Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-05

i
~Asked. ibid. tofered. GEx. int. SEX.
div.
Money market easy at EOS per cent.
closing at 2 per cent. Prime mercantile
paper GOT PER cent. Sterling exchange,
bankers bills weak at SSH; 90. ex. demand,
$484A.
decentralization better at second call,
but at last board US lost the Improvement.
State Securities-Dull.
Bonds-Lower.
Stocks-Tho stock market opened a fraction
lower, and then advanced q to q per cent
Later in Oregon Trauscontinental, before 1880
a. m, the improvement was lost and the bears
had the market once more under control. Round
amounts of Wizards were offered, causing
break of 81 to 4 per cent in these speciaities.
Northern Pacific dropped from BIZ to 3Osl,
preferred from 60 to 57$l, Oregon Transconti-
mental from 1879 to AZ. The remainder of the
active list sympathized but slightly with these
shares, decline only of 4 to ID per cent, ex-
cept for Chicago, st. Paul, Minneapolis &
Omaha preferred, which broke Ia per cent.
to $50. Near II m. Delaware, Lackawanna Ct
Western received strong support fully $4,000
shares being taken in the neishborhood of leo
@l205S. This had the effect of stemming the
downward movement and caused rally of 4 to
~ per cent. in which Oregon Transcontinental
was most conspicuous, selling up to 40, Northern
Pacific recovered to 81 g, preferred to SO, and
other stocks Is to u per cent. From this time
until nearly 1.30 p. m, the market was quiet
and almost dull. About the time mentioned a
report was circulated that the leaders were in
conference to devise means to end the bear raids.
Simultaneous with this announcement the
sharpest drive of the day was made in some
shares, particularly on st. Paul, Minneapolis ~
Manitoba, Oregon Transcontinental and Chicago
& Northwestern. The former broke points to
1851, Oregon Railway & Navigation ~ to
1917, and Chicago & Northwestern ~ to
12C9l. Shares not attacked by the bears yielded
but little above 4 to per cent. Toward the
close much better feeling prevailed and the bears
showed some disposition to take profits. Under
this process an advance of n to 81 per cent.
was established, with great activity in way up.
The underlying cause of this sharp recovery was
4 reported conference of Gould and Willard, al
ready alluded to. 1t was currently reported that
the capitalists in question and two or more
prominent banking houses had agreed to take a
certain amount of bonds to be issued by the
Northern Pacific company, the proceeds of
which will be used in taking up the floating
debt and in providing the company with means
to thoroughly equip their lines. 1t was also re-
ported that portion of the bonds have been
taken for European account. Still another
rumor current was one to the effect that Gould
and Sage would enter the Oregon Transconti-
mental directory. While these rumors could not
be officially confirmed there.is apparently good
ground for believing that deal in Northern
Pacific has been made, and that purchases made
by leading operators to-day were predicted upon
the deal in question. In late transactions
Northern Pacific rose to 32H, preferred to 81,
Oregon Transcontinental to 49H, Chicago &
Northwestern te 1874, Chicago, Milwaukee &
st. Paul to 1917, Louisville & Nashville to 49as,
Milwaukee, Lake Shore & Western to 991f,
Michigan Central to S1711z, New Jersey Central to
81, st. Paul, Minneapolis & Manitoba to 108,
Union Pacific to 89sl, and Western Union
Telegraph to 80. As compared with last nights
closing, some shares showed al advance of u to
Is per cent. later in Delaware. Lackawenna &
Weetern, while others are u to lower, except
for Oregon Railway & Navigation which is 81
at 100, Western. Union Telegraph, Texas Pacific,
Wabash preferred, Chicago, st. Paul. Minneapolis
Burlington & Quincy and Canada Southern I'M
changed. In specialties Pullman Palace Car
broke points to 124 and rallied to 125, Alton
& Terre Haute declined 2 per cent. to 48, pre-
ferred per cent. to 80, East Tennessee, Vir-
ginia q Georgia preferred 1 per cent. to IA, and
York, Chicago & st. Louis preferred e per
cent. to II. Afeature of the day was trading in
sellers options. Oregon Railway &c Navigation
sold at 12I11@1t711, and St. Paul, Minneapolis
& Manitoba at l06$l11061 seller 60, and Pull
man Palace Ger l26 seller 80, all 1872 per cent.
below the markets.
The transactions aggregated 100000 shares:
Central Pacific 5000; Delaware, Lackawana &
Western 1860; Denver 6 Rio Grande 5000;
Erie I2,G00; Kansas & Texas 6,000, Lake Shore
IS, 100; Louisville & Nashville $4,000; Michigan
Central $3.50; Missouri Pacific 5000; Chicago &
Northwestern $4,000; New York Central 5000;
Northern Pacific $4,000; Philadelphia & Read
ing II, 900; Chicago, Milwaukee q st. Paul TO-
0sO; Texas Pacific s,00G; Union Pacific 49,000;
Western Union Teleg~ aph IL, o.; Oregon Trans-
continental $1,000; Northern Pacific preferre6
81, on Oregon Navigation 7,099; st. Paul, Min
neapolis & Manitoba 1000; Delaware, Lecka-
Wauna 4 Western $500.