Daily globe., 1883-08-12

and closed offered at z per cent Prime mer-
| camille paper 1896 per cent. Sterling ex-
change, bankers bills dull at S4.o3N: do, ex.
demand $4.67.
Governments-Lower.
State Securities Quiet. Tennessee COM
promise brought 43.
Bonds-Railroad bonds heavy and depressed.
IN sympathy with share speculation.
Stocks-Excited and depressed similar to
noon. Prices are down A@M per cent. for
the day. Gould and Willard stocks are suffer
ing the most. Union Pacific is heavy, falling
oil to 894. On Boston selling there were
rumors OF failures in Philadelphia and in this
city, but lack confirmation, as no announce
ment of failures has been made at the Stock
Exchange to-day. Railway bonds also de-
| pressed. Texas Pacific and Denver & Rio Grande
| divisions sold down to rs, and Missouri, Kansas
Texas seconds to 81. The share
| market opened weak and lower,
| with general disposition to sell. Prices
declined A@l IS per cent. for Philadelphia &
| Reading and Louisville & Nashville leading the
| downward movement. Subsequently there
was some disposition to cover shorts, and a
| rally of 4 to per cent, took place, Delaware,
Lackawanna & Western and Philadelphia &
Heading being prominent. Between
and 2 o'clock the market be-
came excited and depressed on rumors
of failures here and at Philadelphia. The mar
| ket at this time was in condition of a semi
panic and prices showed decline of l to 49l
per cent, Oregon Transcontinental, Northern
Pacific and Gould stocks being the greatest suf-
ferers. Liquidations were enormous. Late in
the day there was rally of a to ~ per cent
on covering of short contracts. AS compared
with last closing, stocks are 96
@936 per cent. lower. New York
Central, however, gained d per cent.
on the day in specialties. Chicago, st. Louis &
Pittsburg dropped per cent, do. preferred 2
per cent, Indiana, Bloomington g. Western 216
per cent, st. Louis & San Francisco per cent,
preferred 2115 per cent. and first preferred 2 per
cent, Nashville, Chattanooga g. st. Louis rose
l per cent, and Bankers & Merchants Tele-
graph 319 per cent. The short interest is very
| large; the loan rate was bid mp to 6 per cent.
but quickly settled down to per cent. The
supply of loanable funds is largely in excess of
the legitimate and speculative demand
The transactions aggregated 482, ,08O shares:
Canada Southern 6,0UU, Central Pacific 5000,
Delaware, Lackawanna & Western $4,000;
Denver u Rio Grande 5000; Erie 27,OOO;
Kansas q Texas 5000; Lake Shore 5000;
Louisville Nashville 10000; Michigan Central
1000; Missouri Pacific $4,000; Chicago & North
western 5000; New Jersey Central 5000; New
York Central $4,000; Northern Pacific 5000;
Peoria, Decatur q Evansville 10000; Philadel-
phia & Reading 5000; st. Paul,
Minneapolis & Manitoba 1900; Texas
Pacific $4,000; Union Pacific 22,OUO:
Wabash, st. Louis & Pacific 7,O0O; Western
Union Telegraph II, 600; Oregon Transcontinental
$4,000; Canadian acifc 5000; Northern Pacific
preferred 4l,O0O; Wabash, st. Louis & Pacific
preferred 5000.
MINING STOCKS.
Mining stock very dull; Sierra Nevada sold
at 5@513, Alice 24O, Chrysolite los, Sierra
Grande 100 Robinson, Consolidated rs, Sonora
Consolidated 2s@29. Sales for the day "a, 73O.
Total sales for the week 2OO,69O. Bullion re-
| ceived in New York for the week from the