Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-07
EVENING REPORT.

Money market easy at per cent. Prime
mercantile paper 51<@611 per cent. Sterling
exchange, bankers bills quiet at $4.6l75; do.
ex. demand, S4.S5A.
Governments Steady.
State Securities-Dull.
Bonds-Railroad bonds in good demand.
Stocks-The market was weak and depressed
in early dealings, and fell off 4@1B per cent.
for the general list and 1593 per cent. for coal
shares. The weakness later is accounted for by
the fact that the lease of New Jersey Central to
Philadelphia & Reading is to be contested. This
caused sales by bears and also for long accounts.
Before midday frmer tone prevailed and the
market was once more on the upward turn.
The improvement in the afternoon was more
marked than any day since the change 10 temper
of speculation took place. The buying is chsrac-
terized by confidence, and round amounts OF
stock are freely taken, both for investment
and speculation account. The advance in prices
ranged from q to 3H per cent, Chicago &
Northwestern, Chicago, Burlington d Quincy,
Chicago, Milwaukee C st. Paul, Delaware,
Lackawanna q Western, Louisville q Nashville,
Trunk Lines, Wizards, Southwestern and
Western Union Telegraph leading. The last
named was prominent feature of the market,
rising to 81 and closing at the highest point,
the advance being occasioned not only by reiter-
alton of the reports that compromise in Will
Eams' suit had been arrived at, but also by
several official statements that the company was
handling more messages than ever before and
that the usual dividend will be declared next
week. Trunk Line shares were CONSPICUOUS in
late dealings, on the announcement that the
meeting of representatives this afternoon had
resulted satisfactory. Changers were strength
ened by the continued favorable crop advicss.
1t is reported that at least two prominent oper-
ators have been caught heavily short of New
York Central, Erie, Western Union Telegram and
Delaware, Lackawanna g. Western. In special
ties American Cable rose II per cent. to 65,
Cleveland, Columbus, Cincinnati & Indianapolis
per cent to 65, Chesapeake & Ohio IS per cent.
to 76%, do. first preferred per cent to al,
Chicago & Alton g per cent to 1341s, Chicago
q Northwestern preferrad Is per cent. to ISL,
Memphis & Charleston ~ per cent to 6, Pacific
Hail rejected Is per cent. to 34H, Pullman
Palace Carl per cent to 80, Colorado Central
per cent. to S2si, and Cleveland & Pittsburg up
from 381< to Al; Ohio Central declined to 81
and rallied to ~.
The Evening Post says: 1t is understood from
would declare the usual quarterly dividend of
~ per cent. and pay it the 18th in the same
manner as the last dividend was paid, through
Mr. Gould From this it is to be inferred that
the reported compromise in the Williams suit in
Connection with some sort OF deal in Louisville
& Nashville was at least premature. Both these
stocks seem to be stronger than ever, for other
reasons than any such deal compromise in
the reported opinion of Commissioner Fink.
Louisville & Nashville is good property, is well
managed and from all appearances likely to pay
dividends some time in the near future. Large
earnings in southwestern roads the fourth
week in August, especially Missouri
Pacific and Texas Pacific, have
had the influence to advance those stocks.
Missouri Pacific directors have declared divi-
dend of ~ per cent, payable October l. The
books close September 20 and are reopened
October 2.
The transactions aggregated 1876, 900 shares:
Canada Southern 1900; Central Pacific 5000;
Delaware, Lackawanna & Western 112, 900;
Denver & Rio Grande $4,000; Erie $4,000;
Lake Shore $4,000; Louisville & Nashville &c.
600; Missouri Pacific 1000; Chicago & North
western 10000; New Jersey Central 5000;
do. preferred $4,000; Philadelphia & Reading
10000; Chicago, Milwaukee & st. Paul $4,000;
Texas Pacific l1,000; Union Pacific 1900;
Wabash, st. Louis & Pacific II 900; preferred
5000; Western Union Telegraph $4,000; Oregon
Transcontinental Is, 900; Canadian Pacific 5000;
Chicago, Burlington & Quincy 5000.
MINING STOCKS.
Mining stocks dull; Navajo sold at 29o,
Chrysolite ITO, Sierra Grande 400, Bodie 70
cents, and Robinson Consolidated AZ.
Sales for the day 1880 shares. Pipe Line GER
tifcates dull at 10sT@1O8aS, closing on
call at 1885.