Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-22
Eastern and European Markets.

NEW YORK, Dee. 21.-Money 6 per cent.
per annum and - per cent. per diem, closing
at per cent. per annum. Prime mercantile
paper 5is@6 per cent. Sterling exchange,
bankers bills steady at S4.7914. Sight eX-
change on New York, S4.S214.
Governments quiet and firm. Railroad bonds
active but fluctuations not wide. State Sc
curties in light request except for Tennessee
and Alabama, which were fairly active.
Stocks-The stock market opened weak
and in the iy dealings declined 14@1% per
cent, Nashville, Chattanooga & st. Louis,
Canada Southern, Lake Shore, Michigan Cen
trail and granger stocks leading in the down
ward movement. AT the first board spccula-
ton and prices advanced 14@4 per cent, Man
haitian Elevated, Western Union Telegraph,
Metropolitan and New York Elevated and ST.
Paul " Omaha preferred being most promi-
ncnt in the improvement. During the after
noon decline 14@2 per cent was recorded,
the latter in Canada Southern, but in the late
transactions the market again became strong
and closed at an advance of 14@124 per cent,
Canada Southern, Wabash, st. Louis IL Pacific
preferred and Chicago, Milwaukee IL ST. Paul
leading in the advance. Dividends were de-
clared to-day of per cent. on Lake Shore,
per cent. on Michigan Central and 214 per cent.
on Canada Southern. The earnings of the
Michigan Central railroad increase S649, 900 for
the fiscal year, those of the New Jersey Central
Sj,053,0 600, and the Canada Southern S91, 600
The treasury bought $4,000 in Is of 1880
The Graphic says: Mcssrs. Belmont, Selig-
man IL Son, and the firm of Drexel, Morgan &
Co., have recently been in Washington and
have had several business interviews with Sec
rotary Sherman. 1t is now announced that
the interest checks on 1SS0s will be mailed to-
morrow, and the secretary says that between
the 22nd inst and the 10th of January he ex-
poets TO disbursc 81 ,O00, 900, mainly consist
ing of payments of 1SS0s and interest thereon,
interest on isis, pensions, and about SIC, OOO,-
600 interest on t per cents. There has been
some good buying of New York & Straitsville
Coal company shares the past few days on IA
vorablc reports about an early increase of ia
cilities and earnings, and a dividend in January
is mentioned as among the possibilities
From the Evening Posts financial article:
The early transactions in speculative markets
ut the Stock Exchange indicated a fear of
further large sales of long stocks to realize the
recent advance in prices, but as the day ad-
vanccd this disappeared and fresh, confident
BUYERS became festive. Prices opened at de-
cline of = TO per cent. from Yesterdays
closing; then a further decline of Il to i per
cent. From this range, which was reached at
IL O'Clock, there has been an advance of 1tdS
per cent, led by Manhattan Elevated. The
next largest rise was rs in Western Union
and 2ls per cent. in Metropolitan Elevated:
next, = per cent in st. Paul 4 Omaha and =
per cent in Chicago, Milwaukee d ST. Paul.
Other notably strong changes are Texas IL Pa
cifc, Missouri, Kansas Il Texas, St Louis a
Iron Mountain, Pacific Mail and Wabash, st.
Louis Il Pacific preferred, each of which ad-
vanced per cent Railroad bonds are dull.
These subject 10 speculative influence gencr-
ally somewhat lower. United States bonds
strong but lower. The treasury TO-DAY bought
SSo0,o65 of 1Ss0s at 81 .G2X. In ten DAYS
time the treasury will be Obliged 10 pay 81 .o3
for all presented.
The transactions aggregated S., 900 shares,
of which 800 Chicago, Burlington d Quincy;
1900 Canada Southern; 2,40O Chicago, Co.
1umbus N Indiana Central; 1900 Cleveland
Columbus, Cincinnati IL Indianapolis: SOC
Central Arizona; | 100 Chicago & Alton; IL.
COO Delaware, Lackawanna Il Western: 2. 4Os
Delaware II Hudson; 1900 Denver & Rio
Grande; $4,000 Eric; II 900 Hannibal & ST
Joe: GOO. Houston IL Texas; 5000 ST. Louis
x Iron Mountains; q 900 Missouri, Kansas &
Texas; 1,SO0 Lake Erie & Western: IS, 600 Lake
Shore; 5000 Michigan Central; 1000 Chica
go d Northwestern 600 Nashville, Chatta
nOoga d st. Louis; 5000 New Jersey Central
400 New York Central; 1900 Northern Pa
cific; 600 Ohio Central; 5000 Pacific
Mail; 1000 Philadelphia IL Reading; 10000
Chicago, milwaukee, d st. Paul; $4,000 st
Paul & Omaha; 5000 Texas Pacific; $1,000
Union Pacific; $1,000 Wabash, St!Louis & Pa
citic; $4,000 Western Union; $500 louisville &