Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-26

Lake Erie & W.. IS United States. IS
Peoria, D. sc. 324 Quicksilver. !. 1la
Ontario s. West. 81 dc, preferred. 55sz
Ind, B. & West. Az Mo PaciHc...... 991s
N. d q. LIST pfd.. 1879
mo sales. tOfered. ibid. *Ex div.
EVENING REPORT
Money 5@6 per cent, closing offered at
per cent. Prime mercantile paper 596 per
cent. Sterling exchange, blnkers' bills steady
at "a. S61S; do. tx. demand, S4.89A.
Goyernments-stronga and higher.
Bonds-Ra'lread bonds dull but higher.
State Securities-Iuactive except Virginia.
StOcks-The stock market was strong and
1s@1A per cent. higher, Manhattan Elevated
and Illinois Central leading in the advance.
The general list, in the earlv trade, fell of 1s9
% per cent, after which the market became
strong and sold up 1@2s4 per cent, East Ten
nessee, Virginia & Georgia preferred, Della
ware, Lackawanna s. Western, Western Union
Telegraph, New Jersey Central, Denver s. Rio
Grande and Texas Pacific being most con-
spicuous in the upward movement. In the
early part of the afternoon reaction OF sol
per cent. took place. the latter for New Jersey
Central. while Ontario & Western sold up 13s
@l15 per cent. and Colorado Coal 3to So per
cent. In the late trade the re was an advance
of 15@1L per cent, IN which Indiana, Bloom
ington & Western, Delaware, Lackawanna &
Western, Denver s; Rio Grande, Missouri,
Kansas Il Texas and East Tennessee, Virginia
& Georgia preferred were prominent, but in
the final dealings Colorado Coal reacted rs
per cent. while Houston & Texas Central
closed at an advance OF 215 ger cent. The
general market closed in the main fraction
lower, although prices were e to3% per cent.
good foreign demand for Ontario & Western
and a strong party behind it here. There is a
rumor on the street that Frank Work and
Others have taken an interest in Hannibal &
ST. Joe. 1t is evident there is some important
move in progress and negotiations of some
kind going on. All parties are reticent, how
ever. Vice President Duff was interviewed to-
day, but refused to say anything except that
Mr.. Work had entire charge of the matter.
| The Evening Post says: The week closed
! on Wall street on an extremely easy money
market, with money offered for thirty days at
4 per cent. and for six months at per cent.
With foreign exchange dull and with the ques
| ton of gold exports next week dependent on
more securities between here and the foreign
markets, with United States bonds at the
| highest prices yet made, at least for fours, and
with the stock market strong both as to
prices and tone, the large speculative capital.
lists who two weeks ago rescued 1t from utter
generalization have since been large buyers of
stocks and continue to buy as if the sole thing
contemplated was restoration of steadiness
| to the general market. In the aggregate q
| large amount of the better class of stocks has
been taken during the week by domestic in
vestors. Spectators who believe the recent
depression was carried to an extreme have also
been buyers and the foreign markets continue
to take our stocks The upward course OF
exceeded the supply for sale. The selling
which has taken place has been, first, by trad
| ers to realize profits; second, by outsiders who
bought stock during the great depression and
get out as prices rise, bur generally to buy
back at higher prices, and third, by profess
sional spectators who are "bearish" in their
feeling. This latter class has probably sold
more than one-half of all The stock sold, al
though from time to time buying back when
the market looks strongest.
The transactions aggregated 100000 shares:
Central Pacific $500; Chicago, Columbus &
Indiana Central 1900; Delaware, Lackawanna
q Western 33 600; Denver & Rio Grande 81,
! coo; Erie 1900; Houston & Texas Central
2,000;' Lake Shore $4,000; Louisville & Nash
vile 1900; Lake Erie 81 Western 900;
Michigan Central $500; Memphis & Charles
ton 1900; Missouri Pacific 10000; Chicago
s. Northwestern 5000; New Jersey Central
| is, 0O0 New York Central 1900; Northern
Pacific 10 900; Ontario s. Western 1000; Ohio
Central 1890; Pacific Mail 1850; Chi
cago, Milwaukee & st. Paul rs, 700; st. Paul
q Omaha II GOO; Texas Pacific $4,000; Union
Pacific 5000; Wabash, st. Louis s. Pacific
Il, 900; Western Union Telegraph A., 600; Roch-
ester & Pittsburgh 2,10); East Tennessee,
Virginia Sc Georgia $1,000; Indiana, Bloom
ington & Western $780,