Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-03

40 preferred. 46 90 proIerrou. 401t
sAsked. IBID. tOffered. QEx. int. SEX
div.
EVENING REPORT.
Money market easy at 21k@3 per cent.
closing at 2 per cent. Prime mercantile
paper 6@7 per cent. Sterling exchange
bankers bills weak at Ss.s21l; do. e1. demand
S4.85.
GOVernments-Strong.
Bonds-Railroad bonds about steady; New
York, West Shore & Buffalo frsts weaker al
745s@74s.
State Securities Inactive.
S5ocks-Another dull day in stock circles
At the opening the market was frm and higher
with general advance in price of H@1B pei
cent, the latter for Western Union Telegraph OF
a favorable decision of the court of appeals
legalizing say Sis, 526 $50 of stock issued at the
time of the consolidation of the American I'm
ion and Atlantic & Pacific Telegraph companies
with the Western Union Telegraph company il
1881. After IL the market was quiet and barely
steady and continued SO until afternoon, when q
sharp attack was made on Cleveland, Columbus
Cincinnati & Indianapolis, carrying that stock
down from 81 Is to 55. This was followed by
attacks on Changers and Delaware, Lackawanns
q Western, owing to the absence OF supporting
orders. The raids were generally successful,
prices being forced down AGA per cent, Chi
cagO Northwestern preferred suffering most.
There was little recovery at the close. The
market left off weak and as compared with
last nights close prices are down I@2 pei
cent. except for Wabash, st. Louis & Pacific
and Chicago, Burlington Quincy, which are a
fraction higher. In specialties Alton & Terre
Haute broke ~ per cent. to SO, Milwaukee.
Lake Shore Western preferred 3 per cent. to
Al, Ohio Central q per cent. to ~, and Chi.
cago, st. Louis & Pittsburg preferred rosa pei
cent. to AZ, Mutual Union Telegraph ~ pc,
cent. to 10 and Homestake Mining Il per cent.
to 1715. The depression in Chicago & North
western was occasioned by rumors that the COM
pany had been selling treasury stock. These
rumors have been started before, but not with
as much effect as to- day. 1t can be authorita-
lively stated the authorities are without foun-
dation in fact.
The Evening Post says: As the bears were
evidently afraid to sell any of the prominent
stocks, which are known to be supported, side
issues we're made by few parties on Alton 4
Terre Hau.e and Cleveland, Columbus, Cine y
natl d Indianapolis, the first of which was sod
down ~ points and the latter Ok. Whether
there Is any reason in the financial affairs of the
road for the decline or not, it is believed the
depression to-day is artificial. The general
situation in railroad affairs is encouraging,
earnings good and no immediate prospects of
serious complication in regard to rates. A
special correspondent of the Post has gone out
to our corn district west and northwest of Chi
cage and as far as St. Paul in the last week, and
gives 1t as the opinion of the best farmers and
merchants that the damage to the corn crop has
been largely estimated and that if the cora does
not actually freeze before it dries out, there will
be an abundant crop even in the frosted districts;
also that there is very large supply of old
corn In the country yet.
The transactions aggregated $4,000 shares:
Delaware, Lackawana Il Western $1,000;
Louisville & Nashville 5000; Chicago North
western 1000; Northern Pacific 10000; do.
preferred 1900; Chicago, Milwaukee & st. Paul
1000; Western Union Telegraph 5000; Oregon
Transcontinental 1900.
MINING STOCKS.
Mining stocks very dull; Horn Silver sold at
700, Union Consolidated 425@400, Sierra Ne
yads $40, Sierra Grande 80 cents, Bodie CONSOLE
dated 30, Bulwer 57@56 and Robinson Consoli-
dated S8. Sales for the day $4,000 shares. Pipe
Line certificates dull at 115&@11411.