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

MINIS / ST. L.. FAX c., St. L. & Pitts. II
do Preferred. 81 90 preferred. A
+Azsed. IBID. tOfered. lex. int. SEX.
div.
EVENING REPORT.
Money market easy at 292h per cent,
closing offered 2 per cent. Prime mer-
camille paper 515g611 per cent. Sterling
exchange, bankers bills quiet at S4.el94;
do. az. demand, S4.S5A.
Governments-Steady.
State Securities-Dull.
Bonds-Railrosd bonds steady.
Stocks-Spec1lation II the Stock Exchange
presented a marked change as compared with
previous days OF the weak IN sales and the market
dropped 4@2B per cent, Louisville Il Nash
I Vile, Michigan Central, Northern Pacific, Ore
| gon Transcontinsnta and Philadelphia q Read
ing suffering most. In the first hour, however,
there was a recovery Of A9IA per cent, Chi
cage & Northwestern leading. This was again
followed by a pressure TO sell and still lower
prices prevailed for many shares. The decline
from last nights closing ranged from h93%
per cent, Vanderbilts, the Changers, Denver d
Rio GraHde, Louisville & Nashville, Northern
Pacific. Oregon Transcontinenta and Wabash,
St. Louis & Pacific being particularly weak.
Michigan Central sold down to S2A, Canada
Southern To 53X, Lake Shore TO lOiZ, New
York Central to I16, Chicago & Northwestern to
l251{, Chicago, Milwaukee & St. Paul to 1c415,
Chicago, Burlington & Quincy ts 12413, Chicago,
st. Paul, Minneapolis & Omaha to Az and pre-
ferred 10 1929, Northern Pacific to 40, pre-
ferred to "a, and Wabash, st. Louis L Pacific
preferred to 33H. A the close the same shares
rallied 1s01 per cent, while others sold at the
lowest of the day. Union Pacific and Chicago
& North western preferred were quoted ez. dlvi-
dend OF l%92 per cent. respectively. Tn de-
preston was due to reports that the Gould party
would not enter the Louisville l. Nashville di-
rectory, that President Rutter, of xhe 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. II regard 70 the alleged damage 20 the
corn crop opinions differ widely, some houses
having private wires being IL receipt Of tele-
grams predicting the largest crop ever had,
while others received word that the crop had
been seriously harmed. It was said the reaction
was partly due to yesterdays heavy realizations
and the fact that the bull leaders themselves
encouraged sales in order to force out small
holders; az least the brokers identified with
those who recently were on the bull side were
active, first IN depressing prices and were equal
ly prominent among the buyers during the
afternoon. In specIalties American Cable de-
clined ! PEI cent, Chicago, st. Louis L Pitts
burg preferred I per cent, Indiana, Blooming
tor & Western u per cent, Memphis & Charles
ton 81 per cent, Minneapolis & st. Louis pre-
ferred ~ per cent, Norfolk & Western 8 per
cent, Peoria, Decatur & Evansville ! per cent,
Pullman Palace Car ~ per cent, St. Paul, Min
neapolis & Manitoba u per cent. aud Colorado
Central IA per cent. Bankers & Merchants
Telegraph rose II per cent. and Ohio Central 10
per cent. The sales of stock for the week ag-
gregated 1854, 776 shares, an increase OF %, APO.
Exports from New York for the week ending,
S450,950; total since Jan. l, $40, 569, 465 against
$40, 550,088 for the same period in 1892. The
imports of specie for the week were $225, 480;
the total since Jan. l was $40, &c., 1893 against
S2,480, 94l for the same period last ear. The
weekly exhibit of the New York associated
banks is unfavOrable, showing a loss of surplus
reserve of 81 ,7S6, 525, expansion ! nloans 81, 7U9,-
700 and loss in cash s. ,947, 40; liabilities re-
duced $847, 500. The banks now hold S4,487,-
500 ab0velega requirements against a deficiency
of 81, 1882, 275 the same week last year. 1t is
stated there Is a movement of currency west
and south ~oassist the movement of crops.
The transactions aggregated 442,O 900 shares:
Canada Southern 5000; Central Pacific 100;
Delaware, Lackawanna & Western $1,000;
Denver d Rio Grande 1900; Erie II, 900:
Missouri, Kansas Il Texas 5000; Lake Shore
$4,000; Louisville & Nashville 40, 0OO: Michigan
Central $4,000; Missouri Pacific 1000: Chicago
& Northwestern 1900; New York Cen raj
1900; Northern Pacific 24,0u0; do. preferred
$4,000; Ontario Il Western 5000; Philadelphia
& Reading 1900; Chicago, Milwaukee & St.
Paul 1000; Texas Pacific 1903: Union Pacific
l5,OJ0; Wabash, St. Louis & Pacific 1000;
do. preferred 9,O09; Western Union Telegraph
l2,OU0; Oregon Transcontinertal $4,000.