Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-06
EVENING REPORT.

div.
EVENING REPORT.
Money market easy at 21S@3 per cent.
Prime mercantile paper 6@7 per cent.
Sterling exchange, bankers bills weak at
S4.811E; do. ex. demand, $4.84Z.
Dry goods imports for the week, 81, 9i8, COO.
Govsrnments-Strong.
Bonds-Railroad bonds irregular; after 1890
Atlantic & Pacific incomes advanced to %, New
York, Chicago St. Louis frsts to 1926, North
ern Pacific frsts to 1O3, Texas Pacific land grant
incomes to 81 and Ohio Central firsts to 6S15.
Chicago, Burlington & Quincy debentures de-
cEned to Oh.
Stocks-The stock market was very much
more active than yesterday and whereas yester-
day the market appeared to be almost entirely
in the hands of the bears, to-day showed there
was contest, the result of which was that the
general list of stocks closed higher than yester-
day. Speculation opened strong and higher with
an advance of A91A per cent. in prices, Vii
lards showing the greatest improvement. Be
fore 1890 the most violent raid of the year was
made on Delaware. Lackawanna & Western,
driving the stock down from 1l94 to 117I,
about II, 900 shares changing hands on the way
down. This sharp attack was caused by reports
that the De aware & Hudson Canal company had
reduced its price for coal to July figures. The
whole market weakened under the severity Of
the assault. Northern Pacific declined l per
cent. to BIZ, DO. preferred ~ per cent to
59%, Oregon Transcontinental ~ per cent. to
40, Union Pacific IL per cent. to 6677, Chicago
& Northwestern Il per cent to 12l4 and the
remainder Of the activelist A@l per cent. After
IL the market was irregular but in the main
firm, prices generally showing an improvement
Of 1@115 per cent, Northern Pacific preferred
Leading. After midday it was officially an
nounced that the Delaware & Hudson Canal had
not reduced rates and that the early rumors were
due to the fact the company had been billing
few old contracts 20 July figures. This had
little or no effect O he market. Later on the
attack on coal stoc.As was renewed and with
vigor, the shares being forced down to the low
est point of the day, Il6X. Meantime Wizards
became strong and were steadily absorbed on
belief that the companies and friends had de-
cided upon plan of action whereby the finances
Of the roads would be Strengthened out. The
buying OF the shares mentioned was of better
character than for long time and handsome
advance established. Northern Pacific rose 1%
per cent, preferred g per cent, Oregon Trans
continental ~ per cent. and Oregon Navigation
per cent. This sharp rally induced purchases
of other shares for both accounts. Delaware,
Lackawanna Western rallied to 1875, Della
ware & Hudson to 1861, New Jersey Central to
8O55 and Philadelphia & Reading to EOS. The
market left off very strong. As compared with
last nights closing prices are 1s9115 per cent.
higher for the general list and 1H@4 per cent.
higher for Wizards. Coalers were 5s0I8 per
cent lower. The selling of Union Pacific vas
due to q rumor that the company's earnings last
month show decrease of $3G0,000 and reports
that Gould and Sage would enter the Northern
Pacific directory. Memphis & Charleston rose
At meeting of coal company representatives to-
day it was said no reduction in the rates is now
looked for. The Northern Pacific company has
made an application to list $50, 900 of general
mortgages and Philadelphia & Reading to list
54,S00,OOO of deferred income bonds. The
latter company in its application, states that it
will earn from 5@6 per cent on its share capital
this year. The directors of the Northern Pacific
Railroad company will meet tomorrow, when
some action will probably be taken relative to
the proposed new issue of bonds.
The transactions at the Stock Exchange have
been heavier than for some time past, the total
being 6Og,0 900 shares: Central Pacific 5000;
Delaware, Isckawana & Western 10000;
Denver & Rio Grande 5000; New York, Lake
Erie & Western 12,000; Lake Shore 12,0G0;
Louisville & Nashville 1000; Chicago & North
western $4,000; New Jersey Central $4,000;
New York Central 5000; Northern Pacific
$4,000; do. preferred 5000; Philadelphia &
Reading 10000; Chicago, Milwaukee ST. Paul
$4,000; Texas Pacific 10000; Union Pacific
$4,000; Oregon Transcontinental $4,000.