Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-04

EVENING REPORT.
Money market easy at 21l@3 per cent.
closing at 81 per cent. Prime mercantil
paper 6@7 per cent. Sterling exchange
bankers bills weak at $4.S1%; do. ex. demand
| S4.851S.
Mining stocks dull; Horn Silver sold q
7l3, Iron Silver 800, Little Chief 60 and "
cents, Sierra Grand SO cents, Consolidated
| Virginia 4l639 cents, Harlem 97@S5, Robinson
Consolidated 3S. Sales for the day 37,39'
shares. Pipe Line certificates dull at 1880
1889, closing on call ll41.
Governments-Weak, the 4]9's and As x
lower on the bidding prices.
Bonds-Railroad bonds declined in sympatb,
with weakness in share speculation. West Shore
first went down to "a.
State Securities Arkansas and Rec
River issues brought ~. This was bear day a
the stock exchange.
Stocks-In early trading there was important
decline followed by slight rally in the afternoon
Prices fell off rapidly and the lowest figures fol
some time for many shares were current
Northern Pacific declined ~ per cent. to 8!%
preferred per cent. to COZ, Oregon Transcon-
tnental 3% per cent. to 1879, the lowest figures
ever touched, Chicago & Northwestern ! Is pei
cent. to 122, preferred l per cent. to 145
Chicago, st. Paul, Minneapolis & Omaha 23S
per cent. to 36M, preferred ~ per cent, to 977s.
and Chicago, Milwaukee & st. Paul e per cent.
to 101. In other active shares the decline was
from a to 136 per cent, Kansas d Texas
and Texas Pacific suffering most. The market
generally closed at the lowest point of the day.
The weakness was credited to manipulation by
the bear syndicate, which is strong one and to
absence of supporting orders. The break in
Chicago, St. Paul, Minneapolis & Omaha is due
to reports that the company will issue new stock
to cover mileage. 1t is started sharp
decline in Oregon Transcontinental
was occasioned by forced sale of
round amount of stock. The bears also report
ed that the Gould party had joined their ranks
and pointed to the decline in Kansas & Texas and
Texas Pacific. In specialities the st. Lenis &
Pittsburg dropped per cent. to IS, Houston &
Texas to IS, Memphis & Charleston per cent.
to 40, Minneapolis &c st. Louis ~
per cent. to %, Ohio & Mississippi ~ per cent.
to 291, Oregon Navigation ~ per cent to 1885,
Peoria, Decatur & Evansville IS per cent. to Is,
Pullman Palace Car 1 per cent. to 1913, and
Richmond & Danville ~ per cent. to Sc.
Alton & Terre Haute preferred sold at 81, de-
cline of 1115 per cent. compared with last
previously. reported sale before to-day stock
opened at SIS. This morning Western Union
Telegraph was we'll sustained until near the close
when it touched 1879, the lowest of the day.
Stock opened at SO5S@s0M and ranged between
500 and a0I through the greater part of the
day. Rumors of fresh iron failures were freely
used by the bears against share list. The bears
also circulated report that the Pennsylvania
Company has decided to resume the practice of
paying commission to ticket agents, which it was
claimed was almost equivalent to notice that
rates will not be maintained in the future. There
was no lack of other rungTs to aid decline in
prices. The Atchison, Topeka & Santa Fe
Railroad Company to-day declared a dividend of
$I.50 per share, payable November 18th. The
books close on Oct. 18th and reopen Ctt. 22d.
The transactions aggregated 400, ~ shares:
Central Pacific 5000; Delaware, Lackawana &
Western $4,000; Denver & Rio Grande 5000;
Erie 81 900; Kansas & Texas 5000, Lake Shore
$4,000; Louisville & Nashville 10000; Michigan
Central 5000; Chicago & Northwestern 1900
New York Central 5000; Northern Pacific 35,-
600; do. preferred $4,000. Philadelphia & Read
ing $4,000; Chicago, Milwaukee & st. Paul co.
600; Union Pacific 5000; Western Union Tele-
egraph 5000 Oregon Transcontinental $4,000.