Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-03-04
MONEY AND TRADE.
FINANCIAL.
Money and Stocks.

NEW YORK, March S.-Governments quiet and a
shade lower. report which could not be verified
in circulation that the secretary of the treasury
would accept several million more of bonds offered
to-day. Railroad bonds strong and X@2h per cent.
higher, with the chief advance in st. Louis Iron
Mountain, Chesapeake l. Ohio and Texas Pacific is
sues. State securities dull.
Stocks-The market was active and buoyant during
the morning and prices advanced K045s per cent.
in the entire list the coal shares, Pacific Mail,
Canada Southern, Lake Erie & Western and Louis
vile & Nashville most conspicuous in the improve
ment. About O'Clock an announcement that the
secretary accepted only S25l6.OO0 of bonds, which
less than generally expected, and caused reac-
ton of h02 per cent. This, however, was followed
by renewed buoyancy and there general recov-
cry of 400 per cent, the latter in Pacific Mail. The
coal stocks all higher and were taken freely
the continued advance in prices Of coal. The late
movement in coal shares is beginning to attract at
teution and the statement is now made authority
of parties who in position to be well informed
that the coal carrying roads will this year do bust
ness large enough to meet all fixed charges and leave
a surplus A report from Philadelphia say that the
annual exhibit Of New Jersey Central will show
net gain of not less than $3.50 0OO and it may reach
S1,00O goo. This improvement in the condition of
coal carriers is due mainly to harmonious action
garding regulation of the trade. The telegraph
properties were firm moderate dealings. The
signatures of ninety per cent of holders of the in
come bonds of tho st. Louis, Iron Mountain b
Southern Railroad company have already been OBJ
tanned to request to terminate the stock trust and in
short time the stock Of the company will be
changed for representative certificates issued by the
Farmers Loan Trust company, which are now
current the street. The Central Pacific Railroad
I'LL. F.
LIST next the balance of their outstanding converti
BILE bonds due in 1888. The "Graphic" says: "The
scare in Little Pittsburgh has come to an end and
shareholders now calmly considering the situa-
ton. 1t is said that stock sold as low 50 on
Monday afternoon after the board closed. The
board of the company have instructed certain COM
petent mining experts to report on the property
that the public may learn it's true condition" The
Iron Silver mine at Leadville, formerly owned by
Stephens Letter and the Robinson mine of the ten
mile district Colorado, have been purchased by Geo.
D. Roberts and associates The purchase price ag-
gregates over 100000 Both mines have been in
corporated under the New York laws and will soon
be listed and quoted on the American Stock Ex
change. The Milwaukee st. Paul earnings in
creased S2s2,OOO for February, and st. Louis San
Francisco gains S32O CO for the fourth week Of Feb
ruary.
At the close the transactions aggregated $4,000
shares, of which $3.50 were Canada Southern; 2,7OO
Columbus, Chicago Indiana Central; TOO Central
Pacific; 1,C09 Chicago, ST. Louis New Orleans;
$1,000 Delaware, Lsckawsnna Western; $4,000
Delaware Hudson; 1900 Erie; $500 Hannibal l.
st. Joe; $500 Houston & Texas; 1900 st. Louis
Iron Mountain: 10000 Missouri, Kansas & Texas;
$1,000 Lake Shore & Michigan Southern; 5,400 Lake
Erie Western 400 Little Pittsburgh 400 Michi-
gan Central; 400 Mobile 4 Ohio; 25,000 Chicago
Northwestern; 6,7OO Nashville, Chattanooga & st.
Louis, closing at 1857; $4,000 New Jersey Central;
1000 New York Central; 1000 Northern Pacific;
$1,000 Ohio Il Mississippi; 5000 Ontario Western,
closing ct 80; $4,000 Pacific Mail; 1900 Reading;
81 900 Milwaukee Il st. Paul; $500 st. Paul Sioux
City; LOO Chicago, st. Paul Il Minneapolis; $500
Union Pacific; 1860 Wabash, st. Louis l. Pacific,
and $500 Western Union.
Money easy at sos per cent, closing at per cent.
Prime mercantile paper 5O5h per cent Sterling ex-
change bankers bills steady at "a; sight exchange
on New York 81.
The following we're the closing quotations: