Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-04
Eastern and Europeap Msrket..

New YORK, Dec. 3.-Money per cent. per
annum; e per cent. per diem closing at 6
per cent. Prime mercantile paper 51S@61S
per cent. Sterling exchange, bankers' bills
weak at $4.79. Sight exchange on New York
$4,000.
Money was loaned up as high as 10 per cent
per annum and 1-16 to of one per cent.
per diem, and as low as per cent. Thaking
the day as a 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 d Texas seconds, which advanced to
1928. and do consuls assented. which in the
forenoon sod down to Sl.0S15, but later I'D
vanced to $1.I0. State securities dull.
Stocks-The stock market opened weak
and in the early dealings prices declined II to
tod per cent, the greatest decline being in
Chicago Il Northwestern common, which sold
down to 91.17Sl, against $l.21% at the close
yesterday. the preferred stock selling off q
per cent During the afternoon these shares
became firm, and closed at a recovery Of Il
for common and % for the preferred. In the
general list the decline ranged from Il to
2as. the latter being Chicago, Milwaukee Il 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 a to 81 per cent,
Missouri, Kansas & Texas, Chicago, Milwaukee
& 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. 600
in skies of 80 at $i.027s. an Exchange
Place firm bidding SIO3 for these bonds. to
turn into the treasury. This is for the mr.
pose of getting the money out of the treasury
aud into the banks. The treasury payments
for pensions, which will begin tomorrow.
amount to $1,000 900. The decline in
Chicago & Northwestern was attributed TO
the realization on $4,000 shares by an operator
on an advantage, seized upon to cover some
Of their outstanding short interest.
The Graphic says: Mr.. Vanderbilt has en-
tered into an understanding with five?of the
heaviest holders of Chicago, Burlington &
Quincy stock, that he shall buy $4,000, 600
worth of shares, and their understanding
contains a 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 jay
Gould. A similar understanding exists
between MIR. Vanderbilt and the heaviest
holders of Atchison, Topeka & Santa Fe. MIR.
Vanderbilt does not care to enter into the di.
rection of these lines unless it shall be
necessary as measure of defense against the
hostile com binations Of Gould.
The earnings of the Chicago, Alton & st.
Louis road increased $27, 900 the third week in
November. The Denver q Rio Graude road
gained S84 900 the fourth week in November
and for the month S27S00O.
The transactions aggregated $4,000 shares. of
which 5000 were Chicago, Burlington. Quincy
1000 Chicago, Columbus & Indiana Central :
1880 Delaware, Lackawanna Western; s,4eO Della,
ware Hudson; $1,000 Erie; 1900 Hannibal & ST
Joe; 1900 st. Louis & Iron Mountain 1900 Mis-
souri,, Kansas IL Texas; 5000 Lake Shore; 1000
Lake Erie Western; $500 Michigan Central; 81 900
Chicago Northwestern: 1880 Nashville, Chatta-
nooga st. Louis; Is 600 New Jersey central: 300
New York Central; 400 Northern Pacific; 2,4OO
Ohio Mississippi; $4,000 Ontario Il Western; 5000
Pacific Mail; 1000 Philadelphia & Reading; 28OOO
Chicago, Milwaukee & st. Paul; 1880 st. Paul
Louis & Pacific; $4,000 Western Union and 5000
Ohio Central,