Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-11-15
MONEY AND TRADE.
FINANCIAL.
Money and Stocka

NEW YORK. Nov. A.-Governments strong. Rail-
road bonds we're again active and business we'll dis
tributed, but fluctuations in prices were compara-
lively slight as rule. There were largo transactions
as usual OF late In Erie conso!s. Cleveland, Co.
lumbus Indiana Central hrsts sold at 82A seconds
at 4O, and st. Paul Sioux City hrsts closed at 96.
State securities dull and nominal. The Louisi-
State bonds, except consols, have been taken off
the list Of tho Stock Exchange the greater portion
Of them have been funded and there are no transac
tions. -..... \
Stocks-The market opened strong and prices ad-
vanced A02X per cent, the latter In Atlantic Pa
CLIO Telegraph. subsequently weaker feeling pre-
vailed and a decline Of 1A62A per cent. ensued,
Delaware, Lackawanna Western leading In the de-
cline. During the afternoon speculation became
strong and buoysnt, and under q very general buy
ing movement the entire list sold up l1i09x per
cent, the st. Louis San Francisco shares being the
most prom nent In the Improvement, preferred ad-
vsncing 9h per cent, common 81 per cent. and
first preferred per cent. The Chesapeake l. Ohio
issues rose 1M04h per cent, Chicago, st. Paul l.
Minneapolis 81 per cent, Cleveland, Columbus, Gin
oinnah indianapolis ~ per cent, Michigan Central
~ per cent. Eric AZ per cent, Atlantic h Pacifc
Telegraph per cent, Ohio Mississippi preferred
2per cent and Alton l. Terre Haute 1@3 per cent.
st. Paul h Sioux City was also strong, tho common
advancing az and preferred per cent. Investment
shares were strong. In final dealings there was .
slight reaction, but the market closed hrmer. Tho
feature of the market was immense transactions in
Erie, which In great measure impaired strength to
the remainder Of the list. st. Paul l. Sioux City
common closed At Az and preferred at 754 In the
morning 1t became noised about that SOC, 600 Of
checks Of Jay Gould had been deposited In the Bank
Of New York, and reports current that another
lock up was contemplated, which depressed the mar
ket On inquiry it was ascertained, however, that
checks were deposited by Commodore Garrison, and
was given ont on good authority that they were re-
ceived for Commodore Garrison's interest on Mis-
souri, Pacific securities. Upon this announcement
stocks Immediately began to advance. The signid.
canoe Of the operation ,s Hr that Gould Is steadily
extending his system Of roads; second, that he has
large cash resources, and third, that In collecting
these recently he might have locked up money Incl
dentally. The transaction. moreover, shows that In
the main he il bu and that he has the largest stake
Of any one in kee ling the money market easy, how
ever frequently may his purpose to Temporal
lily tighten up. The weight Of opinion now Ia that
the movement in Erie Is led by Gould, but 50 care
fully the tracks Of whoever Is responsible for it
concealed that it Is impossible to more than guess at
the real leader organizer Of it. There was re-.
newed and confident buying in the coal shares, the
Western stocks and the Vanderbilt securities. Re-
p rts pc OILS ia several of the leading stocks
assisted the general upward movement. st. Louis L
Iron Mountain advanced on improved traffic reports
The bull movement is too general to meet the views
of leading eoulators for rise, and Il is thought
another attempt will be made to shake out weak
holders Of stock. - 81. s-.. 1865.
At the cose the transactions aggregated 537, 900
shares of which ia 600 were Erie; 1900 Lake Shore
l. Michigan Southern; 400 Toledo wabash;
1900 Chicago Northwestern; 16, OoO Milwaukee,
st. Paul: 1000 Delaware, Iackswanna h Western;
1900 New jersey Central; coo Delaware Hudson
q 900 Reading; 10 . MICHIGAN Central; 5000 Union
Pacific; 5000 Cleveland, Columbus l. Indiana Gem
trail; 1000 Hannibal st. Joe; $1,000 Ohio Z Mis-
sissippi II, COZ Western Union: QUO Atlantic Pa
ciac; 1900 Pacific Mail; $4,000 st. Loule, Kansas
City Northern; 1860 st. Louis l. Iron Noun
tain; 5000 Louisville 4 Nashville; so Northern
racine; 5000 Indianapolis, Cincinnati b Lafayette;
l;oN Nashville, Chattanooga ST. Louis 5000
Chicago. st. Paul Minneapolis; l 900 Chesapeake
Ohio; 1900 st. Louis & San Frsncisco; 1000
Alton Terre Haute; 1000 st. Paul + Sioux City
and 900 Marietta Cincinnati.
money per annum and 1-33 per diem, closing at
per cent. Prime mercantile paper COZ per cent