St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-10
New York.

NEW YORK, Dec. 9.-Money on call active
at 5@12 per cent. closing at asked. Prime
mercantile paper 4G15. Sterling exchange
weak at 1907 for sixty day bills and 1887 for
demand. Government bonds were firm, but
dull State bonds were dull and steady.
Stocks were a trihe more active, but the I'M
provemenr was con iued to six or eight issues,
which monopoiZed entirely the interest taken
in speculation. These were Reading, New
England, Louisville g. Nashville, Lackawanna,
Norfolk & Western preferred. East Tennessee
LIST preferred and the New York. Susquehauna
Western stocks. The remainder were quiet
and in many cases even dull. London was d
free buyer aud the fall in sterling exchange,
which brings to the lowest point yet attained
this year, had material effect in increasing
the prevalent confidence of the street by rea-
son of the livelihood of increased Imports
of gold. Reading was again extremely ac-
tive and furnished nearly one-quarter of the
total days business. Its fluctuations were
neither wide nor violent and all that affecte
its price was the oft-repeated assertion that
the reorganization plan was complete and
would be issued in a few days. The East
Tennessee & Norfolk and Western stocks
were fayorably affected by the rumor that
representatives of the latter had acquired a
controlling interest in the East Tennessee lists
preferred This had depressing effect upon
Richmond s. West Point, which it was sup
posed would be left OUT of the deal. Another
rumOr TO the effect that the latter would be
admitted, rallied its price to last evenings
figures. Both stories, however, lack con-
firmation. New England was bought heavily
in the early morning, it is supposed for the
account of the New York parties seeking con-
troll. Ii reacted from the best price, but
shows
A HANDSOME NET ADVANCE.
for the day. The movement in Louisville &
Nashville continued its advance being almost
=, l.,..%
chases were very prominent in this stock.
Lackawanna displayed more than usual ac-
tivity and strength The opening was de-
cidedls strong; advances over last evenings
figures range to "a per cent. To-day Pacific,
however, was &c lower There was the usual
decrease in activity towards noon in every
thing except Reading. but prices held strong
throughout. There was a fractional recess
after u o'clock, which was followed by fur
ther advances. The bidding up of money late
in the afternoon mad the effect OF depressing
prices in the last hour and the market closed
generally heavy to weak. Sales. 4S4,9S8
shares. Reading furnished liz, l60, Lacka-
wanna $3.50. New England 43, l73 and Louis
vile & Nashville 4l,0l0. In only two other
cases. st. Paul and SusQuehanna 81 Western
common did the sales ex eed 10000 shares.
Almost everything is higher this even ng.
Chattanooga, which was aided by rumors of g
scrip dividend, is $3.50 higher; New England
| is up IL, Louisville y Nashville l5a:
the Milwaukee, Lake Shore West
ern stocks and Reading l per cent.
/ each. Railroad bonds sympatnIzed closely
| with shares and there was an advance over
the entire list Ill the forenoon, which received
| q check later in the day. Sales were S2,229,-
! 0O0, the active issues being Green Bay in
! comes with S26i. 00J, Texas Pacific Incomes
trdst receipts Sl33, 000 and Nickel Plate trust
/ receipts $l32. 000 Final prices generaili show
advances, though some declines were re-
corded. Houston d Texas general 6s rose
/ = TO 20; Lake Erie & Western lists, to los;
! Nickel Plate trust receipts, = TO 100; Missouri
! Pacific Dds, . to I2I; Texas Pacific income
! trust receipts. 21z TO 81. The total sale of
! stocks today were 484. 1913 shares, including:
! Canada South n 10 f56 Reading. ....... H. 100
| Del. Lack. & w 40 $50 81. Psul-...... %, $50
! Del. s. Hudson. 320J Texas & Pacific. $3.50
| Erie ....-....... 3,5D0 Union Pac..... 4,65U
| krn i Tex 49, 3.850 Western Union. LOB
| Louis. " Nash Al go docking Valley $3.50
n. j. Cent?. 7,455