St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-21

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AFTERNOON REPORT.
Money easy at 1909 per cent. on call. Prime
mercantile paper 4@5l per cent. Bar silver,
e1.115l. Sterling exchange quiet; S4.s5A long,
S4.s9 Sight.
BANK STATEMENT
Loans, decrease. ACKNOWLEDGEMENTS ,o96,0 900
Specie, decrease. OBSERVATION-DISCLOSURES. S.113,OO0
Legal tenders, increase. ............ 1,14l,O00
Deposits, decrease .-..-....-..... S'o9l'O ~
Circulation, increase. ...,........... 1@9.00O
Reserve, decrease. ..... 100000
The banks now hold S2,567 900 in excess OF
legal requirements.
GoyeTRments-steady except threes, which are
@'percent. higher.
State Securities Unchanged.
Unconstitutional bonds firm; New York Lake
Erie & Western new seconds and Denver q no
Crande consolidated exceptionally weak.
Stocks-Weak and lower and lost the early
improvement Missouri Pacific declined 4 per
cent TO 819S. Specie shipments to-day g. $751;
COO. Union Pacific was greatly depressed this
afternoon. It touched G6% against 7025 earlier
in the day. One trader sold nearly 10000 shares.
1t was stated the Chicago, Burlington & Quincy
would have a line in operation to Grand Island
within thirty days Philadelphia & Reading and
the coal shares were weak on runlors OF trouble
ct the Pennsylvania mines. Chicago, Burlington
q Quincy sold ex. rights at 12t%. AS high as Z
per cent. was paid for the use OF stock. Cana
dian Pacific broke to rs. The general market
was 1z91 per cent. lower and closed weak.
EVENING REPORT.
Money easy at 1902 per cent
Prime mercantile paper 4Q,5k per
cent. Sterling exchange, bankers bills steady
al S4.S7H; do. eZ. demand, S489H.
Goyemments-Quiet
Bonds-Railroad bonds weak; New York, West
Shore 81 Buffalo iyes broke from 545l to 52H.
State Securities-Dull
Stocks-The stock market opened generally
small fraction higher for the majority Of active
stocks, Missouri Pacific being g per cent. higher
IN the frstffteen minutes there was further
advance of 4s@76 per ent., bat from 10 Is until
about Il As or near u the market was dull and
dropped gradually, becoming weaker under some
hsnmering Of trading. Shortly after 1880 the
bears attacked Union Pacific and started o report
that owing to the decrease in earnings, it would
pass the next dividend. This report was en-
phaticaly denied by the Union Pacific officials
but before the denial became known the raid had
gathered strength and the price Of Union Pacific
.xas depressed y per cent. to 672s. BY O'Clock
other stocks were also raided to q limited extent
and the decline became general, though not so
important in any cases. Besides Union Pacific
and Canadian Pacific, which under raidiug de-
clned per cent to 4S5S, were Ohio 50 Mississippi
2 to 1871, Canada Southern 4 to 491l, New Jer-
sey Central to 844, Delaware, Laekawanna 6
Western g to 1897 Missouri Pacific 8 to sos,
Louisville & Nashville z to 4GI, Chicago, bill
waukee u st. Paul q to s51s and other stocks
a7s01k per cent. Canadian Pacific was exception
ally weak and declined 80 to 4s, recovered to 80
and fell back to 40. In the last hour the decline
continued and prices fell steadily without
action until the close which was generally at the
lowest prices OF the day. The general result Of
the days trading was governed by the attack
made upon the market in the afternoon. All
active stocks on the list with the exception of
Northern Pacific common and New York Central
closed lower than last night Union Pacific,
which was the leading feature, was traded in to an
extent of over 100, coo shares and shows decline
for the day OF e per cent The other declines
We're: Canadian Pacific II per cent, Denver 8
Rio Grande l. Missouri Patifc (, Philadelphia &c
Reading / q, Chicago, Milwaukee 8 st. Paul 3,
Chicago st. Paul, Minneapolis q Omaha common
/ z and preferred / q other declines less than
per cent. Application has been made to the
Stock Exchange to list S10,00OO0O Louisville g
Nashville collateral trust bonds dated March l.
1882, aud duein 1929. The bonds bear per
cent. interest," have a sinking fund and are con
vertible into common stock These bonds were
negotiated year !esmore ago. The New York,
Lake Erie & Western also applies TO list $780,,
900 collateral trust bonds bearing per cent. in
terest.
The transactions aggregated $4,000 shares:
Central Pacific 5000; Delaware, Lackawanna &
Western $4,000; New York, Lake Erie 6 Vest
ern $4,000; Lake Shore 1900; Louisville g
Nashville 5000; Missouri Pacific $4,000; Chi
cago & Northwestern 5000; Pacific Mail 5000;
philadelphia & Reading A coo; Chicago, NFiwau-
kee & ST. Paul $4,000; Union Pacific $4,000;
Western Union Telegraph $4,000; Northern Pa
cifc 11,00O; Canadian Pacific 5000; Oregon
Transcontinental 5000.
MINING STOCKS.
Mining market practically neglected. Hall
Anderson sold at 1S5, Belle Isle IS, Green Noun
tain POS, Breeze %, Iron Silver 90 seller thirty,
IS seller sixty and 80 regular, Leadyille IS and
Sonora .07c.