Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-08
lower. The treasury bought $46S, 900 skies of
1880, Railroad bonds in good demand but ir-

lower. The treasury bought $468 900 skies of
lS6O, Railroad bonds in good demand but ir-
regular. State securities fairly active.
Stocks-The stock market opened strong and
7s@l per cent. higher, and subsequently ad-
vanced 4@l13 per cent, the coal shares lead
ing In the Improvement. At the first board q
decline of H@l1s per cent. took place, the lat
ter IN Western Union Telegraph, but before
noon the market took an upward turn and
prices rose 4@219 per cent, Philadelphia &
Reading and Denver & Bio Grande leading.
During the afternoon speculation was irregular
under the leadership of st. Louis & Iron
Mountain, and decline of 4@lI per cent.
was recorded, but in the late dealings strong
tone again prevailed and the market closed at
an advance of 4@l% per cent, Philadelphia
d Heading, Union Pacific and grangers being
most prominent therein. Louisville, New AL.
bany d Chicago sold up from 38111 to 4616, and
Nashville, Chattanooga & st. Louis from rs to
rs. Louisville & Nashville declined from S216
to so. An Amsterdam dispatch quotes Chicago,
burlington d Quincy stock selling to-day at
l75. 1t was only placed on course.
The subscription books of the universal COM
pany for the construction of an inter oceanic
canal through the isthmus of Panama were
opened to-day at the offices of Drexel, Morgan
d Co., J. & w. Seligman & Co., and Wilson,
Lanier d Go. Subscriptions were reported
coming in rapidly, but for the most part in
small amounts. At the office of Seligman &
%. it is said about three pages in their books
were filled soon after noon. The Atlantic &
Pacific Telegraph company declare a quarterly
nf of I
ings for the quarter ending November 3Oth.
From the Eveniny Posts financial article: A
large amount of e Id is on the way here. The
present rate on foreign bills here warrant fresh
imports, and it will cause NO surprise if the
Bank of England intervenes to check, if not
stop The movement by making money dearer in
London. The treasury up to 1 o'clock obtained
$4,000 in 6s of 1880 at 1929. The local
money market is fully active, but there is not
that extreme stringency witnessed last week.
The bottom rate for call loans is per cent.
and we hear of commissions up to 1-l6, but
these are exceptional, as they were yesterday.
Time loans cost heavy commission for short
date, but run down to 4 per cent. for long
date. The banks are, as a rule, losing much
more money to the treasury and to the South
and West than they are gaining by gold i'm
ports, and receipts from near by cities and
towns.
The transactions aggregated $4,000 shares, OF
which $4,000 were Chicago, Burlington & Quincy
$1,000 Chicago, Columbus & Indiana Central
| $4,000 Delaware, Lackawanna & Western; 10000
Delaware & Hudson; $4,000 Erie; 1880 Hannibal
E. st Joe; 1000 st. Louis l. Iron Mountain; 5000
Missouri, Kansas Texas; 1l.00O Lake Shore
5000 Michigan Central; Il2,000 Chicago & North
western; 5000 Nashville, Chattanooga & St.
Louis s,0OONew Jersey Central; 5000 New Yorl
Central; 1000 Northern Pacific; 10000 Ohio 8
Mississippi; 5000 Philadelphia & Reading; 49, OOC
Omaha; $4,000 Union Pacific; 5000 Wabash, st.
Louis & Pacific; $4,000 Western Union and %, OO(
Louisville & Nashville