Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-23
MONEY AND TRADE.
FINANCIAL.
MONEY aud Stocks.

NEW York. Dot. 22.-The closing quotations for
call loans was per cent. Az high a. per day and
per cent. annum was paid on inferior colaterals
| to-day. Governments strong. Railroad bonds con-
tnue strong and active and prices generally advanced.
| The following were the changes compared with
the last previous sales: An advance Of 3x per cent.
in Missouri, Kansas Texas seconds, 2 per cont in
| st. Louis 4 Iron Mountain first preferred income
and Mobile Ohio debentures, ~ per cent in Mis-
souri,, Kansas Texas hrsts consolidated assorted,
IL per cent. in st. Louis Iron Mountain seconds
preferred income, IL per cent in Toledo & Wabash
seconds extra coupon, per cent. in New Jersey Gen.
trail frsts consols assorted Cleveland, Columbus &
Indiana Central rsts sold at 70, and st. Paul Sioux
City frsts at 951. State securities unusually active
aud generally firm.
| Stocks-The market was buoyant and the widest
excitement prevailed in and around the stock
change; in fact nothing like it has before been
seen by the oldest nhabitant OF Wall street. The Or
ders for stocks from out Of town, especially from
leading Western cities such as Chicago st. Louis,
Cincinnati and Milwaukee, were simply enormous,
and brokers found difficulty In transacting all the
| business forced upon them. The coal shares were
the great feature In early dealings, while during the
afternoon Pacific Mail, Toledo Wabash, st. Louis,
Kansas City h Northern, Missouri, Kansas 4 Texas
and Western Union became very prominent in the
advance, which extended, however, throughout al
most the entire list, ranging from HQD4A per cent?
the latter in Delaware h Hudson st. Louis, Kansas
City l. Northern advancing ~, Missouri Kansas l.
Texas ~, New Jersey Central 33s, Toledo & Wabash
81, Morris & Essex and Western Union 8, Delaware,
Lackawanna Western ~, Kansas Pacific az and
Hannibal st. Joe per cent. Subsequently prices
reacted los per cent In coal shares on realizing
sales and tho general list decloed fraction in SYM
pathy, but in final dealings strong buying move
ment was developed and thu decline was almost re-
covered, the closing prices being at the best
figures Of the day. Union Pacific declined TX per
cent, but CLOSED at recovery Of per cent. Canada
Southern continues to advance reports Of large
traffic on the line and under purchases tor invest
ment on the belief that 1t must take its place
among other high priced anderbilt shares. Pacific
Mail was buoyant and advanced to 34A. Northern
Pacific seconds were lower, the common closing at
81 and preferred at 6l The talk to-day is Of new
mblnatons to advance the Gould specialties, the
Vanderbilt stocks and Pacific properties. The move
ment in Western Union is accompanied by a report
that per cent dividends will hereafter be paid and
Pacfca advanced statements that the supreme
court decision affirming the constitutionaty of the
Thurman act, has been dscountenanced, and also
that Vanderbilt will be represented in the next
Union P acihc board of direction. One reason for
the advance In coal stocks was dispatch from
Philadelphia to the effect that the supply OF coal is
much less than month ago, that there is an abso-
lutte scarcity Of stove coal and that an advance
price Notable. The Graphic referring to the e1-