Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-09
Eastern and European Markets.

NEW YORK, Dec. S.-Money easy at 306 per
cent, closing at per cent. Prime mer-
camille paper 51S@61S per cent. Sterling ex-
change, bankers bills at $478I. Sight
exchange on New York S4.S1.
Washington advices this afternoon say Sec
Rotary Sherman, while thinking his own recon.
mendations respecting refunding are better
than those Of the committee on ways and
means, will offer no obstacles to the establish
ment of per cent. as the rate of interest for
refunding bonds. These advices had marked
effect here upon governments, which were
strong and Is per cent. higher for 5s and Gs,
IS of 1 per cent. for 411as, and 11S@1A per
cent. higher for is. In the railroad bond mar
ket the features were Chicago, Columbus & In
diana Central incomes, which advanced Al
per cent. to 60, but in the final dealings de-
clined ~ per cent. to 5S54; Texas Pacific in
come land grant sevens. which advanced 25I
per cent. to Az; Erie seconds, II per cent.
to 9814; do funded fves, per cent. to 9315,
and Lake Erie Western incomes ~ per cent.
to 6S1a. State securities moderately active.
Stocks-The stock market opened strong in
the early dealings and the general list advanced
A@3A per cent, Nashville, Chattanooga & st.
Louis and Michigan Central leading. This was
followed by reaction of 11s01s4 per cent, but
before noon speculation again became strong
and with occasional slight reactions the market
continued to advance steadily throughout the
afternoon and closed generally at the highest
figures of the day, the improvement ranging
from a GA per cent. up, the granger and coal
shares, Nashville, Chattanooga & st. Louis and
the trunk lines being most prominent therein.
Philadelphia & Reading fell off 2I per cent.
early in the day and closed at recovery of
per cent. Louisville & Nashville, after deslin-
ing per cent, rose per cent. A per cent.
semiannual dividend on Harlem railroad
stock, payable January Is, and 2 per cent.
quarterly dividend on New York Central &
Hudson River railway, payable January Is,
has been declared. The following are the prin-
cipal parts of the quarterly report of the
Western Union Telegraph company, submitted
to-day: The net profits for the quarter ending
Dec. 81 inst, based upon official returns for
October, nearly complete returns for November
and estimating the business for December, IRE
serving an amount sufficient to meet the claims
of the Atlantic &c Pacific Telegraph company
under existing agreements) will be about
1851, S06; add surplus Oct. LIST, from which ap.
propriating interest on bonded debt, S1O2. GOO
construction $3.50, 600, sinking fund appropria-
tions $4,000. stocks and patents 1926, 600
$40, 000-leaves balance of $747, 1886; divi-
dend of ~ per cent. requires $615, O6l; sur
plus after paying dividend, 1882 ,S75. The
earnings of the Chicago s. Northwestern, Chi
cago, Milwaukee & St. Paul and Erie railroads
continue to be enormous. There is powerful
bull pool in Union Pacific. Secretary Sherman
was in Wall street to-day. All subscriptions to
De Lesseps Panama canal by mail or telegraph
will be rejected unless received before the close
OF business tomorrow.
The transactions aggregated $4,000 shares, of
which 5000 we're Chicago Burlington & Quincy
1900 Chicago, Columbus & Indiana Central :
$4,000 Delaware Lackswanna & Western; 45OO
Delaware 4 Hudson; $4,000 Erie; 5000 Hannibal
st. Joe; 1000 st. Louis 4 Iron Mountain; "a COO
Lake Shore; 10000 Michigan Central; $4,000 Chi
cago & northwestern: $4,000 Nashville, Chattanooga
& st. Louis $4,000 New Jersey Central; 1900 New
York Central; 5000 Northern Pacific; 5000 Ohio &
Mississippi; $1,000 Ontario & Western $500 Pacific
Mail; II, 700 Philadelphia Reading; $4,000 Ohica-
go, Milwaukee st. Paul; 5000 st. Paul & Omaha;
1900 Union Pacific; 1000 Wabash, st. Louis Il
Pacific; 10000 Western Union; 400 Denver & Rio
Grande; 200 Louisville Nashville; 1000 Marietta
g. Cincinnati first preferred; 1850 ST. Louis & San
Francisco and $4,000 Missouri, Kansas IL Texas.