Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-02-18
Eastern and European Markets.

New YORK, Feb. 17.-Money easy at 4@6
per cent, closing at 5 per cent. Prime mer-
camille paper 495 per cent. Sterling ex-
change, bankers bills quiet at S4.SS4.
Sight exchange on New York at S4.S6.
Governments strong and shade higher for
some issues.
Bonds-In the railroad bond market the fea-
lures were New Jersey Central income, which
advanced to los from 104; Texas & Pacific in
come land grant sevens to SO from o71s; Mis-
souri,, Kansas & Texas second consols to ssh
from 81; Wabash, st. Louis &Pacific equip
ment sevens to rs from IS; Indianapolis, De-
catur & Springfield seconds income to 64M
from 6S, then fell to SO and later recovered to
6311; Chicago, Columbus & Indiana Central
income advanced to 1874 from 72, and Indiana,
Bloomington & Western seconds to so from 70.
Mobile & Ohio first debentures declined to 81
from SIS, and Indiana, Bloomington & Western
income to 1914 from 1885, and later recovered
to 1874.
State securities in light request; Louisiana
consols rose 8 per cent.
Stocks-The stock market was strong and
active throughout almost the entire day, some
the opening the general list showed an adj
vance on the quotations of yesterday. Buying
in the leading shares was on very large scale
and prices advanced sharply. The upward
movement continued till late in the afternoon.
The improvement in prices ranged from 1a@5
per cent, the latter in Pacific Mail; New
Jersey Central selling up 42S per cent, Han
nibal IL st. Joe common ~ per cent, Wabash,
st. Louis 81 Pacific skies, preferred per cent,
common 236 per cent, Canada Southern and
Denver & Rio Grande 2118 per cent. At the
close New Jersey Central reacted 3 per cent,
but the rest of the market was very firmly
held and speculation closed strong. Oregon
Navigation rose per cent. to 1S4 and closed
at 1S2@1S4.
The Ercning Post says: 1t is reported that
the chief of the organized Oregon Navigation
system recently gave notice to his following,
who, under his lead have, in the last two
years, made a fortune, that he wanted to find
s., 000, 900, to be used for purpose which he
would disclose later. That in response to this
notice he received offers of S16,000,000, but
allotted only SS,0O0,000 Moreover, that his
receipts or certificates of accordance of sub
scriptions have since sold at 40 per cent.
premium. We say that this is reported. 1t
was told us by reputable banker, and parts of
the tale read like a chapter from a leaf of John
Law We now hear, but not on the same au-
thority, that the purpose for which the money
was wanted is to be used in securing the con-
struction of the Northern Pacific railroad, the
scheme being, practically, to bring about u
union Of the interests of that company and the
Oregon Navigation. We have been unable to
confirm this, but if it is true it affords an ex-
PLANTATION for the large rise in Northern Pacific
common stock and the advance to-day in
preferred shares.
The transactions aggregated 615, 900 shares,
1000 Chicago, Columbus 81 Indiana Central;
1900 Canada Southern; 5000 Central Pacific;
5000 Chesapeake & Ohio; 1000 Chicago, st.
Louis II New Orleans; 800 Delaware, Lacka-
wanna 81 Western; 1000 Delaware Il Hud-
son; 1880 Denver 6o Rio Grande; $4,000 Erie
81 900 Hannibal & st. Joe: 1000 st. Louis Il
Iron Mountain; 1900 Missouri, Kansas &
Texas; 1900 Lake Shore; 5000 Lake Erie &
Western; $1,000 Louisville 81 Nashville; 1000
Michigan Central; 27,'00 Manhattan Elevated;
5000 Metropolitan Elevated; 1900 Chicago
s. Northwestern; 81 eco New Jersey Central
6,00J New York Central; 5000 Nashville,
Chattanooga d st. Louis; 10000 Northern Pa
cific: COO Ohio & Mississippi; 10000 Ontario
& Western; 1000 Ohio Central; 10000 Pacific
Mall 1900 Peoria, Decatur & Evansville;
1900 Philadelphia e Reading; 5000 Chi
cago, Milwaukee s. st. Paul; 5000 st. Paul
IL Omaha; $4,000 Texas Pacific; Is, 200 Union
Pacific; $1,000 Wabash, st. Louis d Pacific;
1900 Western Union Telegraph; 1000 Cleve-
land, Columbus, Cincinnati & Indianapolis;
5000 Little Pittsburgh.