Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-11-30
Eastern and European Markets,

NEw YORK, Nov. 29.-Money active at 614
per cent, closing at per cent. Prime mer-
camille paper 5@6 per cent. Sterling ex-
change, bankers bills weak at S479sl. Sight
exchange New York $4.Sl%.
The stringency in money increased during
the afternoon and toward the close Is per cent.
per diem was paid in addition 10 the legal in
terest. At banks the uniform rate was per
cent, but the banks, instead of being lenders,
were, in many cases, compelled to call in loans.
The Post says SO far as large private lenders of
money are concerned they to-day undoubtedly
called in part of what they have lent out on
stocks, bIt, if report is correct, only part was
received. The misfortune of the present stu
alton is that speculation is SO expanded as to
have alresdy used up the facilities of the banks.
and to leave the money market in the control
of al few large private lenders who have inter-
ests to serve in the stock market. Bsr silver
l1&. governments firm for IS and 5s but
weak and Is to ! per cent. lower for AIS and
As. RAILROAD bonds irregular, but, in the
main, weaker in final dealings; st. Louis i
Iron Mountain seconds preferred income de-.
clinsd 29S per cent. State securities inactive.
StAks-The stock market opened generally
firm but soon became weak ard declined Il 10
~ per cent, the latter in Lake Erie & West
ern. At first bna~@ '+-ong tone prevailed and
under brisk paIci.4s,s =Ltrp advance was re-
corded, ranging from Il to per cent, the lat
ter in Chicago & Northwestern common, Chi
cago. Milwaukee & st. Paul, Chicago, Burling-
ton Quincy, and Louisville & Nashville being
also prominent in tie improvement. Western
Union Telegraph did not share in the general
advance but was heavily pressed for sale and
declined steadily to 921s, falling off Is per
cent. from Saturdays closing sale. The gen.
erai list became weak during the afternoon on
account of the stringent money and sold off d
TO 3sI per cent, granger stocks, the coal shares
and trunk line properties being most con-
spiciOus IN the decline. The speculation con-
tinued weak until about the close when re-
covery of Il to per cent. took place. Nash
vile, Chattanooga & st. Louis declined So
per cent. and closed at recovery of 81 per
cent. Manhattan Elevated fell off 2sI per
cent. and closed at recovery of q per cent.
The closing quotations were to per cent.
lower than on Saturday for the leading stocks
except Chicago & Northwestern, which was 2115S
per cent. higher, and Louisville & Nashville,
which was per cent. higher.
Drexel, Morgan 6 Co., to-day. sold their H.
terest in the L, eng Island railroad to Austin
Corbin and other capitalists, who own the Man
haitian Beach railway. They now control both
roads. The announcement created quite sen
sation in Wall street.
The earnings OF the Wabash, st. Louis & Pa
cifc increased 1900 the third week in No.
vember and the Union Pacific gained Sl73,00O
the first three weeks in November. St. Louis
& Iron Mountain lost $4,000 last week and
Missouri, Kansas & Texas SIS, 600 the same
time.
The transactions aggregated $4,000 shares, of
which 800 were Chicago. Burlington Quincy !;
80 Chesapeake Ohio 20 coo Delaware, Lacks wsn-
ma Il Western; 100 Delaware & Hudson; 1870
Denver Rio Grande; 7l,O00 Erie: 1900 Hannibal
4 st. Joe; 4,5J0 st. Louis Iron Mountain; 5000
Missouri, Kansas Texas; 1900 La Shore; TN 0
Lake Erie & Western; 1900 Louisville & Nashville;
4.5oO Michigan Central; 2 900 Chicago & North
western; llG00 Nashville, Chattanooga st. Louis
2IC00 New Jersey Central; 12G00 New York Cent? al
1900 Northern Pacific; 1850 Ohio & Mississippi:
SS.OO0 Ontario Western; $500 Pacific Mail; 1900
Philadelphia Reading; $4,000 Chicago, Milwaukee
4 st. Paul; 2,5t0 st. Paul & Omaha; 25 OeO Union
Pacific; 1U.00J Wabash. st. Louis / Pacific and
10000 Western Union.