt
stocks have monopolized the attention OF the
market. The "short interest" has been largely
reduced during the week, but the inherent
strength which the market has lost on this
account appears to have been more than re-
covered by purchases, and for long account
by spectators, investors and foreign markets.
The leading stocks to-day ranged as follows:
Lake Shore 1O9%@1l2H; New York Central
1S11z91s95s ex. div, Michigan Central Oh
@9314, Delaware, Lackawanna & Western
124%ll26. Philadelphia & Reading 59159615I q,
New Jersey Central 731S@751s, Denver g. Rio
Grande 56sz@57s, Texas Pacific 41Sl@429s,
Missouri, Kansas & Texas 3OI@S15s, North
ern Pacific 4111@42A and 7916@SO. Erie se3s
@37ss, Western Union Telegraph s5B@S6,
and Missouri Pacific 941s@96. This stock was
quoted ex. div. after 215 p. m.
The transactions aggregated 403, 900 shares:
5000 Canada Southern; 5000 Central Pacific;
"a, 600 Delaware, I4ackawanna q Western: 49,,
600 Denver g. Rio Grande; $4,000 Erie; 5000
Missouri, Kansas & Texas 10000 Lake Shore;
II 900 Louisville & Nashville; $4,000 Michi-
gan Central; 1900 Missouri Pacific; 10000
Chicago & Northwestern; $1,000 New jersey
Central; $4,000 New York Central; $4,000
Northern Pacific; $4,000 Philadelphia & Read
ing; 1000 Chicago, Milwaukee & st. Paul;
1900 st. Paul s. Omaha; $1,000 Texas Pa
cifc; 5000 Union Pacific; $4,000 Wabash, St.
Louis & Pacific; 10000 Western Union Tele-
graph.