Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-12-25

| Governments Generally firm.
Bonds-In. the railroad bond market Mis-
souri,, Kansas & Texas seconds declined t,
6Sx from II; do consols to 1855 from 1O6%
Chicago, Columbus & Indiana Central IN
comes to y from Is; Denver & Rio Grand
firsts to Ill from 112; Kansas & Pacific frs
consols to 103K from 104111, and Ohio & Mis-
sissippi Springfield division) firsts to II,
| from 119.
State Securities-Dull.
stocks-Share speculation opened firm ani
X@1H per cent. higher than yesterday, Rich
mond & Danville and Toledo, Delphos & Bur
lington showing the most improvement. II
the early dealings decline was recorded rang.
ing from u 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 a recovery took place of ~
to 4 per cent, the latter in Northern Pacific
preferred. In the early part of the afternoon
a further advance for the general market of
x to TX per cent. took place, while Philadel-
phia & Reading sold up * per cent. to SO.
In the late dealings the market fell off u 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. 24-11 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 a trife
stronger market. The stock market opened
1s@115 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 X to 2per cent, Memphis & Charles
ton, Central Pacific, Union Pacific, Western
Union Telegraph and Northern Pacific pre-
ferred being most prominent in the downward
movement. 1t was believed in some quarters
last evening that the bear movement was
about over, but the course of the market 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.
1t is stated that the Louisville q Nashville
railroad has made an important arrangement
with the Chesapeake & Ohio road. Exchange
sales admit of the shipment of gold from
Europe at profit.
The Epening 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 steadi-
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 bull campaign early in the new
year, when money will be easy, and then from
$50, 00O, 600 to SS0,000,000 of January income
will be seeking investment.
The transactions aggregated 4S0, 600 shares:
Canada Southern {, 100; Central Pacific 10000;
Delaware, Lackawanna Il Western 81, 600;
Delaware & Hudson $500; Denver & Rio
Grande 9,400; Erie 10000; Hannibal & st. Joe
1900; Missouri, Kansas & Texas $500;
Lake Shore $1,000; Louisville & Nashville
1900; Lake Erie & Western 1000; Michigan
Central $4,000; Memphis & Charleston 1880;
Missouri Pacific 9,4OO; Chicago g. North
western 1890; New Jersey Central $4,000;
New York Central 1900; Northern Pacific
AZ, 1000; Ontario & Western 5000; Ohio Cen
trail 1900; Pacific Mail $500; Philadelphia
& Reading 2,7O0; Chicago, Milwaukee q st..
Paul 1900; ST. Paul & Omaha 1900; Texas
Pacific $500; Union Pacific $4,000; Wabash,
St. Louis & Pacific $4,000; Western Union
Telegraph 10000; Chesapeake & Ohio S,1OO.