Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-24
Eastern and European Markets.

NEW YORK, Dec 23.-MOney easy at Sac per
cent, closing at 5 per cent Prime mercantile
paper 515 @615 per cent. Sterling exchange,
bankers bills strong at $4.SO4. Sight ex-
change on New York, S4.83.
Governments dull but strong. In the rail
road bond market Lehigh & Wilkesbarrc adj
vanced 21s per cent. to SIS; Chesapeake q Ohio
tirsts, series B, per cent to So; Kansas Pacific
first consols % per cent. to 104; Texas Pacific
tirsts, Rio Grande division, advanced TX per
cent. to 994, and later declined % per cent. to
9S15; Erie seconds advanced ~ per cent to
1902; do funded tives 1 per cent. to 81; Chesa-
peake d Ohio currency skies per cent to 40;
B. FL. & E. tirsts advanced from 46 to As; In
diana, Bloomington 81 Western seconds from
6914 to 70, and Denver 81 Rio Grande consols
from 114$4 to 116. One million dollars of the
last named bonds were to-day taken for German
account. State securities active and strong as
a rule.
Stocks-The stock market opened irregular
and in the early dealings declined 15@11s
per cent, the latter in Union Pacific. At the
first board, however, speculation assumed a
strong tone and under the influence of a steady
buying movement prices advanced sharply, the
market continuing strong up to the close OF
business, when the highest prices were gen
orally current. The advance from the lowest
point ranged from 14@41a per cent, the latter
in Chicago u Alton, while Hannibal Il ST. Joe
preferred rose per cent, Central Pacific 33s
per cent and Union Pacific 25s per cent The
rise in Central Pacific was due to considerable
purchases for foreign account. 1t was an
nOunced from Boston this afternoon that nego-
tiatiOns arc nearly concluded for the speedy
consolidation of the Union Pacific and Central
Pacific railroads. The earnings of the St. Paul,
Minneapolis d Manitoba railroad increased
S43, 600 the second week of December.
Evening Posts financial article: The United
States assistant treasurer this morning received
instructions from Washington to begin
payment without rebate, of the january
interest, which amounts to S15, zoe, 900. The
remaining Us of 1880, between $4,000, 900 and
$10O,O0O,0 900, will not be paid until maturity.
We have to-day for per cent. money market
all the money which is to come out of the
treasury, and will be new money to the market.
The profits of all kinds of corporations have
been very large the last six months, and the
ulNiuciluS Oh tileSe prOnIS VIII probably exceed
in amount anything known. The money to
pay, however, is to large extent lent in the
market, and must be called in before dividends
can be handed to those entitled to receive
them. The stock market the first two hours
was alternately strong and heavy
The transactions aggregated SIC, 200 shares,
of which $1,000 Canada Southern: 900 Cleve,
land, Columbus, Cincinnati 81 indianapolis:
| 100 Chicago, Columbus u Indiana Central:
5000 Central Arizona; 1000 Chicago &
Alton; 5000 Delaware, Lackawanna e.
Western; $4,000 Delaware e Hudson; 1000
Erie; $4,000 Hannibal & ST. Joe; $500 st.
Louis d Iron Mountain; $500 Missouri, Kan
sas & Texas; 10000 Lake Shore; 1000 Louis
vile u Nashville; 1000 Michigan Central; TO-
600 Chicago IL Northwestern; / 800 Nashville,
Chattanooga IL st. Louis; $500 New Jersey
Central; 1900 New York Central; 5000 Pacific
Mail; 1900 Philadelphia & Reading; IL, 900
Chicago, Milwaukee IL St. Paul; $500 st
Paul IL Omaha; 1900 st. Louis 81 San Francis
co; roo Texas Pacific; $4,000 Union Pacific
1900 Wabash, st Louis Il Pacific; 81 900 West!
ern Union; 1000 Illinois Central; 62 900 Ohio
Central; 5000 Chesapeake d Ohio and 1000
Central Pacific