Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-11-18
MONEY AND TRADE.
FINANCIAL
Honey and Stocks,

NEW YORK. Nov. 17.-Governments quiet and a
shade weaker. Bar silver 1154s Railroad bonds &C
tive and higher prices reached for most OF the
Issues dealt In. The strongest business in Erie,
Boston, Hartford Erie, Chesapeake Ohio, and
| Missouri, Kansas h Texas. Cleveland, Columbus
Indiana Central rsts advanced to &c. seconds to 43X
! aud St. Paul / Sioux City 1rsts closed at son.
| Chesapeake & Ohio issues rose 1924 per cent.
State securities dull. All the Alabama State bonds,
| except classes A, and G, have been dropped from
! the Stock Exchange at the request of the State
agent. The various issues stricken from the List
| have been funded, except in Alabama and Chatta-
nooga bonds, which have been exchanged for land
according to an act Of the legislature.
Stochs-The market was irregular in early dealings
but In the main firm and higher, especially for
Cleveland, Columbus 4 Indiana Central Missouri,
Kansas Texas and Oregon Railroad h Naviation
company, which advanced 255 per cent. Among the
trunk lines Lake Shore Il Michigan Southern was tho
feature and sold up to lo47s bids of 81. per cent
for the next dividend. grand bear demonstration,
assisted by the efforts Of leading operators who had
recently marketed stocks, made during the after
| noon amid furry and excitement attendant . dis
position to realize and the pressure OF long stock,
many blocks being sold out on stop orders, there
| was general decline Of h@4h per cent, the coal
shares and Eric leading In the downward movement.
The leader in the attack undoubtedly Could but
others were not far behind him, and the break in
prices was therefore very rapid. It is understood 10
be Gould's plan to obtain If possible, large lines Of
stock at low figures and then go In for genera bull
movement, In which his Union Pacific Is to be con-
spicuous and the screws were applied to the money
| market to assist tho bear movement. Toward the
close buoyant feeling prevailed and under brisk
| purchases recovery OF 1l@2A per cent ensued
with Erie, the coal shares and some Of the south
western stocks most prominent in the dealings.
Missouri Pacific sold up from IA to 1914, reacted to
II and recovered to ID. Manhattan dropped from
10 to SO. but rallied to 67H Sutro tunnel opened at
| s. advanced to Ok, declined to 5h and advanced to
Sc per share. This is the only stock on the list
which sells per share, par &c. instead of per CENT
and 1t is understood movement will be made to
have 1t quoted are other stocks. If quoted the
prices to-day would have been, opened at 90, ad-
vanced to CAV, declined to IS and advanced to g.
The recent movement In Chesapeake 4 Ohio stocks
and bonds is based upon the examination Of harbors
at Newport, Yorktown and vicinity for the Eastern
terminus Of the road and upon reports that arrange
ments are nearly completed for Western extension
so as to make connection with Chicago. This will
also account for the advance in indianapolis, Cincin-
natl Lafayette It Is stated that the Illinois Gen.
trail railway will show the largest net earnings for the
present year Of any since the panic Of 1873. Not
withstanding the falling of In business caused by
yellow fever In the South the reduction in expenses
more than counterbaances the decrease. While the
great majority Of brokers and operators decided
ly bullish and express tho greatest confidence in
much higher prices, there those who inclined
to be somewhat CAUTIOUS fearing another break be-
| fore . continuation Of the boom.
At the c'ose the transactions aggregated 81, 900
shares, OF which 900 were Ere 5000 Lake Shore
Michigan Southern; 10000 Toledo l. Wabash :
$1,000 Chicago & Northwestern; 2OOO Milwaukee l.
st. Paul; 61,Oo0 Delaware, Lackawsnna h Western;
10000 New Jersey Central; 1900 Delaware & Hud-
son; 1900 Reading; 1850 Michigan Central; 5000
Union Pacific; % 600 Cleveland, Columbus l. 1ndi
ana Central; 5000 Hannibal h st. Joe; 22OOO Ohio
Mississippi; 5000 Western Union: 5000 Atlantic l.
Pachc 10000 Pacific Maif; 5000 Wabash, St. Louis
Pacific; "a, 900 Missouri, Kansas Texas: 900 st.
Louis Iron Mountain; &c, GEO Louisville Nashville;
80 Northern Pacific; 1900 st. Paul Sioux City
5000 Lake Erie Western; $3.50 Indianapolis, Gin.
otnnah 4 Lafayette; $500 Nashville, Chattanooga
ST. Louis; 1900 Chesapeake Ohio 1900 Missouri
| Pacific; $4,000 st. Louis l. San Francisco; 5000
Marietta 4 Cincinnati; $4,000 sutro Tunnel, and
! 5000 Quicksilver. - g. 80.
| Money GOT per annum, 1872 per diem, closing at 7
per cent. Prime mercantile paper 5H07 per cent.
Sterling exchange, bankers bills 80X sight ex-
change on NewYork S5A.
| The following were the closing quotations: