Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-29
MONEY AND TRADE.
FINANCIAL.
Money and Stook1.

New YORK, Jan. 2S.-Governments strong and
higher except for '81s and bs coupons, which were
steady Railroad bonds strong and active. State
securities dull.
Stocks-The stock market was active and buoyant
in the early dealings, and prices advanced 1aD4S
per cent, Nashville, Chattanooga st. Louis, Lake
Shore Michigan Southern Erie, the grangers. the
coal shares, Michigan Central, Toledo Wabash and
Manhattan Elevated railway leading the upward
movement. Louisville h Nashville declined from
l24l to l21 rose to 125 and closed at 123. During
the afternoon there reaction Of sol per cent
In the general list but the decline was recovered at
the Close under the leadership of Hannibal st. Joe
shares which became active and advanced per cent
for co mon and ~ per cent. for preferred. Nasn-
vile, Chattanooga st. Louis opened at 81, sold up
to $685. closed offered at "a without bids. Marietta
l. Cincinnati first preferred closed at 1875. Rumors
affecting the credit of the GermaD-American bank
of this city having been circulated, this afternoon
the clearing house committee made careful exami-
nation of its condition, and report that such rumors
have no foundation in fact The following circular,
issued this afternoon explains itself: at has been
decided by the committee in charge of the Central
Pacific syndicate not to dispose of any stock at pr-
waite sale. The applications for it amount Ia the
aggregate already to half the number Of shares
on hand, and the committee find 1t impossible to
reconcile all interests concerned in any other way
than by affording each equal chance in free and
open market. The first fifty thousand shares will,
therefore, be for sale on Thursday morning. 29th Of
January in the New York stock exchange, at scale
of prices ranging from 80 to 3d. it being intended to
effect an average of 81. The starting price .s pur-
posey made low in order to give ample opportunity
for profit to purchasers. (Signed) R. R. Flour, j.
D. Prince, J. D. Probst, committee" 1t is reported
that Mr. Huntingdon intends to use the proceeds Of
his 100000 shares Of Central Pacific stock for the
purpose Of extending and developing the chesapeake
l. Ohio road. The Toledo & Wabash railroad has
given out a contract for the manufacture Of 1900
new freight cars.
At the close transactions aggregated 600 shares,
Of which 5000 were Canada Southern; 5000 Central
Arizona; AGO Columbus, Chicago Indiana Gem
trail; 1900 Delaware, Lsckawanna western;
1870 0 Erie; 5000 Hannibal & St. Joe; 1900 Hous-
ton & Texas; 1000 st. Louis h Iron Mountain; 1900
Kansas & Texas; $500 Lske Shore Michigan
Southern; $4,000 Louisville Nashville; $1,000
Michigan Central; 1000 Marietta & Cincinnati first
preferred; $4,000 Chicago Northwestern; $4,000
Nashville, Chattanooga st. Louis; 1000 New
Jersey Central; 1900 Ohio & Mississippi 10000 Pa
ciac Mail; $4,000 Milwaukee & st. Paul: 220tO
st. Louis & San Francisco 1000 st. Paul & Sioux
City; $500 Union Pacific; 4, % Wabash, st. Louis
4 Pacific; 10000 Western Union; 2Oo Lake Erie
Western; 1000 Leadville, and O., 90 Quicksilver.
Money, 4@6 per cent. closing at 4per cent Prt1re
mercantile paper 5Qb6 per cent Sterling exchange,
bankers bills steady at S2A sight exchange on New
York s4A.