St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-07
INANCEAL.
NRW York.

NEW YORK, Dec. 6.-Money on ca, itU.ive
at 5@l5 per cent, closing at asked. Prime
mercantile paper 405. Sterling exchange
quiet but steady at S4.S0s4 for sixty day bills
and S4.S33z for demand. Government bonds
were dull and steady to firm. State bonds
were dull and steady. The stock market,
while again extremely active. was somewhat
errAtic in its movements and some half dozen
stocks monOpO Lied the major part of the in
terest. London was a moderate buyer eSpe-
ciall' in the early hours its favOrite being
the Pacific roads, st. Paul and Wabash. the
market exhibiting its usual strong undertone
until the last hour. Canada southern was
one of the special features and was
remarkably strong up to p. IN.
There was heavy inside buying,
though the movement was somewhat
of a mystery to the street. Reading in the
last TWO hours became active and strong.
though the advance made was entirely wiped
out later. Runners were circulated of prof.
ab purchase OF the East Tennessee b. the
Norfolk & Western company. and the trading
in the stocks of both these companies was
Wabashes were strong early in the daY on
large foreign buying. though they sagged off
toward the close. The remainder of the list
were moderately steady to firm until the last
hour. when they yielded under the pressure
brought to bear by the professional oper-
strong. advances over Saturdays final prices
ranging from 1s9$4 per cent. generate, while
Can da Southern WIS up rs. The general
mark in the early trading was somewhat
feverish, although there was little movement
in prices except in Canada Southern, Union
Pacific, st. Paul and the East Tennessee,
which were joined later by Norfolk We t
ern. The upward InOven'e It in the lew
stocks which were strong. continued until
about 1850 2. IN. Louisville s. Nashville,
Lackawanna and Jersey Central sharing in
the rise In the last hour. however. drive
at the general market carried prices down
sharply, and after Il fractional rally. it closed
weak in many cases ut the lowest figures
reached. Sales, $40 1856: Reading furnished
II. 500; Norfolk & western preferred, 1880;
Canada Southern. 81 100; Erie, 30,255, and st.
Paul sc. 600 shares. Final changes are, with
but few exceptions, in favor Of lower prices,
and Richmond & West Point lost ~:
Northern Pacific preferred and western
Union each IL, and New England /.
Cameron coal is up "a, Canada Southern 23s,
Norfolk & Western IA. Railroad bonds were
moderately active; sales. S2,l5t00O; Erie
2is contributed 1913 $40 and Nj excl Plate
$264.0O0. The market was generally firm to
strong early in the day, tho ugh it weakened
in the afternoon. Buffalo. New York and
Philadelp hia lists rose to II, and Trust re-
ce;pts 2 TO Il; Houston Texas IDS, to SO;
Indiana, Bloomington Western lists, 1875 TO
81. The total sales of stocks to-day were &c.,,
335 shares, including:
Canada south - 100 North. Plc.... $500
Del Lack & W 1910 Pacific MALL. II. no
Den. 6 RIO Gre. 5. 100 Reading. Il. 500
Erie ........... 30,51S St. Paul. 80. 900
Kan a. Tex. S.575 Texas & Pacific. 1888
Lake Shore. ..l3 453 Union Pac ..... 20. 400
Louis. q Nash. - Z .j65 Western Union. %. 260
Mich. Central. 4, 5lJ Wabash Pac.... S.125
Northwestern. $50 North. Pac. pre-. 3.002
N. J. Cent. u 3S5 Oregon & Trans. 1885
New York Gen.. 1910 Hooking Valley IL, G05