St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-05
GOVERNMENTS

Lake Shore . 1O4% United States. >. SO
Lville & Nash... 511s Wab., st. L. & P. 1G
L., n. A. & c.. 18 do preferred. 277s
NJ. &. G. 1st pfd. 10 Wells & Fargo. lilo
do I'd pref'd... West. Union t.. 1875
Memphis & Co.. "a Quicksilver 80.
Mich Central. 90 do preferred. :. "a
Minis & St. L.. 1GH Pullman Pal Car. 1925
do preferred. 80 c., St. L. & Pitts. 81
Mo. Pacific. 915s do preferred. %
i*Asked. IBID. 4ofered. lex. int. SEX.
div.
EVENING REPORT.
Money easy at 1902 per cent, closing at
Prime mercantile paper 41514 percent Ster-
ling exchange, bankers bills steady at $4.s62l {;
do. ex. demand, $4.89A.
Produce exports for the week, S5,o46,O00.
Governments-Steady.
Bonds-Railways firm.
State Securities-Georgia gold bonds rose to
114R, Missouri 6s of $50 sold at 106, of 'S7 al
107 and of '89 at 112.
Stocks-The share market to-day oped strong
and higher, the strength being due to the belief
that railway troubles west would be fixed up and
on adyices from Chicago that the Northwestern
traffic association had been continued until
March 10. All leading shares were in active
borrowing demand, and Union Pacific lent at Is
on per cent, Michigan Central at x, Louisville
q Nashville at ZIG, Delaware, Lackawana &
Western at 1-32@1-16, Northern Pacific pre-
ferred fiat at q, New York Central and St. Paul
at "a, and Lake Shore fat The feature was
the difference in some of the other stocks, cash
and regular, this difference was 1905 in Mich
fgan Central, st. Paul, Northern Pacific pre-
ierred, Delaware, Lackawanna s. Western and
Louisville & Nashville, there was also difference
of 3s@M in st. Paul and Union Pacific, and e
the advance in prices ranged from l1@2H on
the latter, the latter on Manitoba which sold up
from 95 to 97H. Union Pacific was favorably
affected by reports from Boston that the annual
statement will show balance above per cent.
dividends of $4,6O0,000, equal to a. 2 per cent.
on stock against surplus in 1882 of So $751;, 900,
or equal to 1871 per cent. Louisville & Nashville
was prominent feature in the market, and ad-
vanced on outside buying induced by the recent
court decision. Changers were buoyant for a
time on favorable reports early in the day in re-
gard to the western railway situation and also on
increased earnings reported to-day for the fourth
week and month of February. There was less
excitement and activity in Delaware, Lackawana
& Western, although the stock fuctuated fire.
quently. All Vanderbilt stocks participated in
the improvement and were conspicuous in deal
ings. Late in the afternoon it became apparent
to room traders and bears that there had been
some realizations at the extreme advance of the
day, and in the last hour of business they raided
the market, using an announcement of cut in
rates ordered by Atchison, Topeka & Santa Fe
railway; to accelerate decline, prices fell off Z
@91H, except Manitoba, which dropped 2H
to 95, compared with last nights close
Chicago, Burlington 6 Quincy is 2 per cent
n
and Omaha preferred each; Lake Shore q
lower, Erie e, Northern Pacific /, and Western
Union Telegraph q lower; New Albany g. Chi
cago rose from 21s to 20h ; 200 shares of Uuion
Pacific preferred was bought in under the rule,
on account of Van Dyke g. Williams, aud 100 St
Paul and 100 Lake Shore on account of A B.
Stockwell
Stocks were lower this afternoon on announce
ment that Santa Fe had cut Colorado rates again,
and prices declined 4 to IL St. Paul, Mime
apols & Manitoba declined 2I to 90, Chicago s.
Northwestern fell off to 1194, ST. Paul 912 ,
Lake Shore 1885, and Louisville 6 Nashville
49B; 100 shares of st. Paul and Northern Pacific
preferred were bought in under rule. The mar
ket closed about steady.
The transactions aggregated All 900 shares:
Canada Southern 10, 900; Delaware, Lackawanna
& Western $4,000; Erie II 900; Lake Shore
$4,000; Louisville g. Nashville $4,000; Michi-
gan Central 5000; Missouri Pacific 1000 ;Chicago
& Northwestern $4,000; New York Central
5000; Pacific Mail Il, 200; Philadelphia & Read
ing $4,000; Chicago, Milwaukee & St. Paul
$4,000; Union Pacific 41,000 Oregon Transcon-
tinental 75, O00 Northern Pacific $4,000.
The Post says: 1t is apparent that the ex-
perience of the past two business days has
changed the tone of the market furry on Della
ware, Lackawanna g. Western, and it is now
known to have been caused as much. by alarm
bears as by any purpose to squeeze them. 1t
has also developed fast that the general market
has been more largely oversold than was gener-
ally suspected.
MINING STOCKS
There was little of Importance in the mining
market during the morning, the volume of bust
ness was small and the tone rather weak with
prices lower Sales included: Robinson 32@
80, FatherDe Smet 26O, Harlem o6, Sonora COG.
Chrysolite SO, Horn Silver So, Sierra Grande 80.
Decatur OF, Eastern Oregon O8 and indie
pendence 3d. Market dull in afternoon. Sales
were Belvidere at 65, Bonanza King 1000, Sonora
O6 and Rappahannock II.
BOSTON RAILROAD AND MINING.
Old Colony. 1884 Bos.. H E. 7s...
Rutland pfd...... 10 do 4Rs........111B
Allouez Mine Co. 11s K.C.St.J &C. B.7's -
Calumet & H.. .239H n. Y. d n. E. rs. 99Gs
Catalpa.. 35 Atch.& Top. r. 1888
CopperFalls..... 80. Bost. & Albany. 49,.
Franklin. -. 119s Bost. g Maine ISL u
Pewabic 80. -. IA c., B. .124@
q O. <N1--