Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-11-29
MONEY AND TRADE
FINANCIAL.
Money and Stockk

NEW York, Nov. 2S.-Governnents firm. Railroad
bonds strong, with active business in Erie, junior,
Missouri, Kansas Texas and Toledo l. Wabash is
sizes. Eiie second consols from s5H to
STA and reacted to Ss, do funded dves rising from
S3as to SIX Missouri, Kansas l. Texas frsts rose
from s1N to IS, do seconds from IS to 47x, Toledo
Wabash seconds, extra coupon, from 81 to ea, do
coEvertibles from 9Slz to g. do frsts st. Louis Gi
vision Michigan Central from 1G2 to l03, Chesa-
peake L Ohio frsts from 6l1s to CAV, do currency
SKIES from 341s to 80, Lake Erie Western incomes
from 6O to 81. Chicago + Rock Island coupon skies
from ia to l1,H, Boston, rtferd & Erie frs.s
from 81 to 53A, Canada Sou hern frsts from IS to
STU, Great Western seconds, extra coupon, from
s7i1 to 80. Louisville Nashville seconds from 1CGx
to lO2h, and East Tennessee, Virginia and Georgia
hrsts from 1o2 to 1os. Burlington, Cedar Rapids &
Northern hrsts advanced to g. and Milwaukee st.
Paul, La Crosse division frsts to 49, Lafayette,
Bloomington Muncie incomes dropped from sc to
GO. State securities dull.
Stocks-Business was resumed on Stock Exchange
to-day amid great excitement and buoyancy, growing
out Of the Vanderbilt sale of New York Central
stock. There was perfect rush to buy stocks, both
for long and short account which carried prices ND
h@lG per cent, as compared with the closing quota
tons OF Wednesday. The greatest advance was in
Wabash, st. Louis i Pacific shares, the upward
movement in these securities being accelerated by
rumor that Vanderbilt to buy and hold certain
amount Of them. Then came vanderbiits shares,
which reached the highest figures for many years.
Erie was conspicuous in the dealings and advanced
sharply on runaors Of changes in direction to the
effect that one OK mora members Of the board wou d
resign aud their places be fed By vancerb 1t repre-
sen.atives. The coal stocks we're also active and
buoyant ana advanced under covering Of short con-
tracts. The granger and southwestern stocks ware
strong. There several reactions duri,e the
morning, which were quickly followed by rallies, but
toward O'Clock there was considerable pressure TO
realize profits and prices declined u as per cent The
latter IN wabash, ST. Louis Pacific preferred To-
ward the close, however, the market became active
and buoyant, snd under the leadership of Erie the
entire list advanced. The Transactions in Erie were
enormous and the stock advanced nearly 6 per cent.
from the lowest point Of the day. This advance was
due partly to covering OF snort contracts and pur-
chases by some parties identified with Vanderbilt.
The coal stocks, the Vanderbilt prop critics and the
At the close transactions aggregated 5os0oo shares,
OF which 1SS,oe0 were Erie; 5000 Lake Shore
Michigan Southern Is, O. oledo i Wabash: 1900
Chicsgo 4 Northwestern; 5000 Milwaukee : st.
10000 New Jersey Central; 400 Delaware L Hud-
SOL; 5000 Reading; go Michigan Central: $500
Union Pacific; 2,5N Cleveland, Columbus l. Indiana
Central; 500 Hannibal & st. Joe; 10000 Ohio 4
Aissssippi: 1900 Western Union: 5000 Pacific
Mail; $500 Wabash, st. Louis & Pacific; 800
Missouri, Kansas l. Texas; 1850 ST. Louis L Iron
Mountain: 3,G0J Louisville L Nashville; 40 Nash
vile, Chattanooga st. Louis; $1,000 st. Louis h
San Francisco, and 1000 New York Central
Money easy at 5Gs7. closing st per cent. Prime
mercantile pspsr GOT Per Cent. Sterling exchange,
bankers bills firm at so;z; sight exchange on New
York s3k.
The following were the closing ouossssons: