Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-09-15
Eastern and European Markets.


New YORK, Sept. 14.-Money 4@6 per
cent. Prime mercantile paper 5@6 per
cent. Sterling exchange, bankers bills firm
at $4.8Ox. Sight exchange on New York,
a SAX.
Governments strong, being 1918 per cent.
higher for ANS and As, and extended IS 575
per cent. higher; extended Is unchaoged.
Bonds-In the railroad bond market Lake
Erie & Western incomes advanced to ~ from
50; Rochester & Pittsburgh incomes to 45
from 40; Ohio Central incomes to So from So
and reacted to 81; Chicago, Columbus d In
diana Central incomes to TIN from 761a; st.
Louis & Iron Mountain first preferred incomes
to 99X from $50, and Boston, Hartford &
Erie frsts to 73L from 72H and reacted to 70.
State securities inactive and generally nom
inal.
Stocks-The stock market opened irregular.
In the early dealings there was decline OF e
@% per cent, but at the first board strong
tone prevailed and an advance of x to per
cent. took place, Chicago, Burlington &
Quincy, Illinois Central, st. Paul & Omaha,
Delaware, Lackawanna & Western, Wabash,
St. Louis & Pacific, Chicago, Milwaukee & ST.
Paul, Lake Shore, New Jersey Central and
Michigan Central leading therein. This was
followed by decline of 3x per cent. in Chi
cago, Burlington & Quincy, the general list
reacting slightly, but there was fractional
recovery. During the afternoon heavy reali-
cations set in and full rates were asked for
money, which resulted in steady deprecia-
ton in values up to the close of business, the
final sales showing falling off from the best
figures of the day ranging from Y to ~ per
cent, the latter in Michigan Central. The
other shares prominent in the downward
movement were Chicago, Burlington &
Quincy, Denver & Rio Grande, Western Union
Telegraph, coal and granger stocks, Texas Pa
cifc, Chicago, Milwaukee q st. Paul, Lake
Erie & Western preferred, Ohio & Mississippi
and Lake Shore.
The Euening Post says: The sudden check
to the recently developed bullish temper in
dicates that after all it is only yet trading
market.
The Express says: The decline in Western
Union Telegraph and the advance in money to
per cent. hurt the general stock market just
previous to the close and caused further de-
cline in prices In addition to these causes
were free sales by some OF the large bulls,
general attack on leading shares by some of
the bears and vague rumors circulated during
the afternoon there would be no dividend on
Michigan Central and that the Lake Shore
dividend would be under Q per cent. These
rumors could not be verified. but they had
their effect nevertheless.
The transactions aggregated A2 200 shares;
Canada Southern 1900; Central Pacific 6,000;
Chicago, Columbus & Indiana Central 1,400;
Delaware, Lackawanna & Western $4,000;
Delaware & Hudson 400; Denver & Rio
Grande 5000; Erie II 900; Hannibal & st. Joe
preferred 1900; Missouri, Kansas & Texas
$500; Lake Shore $4,000; Louisville & Nash
vile 3,4OO; Lake Erie & Western
el,100; Michigan Central $4,000; Mis-
souri, Pacific 4,400; Chicago & Northwestern
II 900; New Jersey Central $4,000; New York
Central AZ, 900; Northern Pacific $500; Ohio
s. Mississippi 5000; Ontario & Western
4,7U0; Ohio Central 1890; Pacific Mail $500;
Peoria, Decatur & Evansville 80, 900; Philadel-
phia q Reading 7,40O; Chicago, Milwaukee
d st. Paul 10000; st. Paul s. Omaha l4,O00;
Texas Pacific 5,700; Union Pacific Il, 900; Wa
bash, St. Louis & Pacific Is 900; Western I'm
ion Telegraph $4,000; Illinois Central 10000;
Chicago, Burlington & Quincy 800; st. Louis
& San Francisco $500.