St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-17
EVENING REPORT.
GOVERNMENTS.

Money easy at 1914 per cent.
Prime mercantile paper 5HG6h per cent.
Sterling exchange, bankers bills weak at
E4s2A do. eI. demand, S4.84H.
Produce exports for the week, S8,5G6,OOO.
Governme Easier.
Bond.--Rarond bonds lower.
state Securities-Quet.
Stocks-Business was resumed at the Stock
Exchange this morning with u feyerish tone to
the market. Before II a. IN, however, mod
crate buying movement set in and there an
advance OF A@IH per cent, the latter for Della
ware, Lackawanna s. Western, which sold up to
1927. At midday the market became weak
again and continued SO until the last half hour
Of business. There reports affecting the
credit of a national bank, but the president de-
uied any truth in them. Rumors from the west
regarding railway meetings were Of an unfayor-
able character The bears, at times, made sharp
raids against coal shares, grangers and Union Pa
ciic. The decline in prices ranged from 40
"a per cent About $3.50 the market began TO
harden under purchases for short account and
rally Of A@1S per cent took place. Delaware
u Hudson, Delaware, Laclsawanna 81 Western,
Union Pacific, Lake Shore and Changers were
most prominent In the final transactions a firm
tone prevailed. Compared with last night the
closing prices are 14@1Z per cent. lower except
for Delaware, Lackawanna & Western and New
ork Central, which are lsO Il per cent. higher.
st. Paul IL Duluth preferred brought IS, an ad-
vance Of 10 per cent. compared with the last
previously reported sale, and st. Louis San
Francisco preferred SO, decline Of 6% per
cent.
The Eceninq Post has the following in its
financial column: Mr.. Smithers, the expert sent
over to examine into the condition OF Louisville
b.lu P,F hold
ers, has completed his work satisfactorily and
gone home We understand, on what seems TO
be trustworthy authority, that a syndicate OF
bankers has been formed who will take whatever
amount Of the s., 0O0,0O0 bonds may be left after
The stockholders have subscribed. One Amster-
lam banking house is reported ready to take
81 ,O00, 600 and the remainder will be provided
Tor in the same way, the price 10 be 40 for the
bonds, with equal amount for preferred stock.
The company have had offers for all the bonds
at this price by bankers who wanted 10 per cent.
commission, but who refused to pay over l01 X.
The earnings, though showing a small decrease
in gross from last year. show gain in net rs the
result OF more economical management. II is
reported by private cables from London that ia
consequence Of the failure OF the foreign
curity holders OF New York, Lake Erie y West
ern TO advance money TO pay of the company
floating debt, MIR. King Is expected To take
charge OF the New York, Lake Erie & Western
as receiver, but not as president.
Tho transactions aggregated $4,000 shares:
Delaware, Lackawanna & Western ID, 900;
New York. Lake Eric n Western 10000;
Missouri, Kansas Il Texas 10000; Lake Shore
~ 900; Chicago a Northwestern $4,000; Chi
CHgo, Milwaukee & St Paul $4,000; Union Pa
cidc 10000; Western Union Telegraph 10000;
Northern Pacific 10000.
MINING STOCKS.
The mining market somewhat more active
to-day Consolidated Virginia sold at 2@921,
Eureka {, Horn silver 8 California IS, Green
Mountain l75. Ophr 1870, State Line, Nos. and
= at O5, Union Consolidated 120 and Consoh-
~