Daily globe., 1883-08-16


no 1u prerc quicksilver 49,.
Mich. Central. 89M Pullman Pal. Car. .123
MINIS d st. L.. 1871 c., st. L. & Pitts. l2
do preferred. 47 dc preferred. 40
*Asked. IBID. *Ofered. lex. int. sEx
div.
EVENING REPORT.
Money market easy at 393L per cent,
closing at per cent. Prime mer-
camille paper 596 per cent. Sterling ez-
change, bankers' bills weak at $4.S2L; do. ez.
demand, $4.86.
Governments-Firm.
Bonds-Railroad bonds steady.
State Securities-Dull
Stocks-Brokers who live out of town, as
most brokers do this time of year, took early
trains to this city this morning and Wall street
was alive long before the usual hour of begin
ming business. In the Windsor hotel last even
ing there was talk about another serious break
IN the market this morning. Such rumors made
brokers anxious to be on the spot to look after
their own and their customers interests. Hun
dreds of Wall street men away on vacations
were summoned back by telegraph last evening
and at 1O this morning the neighborhood of the
Stock Exchange presented strange appearance
for the middle of August. There were groups
of well known brokers in every Office window
and messenger boys were actually running. Be
fore business began on the floor of the Stock Ex-
change the visitors galleries were crowded with
persons who came to see wild scene and were
disappointed. There was apparently restora-
ton of confidence to very considerable extent
IN the stock market in the forenoon. The dis
quieting rumors circulated last night all proved
without foundation. The market opened L6l
per cent. higher, the latter for Canada Southern,
and continued alternately strong and steady
throushOu the forenoon, the net result of the
trading up to 1890 being an advance of 15@3&
per cent. on the general list of active stocks
over the closing last night, the largest extreme
advances being Oregon Transcontinental 4 per
cent, Northern Pacific 25s per cent on both
common and preferred, Erie 2$s per cent, Cen
traI Pacific ~ per cent, Chicago, Burlington &
Quincy 2per cent, Wabash, St. Louis & Pacific
~ and g per cent, Canada Southern and IL
hnols Central / q per cent, Chicago, Milwaukee
d St. Paul I per cent, Denver d Rio Grande,
Union Pacific and New Jersey Central IL per
cent, Delaware, Lack2wanna & Western, Chi
cago & Northwestern and Chicago, St. Paul,
Minneapolis Omaha each l 133s per cent, Louis
vile 4 Nashville 4 per cent, Missouri, Kansas
d Texas IS per cent. and Canada Pacific, Ph;la-
delphia Heading and Texas Pacific each per
cent. From these extreme advances there was a
reaction of A@1 per cent. about noon, but this
reaction was again partly recovered by 1890,
leaving the net advances for the forenoon only
little below the extreme advances above stated
At one time about the opening Western Union
Telegraph was weak and declined 114 per cent.
from last nights closing price to 725 but after
rdc odv 70 7A7/@7Il/
of the forenoon was made in the face of heavy
sales, the operators buying yesterday finding the
temptation to realize too strong to resist. The
buOyancy in prices was considered all the more
remarkable on this account. The weakness in
Western Union Telegraph was attributed to the
operators strike and consequent loss of business
together with prospective competition in work
of telegraphy. The total sales up to 1890 was
about 250, 600 shares; after 1890 the market was
at first very strong, and there was further ad-
vance of to 2 per cent, the latter in
Northern Pacific common and preferred to 42M
@82S4, but after l o'clock, on announcement of
the failure of E. G. Stedman & Co., there was
reaction of Il to ~ per cent, the latter on
Oregon Transcontinental to 635S. Northern
Pacific common also lost its entire
advance of per cent. The decline
in other stocks was q to 135 per
cent, the latter for Northern Pacific preferred
to 81 IS, with 4 per cent. on Wabash, st Louis
& Pacific preferred to 91%, per cent. on
Chicago & Northwestern to 1913, and Is per cent.
on Delaware, Lackawanna 6 Western to 12l%,
and Union Pacific to SO, ID per cent. on New
York Central to 11514, Missouri Pacific to 95,
New Jersey Central to SO, Chicago, st. Paul,
Minneapolis Omaha to 4055. In the last hour
the market was generally lower, the decline
being a to rs per cent, the latter in Western
Union Telegraph to 721S, with fractional de-
clines on the remainder of the list The market
was strong and there was a general advance,
more than recovering the decline and making
the highest prices of the day. The result of the
days business was a general advance over the
closing prices of last night, ranging from 15 to
3% per cent, the latter in Oregon Transcontinen-
tai, with 2}s per cent on Northern Pacific com
mon and on preferred, Chicago, Burlington &
Quincy 1M per cent, Canada Southern IL per
cent, Central Pacific ~ per cent, Delaware,
Lackawanna d We@tern l per cent, Erie ~ per
cent, Missouri, Kansas & Texas l per cent,
New Jersey Central per cent, Chicago & North
western l per cent, Chicago, Rock Island &
Pacific 235 Ter cent, Chicago, Milwaukee & St.
Paul II per can't, Chicago, St. Paul, Mime
apolis & Omaha l per cent, preferred per
cent, Texas Pacific ~ per cent, Union Pacific
l per cent, Wabash, st. Louis Pacific pre-
ferred per cent, and Oregon Improvement 4
per cent. London was free buyer in our mar
ket to-day, and Chicago, Milwaukee st. Paul,
Lake Shore, New York Central, Denver & Rio
Grande, Erie, and Wabash, st. Louis g. Pacific
preferred was taken for that account.
The transactions aggregated $4,000 shares:
Canada southern 6,0OO; Central Pacific 1000;
Delaware, Lackawanna & Western $4,000;
Denver q Rio Grande $4,000; Erie $4,000:
Kansas & Texas 1900; Lake Shore $1,000;
Louisville & Nashville 5000; Missouri Pacific
11,000; Chicago & Northwestern 5000; New
Jersey Central 5000; New York Central 5000;
Northern Pacific 2l,0G0; do preferred 2l 1000,
Philadelphia & Reading II ,00O; Chicago, Mil
waukee G st. Paul 2t,O00; Chicago, St. Paul,
Minneapolis & Omaha 5000; Texas Pacific 1S, 900;
| Union Pacific $4,000; Wabash, st. Louis & Pa
| cifc 5000; Western Union Telegraph $4,000:
Oregon Transcontinental $1,000; Wabash, st.
Louis & Pacific preferred 5000; Canada Pacific
1000.
MINING STOCKS.
Mining stocks dull; Sierra Nevada sold at 40
@450, Standard Consolidated 575@5S8, Horn
Silver 625@619, Alice 225@235, Sierra Grande
| 110@115, Caledonia BH sligo cents, Robinson