Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-10
MONEY AND TRADE
FINANCIAL.
Money and Stocks.


NEW YoaK. Feb. 2.-tiovernments strong and 80
q per cent. higher, tours making the greatest
advance by reason Of orders from savings banks
and other institutions. The former buying LII
expectation OF the passage of an act by the egiss-
trre requiring savings bank to keep 80 per cent of
their deposits In government bonds. Railroad bonds
generally lower but without any important change.
State securities du.i.
Stocks-The stock market was generally higher, and
early in the day tie was an advance ranging from
l4G2H per cent, the latter In Canada Southern
During the afternoon The market was weak and prices
declined Il 024 per cent, coal thares, Columbus
Chicago Indiana Central, Missouri, Kansas L Texas
and Northern Pacific leading the downward move
ment. The break il coal shares was based on re-
ports that the companies had reduced prices for coal
Reports from thirty five Western roads show gross
earnings of s8065 33 for January against Sc,
for the month last year, gain OF 81 o1Y,3l4 or
nearly 80 per cent. Every road with the exception
of three shows gain IN traffic The lines showing
the greatest improvement were the Atchison Topeka
Il Santa Fe, SIS, 763; Chicago & Alton. S,5s, 54S
Chicago, Milwaukee Is st. Paul, Sl7i 1926; Chicago i
Northwestern S,26675: Louisville Nashville, $780,
$685. Missouri, Kansas & Texas, S172,S74; st. Louis
Il Iron Mountain, S2Is,5 st. Louis l. San Fran
CISCO SIG, 297; Uni Pacific, S69,276; Wabash, St.
Louis & Pacific, 52n9, 25o. The earnings Of the
Illinois Central decrease S6S,00 for January. The
New York Stock Clearing House opened to-day and
the experiment of clearing stocks tried. About
100 brokers consented to clear through it for week
and much interest manifested. Where brokers
made out their statements correctly the c,earings
were made in short time and to the entire satisfao-
ton of all, but in cases brokers did not send in
their statements promptly, and this, of course, inter-
fered with siness 1t is expected matters will work
smoothly in a few days. Mr.. Hunt, manager OF
Central Arizona, has left for the Territory with
letter of credit for Sl50O0O to be used for the pur-
pose of bringing water to the mine and increasing
the number of stamps to 100. The Dsadwood Min
ing company declared it's second dividend of 25
cents per share for the month of January, payable
the 25th; transfers close the 10th. An extra seq
sion of the North Carolina legislature is to be called
March 10th, for the purpose of considering propo
son for the purchase of the interest OF the State in
the Western North Carolina road. Marietta & Gin.
cnnst first preferred closed at 1915 and Nashville
Chattanooga st. Louis at SIS.
At the close transactions aggregated 600 shares
of which 1900 were Canada southern; 1900 Chesa-
peake 4 Ohio; $500 Columbus, Chicago h Indiana
Central; 1900 Central Arizona; 2l,0oo Delaware
Lsckawanna Western; 25,UO0 st Louis Iron
Mountain; $500 Hannibal & st. Joe; loo Missouri
Kansas Texas; $500 Lake Erie & Western; 5,50t
Lake Shore Michigan Southern; 1000 Michigan
ferred; 1880 Chicago & Northwestern; 1900
Nashville, Chattanooga 4 St Louis; 800 New Jersey
Central; 5000 New York Central: ZOO Ohio Mis-
sissppi; 5000 Pacific Mail; 2,400 Reading; 3,i5C
Chicago, Milwaukee & st. Paul: 1,lG0 st. Paul 4
Sioux City; 12,GO0 Wabash, St. Louis e Pacific
I5o0 Western Union; 1900 Quicksilver; $4,000 Erie
1850 Little Pittsburgh and $500 Northern Pacific.
Money easy at 5(lG per cent, closing at S. Prime
mercantile psper 5VD5h per cent. Sterling eI-
change, bankers bills steady at S2 sight exchange
New York s4ss.