Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-11-14
MONEY AND TRADE,
FINANCIAL.
Money and StocklA

NEW York. Nov. 13-Governments steady. Rail-
road bonds active and irregular with trans
actions In Erie issues. Mobile Ohio seconds deben-
lures advanced per cent, Cleveland, Columbus 4
Indiana Central rss closed at 49, seconds at TO- and
st. Paul Sioux City irsts at 96A. State securities
dull. Bids were made for South Carolina gold con-
soils at 10 per cont. decline, but there no Sales
Stocks-The volume Of bus ness of the Stock Ex-
change WAS very large again to-day, but there was
less excitement and boom to the market than yeser-
day. speculations opened buoyant and prices adj
vanced Nos per cent, the latter in Reading, which
rose from IS to IS under large purchases, Erie, At
lantic Pacific Telegraph st. Louis & San Francisco
Chesapeake Ohio and granger shares being also
prcminent in dealings. Subsequently there was
decline OF h03A per cent. in the general list, 6H
per cent in Reading and TX per cent. in Nashville,
Chattanooga & st. Louis, brought about by attacks
OF bears and pressure Of reaizations, induced by
rise in the rate Of money to per cent. per annum
and commission Of 1-1601s per cent. added. Sub
sequently money became easier and loaned down to
per cent, whereon the stock market became buoy
ant and there Was sharp recovery under large pur-
chases both for long and short account. The entire
list participated in the rise, which ranged from va
5per cent from the lowest point In the upward
movement ct the close coal stocks were particularly
lrominent on statement from an official source
that the out put of the Anthracite Coal companies
for the year 1879 will exceed by tons that of
any year in their history, and that the increase in
the price Of coal will give New Jersey Central alone
profit OF 100000 the coming year, after deductng
a reasonable amount for labor and increased ex-
rensss, which it is claimed will enable the company
to pay large dividends it's capital of shares
in 1880. Similar claims are made regarding the fu-
ture prosperity of Delaware, Lsckawanna Western
ISaIaWare r. Hn6aon- fook, ,<
the dealings and advanced to Ask large transac-
tons. Some Of the southwestern stocks advanced
sharply, Nashville, Chattanooga l. st. Louis rising
81 per cent. The grangers were strong and higher,
and the market closed with very firm look. The
Reading securities, admitted to the Stock Exchange
yesterday. were formerly on the board, but were
thrown out some years since because the company
refused to register stock at financial institution
in this city. The company has since appointed a
transfer agent here, and hence the stock was read
mitted The ru1nor grows stronger that the st. Louis
& Iron Mountain from st. Louis to Fulton on the
frontier of Texas is to be taken into the Scott
ington combination for trans-contnental line from
st. Louis to San Francisco, Scott and his Texas Pa
ciRc to meet Huntington and Southern Pacific at Ell
Paso. St. Paul Sioux City common closed at Al
and preferred at 70.
At the cose the transactions aggregated $50 600
shares, Of which 900 we're Erie; $4,000 Lake Shore
Il Michigan Southern; 1000 Toledo l. Wabash :
$1,000 Chicago Northwestern; $4,000 Milwaukee l.
st. Paul; 5000 Delaware, Laokawanna Western :;
IA, 000 New Jersey Central; 5000 Delaware Hudson
1850 Michigan Central: $3.50 Illinois Central; 5000
Union Pacific; 5000 Cleveland, Columbus, Cincin-
natl Indianapolis; $4,000 Cleveland, Columbus L
Indiana Central; 12,0oO Hannibal h st. Joe; 5000
Ohio mississippi; II, 600 Western Union: OoO At
lanic Pacific; $4,000 Pacific Mail; 11,O0O st. Louis,
Kansas City Il Northern; 26 600 Missouri, Kansas l.
Texas; LOCO st. Louis Iron Mountain; 1000
Louisville L. Nashville: so Northern Pacific; 1000
vile, Chattanooga & st. Louis; 5000 Chicago st.
Paul Minneapolis; $4,000 Chesapeake l. Ohio !;
$4,000 Reading; 5000 st. Louis h San Francisco !;
5000 Marietta Cincinnati; GOO New Central Coal
$500 Alton Il Terre Haute; 5000 American Elk press
and 1000 Houston l. Texas.
Money 517 per annum and 1-16Dls per diem
closing at per cent. Prime mercantile paper car
per cent. Sterling exchange, bankers bills steady
at 80; sight exchange on New York SO.
The following wore the closing quotations.: