Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-12
EVENING REPORT.

Money market easy at 2G2T per cent.
closing offered at per cent. Prime mercantile
paper GOT Per cent. Sterling exchange, bank
ers' bills steady at $4.Sl%; Go. ex. demand
s4841E.
Governments at the second call bu
closed strong at the best OF the day; threes sold
at 1O)4.
Bonds-Ia railroad mortgages the trading was
| principally in West Shore Il Buffalo frsts and
! Texas Pacific incomes; the former, after advanc-
| ing TO 70, reacted to az and closed at TX.
Room traders were the chief traders and foreign
| bankers the principal buyers. Transactions in
West Shore q Buffalo frsts, S946,O9O. Texas
Pacific incomes fuctuate! between 493l and
5014 and vera deait-i1 20 the extent of Si0s 000
Stats Securities II state bonds Tennessee
compromise declined TO 391l.
Stooks-Wc@k Throughout the greater part of
the day. At the opening there was a bear dem
Onstration against Southwesterns on account Of
the holders of Texas Pacific incomes having en-
pIoyed counsel to assert their rights under these
bonds. Texas Pacifo vas naturally the greatest
sufferer. After this decline the market con-
tinued weak with uninp0rtant rallies at in
ter7ais until D. m, wher a fair bu5ing move
mont set IN ard hardened Wizards. Union Pa
cifc, Philadelphia & Reading and New Jersey
Central were all IN good demand and an advance
OF A9lIs per cent. took place. Shortly be-
fore the close Denver G Rio Grande, OREGON
Transcontinental, Texas Pacific and II ssouIi,
Kansas Texas were heavy, the FIRST named
selling down to az, tie lowest it has touchsd
Oregon Transcontineatal fell OF to 49,, Mis-
sour, Kansas & Texas to %. The remainder of
the list was firm, closing generally at the best of
the day. The short interest continues large and
deliveries are attended, with difficulty. Many
stocks command premium for Uss aad out-of-
town owners have instructed agents not to lend
shares. Among the reports current was one
which gained credeuce to the effect that large
blocks OF Wabash, st. Lofts & Pacific, Texas
Pacific and Missouri. Kansas i Texas had been
transferred into Goald's name. The changes in
specialties were more important than for a long
time; Long Island dropped 10 637< on offerings
of about 1909 shares, no support being given
the stock, which closed a 65f; the las4 previous
sale bafore to-day was at 70. Louisville, New
Albany & Chicago fell Of I3;% points to BIZ,
Richmond 4 DalTii.a soiC down from IS to 50
regular and 81 seller sixty days, closing at So.
As compared with last nights closing prices are
down 1lg135 per cent. for Soutawesterns and
Denver 4 Rio Grande, Northera Pacific com
mon, Oregon Transconinental aud Chicago, st.
Paul, Minneapolis & Omaha, while Northern Pa
cifc preferred, Western Union Telegraph, Cen
tral Pacific, Michigan Central, New Jersey Cen
tral and Philadelphia & Reading were from 80
q PEI cent. higher. It is officially announced
that syndicate headed by Drexel, Morgan &
Co., Winslow, Lanier { Co. and August Belmont
& Co. have made a proposition to the Northern
Pacific Railroad company for the purchase of
Sic, 100000 of the second mortgage bonds au-
thorized to be negotiated. The syndicate is
composed practically OF the sams parties who
negotiated the first mortgage bonds, and in
cludes, IN addition to the above, Drexel & Co.,
Philadelphia; J. s. Morgan & Co., London;
j. and ". Seligman L Co., Won Hoffman & Co.,
Robert Leno1 Kennedy, C. B. Wright and Fred
erick Billings. The finance committee of the
Northern Pacific Railroad company will act
upon the proposition Saturday.
The transactions aggregated S07, 600 shares:
Central Pacific 7,C0U; Delaware, Lackawan-
na & Western $1,000; Denver & Rio Grande
10000; New York, Lake Erie 4 Western Il, GOO;
Missouri, Kansas & Texas 1000; Lake Shore
5000; Louisville & Nashville 5000; Michigan
Central 5000; Chicago & Northwestern 9,00D;
Northern Pacific $1,000; Philadelphia & Reading
1000; Chicago, Milwaukee G. st. Paul 20,0O0;
Texas Pacific 1900; Union Pacific $4,000;
Western Union Telegraph 5000; Oregon Trans
continental $4,000; Northern Pacific preferred
5000; Wabash, ST. L0uis q Pacific $500.