Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-27
MONEY AND TRADE.
FINANCIAL.
Money and StOcka

lief that The resumption of the export movement in
grain a provisions is near at hand The transac-
tons in railroad mortgages were on scale OF great
magnitude. and the speculative interest in this class
OF securities is steadily increasing. Prices advanced
1905 per cent. with the Fries, Kansas Texas, Co
lumbus, Chicago 4 Indiana Central, Denver Rio
Graude hr,ts Intern ational Houston and Great
Northern is as the features. The greatest ad-
vance, per cent, iu International seconds.
Erie cousol seconds sold up to S9st, Columbus Chi
cago Indiana Central first to 94al, supplementary
to SO, and incomes to IS Denver Rio Grande rsts
rose to 9Sil. State securities dull.
Stocks--The stock market opened strong for the
general list aud prices advanced A@1h Ter cent,
the latter Chicago, st. Paul Minneapolis. weak
feeling set at the first board. aud decline of 40
Ia per ensued, Northwestern and coal shares
leading the downward movement. After midday
the market again became strong and buoyant, and
continued to tho close, the advanc, ranging from
Il to 31s per cent, Toledo & Wabash and Eiie be-
ing the chief features of the improvement. st.
Louis & San Francisco shares declined lhG3 per
cent Chicago, Burlington & Quincy declined Ia
per ceut., advanced 50 per cent and CT sed at re-
action of per cent from the highest point Kansas
Petite fell off 81. Per cent. Union Pacific advanced
"a per cent, but reacted 1ss per cent 1ndianapo Is,
Bloomington Western advanced AZ per cent and
reacted ~ per cent. The general list closed strorg
The present move ia Toledo Wabash ID said to have
been delaye till the Union Pacific consolidation was
compile ed which was on Saturday. The movement
in Erie, strange it seems, has the apparent support
Of the Vanderbilt people. Various reasons were
signed for the strength of Erie and Toledo Wa.
bash. The 'Graphic" Gays: 1.-The unusual strength
and activity e1h bied by Erie on Saturday and to-
day has excited considerable curiosity This strength
a. p=ars to be based on the Encouragement Of the
pooling percentages between Erie aud the New York
Central aud lis allied roads. BY this arrangement
it is commended that Eric VIII be benefited to the
tent OF 100000 per snnum. The Lake Shore
Michigan Southern said to be also largely bene-
hted by the arrangement. 1t is stated that calls
on Russell Sage for some 5000 shares Of Toledo l.
Wabash stocks expire to-day. From til fact it is
argued that pri es of Toledo 4 Wabash stocks have
been kept below the calling point and that, the calls
being out of the way, these stocks likely to sd-
vance," The "Com ercialr says: ''Various rumors
current to there the fr buying OF Erie 60 es
from. The stock seems TO have too many friends
aud in too many direct ons to authorize the state
met that it owes its buoyancy 10 euy one or more
of the great operators 1t is, III truth, favorlte OF
the ublic, in whose good opinion and confidence
of the future CT the stock JeSett and Vanderbilt prob
ably largely share. AT all events We are quite sure
these istiag ushed railroad authorities uude stand
each other. The prosl ect of Erie obt.ining good
percentage of New England business also helped the
advance 1t is said bull combinations are form
Ing am 9ng prominent operators 1t appears that the
bear -eat il Genital Arizona has not been very
successful. Tho Commercial Advert err publishes
the following in relati n thereto: "The excitement
in Central ARENA, are assured which has been
the mining sensation of Wall street the past month,
to-. ,t,,
1t appears that the Young operator who has been
manipulating stock, being IL ore bold than prudent
aud experienced, has been led by his temporary sue
cess to put himself into very ingerous trap. 1t
is known that he has been heavy seller of Central
Arizona for several dsys and it transpires that
he is short OF stock, and attempt Of his brokers to
buy on Saturday developed the fact that there was
very little stock Offering and they only succeeded in
getting about 5000 shares ~ per cent advance.
1t is said william Bond, presiden; Of tbs company,
formerly manager of the Missouri, Kansas Texas
ilroad, and his friends, bought last week $4,000
shares os the stock, which will be held for much
higher prices. All attempts Of the Spectator re-
ferred TO above assisted by prominent evening pa
Der, Gisparage the property to enable him to buy
have proved uIavang, as its value ia too we'll appre-
cated ty its promoters, and but for the sales o: this
party it would undoubtedly have bee selling at %
to-day. His brokers we're large borrowers OF stock
to-day. stock that ST. per share Can be borrowed
on may be sad TO look cheap at present prices"
Inc Graphic" says: s'Regarding some transactions
certa operator in Central Arizona is said 20 have
burned his fingers pretty badly. Taking advantage
of sharp decline last week. he uuloaded all his
stock and in addition welt short while the pool III
stock refuse TO let any Of it go, aud are encouraR
ing dealings by making the stock negotiable az col
lateral. The company has an unqu stionabiy valua-
bic property, but it ia that should not be made
football of speculation. mine that will pay to
work will pay best on its merits - The who amount
asked hy Woerishofcr i Co. for the Pueblo & st.
Louis railroad ribed in three days, and the
first call OF 10 per cent. was made to-day 1t Is ex-
pected the line will be completed In ten months by
working from both ends, Pueblo, Col, and Atchi-
sor Kansas.
At the close transactions aggregated $50 900 Shares
of which 1870 Canada Southern; 2,00 Cent al
Arizona; 1850 Chesapeake & Chic; 500 Columbus,
Gu cago & Indisna c ntrEl; 6. 400 Chicago, Bur-
hngton & Quincy: 80 Delaware, Lackswanns
Western; 1850 0 Erie; 500 Hannibal &St. Joe;
1000 Houston & Texas: $40 ST. Louis 4 Iron Noun
tam; 24U indianapolis C;ncinuati L Lafayette:
81 ,0U0 Kansas & Texas; 1000 L Ike Shore Mchi-
gan Southern: 1,l0J Louisville & Nashville; g., 90
Michigan Central: 1000 Chicago & northeastern:
5000 Nashville, Chattanooga & St. Louis: 1000 New
Jersey Central; 500 Northern Pacific; 1l,00O Ohio
K Mississippi: 900 Pacific Mall l.. OF Milwaukee 4
st Paul 800 St. Louis L San Francisco; 1900
Union Pacific; 1870 0 Wabash, at. Louis l. Pacific,
and loo Western Union.
Money, 4G5 per cent closing at per cent Prime
mercantile paper SOS per CENT Sterling exchange,
bankers bills slIa sight exchange on New York
ssh.
Inc following were the closing quotations:
GOVERNMENTS.
Coupons, 'si.......I 04as New per cents .1o4A
New S. .1o3H Currency &c. ....... ....
New .iss.......lO7;4 Pacific 6s, 'e5.......122
sTOoKs.
Chi. & Rock Island l4e Iron Mountain 49,. Sc