Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-04
Eastsrn and European Markets.

NEW YORK, Dec. 3.-Money per cent. per
annum; Is per cent. per diem closing at 6
per cent. Prime mercantile paper $780,
per cent. Sterling exchange, bankers bills
weak at $4.79. Sight exchange on New York
$4.80%.
Money was loaned up as high as Is per cent
per annum and Lilo to Is of one per cent.
per diem, and as low as per cent. Thaking
the day as whole the stringency was not as
severe as yesterday, and the closing rate was
6per cent.
Governments heavy. Railroad bonds-In
railroad bonds the features were Missouri,
Kansas Texas seconds, which advanced to
1879, and do consuls assented, which in the
forenoon sold down to Sl.OS19, but later ad
vanced to $l.10. State securities dull.
stocks-The stock market opened weak
and in the early dealings prices declined Il to
to per cent, the greatest decline being in
Chicago & Northwestern common, which sold
down to S1.l75l, against $l.2l34 at the close
yesterday, the preferred stock selling off 81
per cent. Daring the afternoon these shares
became firm, and closed at a recovery of Il
for common and ID for the preferred. In the
general list the decline ranged from Il to
2sss, the latter being Chicago, Milwaukee & st.
Paul. After the first board speculation as
sumed strong tone, and under the influence
of heavy purchases prices advanced steadily
until the close of business, the highest prices
of the day being generally current in the
final sales. The advance from the lowest
point ranged from 4 to 81 per cent.
Missouri. Kansas & Texas, Chicago, Milwaukee
l. st. Paul, Lake Shore, the coal stocks.
Nashville, Chattanooga & st. Louis and
Chicago, Burlington & Quincy leading the
upward movement. The upward turn in
prices Twas directly to easier money. The
treasurer to-day succeeded in getting S442, OOG
in skies OF 80 at slO25s, an Exchange
Place firm bidding S1,03 for these bonds. to
turn into the treasury. This is for the nnr.
pose of getting the money out of the treasury
and into the banks. The treasury psyments
for pensions, which will begin tomorrow,
amount to $4,000 900. The decline in
Chicago & Northwestern was attributed r.
the realization on Is, 600 shares by an operator
on au advantage, seized upon to cover some
of their outstanding short interest.
The Graphic says: Mr.. Vanderbilt has en-.
tered into an understanding with fiveyof the
heaviest holders of Chicago, Burlington &
Quincy stock, that he shall buy SIS, OOO. OO(
worth of shares, and their UNDERSTANDING
contains further stipulation that the invest.
| ment shall be permanent and that he shall be
given representation in the next board OF
direction, contingent, however. upon the
execution of scheme projected by jaw
Gould. similar understanding exists
between Mr. Vanderbilt and the heaviest
holders of Atchison. Topeka & Santa Fe Mr..
Vanderbilt does not care to enter into the di.
rection of these lines unless it shall he
necessary as measure of defense against the
hostile combinations of Gould.
The earnings of the Chicago, Alton & st.
Louis road increased $27, 600 the third week in
November. The Denver & Bio Grande road
gained S84, 600 the fourth week in November
and for the month s27S,000.
The transactions aggregated 38I,0 900 shares. of
which 5000 we're Chicago, Burlington & Quincy:
1000 Chicago, Columbus l. Indiana Central
1880 Delaware, Lackawsnna & Western; $500 Dels'
ware Hudson; $4,000 Erie; 1000 Hannibal h 81
Joe; 1000 ST. Louis Il Iron Mountain: 9.2OO Mis-.
souri,, Kansas & Texas; $4,000 Lake shore: 200O
Lake Erie Western; $500 Michigan Central 81 900
Chicago Northwestern: $500 Nashville Chatta-
nooga Il st. LOUIS 1S 600 New Jersey Central: ana
New York Central; 400 Northern Pacific: 2406
Ohio 4 AIssissippi $4,000 Ontario /. Western: O0o
Pacific Mail; 1000 Philadelphia & Reading; 2s.O1o
Chicago, Milwaukee Il st. Paul; 1880 st. Paul 4
Omaha; 1900 Union Pacific: 9.400 Wabash. az
Louis q Pacific; $1,000 Western Union and 5000
Ohio Central. NfSN"