Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-14

&Asked. IBID. tOFered. lex. int.
EVENING REPORT.
Money 21SQ4 per cent, closing offered 3
rpr cent. frims mercantile paper 5L@G
per cent. Sterling exchange, haakers' bills
quiet but steady at SASs1z; do. ex. demand,
sAs62l.
ACKNOWLEDGEMENTS but in tho main <
per cent. higher.
Bonds-Railroad bonds dull and featuresess.
State Securities Neglected.
Stocks-The stock market showed decided
manifestations of manipulation by professional
spectators this morning. Itopened generally a
fraction lower than the closing prices last night,
and continued steady up to about IL O'Clock
During the hour there were a good many pur-
chases of broken lots Of stock below 100 shares.
at prices fraction above the general market.
This is generally regarded an Indication OF
buying by small outside spectators, and re-
fleets the improvement in the confidence Of out
siders, but about IL there was an increase in
selling orders for larger amounts which seemed
10 be concerted attack, and under which there
was a sharp break of 799iH per cent. ia the
general list. Within an hour after the announce
ment of the bank statement, which was I'M
usually favorable, the market became steady
and a small fraction OF the decline was recovered
by 1890 o'clock. After 1880 the stock market
became weak and declined A61]5 per cent. -,
the latter for Louisville & Nashville to 1879, but
just before there was q partial recovery OF
M@H per cent. and Louisville & Nashville "a
per cent. In the last hour the market was dull
but steady, with a small fractional improvement
in the stocks that experienced the greatest de-
preston during the earlier part of the day. The
market closed weak and at the lowest prices of
the day for number Of stocks. As compared
with Friday night the market closed about 20
Ia per cent. lower. The stocks that showed the
greatest decline to-day were Chicago, st. Pau,
Minneapolis & Omaha, Louisville & Nashville,
Delaware, Lackawaana & Western and Wabash,
st. Louis & Pacific, ali or which were over per
cent. lower. Opinions are greatly at variance rs
to what started the selling movement at IL a.
m, there being intinations of compulsory IN
loading by oae Of the large operators, though
there are no definite facts upon which TO base an
opinion.
The Eve,,ing Post says: Inquiry in regard to
the damag ing reports in circulation about Louis
vile d Nashville shows, upon what we believe to
be trustworthy information, that company has
now in its treasury an amount Of money and
available funds equal to double the amount of
Its floating debt; also, it is not behind, as re-
ported, in any of its payments of wages due era
ployes, and finally that its net earnings for ten
months to April 30 and for April, were in excess
of its fixed charges.
MINING STOCKS.
Mining stocks dull; Sierra Grande sold at rs,
Iron Silver 295930o, Northern Belle 700GG75,
Eureka 400, ChrysOlite 10, Bodie 105, Robinson
se4S9 and Sonora Consolidated 40337 Sales
for the day 42,31e shares; total for the week,
l76,056 shares. Bullion receipts at New York
for the week from mines, $751; PipS LiRe
certificates very active and advanced from 92%5S
@94$l.
The transactions aggregated $4,000 shares
Central PaciAc $4,000; Delaware, LackavanHa &
Western $1,000; Denver L Rio Grande Is, $50
| Erie 1908; Lake Shore al, Gee; Louisville {
Nashville 5000; Chicago & Northwestern
6,0eO; New Jersey Central l5,608: New York
| Central 5000; Northern Pacific 6,00e; Phila-
delphia & Reading 5000; Chicago, Milwaukee
q st. Paul $4,000; Texas Pacific 1900; Union
Pacific 81 900; Wabash, st. Louis & Pacific
ll,C0s; East Tennessee, Virginia + Georgia
$3.50; Oregon Transco0tinentaI $500.