Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-05-18
Eastern and European Markets.

New YORK, May 17.-Money easy at 3@4 per
cent. Prime mercantile paper 4@4a per
cent. Sterling exchange, bankers bills weak
at S4.S51s. Sight exchange on New York
$4.S7H.
Produce exports for the week, $6,014 900.
Governments steady for skies, 1s@4 per
cent. higher for IS and 1s@A per cent. lower
for Az S and As.
Bonds-Railroad bonds fairly active and IT.
regular.
State securities in light request.
Stocks-The stock market opened strong
and generally higher, but in the early dealings
prices declined n to * per cent. At the first
board firmer tone prevailed and an advance
of K to per cent. was recorded, in which St.
Louis & Iron Mountain, Texas Pacific, Louis
vile & Nashville, Western Union Telegraph
and Delaware, Lackawanna IL Western were
| most prominent. This was followed by a slight
reaction and later bya partial recovery, but
during the afternoon pressure to sell was de-
veloped in Elevated railroad properties which
brought these shares down S@4 per cent, the
general list selling off a to IL per cent. In
the late dealings there was rally of per
cent. in Elevated railroad shares and the gen.
eral market sold up a to II per cent. Some
| banks are selling and ~ per cent. bonds and
buying IS, so as to procure 81 per cents,
which explains why IS were so strong to-day
and others at the time lower. The weakness
in Elevated railroad shares was on reports of
impending events of importance, the precise
nature of which is not disclosed. The major
ity of stocks closed at the highest prices of
the day. 1t is expected here that important
BUSINESS in reference to the unifcation of
Southwestern lines will come before the meet
ing of the Missouri, Kansas & Texas railroad
company at Parsons tomorrow.
The Post says: The S3,OO0,000 forty year
per cent. gold bonds of the Indiana, Bloom
ington & Western railroad were offered yes
terday morning for public subscription at
1925. They were nearly all taken yesterday
and the price was advanced to-day to los. Be-
fore noon to-day the entire remainder was
taken, so that the whole loan may be said to
have been taken within day and and a half, a
part at an advance of 2X per cent.
Alton 81 Terre Haute 900; Canada Southern
1900; Chesapeake & Ohio 5000; Central Pa
cifc 5000; Cleveland, Columbus, Cincinnati d
indianapolis 1,l00;- Chicago, Columbus & In
diana Central $500; Delaware, Lackawanna
& Western 10000; Delaware & Hudson 1000;
Denver & Rio Grande 1000; Erie Is 900; Han
nibal & St. Joe 3,000 SssLouis q Iron Noun
tain 1890; Missouri, Kansas & Texas 81, 900;
Lake Shore 2l,OOO; Louisville & Nash
vile $4,000; Michigan Central 1000; Mobile &
Ohio 5000; Memphis 81 Charleston 1900;
Chicago & Northwestern 1000; Nashville,
Chattanooga & St. Louis $500; New Jersey
Central IA 900; New York Central 900; North
ern Pacific $500; Ohio g. Mississippi 5000;
Ontario s. Western 5000; Ohio Central 5000;
Pacific Mail $4,000; Peoria, Decatur & Evans
vile 1890; Philadelphia & Reading 5000;
Chicago, Rock Island q Pacific 1000; Chi
cago, Milwaukee & st. Paul 10000; St. Paul
& Omaha 5000; Texas Pacific $4,000; Union
Pacific 10000; Wabash, st. Louis & Pacific
$1,000; Western Union Telegraph 10000; In
diana, Bloomington & Western $500; Hous-
ton s. Texas Central $500; Cincinnati, San
dushy g. Cleveland $4,000; Consolidation Coal
A