Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-21

NEW YORK, July U.-Money easy at OK @
81 per cent, closing at Ok per cent.
Prime mercantile paper 3@4 per cent
Sterling exchange, bankers bills weak
at $4.83X. sight exchange on New York
s4s5h.
Governments irregular.
Bonds-The railroad bond market was gen.
orally lower. The features were Chicago, Col
umbus s. Indiana Central incomes, which de-
clined to IS from 70, and Ohio Central in
comes, which declined to Sc from go. The lat
ter recovered to SIX and declined to 5615.
Mobile & Ohio second debentures declined to
IS from 20; Rochester & Pittsburgh incomes
to $50 from S.; st. Louis & Iron Mountain
flves to 90 from ~; Indiana, Bloomington
& Western seconds to IS from IS, and Ohio &
Mississippi, Springfield division firsts, to 1l2
from 100.
In State bonds Tennessee skies, new, declined
to 73K from 7511.
Stocks-The stock market was irregular at
the opening and continued unsettled in the
early dealings, but at the first board advanced
d to ~ per cent, Union Pacific and Michi-
gan Central leading. Toward noon, however,
speculation became weak and under free sales
decline of to 81 per cent. took place, the
latter In Northern Pacific preferred Chicago,
Burlington & Quincy, coal stocks, granger
properties and Pacific railroads were also
prominent in the downward movement. Dur.
ing the afternoon there was firm tone 10
speculation and under heavy purchases a
steady advance up to the close of business,
when an improvement was shown of n TO 81
per cent, Chicago, Burlington & Quincy, Chi.
cago & Northwestern, Northern Pacific pre-.
Fferred, Union Pacific, Delaware, Lackawanna
& Western, New Jersey Central, Denver & Rio
Grande and Lake Erie & Western being most
prominent in the advance.
The Evening Post says: AS rule the stock
market IN the last hour was strong. Evident
ly good many short sales were covered and
considerable stock bought for long account,
ON the theory that the time has come for up.
ward action and that something favorable will
result from to-morrow's meeting of railway
agents. The advance in the last hour ranged
from n to 1H per cent, the latter in Union
Pacific, which was brought up to 1915, the
highest price of the day. Although at times
TO- day prices fell below the lowest of yester.
day, yet the closing prices this evening are Y
to 4 per cent. higher except Union Pacific,
which Is per cent. lower for preferred and q
Der cent. for common, and Colorado Coal,
| which is TX per cent. lower. In the final
sales Richmond & Allegheny stock dropped
from CIV to Sc. In some cases the highest fig.
ures of the day were made at the close. Min.
ing shares were for the most part strong;
Central Arizona, with sales of IS, 900 shares,
fuctuated between and 81, closing 3A.
Two Wall street journals express belief that
the last mentioned property is good, but un-
merclfully denOunce the officers of the CON-
pany as spectators and caution stockholders
not to play into the hands of manipuators by
buying when stock is strong and selling when
it is weak.
The transactions aggregated 459, 600 shares:
Canada Southern $780, Central Pacific 1880;
Chicago, Columbus & Indiana Central S,4O0;
Delaware, Lackawanna q Western $4,000;
Delaware & Hudson $50; Denver & Rio
Grande 1900; Erie 10, 900; Hannibal & st. Joe
$780, Missouri, Kansas & Texas 10000; Lake
shore "a, 900; Louisville & Nashville 5000;
flake Erie & Western 1900; Michigan Central
II, 100; Memphis & Charleston LOO; Missouri
Pacific $500; Chicago & Northwestern
u, 900; New Jersey Central 10000; New
York Central $500; Northern Pacific
45 900; Ohio & Mississippi 5,400; Ontario &
Western 5000; Ohio Central $1,000; Pacific
Mail 50 900; Chicago, Milwaukee & St. Paul
$4,000; st. Paul & Omaha $500; Texas Pacific
$500; Union Pacific $4,000; Wabash, st. Louis
Il Pacific 27,OUO; Western Union Telegraph
2S,0O0; Central Arizona IS 900; Philadelphia &
Reading 1900.