Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-25

|
| Circulation, decrease. ............. 430, 00O
| Reserve, increase. ................ 153, lis
The banks now hold $6,619,900 IN excess OF
| legal requirements.
Governments quiet but firm. I'm the railroad
bond market New York, Lake Erie & Western
incomes advanced to 81 from 81; Texas d Pa
cific frsts, Rio Grande division, to 100 from
$751;; Ohio Central frsts to 116 from 1041d;
B. III. & E. firsts to 1914 from As; Burlington,
Cedar Rapids Il Northern tirsts to 1003s from
| 80; Chicago, Columbus e Indiana Central in
comes to 81 from So; st. Louis & San Fran
cisco, class b, TO 80 from IS; New jersey Cen
trail incomes to 9414 from $50; Chicago, Mil
waukee d st. Paul tirsts, La Crosse IL Davcn-
port division, to 1927 from 1919. State bonds
were remarkably active, the sales of bonds far
exceeding any that have taken place for years.
the feature being the changing hands of S162,-
600 of North Carolina issues at IN advance of
M@214 per cent. South Carolina non fund
able skies advanced from So to 6 per cent.
Tennessee new skies were / . per cent. lower
and new series fraction higher.
Stocks-The stock market opened strong and
higher and prices Immediately took IA sharp
shares were on a very large scale and the deal
ings characterized by an extremely buoyant
tone. Speculation, with the exception of oc-
casional slight reactions, continued strong
throughout the entire day and at the close an
improvement in prices was established ranging
from to per cent as compared with yestcr-
days closing quotations. The stocks most
prominent in the advance were Ohio & Missis-
sppiv preferred, which rose 6 per cent, Chi
cago, Burlington IL Quincy, ~ per cent, and
Central Pacific, So per cent. Philadelphia d
Reading was, financially, exceptionally weak
and declined % per cent. The advance in
prices for the week ranged from 1 to II per
cent. and nearly the whole list shared in the
improvement. New York Central, Nashville,
Chattanooga d st. Louis, Chicago & North
western, Chicago 81 Alton, Chicago, Burling-
ton IL Quincy, Elevated railroad shares, Union
Pacific, Central Pacific and Chesapeake d Ohio
were most prominently higher and closed at
about the highest figures of the week. and in
| some cases of the year. The rise in Central
Pacific at the close attracted special attention,
| and was due to purchases for foreign account,
based on the fact that the earnings of the road,
which have shown steady increase for years,
will be over 1900, 600, and also the fact that
| its kindred stock, Union Pacific, is selling
some 20 per cent. higher The sharp advance
in Chicago, Rock Island Il Pacific at the close
| to the highest figures ever attained, was due
to growing belief that the dividends will be
increased in the future. Chicago IL Alton
made great advance on the prospect of a
scrip dividend, as did also Chicago, Burlington
d. Quincy, on belief that the stockholders will
vote in favor of the proposed scrip dividend of
G525 per cent. For the third week in Dcccm-
Der the earnings of the Chicago, Milwaukee &
st. Paul railroad increased So, 600; Chicago &
| Northwestern, sos, 900; st. Paul d Omaha
$4,000 and Northern Pacific, Eastern divi-
sion, $4,000. The earnings of the Lake Erie
6S Western railroad increased $11 900 the sec.
| ond week in December.
| The transactions aggregated ISL 900 shares,
of which were 1000 Chicago, Burlington q
Quincy; 600 Canada Southern: $500 CIeve-
land, Columbus, Cincinnati 81 Indianapolis; 1 >
| 700 Chicago, Columbus& Indiana Central: ,4Oe
Chicago & Alton; 1000 Lackawanna; 1 ,7O(
Denver d Rio Grande; $4,000 Eric; 10000
Hannibal IL st. Joe; 800 St.Louis s. Iron
Mountain; 1900 Missouri, Kansas d Texas
$4,000 Lake Shore; 1000 Louisville Erie &
| Western; 1000 Louisville d Nashville; 5000
Michigan Central; 10000 Chicago & North
western; 5000 Nashville, Chattanooga Il st
Louis; 1000 New Jersey Central; $4,000 New
York Central; $1,000 Northern Pacific; 1000
Ohio Central 1900 PacificMail; II 900 Phla
delphia & Reading; 1900 Chicago, MiIwau
kee d st. Paul; 1000 st Paul Il Omaha
10000 Union Pacific; 81 600 Wabash, st. Loui,
Il Pacific; 1900 Western Union; II 900 Cen
trail Pacific; 1000 Chesapeake IL Ohio, ant
1890 Morris IL Essex