Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-11
Eastern and European Markets.

NEW YORK, Dec. 10.-Money active at per
cent. per anuum and 1-16 per cent. per diem,
closing at per cent. per annum. Prime mer-
| camille paper z per cent. Sterling ex-
change, bankers bills weak at $479%. Sight
exchange on New York S4.S1I.
Dry goods imports for the week. 81. 40S, 900.
Governments weak and lower for is and AS
and steady for other issues. Railroad bonds
irregular but in the main heavy. State securi-
ties dull.
Stocks-The stock market opened weak and
in the early dealings declined I@21S per
cent, the latter in Chicago, Burlington &
Quincy. Western Union Telegraph, however,
was an exception, and advanced per cent. At
the first board the entire list became weak and
prices fell off 1855 per cent, Western Union
Telegraph and Nashville, Chattanooga & St.
Louis leading in the downward movement.
| st. Louis d Iron Mountain was notably weak
and declined 58 per cent. During the after
noon speculation was irregular, but in the late
dealings sharp advance took place, in which
the entire list participated, and the market
closed strong at an improvement of 1855
per cent, st. Louis & Iron Mountain, Western
Union Telegraph and granger and coal shares
| 1CdulnS. SuCh6O, hOCk 1slbuu ~ TACTIC anu
Texas Pacific were exceptionally strong, the
| former selling s. and the latter AZ per cent.
| higher. The earnings of the Denver & Rio
Grande railroad increased $4,000 the first
in December, Chicago & Northwestern OFT ,000
and Chicago Milwaukee & st. Paul 100000.
The Fleming Post says the money marke
was fairly stringent to-day, 6 per cent. being
the minimum rate, and many loans by stock
| brokers on a commission of 15@1-16 per cent.
For six months money can be borrowed at 6
| per cent, but loans for thirty days cost Dor
rowers and commission. Prime mercantile
paper nominal at 6@7 per cent with the mar
ket dull. This is nationally more discriminate
ing on the part of buyers since the suspension
of B. G.. Arnold & Co., which caused the sus-
| pension 20. day of Bowie, Dash & Co. Share
| speculation has also been demoralized by
break downs in Western Union Telegraph stock,
the price having fallen at the close yesterday
| to S21l. This morning there was a rally to
IS, which WIS g.! c7 by another plunge to
SlT. As we write Western Union is selling
| at S24 but the general market is feverishly
weak at about the lowest prices of the day.
Other stocks which declined heavily are st.
Louis & Iron Mountain, which has 4l@4l%,
and Nashville, Chattanooga & St. Louis, 6715;
| Union Pacific declined to LOG, Chicago, Burling.
ton & Quincy to 174, New jersey Central to a.
New York Central to 49, Chicago & Northwest
ern to 12413, Chicago. Milwaukee q st. Paul to
| 1881, Delaware, Lackawanna & Western to
| l0lIs, Lake Shore to 1919, these prices repre-
| senting the decline from yesterdays prices
| from to 6 per cent. The decline in st. Louis
Il Iron Mountain was caused in large part by
the report that 1900 shares had been thrown
| on the market as part assets of the suspended
coffee house of B. G. Arnold & Co. The di-
rectors of the st. Paul & Omaha railroad have
| to-day declared dividend of ~ per cent.
quarterly on preferred stock. The surplus
after the dividend is paid is $3.50. $50, the net
earnings for the year 1880 being $60S, 600. The
dividend amounts to $l48,750.
| The Transactions aggregated $4,000 shares, of
which l,700 were Chicago, Burlington Quincy;
ma h Western; 400 Delaware 4 Hudson; 1,700
Denver & Rio Grande; 44,000 Erie; 1900 Hannibal
4 st. Joe; 81 000 st. Louis Il Iron Mountain; $4,000
Missouri, Kansas Texas; A. 900 Lake Shore; 1,7C0
Lake Erie WESTERN $1,000 Louisville &. Nashville;
| 1900 Michigan Central; 1900 Chicago l. North
| $4,000 New Jersey Central; 7,400 New York Gem
trail; 1900 Northern Pacific; 2,700 Ohio Missis-
sippi; 5000 Ontario l. Western; 25 0O0 Pacific Mail
1890 Philadelphia Reading; % 900 Chicago, Mil
waukee ST. Paul; l,400sst. Paul & Omaha; $4,000
Union Pacific; 200 Wabash, st Louis & Pacific |;
Pacific; 5000 Central Arizona; 5000 Texas Pacific
and $500 st. Louis l. San Francisco.