Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-04-30
Eastern and European Markets.

New YORK, April 29.-Money 396 per
cent, closing at 4 per cent. Prime mer'
camille paper 1905 per cent. Sterling
exchange, bankers bills quiet at S4.Sl%.
Sight exchange on New York at S4.S5H.
Dry goods imports for the week, 81, 1856 600.
Governments firm and ]]s9A per cent. high
er for all issues except 6s, which were un-
changed.
Bonds-Railroad bonds in fair demand.
State securities moderately active.
Stocks-The stock market opened irregular,
the only important changes being decline OF
III per cent. in Metropolitan Elevated and an
advance of ~ per cent. in Chesapeake & Ohio
first preferred and N per cent. in Philadelphia
& Reading. In the early dealings strong
tone prevailed and an advance of a to 2 per
cent. was recorded, in which Marietta y Gin.
cinnati second preferred and Texas Pacific were
most conspicuous. At the first board the
market became weak and prices declined Il to
III per cent, Philadelphia & Reading, Mobile
& Ohio and New Jersey Central leading. This
was followed by an advance of n to / a per
cent. and the dealings continued 1rm until late
in the afternoon, when the entire list became
weak and reaction of 4 TO ~ per cent. took
place, in which coal shares were most pr0mi.
nent. In the final sales the market again be-
came strong and closed at an advance of d to
~ per cent, the latter in Philadelphia IL
Reading. Houston & Texas Central fell Off
Ok per cent. on the days transactions. The
Stock Exchange has been dropping back into
dizziness again this week and the volume Of
business seems to have fallen off. Its essential
| foofu how NJ han bnf tho offNrfa fn
mark up prices to induce outside buying has
not been attended with any marked degree of
success. But it has been easier to sustain
prices because the money is easily and cheaply
borrowed and there is unquestiOnably steady
footing to the demand, mainly due to the ex-
ceeding ease of the London loan market. The
chief event Of the week has been the continued
drop in prices of three classes of stocks-of
the Elevated roads, the drop in which has also
been accompanied by an alarming fall in the
price of bonds. The loan market has been
easy all the week. The treasury makes large
disbursements in May, which must keep the
loan market easy, but gold cannot any longer
be imported except at a loss and no aid can
be expected for time from that source.
The transactions aggregated 27S,00O shares;
Canada Southern 1900; Chesapeake u Ohio
1900; Delaware, Lackawanna Il Western
AZ, 600; Delaware & Hudson 5000; Erie 5000;
St. Louis & Iron Mountain 1900; Missouri,
Kansas q Texas 5000; Lake Shore $4,000;
Louisville & Nashville $500; Michigan Cen
trail $500; Manhattan Elevated 1890; Metro
politan Elevated 5000; Mobile & Ohio $500;
Marietta Il Cincinnati first preferred 1,500;
Chicago & Northwestern $500; New Jersey
Central 10000; New York Central 8, ZOO; New
York Elevated 1900; Ohio & Mississippi
1000 Ontario & Western $500; Pacific Mail
400; Philadelphia q Reading 2l,0C0; Chi
caro- Milwaukee & St. Paul $500; SutrO Trn-
mel 5,OOO Texas Pacific 5000; Union Pacific
$500; Wabash, st. Louis & Pacific 5000;
Western Union Telegraph $500; St. Paul &
I'M ha g 0Ol