Daily globe., 1883-05-13

*Asked. IBID. tOfered. iEx. int.
EVENING REPORT.
Money 21S@4 per cent, closing offered 8
per cent. Irime mercantile paper 512@6
per cent. Sterling exchange, bankers bills
quiet but steady at $t.S3H; do. ex. demand,
$4.86%.
Governments-Irregular but in the main a
per cent. higher.
Bonds-Railroad bonds dull and featureless.
State Securities elected.
Stocks-The stock market showed decided
manifestations of manipulation by professional
spectators this morning. Itopened generally
fraction lower than the closing prices last night,
and continued steady up to about IL o'clock.
During the hour there were a good m1ny pur-
chases of broken lots of stock below 100 shares,
at prices fraction above the general market.
This is generally regarded as an indication of
buying by small outside spectators, and re-
fleets the improvement in the confidence of out
siders, but about IL there was an increase in
selling orders for larger amounts which seemed
to be concerted attack, and under which there
was sharp break of X@lH per cent. in the
general list. Within an hour after the announce
ment OF the bank statement, which was un-
usually favorable, the market became steady
and small fraction of the decline was recovered
by 1890 o'clock. After 1890 the stock market
became weak and declined H@1B per cent,
the latter for Louisville & Nashville to 481S, but
just before there was a partial recovery of
K@H per cent. and Louisville & Nashville "a
per cent. In the last hour the market was dull
but steady, with a small fractional improvement
in the stocks that experienced the greatest de-
preston during the earlier part of the day. The
market closed weak and at the lowest prices of
the day for number of stocks. As compared
with Friday night the market closed about 20
~ per cent. lower. The stocks that showed the
greatest decline to-day were Chicago, st. Paul,
Minneapolis & Omaha, Louisville & Nashville,
Delaware, Lacl1awanna & Western and Wabash,
st. Louis & Pacific, all of which were over l per
cent. lower. Opinions are greatly at variance as
| to what started the selling movement at IL a.
| m, there being intimations of compulsory un-
loading by one of the large operators, though
there are no definite facts upon which to base an
| opinion.
The Evening Post says: Inquiry in regard to
the damaging reports in circulation about Louis
vile q Nashville shows, upon what we believe to
! be trustworthy information, that company has
| now IN its treasury an amount of money and
| available funds equal to double the amount of
its floating debt; also, it is not behind, as re-
POIGeu, III any VI us pay aeHtS VI wages uue EN-
ployes and finally that its net earnings for ten
months to April 30 and for April, were in excess
of its fixed charges.
MINING STOCKS.
Mining stocks dull; Sierra Grande sold at 125,
Iron Silver 100000, Northern Belle 700@675,
Eureka 400, Chrysolite 10, Bodie los, Robinson
86@89 and Sonora Consolidated 40@37 Sales
for the day 42,3l0 shares; total for the week
| l75,056 shares. Bullion receipts at New York
for the week from mines, SIG, 400. Pipe Line
certificates very active and advanced from 925e
@94%.
The transactions aggregated 343, 900 shares
Central Pacific 10000; Delaware, Lackswanna &
Western $4,000; Denver & Rio Grande 13, ,OO0
Erie 1000; Lake Shore 81 200; Louisville &
Nashville $4,000; Chicago & Northwestern
5000; New Jersey Central $4,000; New Yorl
Central 5000; Northern Pac fc 5000; Phila
delphia & Reading 5000; Chicago, Milwaukes
& st. Paul $4,000; Texas Pacific 5000; Union
Pacific 81 1000; Wabash, St. Louis & Pacif,
600; East Tennessee, Virginia & Georgi,
5000; Oregon Transcontinental 5000.