Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-29
MONEY AND TRADE.
FINANCIAL.
Money and Stocks.

money anu SCOcA0s
NEW YoRx, oct. Governments steady. Rail.
road bonds active and irregular with few important
changes in price. Site securities dull.
Stocks-The market opened strong and prices ad
vanced n@lh per cent coal stocks leading In the
imp ovement Subsequently there was decline of
h@s per cent, III which Erie Lake Shore 4 Mi.h!-
gan Southern Toledo & Wabash AID the coal shares
figured conspicuously. Toward midday a hrmer
feeling set in again and there covery of 40
az per cent, the latter in Delaware, Lackawanna 4
Western, but the improvement was partially lost at
second CALL The report that representatives of New
York Central, Lake Shore Michigan Southern and
Toledo Il Wabash companies were negotiating t.
traffic arrangement had tendency to weaken Erie
and strengthen Lake Shore b Michigan Southern
at intervals. The market continued irregular for
short time. but during the afternoon was weak and
lower until near The Close when there was a marked
change in the temper of speculation and almost the
entire list was strong aud higher The advance from
the lowest point of the day ranged from h@2X per
cent. Toledo l. Wabash led in the upward move
ment aud followed by Western Uuion, Lake
Shore h Michigan Southern aud st. Louis, Kansas
City h Northern. The Improvement in Lake Shore
l. Michigan Southern and Toledo 4 Wabash and its
connections was due to favorable rumors about ne
yotiations between the companies. The granger
shares were all higher larti ularl, Chicago North
western and Chicago, St. Paul & Minneapolis The
coal shares were FIR Il aud advanced from h0lh per
cent from the lowest point, notably New Jersey Gen.
trail Erie was very weak. One report is that the
Gould party had made arrange ents with Vanderbilt
by which the TOLEDO h Wabash road would use the
New York Central as its Eastern connection. The
Erie movement is puzzle Day after day the street
has been ated to reports first that Vanderbilt had
control of the road second, that Gould was victor,
aud tat both gentlemen would operate the road
in harmony. The reports continue of most cou-
tr dictory character AID nothing positive can b.
learned from parties who ought to be acqua nted
with the real facts. Interested persons, however,
know how the books staud aud are operating on that
knowledge 1t was stated at the close OF the u arket
this evening that the process in Erie Of late
has been solely for the purpose Of enabling certain
parties acquire large lines Of stock at low figures
The new open board brokers will commence bust
mes Saturday next with q membership Of ~.
At the close tralsacuuus aggregated sc ,OOU
shares, Of which 1000 were Erie; 2.7OO Lake
shore h Michigan southern; $40 o Toledo l.
Wabash: 10000 Chicago Il Northwestern; lUUUO Mil
waukee b st. Paul; 220u0 Delaware, Lackawanns h
Western; 5000 New Jer ey Central; S,OOO Delaware
Pacific; 3,4OO Cleveland, ~olumbus Indiana Gen.
trail; 100 Hannibal st. Joe; 1910 Ohio h Mssis-
sppi; 1900 Western Union: ,0OO Pacific Mail; 2l-
'tUU St. Lous, Kansas City l. Northern: 10000 Mis-
souri, Kansas Texas; II 900 81. Louis 4 Iron Noun
tain; 5000 Louisville l. Nashville; 4,5 Northern
Pacific; 2,00O Indianapolis, Cincinnati Il Lafayette;
1000 Canada Southern; 6,OOU st. Louis San Fran
cisco, md 2,OO. New York Centr-l.
Money easier at GOT per cent. Prime mercantile
paper 57 per Sterling exchange, bankers bills
steady at sOA sight exchange on New York IS.
Produce exports for the week, $7,9l1 900.
The following were the closing QUOTATIONS.: