Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-14
Eaa.ern and Europesr ntarke.e.

aEw YORK, Dec. 13.-hioney at 6 per
cent. per annum and lilo per cent per diem,
closing at 8 per cent. per annum. Prime mer-
csntile paper 519@64 per cent. Sterling ex-
change, bankers bills weak at S47715. eight
exchange on New York S4Sl.
Governments quiet ana generally firmer.
Rsilroad bonds irregular and fairly active
State securities dnll.
Stoeks-The stock market was weak in early
dealings and the general list declined L to ,
per cent, Houston & Texas and Western Union
Telegraph leading. At first board prices ad-
vanced 4 to , per cent, the latter in ST. Louis
& Iron Mountain, and subsequently reacted Il
TO l per cent. During the afternoon specula-
tion assumed q strong tone, and, under brisk
purchases, the entire list recovered an improve
ment of 4 to S$5 per cent, Western Union Tel
egraph, Chicago & Northwestern and Union
Pacific being most prominent therein. In
fual dealings the close working of the money
market caused some pressure to sell and a re-
action of Is to 2 per cent. ensued, the latter
il Western Union Telegraph. American Union
Telegraph rose 90 per cent. in the morning
but closed at a reaction of 4 per cent.
Il is believed a bitter war of rates will soon
ensue between the Western Union and Ameri-
can Union Telegraph companies and lower
prices are talked of for telegraph properties.
The Louisville & Nashville road gained So, COO
the first week in December, and Wabash, st.
Louis Il Pacific $l2, 600. Central Arizo1a rose
to IA on an active business. Tue treasury to-
day bought 81, 900 in 6s of 1850. La the rail
road bond market the principal features were
the issuaS Of ST TsDuiS & Iron MODntaip Of
which frs preferred incomes advanced 4 per
cent. TO 81, the second rs per cent. to 1141a5
and the second preferred incomes 33s per cent.
to IS, and the Chesapeake & Ohio, Of which the
currency skies advanced II per cent. to 45L,
and the "B'' bonds 23s per cent. to ~, the lat
ter declining TO 1873; st. Louis & San Fran
cisco, class A. advanced ~ per cent. to 99%;
Denver & Rio Grande irsts Is per cent. to
ll012; International & Great Northern second
incomes IA per cent. to IS, and Ohio & Mis-
sissippi (Springdeld division) l per cent. to
lis. Certain spectators in Central Arizona,
with apparent inconsistency, are at once bears
on the stock and large holders of the property.
The Herald says: Just now they are swinging
the hammer, with little prospect, however, of
beating out believers in the property, but with
CuIsileTdDl6 rtSk OIL using COlUCOl OF IL SnOut0
the depressing influences be pushed to -.
From the Ecentng Posts financial article:
The week opens active at 6 per ceut. in the
money market, IL which are exceptional rates
Of commission. Time loans unchanged
at tae stock exchange. United States bonds
and railway investments firm at an advance of
4@28 per cent, the latter in st. Louis & Iron
Mountain second Incomes. The stock market
to day was irregular. The stocks which have
shown the most strength are, American Union
Telegraph, st. Louis & Iron Mountain, Chesa-
peake & Ohio and St. Paul & Omaha. A diVi-
dend on preferred stock of ~ per cent. quar-
terly having Just been declared on Panama.
Denver & Rio Grande advanced Saturday
to S3A Gu purchase of stock to secure privi-
lege, which goes with the sale 10 substance
for to-day, sold at 500 The troubles in Ire.
laud are said to have caused the decline in
British ~consols.
The transactions aggregated $4,000 shares, of
vhich I0,OC0 were Chicago, Burlington & Quincy;
E,211 Canada Southern; 10000 Delaware, LsckaTan-
ma " Western 2,3G0 Delaware & Hudson; $3.50
Ere; 400 Hannibal s st. Joe; COCO st. Louis Z
Iron Mountain; $500 Missouri, Kansas & Texas;
1900 Lake Shore; 5000 Lake Erie K Western; $500
3, 400 Nashville, Chattanooga & st. Louis; $500 New
York Central; l,400 Northern Pacific; $500 Ohio
4 Mississippi; 9,400 Pacific Mail; 1880 Philadei-
phia & Residing; 10000 Chicago, Milwaukee & ST.
Paul; 500 st. Paul K Omaha; 10000 Union Pacific;
$500 Wabash, st. Louis & Pacific; 25,G09 Western
Onion; 10000 Houston & Texas; $500 American
Uoion Telegraph; $4,000 Texas Pacific and 1000
Central Arizona.