Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-05
EANK STATENIEl

II
| Loans, decrease. Observation-Disclosures 81, S23, 800
| specie, decrease. ....... 5, O4S, 400
| Legal tenders, decrease. ........... GIG, 500
Deposits, decrease. Observation-Disclosures. 5,594, 400
| circulation, decrease. ........... 194, 900
1 Reserve, decrease. .........,....... 2,056, 200
The banks now hold 81, 49, 75 less than
legal requirements.
Governments strong to day, and 11s per cent.
higher for "A and 5s. Government bonds active
during the greater part of the week at lower
| prices, the decline ranging from g to Is per
cent, the latter IL new As. The secretary of
the treasury, the editor of the Express says, is
| sued an order authorizing the purchase of
81, 000, 900 of Is of 1880 at S1.025, bat, up to
| the close of business to-day, the government
had not succeeded in obtaining million, st
fully 81. CS, the prics to be paid by the treas
ury for their redemption on or after Dec 81,
There have been bids for them in the open may
ket, The seller agreeing to loan money TO the
purchaser until the first of January at per
cent. The Latter thus will, By FORGETTING 4 per
cent, gain the use of money. The railroad
bond business has been lighter than for many
previous weeks. the attention of investors and
spectators being absorbed chiefly by the share
list and in many instances quite decline in
prices was recorded. By far the largest psrt
Of the business was in Erie new seconds, COZ
soils. Boston, Harlem & Erie 6rsts and Denver
Il Rio Grau6e. Missouri, Kansas & Texas
Lehigh & Wilkesbarre, Chesapeake & Ohio,
Chicago, Columbus & Indiana Central,
Canada Southern and Mobile & Ohio, which
fell eff to per cent. The Texas Pacific.
Denver Il Rio Grande division Of hrsts, and
Wabash. st. Louis & Pacific bonds were ex-
ceptionally firm in the face OF the declining
market. II late dealings many of the shove
named issues, notably Boston. Harlem & Erie
and Chesapeake & Ohio bonds become strong
and advanced sharply. The railway and mis-
cellaneous speculation was active throughout
the week, but dealings were attended by an IN
settled feeling. which eliminated IN marked
depression ana heavy decline in prices from
the highest point. The large sales of
long stocks came or the market, which accele.-
ated the downward movement. The great
striIgency in general sr1 the failure of the
Chicago q Northwestern directors to declare
the expected scrip dividend were the moving
causes Of the decline IN stocks and the heavy
hquidations which took place. The decline
| late IN the week from the highest point ranged
from TO IL per cent, Chicago & Northwestern
| and Western Union Telegraph leading the down.
ward movement. gnited States securities
| active and dealings generally at higher prices.
Stocka-The stock market opened strong
| and Is to per cent, higher and subsequently
| advanced 4 to Is per cent. At first board
speculation became depressed and decline of
x TO 25s per cent. took place, Philadelphia G
Reading, st. Louis Il Iroa Mountain and Della
| ware, Lackawanna & Western leading the
downward movement. Toward noon strong
! tone prevailed and prices advanced "a to AZ
! per cent, the latter in Chicago, Burlington &
| Quincy; coal stocks, granger shares, Union
| Pacific and Western Union Telegraph being
| also prominent in the advance. During the
| afternoon reaction of x to % per cent. took
| place, Chicago, Burlington & Quincy leading,
which was succeeded by a recovery of Is to q
| per cent. and al the close by further reaction
| of u to 135 per cent. the latter in Western
Union Telegraph. The steamer Europe
| brought Sl15.sCO and the steamer scyth;a
| $4S. 500 il foreign gold coin.
From the Euening Post tFinanciaD: The
| money market to-day was decidedly less
stringent than yesterday and we have heard
| Of 10 commission abovel-32 of per cent. per
| day plus per cent. per annum, and good
| many loans have been made 10 stock brokers
| at plain per cent. This improved condition
| in the money marke: led, early in the day, to
| free purchase of stock, which resulted in
| higher prices. although the stock market con-
| tinues very feyerish and at times has been
| weak. The market was strong at the opening
| and Ejust before the appearance of the bank
| statement. since which time to the last part of
| the advance, between II and II o'clock, stocks
were notably strong, Chicago. Burlington &
Quincy. Western Union Telegraph, Missouri
Kansas & Texas, Chicago & Northwestern,
Chicago Milwaukee & St. Paul and Ontario &
Western. The stocks which at times had been
notably weak, are Philadelphia & Reading and
other coal stocks. United States bonds are a
per cent. higher for Is and Sc and railroad
bonds irregular. The treasury to-day has OBJ
tanned $4,000 of Is of 1880 st s1.02X. Brokers
are bidding sl.03 for bonds to turn into the
treasury at s1.02X. The assistant treasurer
gives notice that the interest due Dec. 3lst,
| 1880, on registered bonds, act of February 1861
| 6s of 1880, will be paid with bonds upon their
presentation for redemption, and that no in
| terest on that loan will be paid Oh schedules.
| Suits were commenced in the United States
circuit court, to-day. by the National bank,
Mechanics Exchange National bank of New
York, Third National bank and Mechanics
National bank against the city of New York,
praying for injuuctions restraining deputies
from collecting taxes assessed by the city
| shareholders il said banks.
The transactions aggregated $4,000 shares, Of
| which 2,700 were Chicago, Burlington & Quincy:
1900 Delaware, Lackswanna Western; H. 0GO Della
ware & Hudson: $4,000 Erie; 5000 Hannibal 4, St
| Joe; 2,sO0 st. Louis Iron Mountain; $500 Mis-
| souri,, Kansas & Texas; 1900 Lake Shore; $4,000
Lake Erie Western; 400 Michigan Central: 90 GOO
| Chicago & Northwestern: $500 Nashville, Chatta-
| nooga st. Louis; A,000 New Jersey Central 5000