Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-15
MONEY AND TRADE.
FINANCIAL.

NEW Yosx. Jan. A.-oovernments generally
steady. The new fours were . shade higher. Bar
silver 81. 13H. Railroad bonds active and strong
Columbus, Chicago Indiana Central incomes sd-
vanced 8 per cent. to lSA- and closed 4a; Chesa-
peake Ohio class b. rose to 50; Kansas Pacific IN
comes, No 16, to 76h, and Wabash seconds to l0lh.
State securities dull, except Virginia preferred,
which. ON active inquiry, rose az per cent.
StOcks--The stock market was in the maiR buoysnt
ON large volume Of business. At intervals during
the day there slight reactions caused by reaizs-
tons. but the highest quotations Of the day were
generally made toward the close, and prices ad-
vanced to 10x per cent, Alton TeTe Haute
leading the upward movement. Union Pacific and
Canada Southern, Illinois Central, Erie, Pacific Nail
and the coal stock were also conspicuous in the adj
vance. The telegraph shares were irregular and g.
clined IN per cent. for tho day Nashville, Chat
tauooga st. Louis also fell of N per cent, clos
ing 92A Marietta Cincinnati first preferred closed
17H; Arizona Mining declined to Is, at which
price taken by inside parties, closing at 1874
Lake Shore was firm en- ratification Of trsfc agree
ment with Wabash. The sharp rise in Alton Terre
Haute shares due to reports Of new litigation to
the benefit Of the company and of movement
among the stockholders to obtain more satisfactory
settlement with parties against whom the company
recently had suits. Among investment shares Chi
cago Burlington Quincy sold up to 14sh; New
Jersey Central advanced on report that tho forth
coming annual statement will be favorable. The
dealings in Union Pacific to-day upon . larger
scale than for some time past. The price advanced
on large purchases. The excellent condition OF
property and increased earnings Of the company are
at the bottom Of the movement. Pacific Mail was
active and sold up to 4lX042. The increased &C.
vy and strength in this stock lie due to statements
made by friends Of the company Of increased earn
ings and prosperous future. They say 1t Is expect
ed that by June next the entire debt of the Pacific
Mail company will be paid, except million OF bonds
held by the Panama Railroad company, which do not
fall due till 1884. Should this anticipation be real
ized and the present large traffic Of the line seems to
it, sinking fund will be set apart sufficient to
cancel the bonds at maturity and dividends will be
inaugurated. 1t may. however, be concluded by the
manage emit to fund what little is now left of the
outstanding Indebtedness, In which event dividends
may be expected very soon, as the company has been
earning dividend for year back. 1t is stated per
cent. can be paid per annum with sinking fund 10
exnguish the debt, and per cent after it has been
paid of. meeting Of the joint executive commit
tee Of the trunk lines of railway is called for the 2Oh
inst. at their Office in this city. The subjects to be
discussed are FIRST revision Of the percentage table
second, revision of the tariff to New England and
interior points third, the tariff from the West to
Atlantic points and to northern points, fourth, the
adjustment of the tariff 70 European ports via diff
ferext Atlant points, fifth changes in classification.
Besides these set top any other subjects relating
to the business of the joint executive committee may
be brought before the meeting.
At the close transactions aggregated 353 900 shares
of which 5000 were Erie; $500 Lake Shore
Michigan Southern; 5000 Chicago Northwestern !;
1000 Milwaukee b st. Paul; 1900 Delaware, Lack.-
wanna h Western; $4,000 New Jersey Central |;
5000 Reading; 1900 Columbus, Chicago Indiana
Central; 5000 Chesapeake Ohio; $500 Canada
Southern 5000 Hannibal & st. Joe; 1890 Indian
apols Cincinnati lafayette; 4,4VO Illinois Central
5000 Lake Erie & Western; 5000 Louisville Nash
vile; 200 Michigan Central; 1900 Mobils Ohio;
$500 Marietta & Cincinnati first preferred; 80 o
Nashville, Chattanooga b st. Louis; 400 Northern
Pacific; 1890 Ohio Southern; $4,000 Pacific Mail !;
1000 western Union; 1900 Wabash, st. Louis L
Pacific; 10000 Alton Terre Haute; SO Iron
Mountain; 10000 Union Pacific; 2l,OO0 Kansas &
Texas and 10 Central Arizona.
Money, 4@6 per cent; closed per cent. Prime
mercantile paper 606per cent Sterling exchange,
dull at 82k ; sight exchange on New York sA.
The following we're the cioslng quotarions: