Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-12-02
Financial and stock Markets.

NEW YORK, Dec. Money pei
cent. per annum and 1-64 per cent. per diem.,
closing at per cent. Prime mercantile
paper 6@7 per cent. Sterling exchange,
bankers bills steady at S4.SOH. Sight ex-
change on New YorK, a S4S.
Qovernments-Firm and generally H0H
per cent. higher.
Bonds-Railroad bonds irregular on mod
crate volume Of business.
State Securities-Dull.
Stocks-The stock market was generally
firm at the opening and prices in the main
H@1 per cent. higher than the closing quo
tations yesterday, Nashville, Chattanooga &
ct. Louis showing the greatest improvement.
Some few shares sold up a fraction in the early
dealings but the general market became heavy
and decline of II to TX per cent. took place,
the latter in Wabash, st. Louis & Pacific pre-
ferred. At the first board the market again
ranging from K to 21S per cent, which was
most marked In Louisville & Nashville, Nash
Vile, ChattanooRa d ct. Louis, Delaware,
Lackawanna & Western and Illinois Central
After midday speculation became weak and
under heavy pressure to sell the entire list
took downward turn, prices continuing to
recede steadily to the close of business. The
iecline from the highest point OF the day
ranged from X to 2H per cent, Lake Shore,
Nashville, Chattanooga & st. Louis, Memphis
& Charleston, Louisville & Nashville, North
ern Pacific preferred, Denver & Rio Grandt
and New York Central being most prominent
herein. The market closed heavy. The con-
tinued stringency of the money market and
unsatisfactory reports as to the condition OF
war together, had the effect of causing de-
preston in the stock market and declining
prices, the net decliue for the day ranging
from 4 "a per cent, led by Lake Shore, which
closed at 1904 against 1924 at the close yes
terday. A rumor, for which foundation could
not be found, was circulated, to the effect that
Vanderbilt demands that the Pennsylvania
Central and Erie companies shall abandon
New England territory and their officers give
up their interest in the New York & New En-
gland railroad scheme, which threatens to de-
prive the New York Central of important parts
of its New England business. Boston, Hart
ford & Erie bonds, the only representatives in
this market Of the New York & New England
road, after advancing to 80, fell to-day to n.
The call of Secretary Folger for twenty mil
lions Of extended SKIES, to be redeemed JAN
uary 40 next, was construed al indicating that
the policy Of the new secretary will Be to take
up all these bonds, the amount outstanding
being about $l4s, 00o, 900, before touching the
extended IS, and that he will not buy Is or ~
| IN the market.
The transactions aggregated 404 900 shares:
Canals Southern 1900; Central Pacific ZOO;
Chicago, Columbus & Indiana Central 1900;
Delaware, Lackawanna & Western $4,000;
Delaware & Hudson 2,500; Denver & Rio
Grande %, 200; Erie 10000; Hannibal & st. Joe
| 1000; Missouri, Kansas q Texas 5000; Lake
Shore 5000; Louisville & Nashville $4,000;
Michigan Central 10000; Missouri Pacific
| 900; Chicago & Northwestern 1,700; New
Jersey Central IL 900; New York Central IS, 600,
| Northern Pacific 10000; Pacific Mail 3,7OO;
Philadelphia & Reading 1900; Chicago,
| Milwaukee & St. Paul 1900; st..
Paul & Omaha 1900; Texas Pacific
| 1000; Union Pacific 10000; Wabash, St. Louis
& Pacific $4,000; Western Union Telegraph
| $4,000; Nashville, Chattanooga & St. Louis
10000; Robinson Mining 5000; Silver Cliff
$500; Illinois Central $500.