Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-06-07

NEW DIRK, June o.-MOney easy at 200
per cent. Prime mercantile paper 3@4
per cent. Sterling exchange, bankers bills
steady at $4.s3x. sighG exchange on New
York e4.s5A.
Governments weak and HGX per cent
lower.
Bonds-Railroad bonds irregular and un
settled.
State securities in light demand.
Stocks-The stock market opened generally
weak and lower and was irregular and unset
tied in the early dealings. At the first board
speculation became weak and prices declined
u to ~ per cent, Indiana, Bloomington
Western, Lake Shore, Central Pacific, Mis-
souri,, Kansas & Texas, Peoria, Decatur &
Evansville, New York Central and New Jersey
Central leading in the downward movement
During the afternoon the dealings assumed 8
strong tone and under good buying prices
steadily advanced up to the close of business
when the improvement from the lowest point
of the day ranged from n to 2X per cent.
Denver & Rio Grande, Canada Southern, West
ern Union Telegraph, Chicago, Milwaukee
st. Paul, Chicago & Northwestern, New York
Central and Lake Shore being most conspicu.
Gus therein.
The Commercial Bulletin says: Notwith
standing last Saturdays bank statement and
the prospect that the one for the coming Sat
urday will be. unfavorable, the money market to
day was easy at about per cent. for call loans
on stocks. Our reason for expecting that
the bank statement for this week may
be unfavorable is the large amounts
of money to BIZ sent from here
to Philadelphia as the proceeds of the sale OF
the Pennsylvania railroad collateral trust pei
cent. bonds, SIC, 000, 900 Of which have beer
issued. The Pennsylvania railroad company
wants this money to pay to the Boston AND
other holders of Philadelphia, Baltimore &
Western railroad stock, the majority of which
was recently bought by the Pennsylvania
phia this money, or the main part Of it, will
be sent to Boston, unless the collateral trust
per cent. bonds are taken there IN preference
to the money. The transfer of this and other
large amounts OF money on other accounts
temporarily influences the money market. but
everyone knows that taking the
summer as a whole the prospects are
Speaking of the Milwaukee & St. Paul, the
same paper says rumor was current but moi
confirmed, to the effect that the company had
decided to increase it's common shares OF
capital stock 30 per cent, and allow hold.
ders of company stock to take the new shares
at par.
The transactions aggregated 297, 900 shares
Canada Southern 8,70O; Central Pacific $500
Chicago, Columbus & Indiana Central 5000
Delaware, Lackawanna & Western 10000; Del.
aware & Hudson 2,00e; Denver & Rio Grande
l3, 900; Erie 10000; Hannibal & st. Joe 2,40O
Missouri, Kansas & Texas 400; Lake Shore
1920; Louisville & Nashville 2,400; Lake
Erie & Western 1,10o; Michigan Central
10, 800; Chicago & Northwestern $4,000; New
Jersey Central $500; New York Central
1000; Northern Pacific 7,4Oe; Ontario 6
Western 1900; Ohio Central 2,70O; Pacific
Mail 400; Peoria, Decatur & Evansville
1885, Philadelphia & Reading 1,100; Chi.
cago, Milwaukee & st. Paul $500; st. Paul
& Omaha $500; st. Louis & San Francisco
1000; Texas Pacific 2,100;. Union Pacific
%, 900; Wabash, St. Louis. & Pacific 2,40O
Western Union Telegraph 1000; Memphis
& Charleston $500; Indiana, Bloomington
Western 24O0