Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-10-16
Eastern and European marks,..

t8a
New YORK, Oct. 15.-Money easy at 2@s Der
cent. Prime mercantile paper 4I@51 per
cent. Sterling exchange, bankers bills weaker
at $4.6lI. Sight exchange on New York
1884
Dry goods imports for the week, $l.l8l. 900.
Governments strong and H@L per cent.
higher. Railroad bonds: There was again an
enormous business at still higher prices; Erie
junior bonds were most consr icuous. the new
second consols rising from 92% to 94I, and
funded fives advancing from SS to 80. Chicago.
Milwaukee Dc st Paul, Hastings & Dakota ex-
tension, sold upfrom 11415 to 1l6; do Lacrosse
division from 1l6 to III; do Fights first from
III to 1925. Denver & Rio Grande cCnsols
from % to 9S15. Peoria. Decatur Il Evansville
incomes, etc., from 66 to 81. Missouri. Kansas
q Texas frsts advanced to 107s6; seconds TO
654 Ohio d Mississippi. Springfield division,
to lib; Ohio d Mississippi seconds to IlSL.
Central Iowa frsts to 1868. Burlington, Cedar
Rapids d Northern frsts to &c. Chicago &
Alton frsts to 1913. Chicago & Northwestern
consols to 1877; do gold regular sevens to 49,
La Fayette. Bloomington & Muncie frsts to
l041a; doincomes to II. Ohio Central incomes
to 55; do firsts to 9715. Wabash, st. Louis Il
Pacific convertibles to 1v4; Wabash st. Louis
d Pacific new sevens to 81. Kansas Pacific
frsts to So. Union Pacific firsts to 1I3. Cen
trail Iowa debenture certificates, which sold at
65. sold this afternoon at 80. 1t is understood
prominent capitalist now on the way from
Europe, has been heavy buyer of Erie stock
and bonds for two weeks previous to his de-
parture from London.
Stocks-The stock market opened with re-
newed activity and buoyant feeling, prices adj
vancing rapidly under large buying. Shortly
after the opening there was reaction of ia
per cent, but this decline was soon recovered
and an advance of I@319 per cent. was after
wards noted in the general list. Burlington.
Cedar Rapids Il Northern, however, advance
from Is to 691s, and st. Paul, Minneapolis &
Manitoba from 81 to IS. The features of the
market were Chicago & Northwestern, st. Paul
& Omaha, Chicago, Milwaukee & ST. Paul. Lake
Shore, Erie, New York Central, Western Union
Telegraph and Michigan Central. At times the
excitement was very marked, round amounts
OF the shares above mentioned having been
taken on the advance. During the afternoon
ths buoyancy was more marked than at apy
previous time since the present upward move
ment setin. Many stocks sold higher than for
years past, while others reached the highest
figures ever made. The dividend paying shares
figured prominently in the advance, which is
due, in no small degree, to the fact that most
of them have been largely absorbed by invest
ORE and hence the floating supply on the street
is very much reduced. The present bull move
ment has for its basis easy money, continued
large imports of gold~trom Europe, heavy ex.
ports, domestic products, increased railroad
ealnings and the prosperity of general bust
ness. The transactions were particularly heavy
In Erie, the Vanderbilt stocks and granger, the
advance for the day ranging from 1905 per cent.
Information was received here to-day that the
Indian chiefs have signed release in favor of
the Missouri, Kansas Texas railroad.
The transactions aggregated $4,000 shares, OF
$4,000 Chicago, Columbus Il Indiana Central; 1900
Delaware, Lackawanna & Western 1909 Delaware
Hudson; IL, 400 Erie; 1000 Hannibal 4 st Joe:
"a st. Louis Iron Mountain: $500 Indiana
Bloomington Il WESTERN 1900 Missouri Kansas
Texas; $4,000 Lake Shore; $50 Lake Erie h
Western; % COO Michigan Central: 1900 Chicago
Northwestern; 900 Nashville & Chattanooga; 1870
New Jersey Central; 1900 New York Genital:
400 Northern Pacific; 1907 Ohio & Mississippi:
400 Chicago, Milwaukee & st Paul; 600 St. Paul
Omaha; 5000 Union Pacific; 10000 Wabash, 81.
louis & Pacific; 1900 Western Union; $500 Canada
Southern.