Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-11-27

| steady. Merrimac shrtings advanced to 6116or
Mems wear wOOlenS quiet and firm
Yarns and fabrics at Manchester lower.
Eastern and European Markets.
New YORK, Nov. 26.-Money active at 40
6 l-l6 per cent. Prime mercantile paper $50
6 per cent. Sterling exchange, bankers bills
weak at $780, Sight exchange on New York
S4.82. The money market was stringent this
afternoon and stock brokers paid 1-l6 of per
! cent. per day to get money at 6 per cent. The
| rate at bank was, as for several days, uniformly
6 per cent. This afternoon liberal commits
| sion was bid to get money at per cent. until
the first week in January. although early in
| the day few loans were offered for the re-
mainder of the year at per cent.
| Dry goods imports for the week. 81, 345 600.
| Governments firm, except for AIS and 4s,
which declined 3s@% per cent. In railroad
bonds the principal dealings were in Erie Sec
ond consols, which early advanced to 1925,
later declined to 1915, and again advanced to
| 1928, then declined to 10lI, closing at 1014;
Texas Pacific frsts, Rio Grande division, ad-
vanced Il per cent. to 95; Mobile & Ohio sec
ond debentures per cent. to Sc; st. Paul &
| Sioux City firsts 1 per cent. to 108; Chicago,
| Milwaukee & st. Paul, Southern Minnesota
division, per cent. to 1903; Texas Pacific in
come land grant seveus per cent. to IN, and
| Chesapeake & Ohio bonds q per cent. to ~.
State securities moderately active.
| Stocks-The stock market opened strong and
| generally 1902 per cent. higher, Erie, the
| granger and coal shares showing the most i'm
provement in the early dealings. and an ad-
| vance of A@3I per cent. was recorded, the
| latter in Delaware, Lackawanna & Western.
subsequently speculation became depressed
and decline of ID 03 per cent. took place, the
latter in Western Union Telegraph, which was
| followed by recovery Of sol per cent, but
in the late dealings the market again became
| weak and closed at about the lowest figures of
| the day, decline, as compared with Wednes-
| days closing, from $685. per cent, Western
| Union Telegraph leading in the downward
| movement. The rumor comes from Boston
| that VIM. H. Vanderbilt and D. o. Mills, of
| this city, are negotiating for a block of Union
Pacific stock, which will give them control of
| the road. It is claimed that the controlling
interest is for sale at 120, and that Vanderbilt
and Mills already own large proportion of
the share capital. Another of the rumors cur
rent on the street is that several of the large
| California capitalist spectators not before in
this rnarke. have brought their movement here
and have for a week been buying stocks. Still
another rumor is to the effect that Gould has
been caught largely short of Chicago North
western. Chicago, Milwaukee & st. Paul, Lake
Shore and Erie, and has lost heavily. new
counterfeit $l0 United States note was dis
covered at the sub-treasury to-day. Since the
! announcement of the decision of Judge Wal
lace, of the United States circuit court, in the
case of the National Albany Exchange bank, in
regard to taxation of bank shares, it has been
learned that the National Bank of Commerce
of this city ia to file bill ia the United States
circuit court against the city and Martin T.
Mellon, as receiver of taxes, to restrain the
| collection of taxes imposed by the city upon
bank shares for the year 1880.
The Evening Post" says it appears the great
rise of Wednesday on Chicago & Northwestern
and in Chicago, Milwaukee d st. Paul was due
| to reports of large stock dividends. There are
reports that Vanderbilt intended to bring about
a union of the Chicago & Northwestern, Lake
| Shore and New York Central railroads. Lake
Shore & Michigan Southern stock has been
| added to the London list and is selling at l29
| Speculation continues at high pressure at the
| Stock Exchange, but up to the present time
has been confined to much larger extent than
| in previous years, when it has been run to ex-
| tremes by professional speculators. The pro-
posed consolidation of two mining companies
| is now under discussion. Speculation in cot
ton has blszed up to-day and the result is that
prices here are considerably higher than in
Liverpool thus far to-day. The treasury bought
| $4,000 in 6s of 1880, at 1929. Erie second
! consols are up to 1035s, the highest price
| ever paid for them; Erie earnings are reported
at the rate of nearly s42.OO0,00o per annum.
The banks are still losing money to the in
terror and treasury, but are gaining, although
in a smaller degree, by imports. Tee receipts
of gold thus far this week are below expecta-
| tions, but it is estimated that not far from
| 81 ,000 600 ara afoat. The Clearing House ex.
changes for the whole country show decline
| of 513 per cent. from last year, those at New
York falling about 8 per cent.
The transactions aggregated $4,000 shares, of
which 200 were Chicago, Burlington & Quincy:
2,4c0 Cleveland Columbus, Cincinnati Indianapo-
| lis; 5000 Delaware. Lackawanna & Western; "a
Delaware Hudson; 2,200 Denver & Rio Grande;
| 10000 Erie; $1,000 Hannibal & ST. Joe; 1000 St
Louis &Iron Mountain; 2,OC0 Illinois Central 1900
Missouri, Kansas Texas; O,C00 Lake Shore; 400
Lake Erie b Western; 1900 Michigan Central 800
Morris & Essex; 100 Marietta Cincinnati first
PREFERRED $4,000 Chicago & Northwestern; 5000
Nashville, Chattanooga 4 st. Louis 8 600 New York
Central; 1900 Northern Pacifc 200 Ohio & Miss
issippi; 90 900 Ontario Western 600 Pacific Mail
! $500 Philadelphia & Reading; 25OO Chicago, Mil,
waukee& ST. Paul; 1900 st. Paul Il Omaha; 900
Union Pacific; O.000 Wabash. st Louis 4 Pacific;
$1,000 Western Union; 1900 Chicago, Rock Island &
Pacific and 1880 Louisville Nashville
MORNING QUOTATIONS.
Rock Island. .125A Ind. Bloom'n & W. a
Panama. ...........2O8 80. r. & Nj. IS
Fort Wayne. .14 Alton Terre Haute 81
Pittsburgh. lbs do preferred . ITO
oic Uoba