Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-02-14
Eastern and European Markets.

Bonds-In the railroad bond market prices
were irregular and generally higher. The fol-
lowing were compared with the last previous
sales: An advance of per cent. in Denver &
Rio Grande exists, ~ in New Jersey Central
income, 111s in Indiana, Bloomington g. West
ern income, II in Delaware & Hudson regis
tered 'S4s, y per cent. in Kansas & Texas con-
suls, assented, Bloomington & Muncie income,
and Chesapeake & Ohio currency skies, and IA
per cent. in Louisville & Nashville general
mortgage skies, and Metropolitan Elevated Sec
onds. There was decline of IL Il per cent. in
Indiana, Bloomington & Western seconds, and
1 per cent. in Ohio Central income.
State securities in light request.
Stocks-The stock market was characterized
by great activity, and prices advanced steadily
throughout the day. Speculation became ex-
trenlely brisk in the late dealings, when the
highest prices of the day were touched. The
improvement as compared with last nights
closing prices ranged from X to 625 per cent,
the latter in Nashville, Chattanooga & st.
Louis, which sold up to 1925, but which sub
sequently reacted to 78H. The general list,
however, continued strong to the close. Other
important changes were as follows: Prices ad-
vanced So per cent. in Alton & Terre Haute
preferred, 3s in common, in Metropolitan
Elevated, 2 in New York Central, 25s in Chi
cago & Northwestern, 21s in Delaware, Lack
awanna & Western, 2 in New Jersey Central,
81 in Ontario g. Western, and 2 per cent. in
Denver g. Rio Grande. The market closed
strong, with an upward tendency.
The Ereming Post says: 1t is generally
talked that next week will witness further i'm
portant improvements in Pacific commercial
stock, telegraph stocks, and Northern Pacific
shares. This talk undoubtedly Influenced
buying during the last hour to-day.
The Express weekly review says: The
events of the week in financial circles were i'm
portant chiefly on stock exchange, where vol
ume of business was large, especially toward
the close, and more strong, being character
lied by very steady ruling of rates, which
ranged from to 4 per cent. on government
bonds, and from to 6 per cent on govern
ment, railroad and miscellaneous collateral
currency. The movement continues in favor
of this center, though receipts during the
week were somewhat smaller than those of
last. Discount, prime names, at or 5 per
cent. Foreign exchange extremely dull and
nominal; rates, s4.sS@4.s6 for long and short
sterling, through the week. There were no
arrivals of gold at the New York assay Office
for the week ended Friday. Arrivals from
Aug. 2. $780, to date were $6S, 025 200, against
s73, Ills, $50 during the same time in 1s79-sO
Payments by the assay office for the week,
s53,06S; since Aug. 2, 1880, S63,04S,223. In
government bonds there was increased bust
ness, and much stronger market for As and
AS, the improvement in which was caused
by advices from Washington, relating to prob
able passage of the funding bill. In railroad
bonds there was active business, and demand
for many investments, and speculative issues
continued with undated vigor. The princi-
pal activity and strength was in Texas Pacific,
Chesapeake & Ohio, Lake Erie & Western,
Chicago, Milwaukee s. st. Paul, New Jersey
Central, Kansas & Texas and national issues.
Railroad and miscellaneous speculation was
active, especially late in the week, when a
buoyant feeling prevailed, and there was con-
siderable excitement. In the early dealings
prices advanced u 90 per cent, but the i'm
pIONcucuU dltCl Wdluo pui VII
Thursday the market became buoyant again,
and continued in that condition to the close,
when the highest quotations of the year were
current in many instances. Dealings were well
distributed throughout both high and low
priced stocks, showing the inactivity and
bucyancy of the market. Among low priced
shares the leading features were Northern Pa
cific, Chesapeake & Ohio, Chicago, st. Louis
& New Orleans, American District Telegraph,
Peoria, Decatur & Evansville, Ontario & West
ern, and Pacific Mail, while the high priced
shares most prominent in the dealings were
Western Union, Pacific, New York Central,
Chicago & Northwestern, Chicago, Milwaukee
& st. Paul Central Pacific and Elevated road
shares were also buoyant and advanced in &C.
tive demand. Coal stocks were very conspic-
uous in dealings late in the week and advanced
sharply, reaching the highest figures attained
for many years. The causes at work to pro-
duce the general buoyancy Of the closing days
of the week were the favorable prospects for a
good spring trade, continued export demand
for our products, general prosperity of manu-
featuring industries of the country, and the
fact that January railroad traffic didn't show
that general falling off predicted recently. In
some quarters real estate syndicates are form
ing in downtown districts.