Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-11
EVENING REPORT.

div.
EVENING REPORT.
Money market easy at 2@215 per cent,
closing at 2 per cent. Prime mercantile paper
6@7 per cent. Sterling exchange, bankers
bills steady at Si.819l; do. ex. demand, S4.S4%.
vernments-Strong.
Bonds-Railroad bonds generally firm; Texas
Pacific incomes weak at 1880; New York,
Buffalo & West Shore firsts, however, were fea-
lures, transactions enormous and the price rose
to Tx.
State Securities Quiet
Stocks-The stock market this forenoon was
very fuctuating, yet showed an important de-
cline. In the early afternoon the market was
weak and unsettled, but in the last hour was
moderately stronger. In the last hour there
was an improvement of 35@% per cent, the
latter fog Oregon Transcontinental. Northern
Pacific common was the special feature in the
last hour, being depressed to 291s, while pre-
ferred remained comparatively firm. In the
last half of the hour, however, common recoy-
cred q per cent. of the decline to 307E.
The Evening Post says: The transactions in
New York, West Shore & Buffalo bonds were
unusually large, aggregating between 100000
and $50, 700 Tor the day, at prices from 75@14
per cent. higher than the closing prices last
night. This indicates there is movement to
buy something as an Investment for money,
there being now almost no market for it on
loans and very little on time loans. The same
paper says there were some sensational stories
afioat IL regard to commissions on the negotia-
ton of the Northern Pacific second mortgage,
which are believed to be entirely without foun-
dation. As hear we can learn the syndicate
of bankers who have the matter under consider
alton have made proposal for 5l5,000,0Q0 of
bonds, with option on S3,000,000 more, this
being the total amount which the Northern Pa
cific company are understood to be offering.
What action, if any, the Northern Pacific COM
pany has taken in the matter, remains to be
seen. There we're rumOrs that bull pools had
been formed in Western Union Telegraph, Louis
vile & Nashville and Union Pacific for $4,000
shares eaca and in Willard shares for a larger
amount. The annual statement of Western In
ion Telegraph was well received in financial cir
Giles, showing, as it did, something over 8 per
cent. on stock IN the face of extraordinary ex-
penses and a reduction in rates the past year.
The report shows the receipts of the company
for seventeen years from July l, 1866, were
1921 ,O44,657 and disbursements $500, 501, 276,
leaving a surplus Of $20,543, 1881.
The transactions aggregated $4,000 shares:
Canada Southern G,tU0; Delaware, La;kawan-
La d Western $4,000; Denver IL Rio Grande
1900; Lake Shore 5000; Louisville & Nash
vile $4,000; Michigan Central Il ,GO1; Missouri
Pacific 1860; Chicago 4 Northwestern 5000;
New Jersey Central 5000; New York Central
1000; Northern Pacific 1000; do preferred
$4,000: Philadelphia & Reading 5000; Chicago,
Milwaukee & st. Paul z2,0tV; Texas Pacific
5000; Union Pacific $1,000; Western Union
Telegraph 5000; Oregon Transcontinental
10000.
MINING STOCKS.
Mining stocks very dull; Horn Silver sold at
70s, Eureka Consolidated SIS, Standard 800,
Navajo 300, Union Consolidated 405, Sierra
Grande los, Robinson Consolidated 37@40, clos
ing 80 cents. Sales for the day 22,265 shares.
Pipe Line certificates active but weak, declining
from 1I3@1125S.