Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-20
EVENING REPCRT.


Rooney III better demand at 3@a per cent,
closing at 2 per cent. Prime mercantile
paper GOT per cent. Sterling exchanges, bank
ers' bills dull at s4.sl; DO. ex. demand, $&.84.
Dry goods imports for the week, 81, 835, 900.
Goverumsnts-Strong coupon tours q par
cant. higher at 1873.
Bonds-Railroad bonds frmer.
State Securities Steady.
Stocks-The stock market was much less
active than yesterday in the same hours and the
fluctuations Of prices were over narrower
range than yesterday. New Jersey Central, one
OF the most active and strongest yesterday, was
extra aely dull to-day, the total transactions up
TO L 90 being only about 1000 shares. The
price, though over 5 per cent. lower than the
highest of yesterday, was pretty firmly held be-
tween "a and So. a report that the Pennsyl-
vania company had given orders to meet the cut
of the Delaware, Leckawanna & Western, to-
gether with the further depression of the iron
trade and reports of iron failures, had q de-
pressing effect on coal shares and especially on
Delaware, Lackawanna & Western. In the fore
noon the Pennsylvania company emphatically
denied the truth Of the cut story. After 1890
p. IN. there was sharp attack by the bears on
i've or six stocks, causing a decline of H9l&
per cent. in the hSlt-hour to l O'Clock, after
which the market became too strong for them
and not only rallied for all stocks that wers at
tackled but for come others and there was gen.
eral advance leaving the advance at 2 o'clock "a
@t1S per cent. over the price at $50 p. m. In
the last hour the market fuctuated and the gen.
eral result OF the changes was lower prices than
at o'clock. Compared with yesterdays close
the most important changes were the following
declines: Delaware, LackaWanra q Western Il
per cent. &, Western Union Telegraph per cent,
Oregon Transcontinental per cent, Oregon
Improvement per cent, the other declines be-
ing fractional. o. those higher were Chicago &
Northwestern J q per cent, preferred per
cent, Pullman Palace Car 2 per cent. and Long
Island per cent. The reason assigned for the
advance il Chicago & Northwestern was a report
that W. b. Vanderbilt had purchased 1900
shares Of that stock formerly the property Of
the Osgood estate, at about IiS. It is also said
that Vanderbilt has had about 100000 shares OF
stock transferred to his rame to-day. In the
last half-hour there was difference in Northern
Pacific preferred of i per cent. between regular
and seller 3, on large operations made by the
New York branch of ro5toa firm. The books
for action on S2,000,000 of second mortgage
bondJ close tom JrrSw. In the early dealings
IN New Jersey Central there WAS difference OF
~ per cent. between cash and regular, but
later this stock was easy for loaning purposes,
the final rate being & per cent. per diem.
The Ecening Post says: The experience of
yesterday and to-day has developed the fact that
the be, r and bull chques In the market are both
more strongly and definitely organized than the
public have lately presumed. The savage attack
and depression and tbs rapid, buoyant recovery
of stocks between 1870 and l o'clock to-day,
showed not only where the points of attack al d
support were to-day, but also that for the time
being at least the bulls have the advantage. The
market is new governed entirely by the varying
success of these cIques and the fluctuations of
prices have but little, if any reference to the
general conditions of business out.ide of Wall
street. The public would probably soon begin
to buy if they see the bull clique has power to
maintain prices.
The transactions aggregated $4,000 shares:
Delaware, IaAkawanna & Western $4,000;
New York, Lake Erie & Western 1900; Lake
Shore 10000; Louisville & Nashville $4,000;
Michigan Central 5000; Missouri Pacific -, loco;
Chicago & Northwestern 5000; New York Cen
trail 1900; Northern Pacific $4,000; do pre-
ferred $4,000; Philadelphia & Reading 5000;
Chicago, Milwaukee l. St. Paul 3f,GC3: Texas
Pacific G,C00; Union Pacific 22,0Q0; Western
Union Telegraph 1900; Northern Pacific pre-
ferred, seller three days, 7,c6C; Oregon Trans
continental $1,000; Canada Pacific 1000; St.
Paul, Minneapolis & Manitoba 900.
MINING srooEs.
Mining stocks very dull; Horn Silver sold at
7OO@675, Navajs 425g46Q, Northern Belle 425,
Standard Consolidated 5639575, Sierra Grands
los, North Belle Isle 57@5s. Sales for the day
1885 shares. Pipe Line certificates very dull
at 111HGNeH.