Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-19

BANK STATEMENT.
The following is the weekly statement Of
the New York associated banks:
Loans, decrease. $50. 600
Specie, increase. 73S.5OO
Deposits, increase. ...... 1874. roo
SFcdlation, decrease. ....-..... 10,S00
heSerFe' increase -........ 2,l71 1923
The banks now hold g, O8S, 725 In excess of
legal requirements.
Governments quiet and firm. Railroad
bonds strong and active. State securities gen
orally inactive,
Stocks-The stock market opened strong
and buoyant and under heavy purchases the
general list advanced sharply, Chicago & Alton
leading the upward movement with an ad-
vance of 81 per cent; Illinois Central TX per
cent but subsequently reacted 9 per ceut,
Chicago IL Alton reacting u per cent and
the general list 4 to per cent During the
afternoon the market was characterized by a
decidedly strong tone and the upward move
ment in price was resumed. Speculation con-
tinued strong to the close of business, the final
sales being generally at the best figures of the
das. The advance on the days transactions
ranged from 4 to ~ per cent, elevated
stocks, Shenango & Allegheny, Illinois Cen
trial, Hannibal 81 st. Joe and st. Paul &; Oma-
ha leading the improvement
The Evening Express financial writer says:
The weeks importations OF gold from
Europe, were on an enormous scale, the
arrivals for the week ended yesterday being
Sc, 151 400, all of which was foreign coin and
bars. The total arrivals at the ASSAY Office
since Aug.2 $5S,53S, 300, of which S., 769, 800
American coin and $50, 49, 800 foreign coin
and bars. The arrivals for the corresponding
period last year were S72, 743, $50. Payments by
the assay office on this account were $5,647,-
| 600 for the week and $50, 100000 since Aug g.
Governments steady on quite active market,
quotations to-day showing no appreciate
change from those of last Saturday State
bonds were strong early in the week but sub
seQuently some reaction was recorded in many
cases. Railroad bonds were active and buoy
ant and, as rule, followed more or less close
| ~ in the course of their kindred shares. In
| the stock market all investment issues ad-
| vanced sharply and the formerly low priced
bonds, III which by far the largest transactions
| took place, shared in the improving prices.
| Nearly all income, land grant and debenture
! bonds on the list were in brisk demand and
figured largely in the transactions. Railway
and miscellaneous speculation throughout the
week was characterized by great activity and
an unusually buoyant feeling. The upward
| movement began to make progress at the
| very opening and continued with more or less
yigor to 4he close to-day, when, in many cases
the highest quotations ever known were cur
| rent. The advance in prices for the week
ranged from 215 to 201l per cent, the improve
ment in most of the inactive shares having
been generally from to 10 per cent The
general causes at work to produce the remark
able buoyancy of the'week wereIthe heavy ar
rivals of gold from Europe, the easier condi
ton of the money market toward the close
prospect of the early passage of the per cent
funding bill by Congress and the purchase Of
and payment for alarge block of St. Louis &
Iron Mountain shares. There were numerou,
special causes also at work, especially in favor
Of some stocks, which made the greatest ad
vance Of the week. Chicago d Alton mad,
large advance on the renewal of rumon