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

Money easy at 1917 per cent.
Prime mercantile paper 5h0eH per cent
Sterling exchange, bankers bills weak at
E4S2A; do ex. demand, S4.S4A.
Produce exports for the week, S8,5CG,0O0.
Governments -Easier.
Bonds--Rairoad bonds lower.
State Securities-Quiet.
Stocks-Business was resumed at the Stock
Exchange this morning with feyerish tone to
the market Before II a. m, however, mod
crate buying movement set in and there was an
advance OF 4D1h per cent, the latter for Della
ware, Lackawanna 81 Western, which sold up to
102%. At midday the market became weak
again and continued SO until the last half-hour
Of business. There were reports affecting the
credit Of u national bank, but the president de-
uicd any truth in them. Rumors from the west
regarding railway meetings were Of an unfavor-
able character. The bears, at times, made sharp
raids against coal shares, grangers and Union Pa
ciGc. The decline in prices ranged from 40
81 per cent. About 2 80 the market began to
harden under purchases for short account and
rally of AQl1S per cent. took place. Delaware
& Hudson, Delaware, Lackawanna & Western,
Union Pacific, Lake Shore and Changers were
most prominent. In the final transactions n firm
tone prevailed Compared with last night the
for Delaware, Lackawanna & Western and New
York Central, which are 1s@B per cent. higher.
ST. Paul * Duluth preferred brought rs, an adj
vance Of 10 per cent. compared with the last
previously reported sale, and st. Louis & San
Francisco preferred So, decline Of Ga per
cent.
The Ecening Post has the following in its
financial column: Mr.. Smithers, the expert sent
over to examine into the condition OF Louisville
y Nashville in behalf Of the foreign stockhold-
ers, has completed his work satisfactorily and
gone home. We understand, on what seems to
be trustworthy authority, that syndicate Of
bankers has been formed who will take whatever
amount OF the S. 900, 900 bonds may be left after
the stockholders have subscribed. One Amster-
dam banking house is reported ready to take
81 600 900 and the remainder will be provided
for in the same way, the price TO be 10 for the
bonds, with equal amount for preferred stock
The company have had offers for all the bonds
ut this price by bankers who wanted 10 per cent.
commission, but who refused to pay over l0I =.
The earnings though showing small decrease
In gross from last year, show gain in net as the
result OF more economical management. IL IS
reported by private cables from London that in
consequence of the failure OF the foreign Sc
curity holders OF New York, Lake Erie IL West
ern to advance money to pay of the company ;
floating debt, Mr. King is expected TO take
charge OF the New York, Lake Erie & Western
As receiver, but not president.
The transactions aggregated $4,000 shares:
Delaware Luckawanna & Western "a 1000;
New York, Lake Erie 81 Western 10000;
Missouri, Kansas 81 Texas 10000; Lake Shore
$4,000; Chicago n Northwestern $4,000; Chi
cago, Milwaukee & st. Paul 10000; Union Pa
ciGc 10000; Western Union Telegraph 10000 /;
Northern Pacific 10000.
MINING STOCKS.
The mining market was somewhat more active
to-day. Consolidated Virginia sold at 22O2t,
Eureka /, Horn Silver =, California SIS, Green
Mountain i75, Ophir 100, State Line, Nos and
? at O5, Union Consolidated 100 and Consoli-