Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-07-23
Eastern and European Markets

New YORK, July % -Money easy at 20 ~ per
cent Prime mercantile paper $685. per
cent. Sterling exchange, bankers bills at
S4S215. Sight exchange on New York
81. s454.
Governments quiet. Railroad bonds active
but irregular; Texas Pacific incomes rose from
SIS to 69. State securities STEADY.
Stocks-Tae stock market advanced from
4 to IL per cent. in early dealings, but sub
sequently lost the improvement. In the after
noon speculation assumed strong tone and
prices rapidly advanced till the close of bust
ness, the final sales being at the highest f sure
of the day, the advance from the lowest point
ranging from Is to % per cent. in the gem
ersl list. The coal and granger shares, Erie,
Wabash, st. Louis & Pacific. the telegraph
stocks, and Denver & Rio Grande show an
improvement. In the elevated railroad shares
Manhattan fell off ~ and the metropolitan 8
per cent. early in the day, but at the close the
latter advanced 4, and thu former recovered
AZ per cent. The Railroad Manual for
1880 shows the number of miles of road in
operation. At the close of 1879 there was &c.
497, an increase for the year of 4,721. Thirteen
of the principal lines in the country moved
45,557,G0l tons of freight in 1873, and $685.
$40 in 1879, and earned from freights Sl120 04,-
64S in lS7a and ll6.Sil.452 in 1879. It will
be seen by the above, that
while there has been an increase
in freight moved of 1927 per cent, and in
miles of road operated Of 20 SO per cent, the
increase of earnings from that source las been
1884 per cent. The freight is now moved
at rate per ton iper mile, which would
five years ago have been regarded as impossible
The per centage of decrease has been AZ. 81 per
cent, nearly equal to increase in tons of
freight moved. The gross earnings Of all the
roads whose operations have been reported
have equaled $685., 012, 229 against $3.50, 1913 351
for 1878; S472, 900 272 for 1917; S497 257, $50 for
1876, and S5O3, 065, sos for 1875 The dividends
paid during the year aggregated S6l, 40, be
ing the largest amount divided amongst stock.
holders for any one year since 1876. The gross
earnings of railroads of Western States were
1922, 379, 6i6 against S209, $50 275 for 1878 aud
Sl93, 204, Sic for 1877. The earnings were
$9S96l, 9O6 against S77,95S.229 for 1878 and
S66085,243 for 1877. The dividends paid
amounted to 1913, SCI, 1852 against Sl9,Sil, 222
for 1878 and $14, 556, ASP for 1877. The earnings
from freight, mails, etc., $77. $50, s75, aud
from passengers S54, 44S,77l. The st. Louis
d Iron Mountain earnings for the second week
in July increase $27,40O. and from January
1st toJuly LIST increase S74S ZIG. The Texas
Pacific earnings for the second week in July
increase S55, S4l.
The transactions aggregated 10000 shares, of
which 34i we're Atlantic s Pacific Telegraph; 1000
Chicago, Columbus & Indiana Central; 25,000 Hela-
ware, Lackawanna 4 Western; 5000 Delaware & fIud-
son ~ 600 Erie; 5000 Hannibal St. joe; 5.OuO
Missouri, Kansas Texas Ii, 00O Lake Shore; 2Oa0
Michigan Central: 5000 Manhattan Elevated 10000
Chicago h Northwestern: loo Nashville Chat
tanooga s. St. Louis: 1000 Nez Jersey Central
1900 Northern Pacifc; 80 900 Ohio & Mississippi :
ESQ Ontario & Western: 1900 Pacific Mail; s 400
Philadelphia Reading; 1000 Chicago, Milwaukee
& st. Paul; 8,z0O Union Pacific; 1890 Wabash, ST
Louis Pacific; s., 600 Western U~ta and 1880 Den
yer & Rio Grande