Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-12-03
Financial and Stock Markets.


NEW YORK, Dec. 2.-Money 4@6 per
cent. per annum and 1-64 per cent. per diem.
Prime mercantile paper 6G7 per cent.
sterling exchange, bankers bills steady al
s4.sOH; on demand, 81 S4<.
Dry goods imports for the week, 81, 9o1 600.
Governments-strong and K@X per cent.
higher except extended Is, which were IN
changed.
Bonds-Railroad bonds irregular and un-
settled.
State Securities-In light request.
stocks-Shars speculation vas irregular at
the opening but prices generally s@% per
cent higher than the closing quotations OF
yesterday. The early dealings were character
lied by feverish tone and the entire market,
excepting Louisville & Nashville, which rose
* per cent, soon became weak and fell
of 1s@X per cent. At the FIRST board there
was an advance Of x@1 per cent, followed
BY decline of to 1X per cent, Chicago &
Northwestern leading in the rise and Wabash,
St. Louis d Pacific preferred In the reaction
During the afternoon speculation was fevsrsh
and rather heavy, Wabash, St. Louis & Pacific
being notably weak, the common stock de-
clining ~ per cent and preferred TX per
cent from the highest point Of the morning.
la the final sales the market assumed strong
tone and closed at q recovery of \ to IL per
cent. from the lowest figures Of the day, Den
yer & Rio Grande, Wabash, st. Louis & Pa
cific and Texas Pacific being most prominent
therein, and was materially assisted to float
nv ho rot for
Central & Hudson River, which Is usually a
very dull stock, was decidedly active and
strong throughout, as was also Lake Shore.
While these important trunk line stocks were
SO strong, Gould stocks were all very weak,
notably Wabash, st. Louis & Pacific shares,
report having been started that it is the inten-
ton of that company to omit the net dividend
on pending stock. This strange condition of
affairs induced some to think that Vanderbilt's
stocks were made strong for the purpose of
selling the remainder of the list advantage
ously, and others that Gould stocks were
weakened SO as to make the conditions favor
able for buying trunk line stocks. There
were no new developments respecting trunk
line railroad affairs and most diverse opinions
were held as to whether there will be settle
ment. Louisville & Nashville, Denver & Rio
Grande Chicago & Northwestern and Della
ware, Lackawanna & Western were strong
without reference to trunk line road affairs.
Approximate earnings Of the Denver & Rio
Grande railway during November $566, sl9,
against $408, 562 the same month last year;
total earnings since the LIST of January S., $685.
1872 total construction during the same time,
| sl99, 40; number of miles now operated,
| 1,00S; miles last year 551.
The transactions aggregated 345, 900 shares:
| Canals Southern roo; Central Pacific $500;
Delaware, Lackswanna & Western 81 600;
Denver & Rio Grande 80 900; Erie 10, 600; Mis-.
souri,, Kansas & Texas 10000; Lake
Shore Sc, 900; Louisville & Nashville 19, 600;
Michigan Central 1000; Missouri Pacific
900; Chicago & Northwestern $4,000; New
Jersey Central 1000; New York Central 81, 600;
Northern Pacific 10000; Pacific Mail LOO;
Chicago, Milwaukee & st. Paul 10000; ST.
Paul & Omaha 5000; Texas Pacific
Il, 900; Union Pacific 5000; Wabash, St. Louis
& Pacific 41,OO0; Western Union Telegraph
| $4,000; Nashville, Chattanooga & St. Louis
$500; Robinson Mining 1900; Silver Cliff
$500.
M0PNTNo OTIOTATT0Ns