Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-03-01
Eastern and European Markets.

| Governments generally hrm ana snade
higher for some issues.
Bonds-Railroad bonds irregular and gen.
orally lower, with large transactions in Erie
second new consos dated, which declined 3A
| to 3T per cent: the next largest in Texas Pa
cific land grant, which declined ~ per cent;
the largest decline was ~ per cent. in Chi
cago, Milwaukee & st. Paul consols, which
sold down to 120. The other changes were as
follows: A decline of 8 per cent. in Central
Iowa debenture certificates, New Jersey Central
adjustment sevens and Lake Erie 81 Western
firsts; per cent. in Indianapolis, Decatur &
Springfield second incomes; IL per cent. in
Ohio Central frsts and Chicago, Milwaukee 81
st. Paul first coupon, Iowa q Minnesota di-
vision; rs per cent. in Missouri, Kansas IL
Texas second consols; II per cent. in Bur
lington, Cedar Rapids & Northern firsts; per
cent. in Rome, Watertown d Ogdensburg
firsts; y per cent in Union Pacific sinking
fund Fights and st. Paul & Omaha consols; 55
per cent. in Missouri, Kansas & Texas consols
assented and Ohio Central incomes, and X per
cent. in Central Pacific firsts and Oregon Navi-
cation frsts. There was an advance of X
per cent. in Kansas Pacific first consOls and
Chicago, Columbus & Indiana Central incomes;
1 per cent in Alton & Terre Haute second in
comes; X per cent. Denver & Rio Grande first
consols and 4 per cent. in Denver, South Park
d Pacific firsts, Texas s. Pacific firsts, Rio
Grande division, and Union Pacific firsts.
Canada Southern firsts steady at 1904, and
Mobile g. Ohio debentures at 81.
State securities in light request.
Stocks-The stock market was irregular in
the early dealings, but at the first board the
entire list became weak and decline was re-
ported ranging from Il to II per cent, the
latter in Western Union Telegraph, which fell
on announcement of the granting of an in
junction against distribution of the scrip of
the increased capital stock. Canada Southern
recorded SIX per cent, Chicago & North
western, Delaware, Lackawanna d Western,
and Hannibal & st. Joe common and preferred
per cent; Denver d Rio Grande 3H per cent;
New Jersey Central 81 per cent; Union Pa
ciic AK per cent, and Nashville, Chattanooga
Il st. Louis 81 per cent About the second
board speculation became firm and subsequent
ly fell off, but in the late dealings the market
became strong and closed at an advance from
the lowest point of to III per cent, New
Jersey Central, Canada Southern, Union Pacific,
Western Union Telegraph, Wabash, st. Louis
& Pacific preferred, st. Paul & Omaha pre-
ferred, Louisville & Nashville and Lake Shore
leading in the upward movement. The treas
ury to-day paid out for and per cent. bonds,
called and uncalled, only S23S, 900. The reason
the amount is so small is that holders of the
bonds can get more for them in the market
than par and accrued interest," which is the
treasury price. The high rates for money have
tendency to bring loanable funds here from
the interior and, in time, from Europe. Law
full money deposited in the treasury to-day to
withdraw bank note circulation, S61S, $50
Accounts between the treasury and the banks
stand now as follows: Drawn from banks, in
treasury, about Sl4, 100000 returned to banks,
bond purchases, about S5,750,000. Operations
of the Clearing House association banks TO-
day: Exchanges, $2SS, 555, 1882; balances,
81, 265, Al. These enormous exchanges are
largely the result of the great activity in the
Stock Exchange.
The Post says: In the money market stock
brokers are paying 1-16 to1 \ per cent. per day
plus per cent. These rates are of course, lower
than on Friday and Saturday, but the money
market must yet be called stringent as above
noted. The conditions of money depends up
on the extent of relief from the treasury paid
on the receipt of money from out of town.
The treasury up to Don to-day succeeded in
buying $4,000 5 and per cent. bonds. The
Saturday 81, 64S, 800, making the exact figures
of relief thus far given up to noon to-day
| S., 800. 1t will thus be seen that of $685.
600, which the treasury offered to buy, $780,
GAL 900 are are yet Withheld.
| The sub-treasury was debtor at the clear
ing house this morning S2,997 600. About
half this sum was due on checks issued
York banks for collection. While COM
paratively little money is coming out
of the treasury, deposits to with
draw bank notes are small to-day, being
| SCI, $50 cash and $500 collected on checks
deposited Saturday; total, Sl25,050. The
Stock Exchange market continues very fever
| ish, but there is an absence of the wild excite
ment which prevailed Friday and Saturday.
All eyes are turned towards Congress to watch
its action respecting the funding bill. The
bonds and shares which advanced so much
Saturday afternoon are generally lower to-day.
Western Union Telegraph was especially de-
pressed on report that the injunction had
been continued which prevented the distribu-
ton of Sl5,000,O00 in scrip. The exchange
market was quiet, demoralized and nominal,
quotations being marked down 11a@1% for
90 days and S4.S1 on demand. The rates for
actual business were much lower, but very few
transactions were effected and the business
rate cannot be given with any degree of cor
rectness.
The transactions aggregated SOC, 900 shares;
IL, 900 Canada Southern; 1000 Central Pacific;
Rio Grande; $4,000 Erie; 1000 Hannibal &
St. Joe: $4,000 St. Louis & Iron Mountains
5000 Missouri, Kansas & Texas; 5000 Lake
Erie s. Western; 1000 Louisville & Nashville
10000 Michigan Central; 5000 Manhattan
Elevated; 1900 Chicago & Northwestern
{ $4,000 Nashville, Chattanooga & St. Louis
$4,000 New Jersey Central; 1900 New Yorf
Central; 5000 Northern Pacific; 1000 Ohio 6
Mississippi; 1000 Ontario & WESTERN 3,00t
Ohio Central; %, 1000 Pacific Mail; 1900 Peoria
, Decatur Il Evansville; 5000 Philadelphia {
! Reading; $4,000 Chicago, Milwaukee & st
, Paul; 5000 st. Paul & Omaha; 1900 Texas &
! Pacific; $4,000 Union Pacific; q, 600 Wabash
st. Louis & Pacific; 10000 Western Uniol
Telegraph; $4,000 Lake Shore; 5000 Littl
Pittsburgh.
MORNING QUOTATIONS.
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