Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-28
Eastern and European Markets.

Eastern and European Markets.
New YORK, Dec. 3i.-Money active at 6
per cent. per annum; Lie per cent. per diem;
closing at 6 per cent. per annum. Prime mer-
camille paper 8 CO., per cent. Sterling OK
change, bankers bills $4.S Sight exchange
ON New York, S4.S3.
The ruling rate for call loans was 6 per
cent. until the last board, when stock broke
and paid As high as I of per cent. per day
additional. Governments strong and sc
higher. The treasury bought $4,000 of Us
50 to-day. In the railroad bond market,
Chicago, Milwaukee & st. Paul consols adj
vanced 10 12G from 124J@5; Mobile IL Ohio first
debenturcs TO IS from 81; Rome, Watcrtown &
ngdcnsburg tirsts 10 81 : from so, later falling
la 81; Eric seconds TO 1929 from 1921; Mo-
hilc N Ohio, new mortgage, TO 101 from LOG;
[. N. ). o. currency 6> 10 81 from 80, and
frst series 10 81 from so, and Chicago, Mil
waukec X st. Paul, Southern Minnesota
division 10 1903 from 10. Texas 81 Pacific
tirSts, Rio Grande division, declining to 99l.
from $3.50, and later recovered TO 9915; st.
Louis " Iron Mountain second preferred
income TO 70 from 80, and Denver & Rio Grande
consols 10 1851 from 115T. State securities
dull
Stocks-The stock market opened strong and
huoyant and under heavy purchases the gen
eral list advanced sharply and continued strong
throughout the day, and the second board
improvement, as compared with the closing
quotations of Friday, ranged from = to
per cent, the latter in Central Pacific, Union
Pacific, New York Central, Ohio Central,
Chicago, Burlington Ii Quincy, Chicago, Rock
Island Il Pacific and ST. Paul & Omaha. Erie
aud 81. Louis Ii Iron Mountain were also very
prominent in the upward movement. Towards
the close the tendency towards stringency
on the money market caused reaction of Il
10 81 per cent, Lake Shore, Central Pacific,
Union Pacific, st. Louis & Iron Mountain and
New York Central leading the downward
movement. Western Union Telegraph was
exceptionally weak throughout and lost per
cent. for the day. 1t is rumored the Erie
railroad company will shortly declare diyi
dcnd on its preferred stock. The earnings
OF the Chicago, Milwaukee IL st. Paul in
creased $125, 900 the third week in December;
Louisville & Nashville, 200: Hannibal &
st. Joe, $4,000 Burlington, Cedar Rapids e.
ID. & f., $1,000, and Erie, over 100000 the
same week. Indiana, Bloomington Il Western
gained $1,000 the second week in December.
The Evening Post financial writer saws: The
dividends which will DC paid by corporations
out of the profits OF the last half of the year
viii probably exceed in amount anything on
record, all classes Of business having been
Very profitable. Preparations for these pay
mcnts will, of course; have tendency TO make
tho loan market ACTIVE this week The ruling
rate for call loans to-day is 6 per cent Time
money can be had at q to 4 per cent Prime
mercantile paper G35 TO 81 per cent. At the
stock exchange the prevailing disposition on
the part of the spectators in control is to adj
vance all dividend paving stocks TO a price
which will yield buyers about per cent, the
calculation being that the present holders of
United States bonds which are to mature next
wear will take these stocks at per cent. in
come rather than accept at 3 or S. per cent.
income from the new bonds which the gov
eminent will issue.
The transactions aggregated 46j, 900 shares,
of which LOO were Chicago, Burlington Il
Quincy; 1000 Canada Southern: 1000 Clcye-
land, Columbus, Cincinnati IL Indianapolis: 49,
900 Chicago, Columbus Il Indiana Central; 200
Delaware, lackawanna q Western; $500 Della
ware Il Hudson; 1000 Denver &c Rio Grande:
1850 Erie; 1900 Hannibal & st. Joe; 1000
81. Louis ~ Iron Mountain; 1900 Missouri,
Kansas IL Texas; $4,000 Lake Shore; 1000
Lake Erie IL Western; 5000 Louisville Il Nash
vile; 10000 Michigan Central; 5000 Chicago
N Northwestern; 1000 Nashville, Chat.
tanooga Il st. Louis; 1000 New Jersey Cen
trail: 10000 New York Central; 400 Northern
Pacific; 600 Ohio u Mississippi: 5000 Pa
cifc Mail: $4,000 Philadelphia d Reading:
10000 Chicago, Milwaukee 81 st. Paul. 1900
St Paul tS Omaha; $4,000 Union Pacific:
!9,0o0 Wabash, st. Louis e Pacific; $4,000
Western Union; $500 Chesapeake d Ohio:
22,oo0 Central Pacific and 1000 st. Louis &
San Francisco