St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-01

New Ork.

NEW YORK, Nov. 30.-Money on call active
at SOLO per cent, closing ut asked. Prime
mercantile paper 415. Sterling exchange
dull but steady and unchanged Government
bonds were dull and heavy. State bonds
were quiet and firm. To-day was another
extraordinary day at the stock exchange. the
recorded transactions running up beyond
anything ever known before. There WAS
great excitement, and prices rose RAPIDLY in
the morning, but the advance culmlHated
shortly after noon, when something very like
a stampede occurred. Prices fluctnated VIC
lently, and the transactions were simply enor-
NOUS Money was again manipulated up TO
10 per cent, and the room traders. by raiding
every weak poiut, materially aided the de-
cline. Reading was again the most important
stock on the list, and its sales exceeded even
Saturdays long total. The street believes
that large interests, including Lon
don, have been caught short of
this stock, and though heavy
purchases have been made for both sides of
the account, il is thought that the outStand-
ing short interest is still very large. The
other coal stocks, especially Jersey Central.
were features of the day. The latter was ad-
vunced in the morning upon the renewed
confidence that the Baltimore Ohio would
carry out it's contract. The Southwestern
stocks, particularly Texas Pacific and Kansas
& Texas, attracted much attention and
Western Union was very largely traded in.
Union Pacific was the next favorite after
Reading upon rumors from Washington of
favorable developments TO the company. The
Changers, with the exception of ST. Paul,
were quiet and comparatively stationary, as
were also the trunk line shares The open
ing was strong first prices generally showing
advances over last evenings closing
figures of from "A to %. A few stocks, how
ever, were small fractions lower. Business
was extremels active but prices sagged on
little in the early trading. New England being
specially weak. The entire market however,
soon became strong, Jersey Central and IN
ion Pacific making the largest advances.
Reading became suddenly more active and
strong after II o'clock. but the upward move
ment eliminated before l p. m, and q gem
eral decline followed in which all the strong
stocks of the morning were Noticeable. A
fractional rally was followed by another de-
cline break in the last hour, and the market
finally closed on rally feverish, excited and
irregular. Sales g0I,ST7 shares, of which
Reading furnished SO, 465. Union Pacific 49,
lS6. Texas Pacific $1,000, Western Union So
$50, JERSEY Central 1921 and Kansas 4 Texas
3035. Notwithstanding the large advance
for the day up to q. IN. in many stocks. not
single one on the active list records
net advance for the entire day.
Chattanooga, however, is up per cent.
Richmond & West Point lost per cent.
Michigan Central 2. Delaware & Hudson 11s,
Reading IA, New England and Hooking Val
ley each ~, Canada Southern and Norfolk j.
Western each II, and Lake Shore and West
ern Union each l per cent. Railroad boEds
were less active. Sales $2.5Sl,000. Prices
were strong in the morning, but in sympathy
with the share market gave way toward the
close and though majority show net gain
for the day, several material declines were eS-
tablished. Denver & Rio Graude is gained
81 per cent. upon sales of 1885, 900. Texas
Pacific income trust receipts sold S3l4,000, at
loss of l per cent; Detroit, Mackinsw
Marquette lists rose 25s to loo; the land grants
ga to 50, and SusQuehanna Western de-
bentures, coupon, OF to 81. Richmond & Al
! legheny certificates lost at "a: North Miss
ouri Isis, 2$4 at 1852. The total sales of
| stock to-day were 90l,S4 shares, including:
Canada Southn. 1876 Ohio s. Miss. 49,. $3.50
Central Pacific. 6.105 Pacific Mail. go. 10, 100
Del Lack w .27,1T0 Reading. ...... $40. 465
| Den. K. Gande. $500 st. P. & O....... $3.50
Erie ...... 49, 95 Texas Pacific. 60, $50
Kan s. Tex 49, 35,035 Union Pacific. .93. 1879
Lake Shore. IL, 1877 Western Union. 80, $40
Louis. & Nash. II, 1875 Wabash Pacific. 1910
Northwestern. 11.27J North. Pac. pref. 10, 225
n j. Cent rs. 231 Or. Trans. ...... 1865
n. Y. Cent. $3.50 Hooking Valley. 7,495
Northern Pac... S0lI