Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-06-12

per cent. Sterling exchange, bankers bills
steady at $4.84H. Sight exchange On New
York $4.85I.
The following is the weekly statement Of
the New York associated banks:
Loans, increase. ............$ 6,4OO, 600
Specie, increase. NEUTRALITY-SUSPICIOUS.. S50,700
Legal tenders, decrease. ........ $4,000
Deposits, increase. ...........-... 6,094 600
Circulation, decrease. .......... 27,200
Reserve, decrease. .........--.-.. 6S4, $50
The banks now hold $780, $40 in excess of
legal requirements.
Governments strong and ,14@H per cent.
higher.
Bonds-In the railroad bond market the
special feature was Texas 81 Pacific land grant
incomes, which advanced to 94% from 92116;
Lake Erie & Western incomes declined to S2H
from IS X and advanced to 81; Rome, Water
town & Ogdensburg firsts advanced to 1919
from 107 and declined to 1861; Chesapeake &
Ohio currency skies and Chicago, Milwaukee
& st. Paul consols advanced to 1907 from
1291s; New Jersey Central consols assented to
119H FROM 11S1z; Houston & Texas Central,
Western division firsts, to Ia from l12%;
Boston, Hartford & Erie tirsts to S5k from
S4114 and Peoria, Decatur & Evansville incomes
to OH from 9O1S. Ohio Southern incomes
declined to ga from g., and St. Louis & Iron
Mountain, Arkansas division firsts, to ia
from lis.
State securities dull.
Stocks-The stock market opened generally
firm and in the early dealings an advance of ii
to 80 per cent. was recorded, Louisville, New
Albany & Chicago, Northern Pacific, Western
Union Telegraph and do ex. certificate leading
in the upward movement. This was followed
by reaction of Is to rs per cent. but specu-
lation soon became strong again and at the
afternoon board the market became quite
bpoyant and an advance of x to per cent.
took place, which was most marked in Mem
phis & Charleston, Union Pacific, Western
Union Telegraph and Canada Southern. The
| balance of the list advanced a to 5H per cent,
with Western Union Telegraph stock and ex.
certificate, Union Pacific, Central Pacific, Pc
| oria, Decatur & Evansville, Rome, Watertown
& Ogdensburg, Northern Pacific preferred and
Denver & Rio Grande most prominent IN the
| rise In the late dealings there was fractional
reaction, but the market closed generally firm.
| The railway and miscellaneous speculation
was unsettled and generally lower during the
| first half of the week on rumors OF cutting by
trunk lines and the payment by the Pennsyl-
| vania railroad company OF large sum OF
| money in settlement for purchases of Phila-
| delphia, Wilmington Il Baltimore railroad
stock, which operation gave rise to a tenn.
porary fear that money might have to be sent
| to New England to the detriment of the local
money market, but toward the close when the
rumors of cutting rates were denied and it was
| announced that meeting of the trunk line
presidents in this city was harmonious, there
| was marked change for the better, the tenn
per of which was general. and in some cases
sharp advance in prices. The upward
movement at the close was materially assisted
by the ease in money, the improved invest
ment demand for securities and the large in
crease in railway earnings for the first week OF
June, the Chicago, Milwaukee & st. Paul
railroad showing gain of S11 ,592, Chicago
| Northwestern $l01 ,OC0, Denver & Rio Grande
$69,S96, Union Pacific S17,034, St. Paul &
Omaha S39,921 and ST. Louis IL San Francisco
| Ohio road for May were S249,69S against
1894 ,430, an increase of S49,255. The Indiana
Bloomington & Western earnings for May
were S102,630, an increase of S16,S97.
| The transactions aggregated $4,000 shares
Canada Southern Il, 900; Central Pacific 4, 100
| Chicago, Columbus & Indiana Central 4, 400
| Delaware, Lackawanna & Western 5000; Den
| yer & Rio Grande $4,000; Hannibal & st. Joe
| 500; Missouri, Kansas & Texas $500; Lake
Shore $4,000; Louisville & Nashville $4,000
Lake Erie & Western 1900; Michigan Central
$500; Chicago & Northwestern $780, New
Jersey Central $500; New York Central
| $500; Northern Pacific 81 900; Ohio d Mis-
sissippi 2,60O Ontario & Western 1000; Ohio
| Central 1880; Pacific Mail 100; Peoria
Decatur & Evansville 1,7eO; Philadelphia &
Reading GOO; Chicago, Milwaukee & St. Paul
$500; St. Paul d Omaha $500; Texas Pacific
Il, 800; Union Pacific 10000; Wabash, St.
Louis & Pacific II 900; Western Union Tele-
graph $1,000; Marietta & Cincinnati preferred
$500; Memphis & Charleston 8,400; St.
Louis & San Francisco 1900.