Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-19
MONEY AND TRADE.
FINANCIAL.
Money and Stocks.

NEW YORK, Feb. 18.-GovernmeDts generally firm.
The As and AIS advanced "a per cent The secretary
of the treasury has accepted 81 000 GOO of bonds,
offered follows Skies of 1880 $1.03, IS to 100
81; skies of 1881 at 81 O5, Sc to los, rs; ves Of
1881 at 81 03, 80 to 103, g.. Railroad bonds strong
and higher, with the chief activity in Chesapeake &
Ohio and Erie Issues. Lehigh & Wilkesbarre as
scented sevens advanced to 100 official announce
ment that the March coupons would be paid on pre-
sentaion and reports of increased earnings of the
company. State securities dull.
Stocks-The market was buoyant early in the day.
Louisville, New Albany Il Chicago advanced 1917 per
cent. to Ito, and the remainder of the list 14G3A
per cent, except Louisville & Nashville, which fell
off per cent. to 1873 and later rose to 144, closing
at l43K. During the afternoon prices reacted 40
Oh Ter cent? but toward the close the whole market
became strong and the highest prices of the day
were made in many instances. Western Union was
firm ON the report of an extra dividend of u Fer
cent. and on the decision obtaining claims of the
Page patent now owned by the Western Union COM
papy, which will compel all other telegraph lines to
pay royalty to the Western Union for the of the
patent 1t is even commended that the company will
also under the decision be enabl to recover dam
ages for past use of the appliance in a technical
form. The decision covers the following points
First, the adjustment of refractor of an automatic
circuit BREAKER second, the combination of an cleo
tro-magnet armature and adjusting refractor; third,
adjusting regulating the length of vibrator Of the
arInature of an electro-magnet by means of q set
screw any mechanical equivalent for substantially
the same purpose. The decision is very broad and
the principles necessary for the operation of
any instrument Steps will be taken at once to en-
force the decision and suits for damages will proba-
bly, be brought against other telegraph and railroad
companies and private persons The transactions
large in trunk lines, especially in Like Shore &
Michigan Southern, which rose to 1865 and closed
at 106 The grangers and Ohio & Mississippi were
in active demand on increased earnings. There is
some talk about consolidation of the Chicago, st.
Paul Il Minneapolis, the ST. Paul l. Sioux City and the
North Wisconsin roads, and it is said the Chicago &
Northwestern company is tryning to obi in the
trolling interest in of thse roads, Exactly how
this matter will turn, nobody to know, but
there is no doubt that important railway movements
are ON foot in the Northwest. The Graphic says
"a correspondent wishes to know if there is any
for the decline in Little pittsburgh from 80 to
its present price. There is none so far the mine
is concerned, but there have been some large sales
on the part OF the people who desired 10 use their
money elsewhere, and these stocks are not so &C
lively dealt in stocks Of the general list, sharp
cline apparently SO long as dividends continue to
be regularly pap. The investment holders are not
likely to worry over the uctuation 1t has been for
come time evident that the operator in Central ARR
IONA who sold the stock from 1914 down to 10, and
by creating panic in it, broke the price to T. has
been quietly taking the offerings from that point up
again, as he can afford to after such break. The
Graphic has criticized the dealings in this stock and
holders not to be in haste TO sell at pres
ent. The company is preparing to increase its ia
ciities very largely, and dividends are earned q
large advance is lot at all unlikely" The earnings
of the Chesapeake & Ohio railroad for January In
creased Sll3,6S7. The earnings of the Chicago h
Northwestern road for the first five days of the sec
ond week of February increased $4,000. Estimated
earnings of the Union Pacific road for January show
gain of SlGSO00 and for the first thirteen days of
February increased S62,000.
At the close transactions aggregated 3S6 600 shares
of which 1870 we're Alta tic 4 Pacific Telegraph !:
5000 Chesapeake Ohio; 2, 900 Columbus, Chicago
indiana Central; 1907 Central Arizona: 5000 Della
ware, LackaTslna & Western; $1,000 Erie; 10000
Hannibal L. ST. Joe $4,000 Houston 4; Texas: I2,GOO
st. Louis Il Iron Mountain; $500 Illinois Central
5000 Missouri, Kansas & Texas; 1900 Lake Shore
s. Michigan Southern 900 Louisville & Nashville:
l500 Lake Erie Western; 800 Michigan Central
5000 Chicago & Northwestern; 5000 Nashville
Chattanooga st Louis, which closed at 9411 A. 900
New Jersey Central; $3.50 Northern Pacific; $500
Ohio Mississippi; Al go Ontario & Western which
closed at 3J IA, 900 Pacific Mail; $500 Milwaukee
Il st. Paul; 1850 st. Louis Il San Francisco: $500
Sioux City; 1900 Union Pacific: 5000 Wabash, ST.
Louis < Pacific; 22,OOO Western Union: 2l0 Little
Pittsburgh, and 1,50O Caribou.
Money sac per cent. Prime mercantile paper 81
5H per cent. Sterling exchange bankers bills quiet
at 9O% sight exchange on New York SIS
The following were the closing quotations.