Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-04-16
MONEY AND TRADE.
FINANCIAL.
Money and Stocks.

NEW York, April Is.
Gold opened ct 1909, declined to 1o0h, advanced
to and closed at 10oh asked, loOA bid. Carrying
rates per cent. to fat, and finally 81 per cent.
Governments closed active and steady.
Railroad bonds strong and higher, especially FOL
Northwestern, st. Joe, Oh1os and Pacific issues.
State securities dull.
The week opened with great buoyancy and excite
ment on the stock exchange, such as has not bee,
Witnessed for long time past. The advance range,
from X to az per cent. The immediate cauas
the Improvement WAS the favorable progress MAXIM
towards resumption throughout the country, it ha,
ing been announced since Saturday that the Thirt
National bank and Northwestern National ban
Of Chicago will redeem their circulation in colo
There We're also some sps~ill causes at work to ii,
duence prices, among them the crop advices fror
tae West, which are very fvorable ind Was particu
larry felt in shares Of roads west Of Chicago and al
upward movement in them accelerated by lars,
purchases for Of prominent Chicago specu
lators, some Of whom arrived III the city to-day ant
were present on the street. Northwestern common
and preferred were favorites In these purchases fol
lowed by st. Paul AMI Roez Island considerable
amount Of Northwestern purchases to-day were 70,
election purposes There was sharp rise in Michi
gan Central, partly on account of belief in contest
aud partly because Of short interest. Lake Shor,
was prominent feature, and advanced sharply un
der very heavy transactions It was reported on tn.
street that Vanderbilt had been large buyer o
stock and this gave confidence to spectators. West
ern Union and Union Pacific were up on increased
transac IONS The coal shares shared in the genera
improvement, as did also Pacific Mail, and in fac
almost everything on the list. Fluctuations wert
wide and frequent, and large business was done iu
al leading stocks, as the market swayed to and fro
There was continued excitement throughout the af-
ternoon, and transactions were on an immense scale
At intervals the dealings characterized by grea
buoyancy, and tn. highest prices of the day and
son were made. Towards the close business was well
distributed, but the stocks most prominent in tn.
upward movement were Northwestern, st. Paul, L. ST.
Michigan Central, Rock Island, Union Pacific, West.
ern Union. Q G. g. l., Hannibal l. st. Joe, and
coal ocks. In the Anal transactions the market wat
strong and right to the highest point of the day
The Ohio Mississippi railway earnings increased
$l1 $40 the st week in April.
Transacuons aggregated 296, 900 shares, of which
1900 We're New York Central, $500 Erie, 200 Lake
Shore, $1,000 Northwestern common, liz, 900 North
western preferred, 1900 Rock Island 200 St. Pau
common 5000 St Paul preferred, $500 Ohios, 6,GOl
Wabash, $4,000 Lackawanna, 5000 New Jersey Cen
tral, 1000 Delaware Hudson, $500 Morris & Essex
1000 Michigan Central 5000 Illinois Central, 24OO
Western Union, II, 900 Pacific Mail, 1900 G. C. G.
l., 5000 ST. Joseph, and $500 st. Joe preferred.
Money, b07 per cent, closing at s per cent
Prime mercantile paper SGT per cent.
Customs receipts, $578,0OO. The assistant treas
urer disbursed $4,000. Cearings, $25, OOO, 600.
Sterlina long, S6; short. S8A.