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 annum and 1-16 per cent. per diem,
closing at per cent. per annum. Prime mer-
camille paper 7 per cent. Sterling ex-
change, bankers bills weak at $479%. Sight
exchange on New York S4S1Z.
Dry goods imports for the week. 81. 40S, 900.
Governments weak and lower for As and 415s
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 4@215 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 1l@33s per cent, Western Union
Telegraph and Nashville, Chattanooga & St.
Louis leading in the downward movement.
| st. Louis Il Iron Mountain was notably weak
and declined 81. per cent. During the after
noon speculation was irregular, but in the late
dealings a sharp advance took place, in which
the entire list participated, and the market
! closed strong at an improvement of I@315
per cent, st. Louis & Iron Mountain, Western
Union Telegraph and granger and coal shares
leading. Chicago, Rock Island l. Pacific and
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 1877 900,
| and Chicago, Milwaukee & st. Paul Sl0l,0 900.
The E0ening Post says the money marke t
was fairly stringent to-day, 6 per cent. being
the minimum rate, and many loans by stock
brokers on a commission of 1z@1-l6 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(07 per cent. with the mar
ket dull. This is nationally more discriminat-
ing on the part of buyers since the suspension
of 3. G.. Arnold & Co., which caused the sus-
pension to. day of Bowie, Dash & Co. Share
speculation hes also been demoralized by
break downs in Western Union Telegraph stock,
the price having fallen at the close yesterda V
to S21 4. This morning there was rally to
IS, which WIS FL c' by another plunge to
SIS. As we write Western Union is selling
at 82I 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 41@4l1,
and Nashville, Chattanooga & st. Louis, S715;
Union Pacific declined to LOG, Chicago. Burling
ton & Quincy to 174, New jersey Central to a.
New York Central to 143 Chicago g. Northwest
ern to 12419, Chicago, Milwaukee & st. Paul to
1881, Delaware, Lackawanna & Western to
1OlX, Lake Shore to 1919, these prices repre-
senting the decline from yesterdays prices
from l to per cent. The decline in st. Louis
d 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 & 90. The d.
rectors of the St. Paul & Omaha railroad have
to-day declared a 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 $63S. 900. The
dividend amounts to Sl48,750.
The transactions aggregated $4,000 shares, of
which 1,7OO were Chicago, Burlington Quincy
ns l. Western; 400 Delaware l. Hudson; l,7O0
Denver Rio Grande; $4,000 Erie; 1900 Hannibal
& St. Joe: ii 900 st. Louis & Iron Mountain; 2aOO0
Missouri, Kansas L Texas; Il 900 Lake Shore 1,7CO
Lake Erie & Western; 5000 Louisville & Nashville
1900 Michigan Central; $4,000 Chicago North
S5, coo New Jersey Central; 7,40O New York Cen
trail; 1900 Northern Pacific; 2,700 Ohio Missis-
sippi; 5000 Ontario & Western %. 900 Pacific Mail
1890 Philadelphia Reading; 5000 Chicago, Mil
waukee ST. Paul; ,400iSt. Paul & Omaha; $4,000
Union Pacific; 900 wabash st Louis Pacific !;
$4,000 Western Union; 1900 Chicago, Rock Island &
Pacific; 5000 Central Arizona; 5000 Texas Pacific
and $500 st. Louis 4 San Francisco