St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-27


Money easy at 2@2H per cent, closing
IL. Prime mercantile paper 4@5K per
cent. Sterling exchange, bankers bills steady
al Sf.S72i do. ex. demand, S4.S91S.
Govemments-Strong.
Unconstitutional bonds irregular; Denver &
Rio Grande frsts fell off to 1O4H.
State Securities-Inactive.
Stocks-The stock market opened irregular
but soon developed strength and prices rose 20
Il per cent, the latter for New Jersey Central,
which sold up to SOA. Philadelphia & Reading
advanced to 431s, Canadian Pacific to AZ, Chicago
& Northwestern to 1141s, Chicago, Milwaukee &
St. Paul to $40, Lake Shore to 96S, Missouri
Pacific to 50, Missouri, Kansas & Texas to 16A
New York Central to 11414, Northern Pacific pre-
ferred to 471a, Oregon Transcontinental to Is 4,
Pacific Mail to 46, Union Pacific to GS and West
ern Union Telegraph to 662l. Near midday there
was considerable pressure to sell Changers The
selling movement in these stocks continued I'M
til nearly 2 p. m, Chicago " Northwestern break
ing from Han to 111a, Chicago Milwaukee s.
st. Paul from "a to 80, Chicago, st. Paul, Mime
apolis & Omaha preferred from 95 to 92H, Chi
cago, Rock Island s. Pacific from 1194 to 1851
regular and to 11S seller ten, and Chicago, Bur-
lington 81 Quincy from 1919 to 1909 The
break was due to rumors that the Tripartite as
ISOLATION had been disrupted Later in the day
this report was pronounced to be without founda-
lion. 1t was also reported, but subsequently, de-
MED, that parties had sold Chicago & Northwest
ern in anticipation of the proposed issue of Chi
cage u Northwestern stock to take up the secur-
tiles of the Blair system of roads, to be voted on
at the Chicago g. Northwestern stockholders
meeting June 26. After o'clock Oregon Trans
continental became active and rose ga per cent
to 1SA on reports that the lease of the Oregon
d California road was likely to be abrogated
This checked selling in the remainder of the list
and Chicago 4 Northwestern rallied to 112 Chi
cago, Milwaukee & st. Paul to S2A Chicago St.
Paul, Minneapolis Il Omaha preferred to 93a<
Canada Southern to 4S%, Canadian Pacific to
461a, Lake Shore to 90, Missouri Pacific to 49,
Western Union Telegraph to 66S and Union Pa
ciic to 67A. Northern Pacific rose to 81 q, pre-
ferred to 475s and Philadelphia & Reading to
43S The market left off steady. There was
good borrowing demand for stocks during the
day. New Jersey Central lent at 1-16@h, Phila-
delphia 6 Reading and Union Pacific 1-64@1- 80
and New York Central 1-64 per cent. per diem
for use.
The transactions aggregated 440,0 900 shares:
Delaware, Lackawanna & Western $4,000;
New York, Lake Erie & Western $4,000;
Lake Shore $4,000; Missouri Pacific 1000;
Chicago & Northwestern "a, 900; New Jersey Cen
trail 5000; Philadelphia & Reading SO, 900; Chi
cago, Milwaukee & st. Paul $4,000; Union Pa
cifc $4,000; Western Union Telegraph 25 600;
Oregon Transcontinental 2S,OOO Northern Pa
cifc IL, 600; Canadian Pacific 1000.
MINING STOCKS.
There was fair degree Of activity in the min
ing market and prices steady except for Sierra
Nevada and Sutro Tunnel, which were weak, the
TO rmer having declined to 40 and the latter to
~. Bodie also lower at 425. Belle Isle
firm at 3S, Bulwer IS, Rappahannock II, Union
Consolidated 1856, Breeze 30, Oriental s. Miller
10, Sonora 06 and Silver Cliff OF.