Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-18

change, bankers bills steady at ISIS. Sight
exchange on New York 991s.
Governments quiet and steady.
Bonds-Railroad bonds active. The largest
advance was per cent. in Wabash, st. Louis
& Pacific equipment which sold up to 1915,
and next largest ~ per cent. in Chicago, Mil
waukee & st. Paul gold bonds which sold up to
| 1873, and the next 43s per cent. in Wabash,
st. Louis & Pacific general mortgage skies
| which sold up to 104I4. The other changes
were as follows: An advance of 2 per cent, in
Mobile & Ohio first debentures 1 q in Boston,
Hartford & Erie firsts, ~, in Ohio & Mis-
sissippi seconds, 1 "A, in Rome, Watertown &
| Ogdensburg firsts, per cent, in Chicago,
Columbus & Indiana Central incomes, Mobile
& Ohio new mortgages, Ohio Central incomes
and Chicago, Milwaukee & st. Paul consols.
There was decline of 2 per cent, in st. Louis
& Iron Mountain seconds, preferred income,
per cent in New York Central, Pennsylvania
and Ohio & Mississippi incomes, and Mobile &
Ohio, second debentures, q in st. Louis &
Iron Mountain, first preferred incomes.
| State securities dull.
| Stocks-At the opening of Stock Exchange
the market opened strong, and in early dealings
prices advanced a to per cent, Illinois Cen
trail, Chicago, Milwaukee & st. Paul, Chicago
& Northwestern, and Chicago, st. Louis &
| New Orleans leading in the upward movement.
The telegraph shares moved independently of
the general list, Western Union Telegraph
declining5 ~ per cent, and American Union
Telegraph advanced 81. After midday the
entire market declined d to 2 per cent,
| in the latter. In late dealings speculation as
sumed strong tone, and under brisk pur-
chases an advance ranging from a to Is per
cent. was recorded, Canada Southern leading
| in upward movement, Ontario e. Western,
Pacific Mail, and Chicago 81 Northwestern
| preferred being also prominent therein.
Chicago, Burlington & Quincy, which closed
Saturday at It's bid, opened at 1851, reacted to
1871, rose to ia, reacted to 1908 and closed
at 172@173.
The Commercial says: The common capital
of the Chicago & Northwestern company on
the 31st of May next will stand on the books
worth $50 per cent, and the common capital of
the st. Paul company now stands on books
worth over 1881 per cent.
| The Grpphic says: Vanderbilt, Green &
Morgan have united in reqAest for proxies
| in favor of an amalgamation of various tele-
graph lines.
There was strong talk among large traders
| of 125 for Union Pacific this week and higher
prices were predicted for Wabash, st. Louis e
Pacific stocks. President Humphrey has
gone west on on important business con-
nected with Wabash, st. Louis & Pacific road,
and some very important new projects and
connections are being negotiated. There is
large buying of Wabash, st. Louis d Pacific
for Amsterdam and London traders, also of
Ohio & Mississippi. A new upward move
ment was rumored on Burlington, Cedar
Rapids q Northern the 23d inst. Large ope-
rators are confident of a rise in Della
ware & Hudson to par this week. Mr..
Gould's friends anticipate much higher
price forthe southwestern stocks in
which he is largely interested during the week
st. Louis & San Francisco railroad company
declared dividend of So per cent. upon its
preferred stock, payable February LIST. 1t is
now stated that papers have positively been
signed for tripartite freight agreement be-
tween the New York Central d Hudson River,
the Michigan Central, and Canada Southern
railroads. 1t is announced on official authority
that the Peoria, Decatur & Evansville railroad
company earned surplus last year
after fully providing for expenses,
fixed charges and interest in its income bonds.
The stockholders of Erie preferred have been
complaining for time because they have re-
ceived but per cent. dividend in 1880, claiming
that they, as well as the bondholders, were en-
titled to per cent, there being net surplus
of over S6C0,0 600 over interest, charges and ex-
penses. The reconstruction committee have
agreed to meet the claim, as Judah P. Ben
iamn and his associates have decided that I'M
der the agreement the preferred stockholders
must be paid 6 per cent. for 1880, and also that
a dividend on the common must be declared
whenever there is a surplus over the amount |
necessary to pay the dividend on preferred.
The earnings of the Denver & Rio Grande rail- |
road increased $4,000 the second week OF
January The yield of the Lake Superior |
mines for 1SsQis given as 31,5S2 tons of cop |
per ore, of which Calumet and Hecla produced i
1882 tons, Quincy 2,439, Osceola 1887, |
Franklin 1888, Atlantic 1,676, and the other |
mines amounts less than 600 each. Silver |
mining shares were active to-day, Boston Con- |
SOlldated and silver CllH DelHS lile Iedtures.
The former rose to $50, declined to $780, and |
rallied to 125. Late in the day Silver Cliff rose |
to bid on the news that in spite of the loss |
of time and poor mill, the bullion products |
and sales of concentrated for the working |
nine months of 1850 approximate s275,OOO.
The yield of the Homestake mine for Decem-
Der amounted to s1Os,OOO. The dividends thus
far paid amount to ss7 900. Erie net earnings
increased S35S,0Q0 for the year 1850.
The Ercning Post says: The Stock Ex-
change market started off very strong. United
States bonds unchanged in price, which de-
ponds very much on the legislation at Wash
ington respecting refunding. Railroad bonds
strong at general advance, the features being
Junior securities of Southern and Southwest
ern railroads, which are largely subject OF
SPECULATION. Old choice bonds scarce in the
market and rule at very full prices. The stock
market, excepting Philadelphia d Reading and
telegraph stocks, opened strong aud higher,
and was alternately strong and heavy, but in