Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-11
MONEY! AND TRADE.
FINANCIAL.
money and Stocks.

Z =
NEW YORK. Oct. 1O..-G Governments quiet. Railroad
bonds active and buoyant, with q further advance
of KOS per cent in Texas Pacific land grants which
sold up to S. Erie conso seconds sold up to 66A
funded AYES to So. st. Louis b Iron Mountain sec
onds to %; do first incomes to 80, Kansas + Texas
consols assorted to 8OA do seconds to 81, Ohio /
Mississippi seconds to $l.12 and Great Western
ond extra-coupons to 961a. Lehigh & Wilkesbarre
incomes advanced per cent. State securities
higher for Louisiana sevens consols and Virginia
skies preferred. E
Stocks-The market was buoyant in the early deal
ings and prices advanced @4 per cent, the latter
for Cleveland, Columbus, Cincinnati 4 Indianapolis
the coal shares and Erie being also very prominent
In the Improvement. During the afternoon there
was reaction Of A@2A per CONT. michigan Cen
trail leading the decline. Towards the close specua
ton assumed strong tone and the final dealings
showed recovery Of A@1A per cent. The Goa
shares and Erie showed marked buoyancy. The
rise in coal stocks was based on the improved de-
mand for coal caused by the revival of the iron
industry throughout the country, which resulted in
the advance in prices, and wh1chit is reported will
shortly be followed by another advance. The de-
cline in Michigan Central due to the announce
ment of ian accident on that road near Jackson,
Mich. Dividends Of the Panama company have been
raised to l6 per cent. per annum. There were sales
of Erie the streets after the close of change at
42h. In the last hour Granger shares were active
and fir or and Southwestern stocks all BETTER There
is strong talk Of higher prices for Chicago North
western common and Chicago, Milwaukee & st.
Paul on the enormous business Of these lines The
Pennsylvania Goal company to-day issued a. private
circular to contractors advancing the price Of
cents per ton. It is rumored that the usual monthly
auction Of Scranton coal by the Delaware Lacka-
wanna Western company will be omitted this
month. A Philadelphia dispatch says: President
Gowan has not heard from Packer and the agree
ment for the coal combination therefore expires by
limitation to-day. The true story of the compact
seems to be that an agreement was made by all par
ties in interest," but the greatly increased demand for
coal and consequent advance In price, rendered the
combination Of secondary Importance. The presi-
dent of q prominent coal company is credited with
the statement that on an average of So per ton his
companp would be In position TO pay per cent. on
it's capital stock. For the first week in October Chi
cago Northwestern earnings increased ST., 900 !:
Chicago, Milwaukee h st. Paul, 1000, and Union
Pacific $4,000. Turnbridge h Co., the last of the
Wall street bucket shops, suspended. 51'E
The transactions to-day were the largest vet re-
corded and at the close aggregated $4,000 shares,
OF which, $4,000 were Erie: 10, 600 Lake Shore 4
Michigan US Southern; $1,000 Chicago Northwest
Lackawanna Western; 5000 New Jersey Central:
II 900 Delaware & Hudson; 5000 olodo & Wa
bash 1000 Union Pacific; 16, 900 Michigan Central
1000 Cleveland, Colum bus, Cincinnati & Indanapo-
Lis; 1000 Hannibal & st. Joe; 1000 Ohio Missis-
slppl; 1000 Western Union: II 600 Pacific Mail !;
$4,000 st. Louis, Kansas City Northern $4,000 Mis-
souri, Kansas Texas: so Q st. Louis & Iron
Mountain; 1900 Louisville 4 Nashville; 10 900 Ohesa-
Peake y Ohio; 1900 Indianapolis, Cincinnati s.
Lafayette; 5000 American District Telegraph which
advanced to 73A; 5000 st. Louis & San Francisco,
and $500 Cleveland, Columbus & Indiana Central.
Money active at 4@7 per cent, closing at per cent.
Prime mercantile paper 606h per cent. Sterling
sly; short SO. -
Dry goods imports for the week, 81 $4,000 LII
The following we're the closing quotations: -