Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-08-30
EVENING REPORT.

EVENING REPORT.
Money market easy at 2@3 per cent.
closing offered at 2 per cent. Prime mercantile
paper 515@615 per cent. Sterling exchange
bankers bills quiet at S4.S2; do. ex. demand,
$4.85%.
Governments-Lower for coupon tours anC
one-half and threes.
Bonds-Railroad bonds irregular West Shore
first lower at 691E, and Denver Consols higher
at so bid. The former subsequently raised tc
7035 bid.
State Securities Dull during forenoon.
Stocks-The market was again considerably
unsettled, but the general range of prices were
higher than yesterday. Between 1890 and
p. m. prices again became lower. In the last
hour the market generally was lower, the de
cline being 4@T per cent. on the general list
with per cent. on Northern Pacific preferred,
Louisville & Nashville and Michigan Central
II per cent. on New Jersey Central, and 2 pei
cent. on Oregon Transcontinental. In the last
hour Oregon Railway & Navigation Company
sold for 129, against 100 earlier in the day.
Roam traders were conspiciously sellers,
having discovered there were no supporting
orders on the board. The depression in Van
derbilt is due to the rumors that the dividends
on Lake Shore and New York Central are to be
reduced to 6 per cent. per anuum. As compared
with last nights close prices are down A@2
per cent, except for Central Pacific,
Chicago, Burlington & Quincy, Chicago & Alton,
Chicago, Milwaukee & st. Paul, Chicago, Rock
Island & Pacific and Erie preferred, which are
1S@T percent. higher. In specialties Boston
Air Line, second, rose l per cent. to 81,
Memphis & Charleston per cent to 36, Metro
politan Elevated 2% per cent. to 91sl, Pullman
Palace Car per cent to 1877, Quicksilver pre-
ferred l per cent to 81, Richmond & West Point
term to ~ per cent. to 80, New Jersey Central
fat to 1872 per cent, New York Central fat to
cent. for carrying. Commission houses report
a better inquiry for stocks from small investors
small lots are being taken and paid for.
The Evening Post says: The general range in
the market to-day is lower than yesterday
The speculative element in the market is that
which buys or sells to catch immediate fuctua-
tons made from day to day by manipulators
and false reports and is still mainly on the best
side of spectators who buy and sell from hour
to hour, still exercising their ingenuity mainly
in causing depressions of first one stock and
then another. But aside from this there is a
gradual though moderate absorption Of STOCKS
the daily fluctuations of prices. OF course this
class of investors will not be large as long as
the spectators keep prices depressed, but low
that crops generally are secured, except the
corn crop, which seems to be reasonably GER
tain to be larger than the average of last year,
it is probable buying stocks of foreign invest
ment will increase till its effects will be felt in
the daily market.
The transactions aggregated AS, 900 shares
Delaware, Lackawanna & Western LOG, 000
Denver & Rio Grande 10000; Erie 5000; Lake
Shore $1,000; Louisville & Nashville $4,000
Chicago & Northwestern 5000; New Jersey
Central 10000; New York Central $4,000
Northern Pacific $4,000; Texas Pacific pre-
ferred $4,000; Philadelphia g. Reading $4,000;
Chicago, Milwaukee & St. Paul "a, 900; Texas
Pacific 1000; Union Pacific $4,000; Western
Union Telegraph 1000; Canada Pacific 5000
Oregon Transcontinental 81 900.
MINING STOCKS.
Mining stocks very dull; Horn Silver sold
at 700, Silver King 668, North Belle 625@613
Eureka 688, Standard Consolidated 550@538
Coin Silver 305, Chrysolite 100, Sierra Grande
110@120, Little Chief 56@62 cents, Robinson
Consolidated 54@52 cents and Sonora Consoli.
dated 1927. Sales for the day 28,435 shares.
Pipe Line certificates dull at 1061@104L
closing on call at 1865.