Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-03-01
MONEY AND TRADE.
FINANCIAL,
Money and Stocks.

NEW YORK. Feb. ZS.
Governments quiet and weak fer somo Of the older
issues.
Railroad bonds generally weak. There is re-
newed demand for New Jersey Central consolidated
and convertible bonds.
State securities dull.
The stock market was irregular but in the main
weak early in the day, and prices declined H@2%
per cent? the latter in Erie preferred. which sold
down to A3a against 46h yesterday. During the at
ternoon astrongor feeling prevailed and recovery
Of H@1M per cent ensued, Erie preferred leading
i'll the improvement. This advance was well main
tanned to the close and firm tone characterized final
dealings. The recovery In Erie was due to the an
nouncement that the London shareholders of the At
lantc Great Western road consented to the lease of
the property to the Erie railway also the fact that
the expenses of the last mentioned road decreased
$4,000 the past month, notwithstanding the cost of
keeping the road clear of lively contest is in
progress in coal shares, notably Delaware, Lacka-
wanna & Western. The bears made strenuous efforts
to depress the stock with large amount of seller at
10, hoping to get the price at lower range for coy
erng purposes, but the cash stock advanced because
of tho out put Of coal, owing to continued cold
weather. is likely to be very large, particularly for
Delaware Lackawanna Western, whose profit is on
the amount sent to market and not the price, There
Is some talk Of taking the New Jersey Central road out
of the hands of receiver. In this connection the
Times says: The feeling of dissatisfaction created
by the vague character Of recent report of the
ceiver of the Central Railroad company, of New
Jersey, and its remarkable omissions still continues
and many individuals who induced to part with
their holdings on the impression that the documents
referred to gave fair representation of tt financial
condition Of the company, express much INDIGNATION
and claim that they have been ,1rossly deceived.
These parties say that many itens which have been
included under the healing of expe nses should
properly have been charged to the construction &C
count, and that mad CHS been done the report in
stead OF showing an apparent deficit of S189,0OO
would nave anown an increase in net earnings, as
compared with 1877, of 100000. The strongest
stocg was Western Union, which advanced on large
Transaction to 1O6N, the highest price. The Post
says the above stock was bought with confidence
that implies knowledge of something that will ad-
vance the price. Rumor had it that an extra div-
dend of ~ per cent. would be declared in March.
The short interest here and at Washingt ton is large
At the close transactions aggregated 2O5O 900 shares
OF which $4,000 Erie common; IA 900 Erie pre-
ferred; $1,000 Lake Shore & Michigan Southern
1900 Toledo Wabash; 1900 Chicago 4 North
| western common; 900 Chicago 4 Northwestern
preferred; 1900 Milwaukee & st. Paul common :
1000 Milwaukee st. Paul preferred; $4,000 New
Jersey Central; 5000 Michigan Central; 1900 Union
Pacific; 5000 Hannibal h st. Joe; $4,000 Western
Union, and $500 Missouri, Kansas l. Texas. -
Money active at 3G5 per cent; closing at per
cent
Prime mercantile paper 3D5 per cent.
Sterling exchange long firm at Sc; short 81.
Dry goods imports for the week, 81 1856, 900. Ia
The following we're the closing quotations: