Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-12-26

Bonds-In the railroad bond market Mis-
souri,, Kansas & Texas seconds declined to
6Sx from II; do consols to 1855 from l06x !;
Chicago, Columbus & Indiana Central IN
comes to 70 from IS; Denver & Rio Grande
firsts to Ill from 112; Kansas & Pacific first
consos to lO3X from 1041k, and Ohio u Mis-
sssippi springfield division) hrsts to 11S
from 1l9.
State Securities-Dull.
Stocks-Share speculation opened firm and
x@1X per cent higher than yesterday, Rich
lington showing the most improvement. Ia
the early dealings decline was recorded rang
| ing from Il to 3% per cent, Wabash, st.
Louis & Pacific preferred, New York Central,
Northern Pacific preferred, Lake Erie & West
ern, Michigan Central and Canada Southern
being most prominent in the downward move
ment. At noon recovery took place Of IN
| to TX per cent, the latter in Northern Pacific
preferred In the early part of the afternoon
further advance for the general market of
to1x per cent. took place, while Pliladel-
phia & Reading sold up * per cent. to 49,.
| In the late dealings the market fell of a to
OK per cent, Philadelphia & Reading and Wa
bash, st. LOUIS & Pacific preferred leading in
| the decline. The market in general closed
rather weak.
NEW YORK, Dec. M-11 a. m.-The Pro-
duce Exchange having adjourned over for to-
day and Christmas there is no regular trading.
A few outside sales of wheat show trifie
stronger market. The stock market opened
| X@1% per cent. higher than yesterdays clos
| ing, Richmond & Danville and Toledo, Del
phos & Burlington showing the most i'm
provement. In the early dealings the market
declined 4 to per cent, Memphis & Charles
ton, Central Pacific, Union Pacific, Western
| Union Telegraph and Northern Pacific pre-
ferred being most prominent in the downward
movement. It was believed in some quarters
last evening that the bear movement was
about over, but the course of the ma rket this
| morning does not sustain this belief Gould
| is reported as saying there can be no bull mar
ket until certain inflated stocks are brought
down to their proper level. Gould's follow
| ing are still bearish and the opinion at this
writing is that prices will be further depressed
preparatory to bull movement in January.
| It is stated that the LOUISVILLE q Nashville
railroad has made an important arrangement
with the Chesapeake q Ohio road Exchange
sales admit of the shipment of gold from
Europe at profit.
The Evening Post says The stocks which
showed the most weakness to-day were those
of the trunk lines, notably the Vanderbilt
road and Wabash, st. Louis & Pacific. One
or two other stocks, like Northern Pacific pre-
ferred, which are the objective points of Or
ganized bear attacks, were feverish, but the
| general list of active stocks showed q steadl-
/ ness of undertone which reflects the influence
of quiet buying by strong people in and out
| of the street. 1t is not at all unlikely that
the tactics of last week will be renewed, but
| it is not likely that as much weakly margined
stock remains to be shaken out as there WAS
at the beginning of this week. and Indications
multiply that the downward movement was
encouraged by the large spectators. who con-
template a bull campaign early in the new
year, when money will be easy, and then from
$50, OO0, 900 to $50, 600, 900 of January income
will be seeking investment.
The transactions aggregated 100000 shares:
| Canals Southern 6, 100; Central Pacific 10000;
Delaware, Lackawanna & Western $1,000;
Delaware & Hudson $500; Denver & Rio
Grande 9, 400; Erie 80 900; Hannibal & st. Joe
1900; Missouri, Kansas & Texas $500;
Lake Shore $1,000; Louisville & Nashville
1900; Lake Erie & Western 1, 900; Michigan
central $4,000; Memphis & Charleston 1900;
Missouri Pacific 9,400; Chicago 3 North
western 1900; New Jersey Central 1900;
New York Central 1900; Northern Pacific
40 600; Ontario & Western 5000; Ohio Cen
trail 1900; Pacific Mail $500; Philadelphia
& Reading 2,7OO; Chicago, Milwaukee & St.
Paul 1900; st. Paul & Omaha l, 800; Texas
Pacific $500; Union Pacific $4,000; Wabash,
st. Louis & Pacific $4,000; Western Union
Telegraph A, 0UO; Chesapeake d Ohio 3, 100.