St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-26
EVENING REPORT.

EVENING REPORT.
Money easy at 101H per cent.
Prime mercantile paper 5l96H per cent.
Sterling exchange, bankers bills firm at $4.s2A
do. ex. demand. S4.S4X.
Goyernments-Firm.
Railroad Bonds-Firm.
State Securities-steady
Stocks-At the Stock Exchange to-day the
market opened strong and higher on an an
nouncement from Chicago that the representa-
tiyes of the western and southwestern roads had
settled their differences, and on statements that
the presidents of the trunk lines had authorized
their general managers and vice presidents to
consider and agree upon plan for the settle
ment Of all differences and report Tuesday next
when the matter will be acted on by the pres-
dents. This brought about buying movement
and prices rose HQ1h per cent, Chicago %
Northwestern, Chicago Milwaukee g. St. Paul,
Pacific Mail, Northern Pacific preferred, Lake
Shore, Missouri Pacific Union Pacific Chicago,
Burlington Quincy and Western Union Tele
graph being most prominent in the advance.
After midday New York Central was ralded
down ~ per cent. to 81 on reports that insiders
were selling and that there to be a fresh
issue OF bonds, the last mentioned rumor being
being repeatedly denied by officers OF the com
pany. This break brought about decline Of
A@1H per cent. on other active shares, but
subsequently selling was checked by the delara-
ton of the quarterly dividend of 4 per cent. by
the Lake Shore directors. In the afternoon the
market cut away from New York Central, which
continued weak, while the rest OF the list was
strong. There was active inquiry for Chicago
q Northwestern, Chicago, Milwaukee & St. Paul,
Delaware, Lackawanna & Western, Northern Pa
cifc preferred. Union Pacific, Western Union
Telegraph and Pacific Mail The floating supply
Of the leading shares has been reduced and
some stocks are scarce. This Is reflected by the
lending rates, which are lie per cent. for Della
ware, LackawaGna Western, 1-3261-16 for
Missouri Pacific, 1-64t1-32 for New York Cen
trail and Union Pacific, 1-o4 for Michigan Central,
1-12s@l-64 for Northern Pacific preferred, 1-l2s
for Lake Shore, Chicago Northwestern and
Chicago, Milwaukee st. Paul and fiat for New
Jersey Central, Philadelphia 81 Reading, L. i
s. n. and Chicago Burlington & Quincy. Pa
cifc Mail was higher on announcement that the
export movement OF provisions to China is as
snming large proportions account of the war
The compAny's steamer San Pablo, which sailed
to-day, had n full cargo. Union Pacific was
strong throughout on comparatively light offer
ings. The recent report OF President Adams
and semi-oficial statements OF the financial con-
ulton OF the company continue 10 show marked
improvement which induced purchases for long
account. Louisville 3 Nashville broke TO 1854
on rumors that the funding negotiations were
OF, but later rallied slightly on an official denial
OF the report. In the afternoon advance Union
Pacific sold up to 81. Chicago & Northwestern to
S9A, Chicago, Milwaukee & ST. Paul to So Della
ware Lackawanna 4 Western to i09S, Chicago,
Burlington 4 Quincy to 1slA Lake Shore to 20,
Missouri Kansas & Texas TO I'm Northern Pa
cifc preferred To 43H, Pacific Nail to 81 and
Western Union Telegraph to 6S9i. At the close
New York Central declined to 94A, but other
wise the market was strong. Compared with
last night the closing prices are A02Is per
cent. higher except for Louisville Is Nashville
and New York Central, which are u o. per cent
lower.
The transactions aggregated $4,000 shares
Delaware, LsckawSnnE & Western %, ZOO !;
Lake Shore $4,000; Chicago & Northwestern
$4,000; New York Central SO, 600; Chicago Mil
waukee & ST. Paul $4,000; Union Pacific % 600 /;
Western Union Telegraph 10000; Northern Pa
Cidc preferred 20, 600.
MINING STOCKS
There WAS 4 moderate buauess in mining
stocks and the market ruled arm. The sales iu-
cluded California at 35G3l Consolidated Yir-
gina at 26G253s9, Central Arizona ~, Climax
2, Eureka S45, Hale & Norcross $40, Little Chief
sS Sutro Tunnel Il seller thirty and thirty-one
aud lS buyer sixty, Sierra Nevada $40, Union
Consolidated I2O, Navajo sos and Breeze %