St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-11-30
FINANCIAL.
New York.

NEW YORK, Nov. 2e.-Money on call active
at 5g20 per cent, closing at 6GD7. Prime
mercantile paper 4@5. Sterling exchange
dull, but steady at 4S054 for sixty day bills.
Government bonds were dull but strong.
State bonds were quiet and firm. Stocks
showed most extraordinary activity, which
was due entirely 10 the broadness of the
speculation. The low priced stocks went
back TO their normal condition of dizziness,
while almost all of the old favOrites became
prominent in the dealings. The increased
interest was most noticed among the Gould
stocks Texas Pacific and Western Union being
the great favorites. Reading Was the prime
favoriIe however. The coal stocks, especially
Jersey Central and Lackawanna, were active
and strong, particularly in the early
part of the day. There was more
trading in Lake Shore which was,
however attributed to covering short
contracts. The Pacific stocks, among
which Union Pacific and Pacific Nail were
largely traded in. the usual rumors of set
Element of their difficulties o .ng duty. There
was considerable selling of Reading for Lon
don account in the early morning hours, and
a sharp decline was the consequence. 1t
quickly recovered, however, and, after re-
naming comparatively steady, was again
moved up sharply toward the close. The
opening was very active, but at irregular
changes from Saturday esening's prices, diff
ferences ranging from y below to % above
generally, while West Pointwas up ~. Prices
were decidedly weak in the early
trading, West Point being the prin-
cipal sufferer. Western Union and
Jersey Central, however, were remarkably
strong, and the remainder of the market
quickly recovered its LOSSES many other
stocks later showing decided strength, among
which LackaYanna, Texas Pacific Union Pa
cifc. Kansas Texas were in turn remarka-
BILE. The upward movement had renewed
strength in the last hours. The market
closed very active and strong, closing to the
best prices reached. Sales, 1929 shares.
Reading, 242.3l0; Texas Pacific, 1925; Lack
awanna, 80, 500; Western Union. So, 760: Union
Pacific, 33,0S0; Jersey Central, 26.5O0, and
Kansas & Texas, 22,z35. Almost the entire
active list is higher tonight. and the prOmi-
nent advances comprise Texas Pacific, 21sr
Denver & Rio Grand preferred, 234; Reading
and Union Pacific each, IA; West Point and
Jersey Central, each, IA; Louisville Il
Nashville, IL; Western Union and
Northern Pacific preferred, each. 11s.
Railroad bonds also felt the broadening inter-
est in speculation. and the sales were SO, 522,-
coo. Denver u Rio Grande As contributed
$70l,000, Texas Pacific income trust receipts
S424, 900, Erie $780,, 600. Prices were gen
orally firm throughout and final declines are
few. lndianapt Decatur s. Springfield
firstS gained per cent. at loo. Ohio & Mis-
sissippi IS ~ at "a. Texas Pacific incomes
2$4 at 6054, the trust receipts at 62H, the
Rio Grandes, coupon off. rs at 1917, the trust
receipts "a at 77$4, and the terminal trust |
receipts "a at II. The total sale of stocks |
to-Ca;' was 1929 shares, including Canada |
Southern 1871, Delaware, Lackawanna s. |
Western 50, 800, Delaware s. Hudson 1926, |
Erie l7,S7U, Kansas & Texas %. 635. Lake |
Shore 1918, Louisville u Nashville 1920. |
Northwestern 2l,lG7, New Jersey Central !,
26,50O Northern Pacific $3.50, Ohio s. Mssis- |
sippi 8. 700, Pacific Mail 1850, Peoria. De- |
catur & Evansville 3, 100. READING $780, st. !
Paul Is, 700, st. Paul Il Omaha $3.50. Texas |
Pacific 1925, Union Pacific $1,000, Western |
Union So, $50, Northern Pacific preferred |
4, $50. Oregon Trauscontinental 1915, Hook |
ing Valley $500.