Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-04
MONEY AND TRADE,
FINANCIAL.
Money and 6tockn

| New YORK. Feb. 3-Goyernments strong and
higher. Railroad bonds firm and generally higher.
| State securities dull.
Stock5--The stock market was dull and weak in the
early dealings and the general list declined A0lA
per cent while Chicago, st. Louis & New Orleans
fell of "a and Canada Southern 81 per cent Dur
ng the afternoon strong tone set In and prices adj
v4nced i4G2A Ter cent, Chesapeake Ohio Gag
ada u hern and Chicago, st. Louis & New Orleans
leading the upward movement The principal ac-
tivity IN Erie and Lake Shore l. Michigan South
| ern. Louisville 4 Nashville WIS exceptionally weak
and declined 2 per cent. The announcement that
| the treasury would buy Sll,C00,0O0 worth of bonds
for the sinking fund had buoyant effect shares
speculation. The strength n Erie shares, as well as
bonds, due 10 reports that contracts with the
| New Yoik Central for portion of the New England
business and also strength for of the traffic of
the L Ike SHIRE & Michigan Southern, Michigan
Central and Canada Southern at Buffalo, bad been.
| sign, d. There active and strong buying of
Che apeate Ohio securities, based the fact that
| the western link is 10 be pushed to completion and
Inc road connected with the railway system of the
| West. The stocks Of this company rose 102 per
cent AID the bonds 1H12. Large purchases were
| made by strong parties who apparently In pos
session of important facts concerning futures o! the
| property. The reports bout syndicate in Lake
| Shore n Michigan Southern were raised again to-
day. but nothing defipite in regard thereto an.
nouuced. There is pool in the stock, and this
may be the foundation for the report. Arrangements
are in progress with view funding tho indebted
| less to Of the Pacific Mail. The amount
mas been largely reduced during the past year, and
the directors of the latter company willing to sd-
vance money enough 10 pay off the debt and fund
the amount. The agents of the company ara busily
c4uvassing among the priccipal shippers for time
contracts on freight. The reported freight rates on
petroleum will BE- advanced by ali the trunk lines at
au early Day. The followi, resolution was adopted
| by the stock exchange to-day:
| RsSOiUed, That ths law committee of the New
York took cxch ing be authorized aud required to
| take cognizance OF any complaints made by anyone
against persons or fir ms who represent theustves
doing their business through at the New York
stock exchange, and who, 1t is legged, are doiJg
fraudU ent cuisines to investigate fully and with the
Utmost care all cases that may be placed before
The D. and ii they satisfied thst he parties COM
gained OF are carrying a fraudulent business,
they hail take al leg Il aud proper to bring
the guilty to justice and defeat their purposes.
The earnings of the Louisville l. Nashville railroad
for the third week Of January sl46OOo against
$1,000 for the week last year, increase OF
$500. The gain for the first three weeks In JaL'
uary. as compared with the same period last year
was SI4l 1888. The earnings of the northwestern
r5atS SHOW al lucIedse OI Line
earnings of the New York Central road for January
were between S7O0,toJ and Ss0O,COO larger than last
year.
At the close transactions aggregated l65 Don shares
OF which $500 Chicago, ST. Louis & New Or
leans; 1880 Chesapeake & Ohio; 1900 Delaware
Lacka Hauns i Western; 81, 800 Erie; 1000 Hsnpiba
Il st Joe; 5000 st. Louis & iron Mountain; 6,OO(
} Missouri, Kansas & Texas; 1900 Lake shore /
Michigan Southern; 5000 Michigan Central; lao,
| Chicago Il Northwestern: 1000 New Jersey Central
. In (plnD artFf Mall i1uvo11
Paul: 1890 Wabash, st. Louis Pacific; 2,4Ut
, | Western Union, and 1890 st. Paul & Sioux City.
Money, SOS per cent. Prime mercantile paper ga
81. per cent Sterling exchange, bankers bills s1A
2 sight exchange New York s414.
! Produce exports for the week, S., 900.
| The following we're the closing quotations: