Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-08-13

and closed offered at z per cent. Prime mer-
camille paper 41S@6 per cent. Sterling ex-
charge, bankers bills dull ut s4.594; 10. Ok.
demand, s4.87.
Goverments-Lower.
State Securities-Quiet. Tennessee COM
promise brought 43.
Bonds-Railroad bonds heavy ard depressed,
in sympathy with share speculation.
Stocks-Excited and depressed similar to
noon. Prices are down A@% per cent. for
the day. Gould and Willard stocks are suffer
ing the most. Union Pacific is heavy, falling
off to 89%. On Boston selling there were
rumors of failures in Philadelphia and in this
city, but lack confirmation, as no announce
ment of failures has been made at the Stock
Exchange to-day. Railway bonds also de
pressed. Texas Pacific and Denver Rio Grande
divisions sold down to rs, and Missouri, Kansas
Texas seconds to 81. The share
market opened weak and lower,
with general disposition TO sell. Prices
declined A@1 Is per cent. for Philadelphia &
Reading and Louisville Nashville leading the
downward movement. Subsequently there
was some disposition to cover shorts, and a
rally of 4 to per cent, took place, Delaware,
Lackawanna & Western and Philadelphia &
Reading being prominent. Between
l and o'clock the market be-
came excited and depressed on rumors
of failures here and at Philadelphia. The mar
ket at this time was in condition of a semi
panic and prices showed decline of ! to 4sl
per cent, Oregon Transcontinental, Northern
Pacific and Gould stocks being the greatest suf-
ferers. Liquidations were enormous. Late in
the day there was rally of d to ~ per cent
on covering of short contracts. AS compared
with last closing, stocks are "a
@33s per cent. lower. New York
Central, however, gained d per cent.
on the day in specialties. Chicago, St. Louis &
Pittsburg dropped per cent, do. preferred 2
per cent, Indiana, Bloomington & Western Us
per cent, st. Louis & San Francisco per cent.
preferred 219 per cent. and first preferred 2 per
cent, Nashville, Chattanooga & st. Louis rose
l per cent, and Bankers CT Merchants Tele-
graph 80 per cent. The short interest is very
large; the loan rate was bid mp to per cent,
but quickly settled down to 2 per cent. The
supply of loanable funds is largely in excess OF
the legitimate and speculative demand.
The transactions aggregated 4s2,0S0 shares:
Canada Southern 5000, Central Pacific 5000.
Delaware, Lackawanna & Western 1000;
Denver q Rio Grande $4,000; Erie 27,000;
Kan a, i Texas $500; Lake Shore 5000;
Louisville & Nashville $1,000; Michigan Central
1900; Missouri Pacific 16, 600; Chicago & North
western 5000; New Jersey Central 9,OUU; New
York Central $4,000; Northern Pacific l5,OuG;
Peoria, Decatur & Evansville $4,000; Philadel
phia & Reading $1,000; st. Paul,
Minneapolis q Manitoba l7,G00; Texas
Pacific $4,000; Union Pacific 22,0J0;
Wabash, st. Louis & Pacific 1000; Western
Union Telegraph II GOO; Oregon Transcontinental
29,0U0; Canadian acifc 5000; Northern Pacific
preferred 4l,0G0; Wabash, st. Louis & Pacific
preferred 5000.
MINING STOCKS.
Mining stock very dull; Sierra Nevada sold
at 5@5l3, Alice 240, Chrysolite 1U5, Sierra
Grande lou Robinson, Consolidated Is, Sonora
Consolidated 2S@29 Sales for the day "a, 73O.
Total sales for the week 100000. Bullion re-