Daily globe., 1881-02-02
Eastern and European Markets.


New York, Feb. Money easy at S@5
per cent, closing at per cent. Prime mer-
camille paper 4114@51G per cent. Sterling ex
change, bankers bills, actual business at
s4.S2X. Sight exchange on New York at
s4.sS1i.
Produce exports for the week, 81 ,121, 600.
Governments steady for 6s and 81 and weak
and lower for other issues.
Bonds-In the railroad bond market Mis-
| souri,, Kansas & Texas second consols ad-
| vanced to S215 from go; ,Lehlgh s. Wilkesbarre
income to 941l from 9s5l; Texas & Pacific
| arsts, Rio Grande division, eX interest, to
| ess4 from 9714; Central Iowa debenture to e1
| from 80; st. Louis s. Iron Mountain second
| preferred income to Sc from IS, and Texas &
Pacific income land grants to s2115 from s1111.
| Indiana, Bloomington & Western income fell
| to IS from 50 and then recovered to 711s;
Chicago, Columbus s. Indiana Central income
declined to IS from AZ, recovered to 74114 and
closed at "A; Chesapeake & Ohio frsts, series
B, declined to 9ljj from 9311l and Rome, Water
town tS Ogdensbnrg flrsts to 81 from %.
State securities dull.
Stocks-The stock market opened weak and
SD per cent. lower for Chicago, Columbus &
| Indiana Central, 8 per cent for Alton 6 Terre
Haute common, and 5s@2 per cent. for the
general list. Prices Immediately declined SO
II per cent, but at the first board speculation
| became firm In the afternoon and the market
| took en- upward turn. The speculation was
| generally strong throughout the afternoon,
although there were occasional slight re-
actions. In the final dealings very buoyant
tone prevailed aud sharp advance vas re-
corded. The closing sales were at the highest
! figures of the day and showed an improvement
| ranging from 1S@SH per cent, the latter in
Alton d Terre Haute preferred; Alton & Terre
Haute common, Lake Erie d Western, the
Elevated railroad shares, Chicago, Columbus
& Indiana Central, Denver & Rio Grande and
| Canada Southern being also prominent in the
advance. Hereafter the Pittsburg, Titusville
Ss Buffalo stock will be called and known as
the Buffalo, Pittsburg & Western railroad
From the Erening Post financial article:
The advance from the lowest point in the stock
market ranged from ll@4A per cent, the lat
ter IN Ontario s. Western, which is up to 42$I,
the most active stock Of the day. There is
clique in this stock, with branches In the for.
eigh markets, 10 which latter 10000 shares
we're shipped. Apparently no one is more
surprised at the present strong movement in
this stock than are the actual managers of the
enterprise, who know all about it. After
Ontario & Western the principal dealings have
been in coal stocks, Western Union Telegraph
which still depends on Judge Barrett's decision
In the matter of Rufus Hatch's motion for an
Injunction to prevent the telegraph consolida-
tiou, Lake Shore, New York Central, Chicago
&c Northwestern. Chicago, Milwaukee & st.
Paul, Wabash, st. Louis g. Pacific and Erie.
Central Pacific has been quiet at 6S14@S9.
The per cent. dividend on this stock is being
paid, there being no Injunction forbddng
payment. The exceptionally strong bonds are
Missouri, Kansas & Texas bonds which are
up2A per cent. to s2k and Texas Pacific land
grant incomes, which are So against S1@S1H
at the close yesterday. The Texas Pacific,
Rio Graude division, frsts are selling, ex
coupon, at e71l l@97A. In the money market
5@6 per cent is the quotation for call loans on
stocks and 3@4 per cent. for. the same on
United States bonds. The rise in the call loans
rate at the stock exchange was undoubtedly
Influenced by fears of a break in stock col
Iaterals. It is to be said that some money
lenders, corporate, as well as individual, are
now lending on ''trash" that even six months
ago would no more have been accepted as col
lateral security than would old bonds, and
whenever there is an appearance of break in
prices these loans are called. What appeared
yesterday to be the beginning of storm now
looks only like passing squall, and loans are
accordingly rather easier to get than on yes.
terday afternoon. Time loans on approved Sc
curity 81 as per cent
The transactions aggregated 4Si, 900 shares,
of which $500 were Alton & Terre Haute;
$4,000 Chicago, Columbus 6 Indiana
Central; $4,000 Canada Southern; 2,00] Cen
| trail Pacific; $1,000 Delaware, Lackawanna &
Western; 5000 Delaware & Hudson; 5000
Denver & Rio Grands; $1,000 Erie: $500
Hannibal s. st. Joe: 5000 st. Louis & Iron
Mountain; 1000 Missouri, Kansas & Texas;
| II 600 Lake Shore; 5000 Lake Erie & Western;
| 1900 Louisville & Nashville; 5000 Michigan
Central: 1l,0e0 Chicago & Northwestern;
a,000 Nashville. Chattanooga & st. Louis;
| 1900 New Jersey Central; 14,0o3New York
Central; I4,000 Northern Pacific; Z 600 Ohio
& Mississipp: 100000 Ontario & Western;
| 5000 Ohio Central: 1900 Pacific Mail; /, 100
| Philadelphia 6 Reading: $4,000 Chicago, Mil.
| waukee & st. Paul. 2,0O0 st. Paul d Omaha;
| 5000 Union Pacific; % 200 Wabash, St. Louis
| & Pacific: 1900 Western Union Telegraph:
| 1000 Texas Pacific and 1,000 Cleveland, Col
| umbus, Cincinnati & Indianapolis.
xx1D~-~>,-, o-o-,-xa~-.