Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-10
EVENING REPORT.

EVENING REPORT.
Money market easy at 292H per cent,
closing offered per cent. Prime mer-
camille paper 5H@6H per cent. Sterling
exchange, bankers bills quiet at S4.Sl%;
do. ex. demand, S4.S54.
Governments-Steady.
State Securities-Dull.
Bonds-Railroad bonds steady.
Stocks-Speculation in the Stock Exchange
presented a marked change as compared with
previous days of the week in sales and the market
dropped 14@2H per cent, Louisville & Nash
vile, Michigan Central, Northern Pacific, Ore
gon Transcontinental and Philadelphia & Read
ing suffering most. In the first hour, however,
there was a recovery of Ag14 per cent, Chi
cago & Northwestern leading. This was again
followed by pressure to sell and still lower
prices prevailed for many shares. The decline
from last nights closing ranged from 1884
per cent, Vanderbilts, the Changers, Denver i
Rio Graude, Louisville & Nashville, Northern
Pacific, Oregon Transcontinental and Wabash,
st. Louis & Pacific being particularly weak.
Michigan Central sold down to 82%, Canada
Southern to $50, Lake Shore to 1917, New
York Central to 116, Chicago & Northwestern to
1851, Chicago, Milwaukee & st. Paul to 10412,
Chicago, Burlington & Quincy to l24119, Chicago,
st. Paul, Minneapolis & Omaha to Az and pre-
ferred to 1929, Northern Pacific to 40, pre-
ferred to "a, and Wabash, st. Louis & Pacific
preferred to 33H. At the close the same shares
rallied 1591 per cent, while others sold at the
lowest of the day. Union Pacific and Chicago
L Northwestern preferred were quoted ex. dIvi-
dend of 1%92 per cent. respectively. The de-
preston was due to reports that the Gould party
would not enter the Louisville & Nashville d.
rectory, that President Rutter, of the New York
Central, had ordered rates reduced to whatever
figure necessary to obtain business, and that the
corn had been seriously damaged by frost. The
two first mentioned reports are emphatically de-
MED. In regard to the alleged damage to the
corn crop opinions differ widely, some houses
having private wires being in receipt of tele-
grams predicting the largest crop ever had,
while others received word that the crop had
been seriously harmed. 1t was said the reaction
was partly due to yesterdays heavy reaizations
and the fact that the bull leaders themselves
encouraged sales in order to force out small
holders; at least the brokers identified with
those who recently were on the bull side were
active, first in depressing prices and were equal
" prominent among the buyers during the
afternoon. In specialties American Cable de-
clined l per cent, Chicago, st. Louis & Pitts
burg preferred 1 per cent, Indiana, Blooming
ton & Western l y per cent, Memphis L Charles
ton d per cent, Minneapolis 4 St. Louis pre-
ferred ~ per cent, Norfolk & Western 8 per
cent, Peoria, Decatur & Evansville per cent,
Pullman Palace Car IL per cent, st. Paul, Min
neepols & Manitoba ~ per cent. and Colorado
Central II per cent. Bankers & Merchants'
Telegraph rose u per cent and Ohio Central a
per cent. The sales of stock for the week ag-
gregated 1854, 776 shares, increase of %, 428.
Exports from New York for the week ending,
$3.50, $780, total since Jan. SIC, $50 465 against
S42, $50, 038 for the same period in 1882. The
imports of specie for the week were 1926, $50;
the total since Jan. was Sl0,670, 1893 against
50, 4S0, al for the same period last year. The
weekly exhibit of the New York associated
banks is unfsvoreble, showing loss of surplus
reserve of 81, 7S6, $685. expansion in loans 81 709,
700 and loss in cash S1,947, 400; liabilities re-
duced $847, 800. The banks now hold 4,487,-
500 above legal requirements against deficiency
of 81 ,SS2,275 the same week last year. 1t is
stated there is movement of currency west
and south to assist the movement of crops.
The transactions aggregated AZ, 900 shares:
Canada Southern 5000; Central Pacific 1000;
Delaware, Lackawanna Western $1,000;
Denver Rio Grande $4,000; Erie 1900;
Missouri, Kansas & Texas 5000; Lake Shore
$4,000; Louisville & Nashville 40, 900; Michigan
Central $1,000; Missouri Pacific 1910; Chicago
& Northwestern $1,000; New York Central
Is, 600; Northern Pacific 1900; do. preferred
$4,000; Ontario & Western 5000; Philadelphia
& Reading 10000; Chicago, Milwaukee & st.
Paul Il 900; Texas Pacific 1000; Union Pacific
$4,000; Wabash, st. Louis & Pacific 1000;
do. preferred 5000; Western Union Telegraph
Il, 600; Oregon Transcontinental 10000.