Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-21
Eastern and European Markets.

| Steady forelSn goods GULL
| Eastern and European Markets.
New YORK, dec. 2O.-Money per cent.
per annum and LEA per cent. per diem; closing
at 6 per cent per annum, which was fair
rate for the day. Prime mercantile paper So
al per cent. Sterling exchange, bankers bills
strong at S4.791$. Sight exchange on New
| York, S4.S2.
Governments generally strong and IS per
cent. higher for 5S and U.s. In railroad bonds
Missouri, Kansas 81 Texas consols asscnted adj
vanced y per cent. to 1l5, and later declined
to ia; Missouri, Kansas d Texas consols ad
vlnccd to 1914 and afterwards declined to rs;
| Erie seconds, new consolidated, advanced g
per cent. to 1905, later fell to 9914, closing at
99l5, Texas d Pacific income land grant Is adj
vanced = per cent. to 7715 and then declined
| to 761s, and Texas & Pacific, Rio Grande d-
vision, first advanced < per cent. to 972, then
declined to 933s; Chicago, milwaukee, d st.
| Paul shares, La Crosse division, advanced 5
per cent. to 124's; Chicago, Milwaukee IL st.
Paul, Iowa q Minnesota division, 2a per cent.
to 1874; Chicago, milwaukee, & st. Paul, Iowa
& Dakota division, IA per cent. to 1234 and
Chicago, Milwaukee d st. Paul consols " per
cent. to 124h; New York, Lake Erie 81 West
ern income advanced . per cent. to 81; La Fay
cite, Bloomington & Muncie income II per
cent. to IS Z: and Lehigh & Wilkesbarrc in
come * per cent. TO S2K. State securities
| moderately active.
Stocks-The stock market advanced 4 TO
2}E per cent in early dealings, metropolitan
Elevated, Canada Southern and Philadelphia IL
Reading leading the upward movement. Sub
sequcntly prices declined 4 to 81 per cent,
| Chicago & Northwestern and Chicago d AL
ton showing the most weakness. During the
afternoon speculation was irregular AMI Il IL
settled, with frequent fluctuations between the
strength and depression, but in final dealings
the general list became strong and closed at a
| recovery of 4 to 1 per cent,
Houston Il Texas advanced 2}l per
cent. in the morning, reacted "a per cent
and rallied per cent. The decline during the
afternoon was due in part to the temporary adj
vance in rates for money and the report
that large speculator who is going away
| for few months, sold about 10000 shares of
| long stock which he has been carrying for
| the last two months. The Stock Exchange
has listed $40, 1S4 900 of the consolidated first
mortgage bonds of the Missouri Pacific rail
road. A telegram from San Francisco states
| that the Southern Pacific railway opened for
| business to-day to Deming Station, point
near Mesella, 1910 miles east of San Francisco
and forty-fiv miles from Ell Paso. Stages
connect for the Santa Fe road at San Marcal,
seventy-five miles distant A junction is to
made by road from the east in few weeks.
Graders are keeping on to the Rio Grande at
FL Paso and surveyors are examining in
Texas for line to Houston or New Orleans.
Erie railway earnings for the first fortnight
of December show an increase of 100000
| over last year. Burlington, Cedar Rapids &
Northern earnings increased the second week
in December s., 564, and the Hannibal & St.
| 10 increase was 81 ,654. The Chicago, Rock
Island & Pacific road earnings for the first
| half of the current year were $6,057 49,. AZ,
gross, against S. 1857, 915. IS for the same time
| last year. Proceeds of land sales for the six
months aggregated 200, which makes
gain on the total receipts of 81, 100, 9S4 over
| last year. The net earnings this year are at
the rate of II per cent. and over on its stock.
Among the assets of the company arc five
millions of its own stock and s., SOC, 600 of its
q per cent.bonds. The Chicago & Northwestern
road gained $4,000 the second week in Deem
Der and the Louisville d Nashville, $50, 200.
The Chicago, Rock Island & Pacific declared
a quarterly dividend of 1 z per cent, payable
in February The steamers arriving from
! Europe since Saturday brought s., O30,700 in
gold. kilograms from the city of Mexico
| announce that the concession Of two adj
ditional lines of railway had been awarded to
Palmer Sullivan, or the Mexican National
company with a subsidy of $4,000 per klo-
metre, viz From Mcrelia north to Salamanca
and south TO Batzuro, and a line from San
Louis Potosi TO Zeacacao; also that the Mex-
can government had formally approved of
the organization and bases of the Mexican
National company.
The transactions aggregated $4,000 shares,
of which 1900 Chicago, Burlington & Quincy;
1000 Canada Southern; $500 Chicago, Co
lumbus & Indiana Central; $500 Cleveland,
Columbus, Cincinnati III Indianapolis; 4,2OS
Central Arizona; 600 Chicago & Alton; 81
GOO Delaware, Lackawanna & Western; $500
Grande; $1,000 Eric; 10000 Hannibal d st.
Joe; $4,000 Houston & Texas; 9,G00 st. Louis
& Iron Mountain; 1000 Missouri, Kansas &
Texas; 1900 Lake Eric d Western; Is, 900 Lake
Shore; 5000 Michigan Central; $4,000 Chica-
go & Northwestern; 900 Nashville, Chatta-
Dooga d st. Louis; T., 600 New Jersey Central
5000 New York Central; 1,S0N Northern Pa
cific; 5000 Ohio Central; 5000 Pacific
Mail; 1900 Philadelphia d Reading; $4,000
Chicago, Milwaukee &, st. Paul; 1900 ST.
Paul d Omaha; $500 Texas Pacific; $4,000
Union Pacific; $4,000 Wabash, St.Louis & Pa
cifc;5 600 Western Union and 5000 Louisville
d Nashville.