St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-09
EVENING REPORT.

EVENING REPORT
Money easy at 1909 per cent. Prime mer
camille paper 5G6 per cent. Sterling exchange,
bankers bills quiet at $4.s2; do. ex. demand,
64.s4H.
Governments-Steady.
Railroad Bonds-Firm.
State Securities-Dull.
Stocks-The share market was weak and lower
during the latter part Of the day but dealings
were coufined to room traders. Canadian Pacific
was exceptionally strong and rose ga per cent.
to 4G56. The market continued quiet until after
o'clock, when Union Pacific and Pacific Mail
developed strength, advancing from SAX to So q,
and the latter from 53A to 54sG, the share mo
nopolizing the attention Of the operators to a
great extent. Pacific Mail was higher on pur-
chases by prominent capitalists and on a divi-
dend to be declared shortly, and the bears were
free buyers. Union Pacific and st. Paul, Min
neapolls q Manitoba broke from 91z to 81 and
rallied to s7H; Delaware IL Hudson dropped
from 89h to So; Chicago, st. Paul, Minneapolis
IL Omaha from 32H to 31@3lA, and preferred
from 941< to 92I D93; St. Paul, Minneapolis 81
Manitoba sold down a reduction of dividend
from to per cent. per annum, and Omahas
declined on an announcement of fresh issue of
stock by the company to cover new mileage re-
bad no effect on the stock. In final dealings the
4 arket strong, and compared with last
Sights closing prices show very little change,
Except for Canadian Pacific, Louisville g. Nash
vile, Pacific Mail and Union Pacific, which are q
az per cent. higher, and Delaware s. Hudson
New Jersey Central and Chicago, st. Paul, Min
neapolis & Omaha, which are IA 10 ga per
cent. lower. The governing committee of the
Stock Exchange listed 81 ,250, 900 of first mort.
mortgage bonds for the Fargo Southern Railroad
company, and 81, 900, 900 territorial mortgage 3
per cent. gold bonds. The Chicago Milwaukee
az st. Paul and Louisville & Nashville railroad
companies have issued circular to stockholders
offering s., 100000 6 per cent 1910 adjustment
bonds and 50, 900, 900 treasury stock. The offer
was made under agreement with the international
syndicate, which has contracted for all bonds
and shares not subscribed Tor by the company
stockholders, and the issue to be made stimuli
taneously in London and Amsterdam. The bond
issue will consist OF 5000 bonds of $1,000 each,
bearing interest in gold at per cent. per an
mum, coupons payable May list and November
LIST each year and repayable after forty years
with option to the company to redeem at any
time ut par after the expiration OF ten years,
the bonds to be dated October 2, 1884 The
stock consists OF so 900 shares now in the com
pany's treasury, TO be sold under authority OF
the stockholders meeting, November 1, 1854
the proceeds OF the present issue OF securities
with assets ia the hands OF the company, will
more than suffice to pay Off all the floating debt
of the company and leave considerable surplus
available capital reserve; by which arrange
ment the earnings OF the company will remain
available for distribution as the fact may war
rant. The capital stock OF the company is $50
900, 600, including S. 100000 treasury stock now
issued. Stockholders Of record October II, 1884
will have the privilege TO substitute for ten
shares OF treasury stock at 20 per cent for each
fifty shares standing in their name, and to 900
of six per cent. 1910 bonds at SO per cent; pay
ment in full will be required with each subscrip-
tion, and both stock and bonds viii be deliver
able November o, 1884. In case Of delay in en-
CRAVING OF the bonds, certificates OF the same.
countersigned by the central trust company, will
be temporarily issued. and subscribers and
stockholders desiring to avail of the privilege Of
subscription have right TO exercise il on or be-
fore October 10, next.
The transactions aggregated 172. 600 shares
Central Pacific 10000; Delaware, Lackawanna &
Western 1900; Chicago s Northwestern 90 .
0O0 Chicago, Milwaukee & St Paul "a 600:
Union Pacific $4,000; Western Union Telegraph
1900, and Northern Pacific $4,000.
MINING STOCKS
There was fair amount of business in mining
stocks to-day and the market maintains a firm
tone. Sales this morning included Bulwer al
30, California S7G39: the sale OF delinquent
stock Of this company took place to-day Con-
solidated Pacific i0O0l05, Chrysolite 100 Con-
solidated Virginia 25@s4, Central Arizona 90
Eureka $40, Horn Silver GA, Mexican 14O,
Standard i4o regular and $50 buyer 10, Silver
An.
this afternoon were: Iron Silver iiO regular
aud IO5 seller 80; Consolidated Pacific los,
Sierra Nevada Il5, au6 Durkin 81.