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

NEW 1OKK, Marcn 2.-MOney al D per
cent. per annum and 1-32 per cent. per diem,
closing at per cent. per annum; very little
legitimate business below per cent.
Prime mercantile paper 1906 per cent.
Sterling exchange, bankers bills steady at
s4.79A. Sight exchange on New York at
S4.S2.
Governments strong and higher for all ex-
cept As, which are unchanged.
Bonds-In the railroad bond market New |
York, Pennsylvania & Ohio income advanced
to 6534 from 6311a; Lake Erie & Western firsts
to 1913 from LOG; st. Louis g. Iron Mountain
first preferred incomes to 931S from 80; Texas
& Pacific firsts, Rio Grande division, to 50
from 81; Mobile & Ohio first debentures to 50
from 81, and New Jersey Central adjustment
sevens to ITO from 100. st. Louis & Iron
Mountain second incomes declined to S. from
81; Chicago, Milwaukee & st. Paul irsts,
Iowa & Dakota division, to 1924 from 1247s;
do Hastings & Dakota division to 11611 from
lis, and International & Great Northern second
incomes to 81 from 80.
State securities moderately active.
Stocks-The stock market opened irregular,
but soon became weak and nominal and the
list declined X as per cent, while Hannibal &
st. Joe preferred fell off ~ per cent. At the
first board Nashville, Chattanooga & st. Louis,
which had early declined per cent, advanced
per cent, reacted 3k per cent. recovered 219
per cent, and closed at a recovery of per
cent. During the afternoon speculation was
somewhat irregular, the fluctuations being
comparatively slight, but in the late dealings
firmer tone prevailed and the market closed at
q recovery of 4@1}s per cent, in which Can
ada Southern, Hannibal & st. Joe, st. Louis &
Iron Mountain, Delaware & Hudson, Philadel-
phia & Reading and Chicago, Milwaukee & St.
Paul were conspicuous. Hannibal q st. joe
common sold down to 81, seller 81, and pre-
ferred to 95H seller 60, because doubt was eX-
pressed of the ability of thecompany to pay
ldividend on preferred stock for the first six
months of 1881, and in view of the largely de-
creased earnings and cost of yesterdays acct
dents.
The Eucnimg Post says: Money is fairly
active. The highest rate stock brokers are
paying is per cent, plus Lilo Of 1 per cent.
per day, and the lowest 6 per cent. Money
lent for 60 days on United States bonds at 6
per cent, and on choice railroad stocks for six
months at per cent Very little mercantile
paper moving. The amount of lawful money
which the United States treasury has taken
week ago Saturday is now over $17,0O0,00O.
The amount paid out for bonds bought on in
yitation to sell $35, 100000 to the treasury is
less than ST. 10000 SO that bank reserves here
and throughout the country have been de-
pleted to the amount of something over
81 ,O00, 900 since the raid on the banks began.
The future of the money market, at least I'M
til the middle of April, may be said largely to
depend upon whether this amount of money
is restored in the early future to the reserves
of the banks. The sub-treasury has not sue
ceeded thus far to-day in buying any or 8 per
cent. bonds. The amount of lawful money
W hich the sub-treasury has taken in to-day for
the withdrawal of bank note circulation is
900. Many rumOrs are current here
to the effect that several millions of lawful
money are held here to be turned into the
treasury for account out of town banks, if
word comes that the refunding bill has been
passed by Congress- We have been unable to
ascertain what foundation for these ru-
mors there is The stringency didn't last
long enough to spread to other cities, and
there, as here, legitimate dealings were largely
increased IN tho exchanges at every city ex-
cept One The largeness of the increase at
Boston, Philadelphia, Chicago and some other
cities, and the fact that the exchanges result
from dealings at considerably lower range of
prices than was seen at this time last year, in
dictate that the expansion of the quantities of
products exchanged has been great. The fol-
lowing shows the amount of exchanges at
San Francisco for the week ending February
10, and other cities for the week ending Feb
ruary &c. New York, 81 ,143, 97S, SIG; Boston,
S71 $50, 430; Philadelphia, S51, 1886, 400; Chi
cago, SIS, OO7,SO7; New Orleans, Sl4, 25S, 59S;
Cincinnati, S13, 155 800; Baltimore, S12, 500, 1885,
st. Louis, Sl2,l00, 557; San Francisco, S9,651-
OBJ; Louisville, S5,71S,310; Pittsburgh, st, O09,-
O24; Milwaukee. $780, 1855; Providence, 1884,
600; Kansas City, $2,162, 600; Indianapolis,
81, $50, 1874; Cleveland, 81 ,141, sos; New Haven,
SSa3, 73S; Lowell, 1898, 172; Syracuse, S300,71f
Nashville, Chattanooga & st. Louis is up to
95 after selling at IS.
The transactions aggregated 3S1 600 shares;
1900 Chicago, Columbus d Indiana Central;
1000 Central Pacific; 5000 Canada Southern;
10000 Delaware, Lackawanna & Western; 600
Delaware & Hudson; 5000 Denver & Rio
Grande; $4,000 Erie; $1,000 Hannibal & St.
Joe: 10000 st. Louis & Iron Mountain; 1900
Missouri, Kansas & Texas; $4,000 Lake Shore;
1000 Louisville & Nashville; $4,000 Michigan
Central; 1900 Manhattan Elevated; 1900 Chi
cago & Northwestern; $4,000 Nashville, Chat
tanooga & st. Louis; $4,000 New Jersey Cen
trail: 10000 New York Central; 5000 Northern
Pacific; 5000 Ohio & Mississippi; 1900 On
tario g. Western; 5000 Ohio Central; $4,000
Pacific Mail; LOCO Peoria, Decatur & Evans |
vile; 5000 Philadelphia q Reading; 10000
Chicago, Milwaukee q st. Paul. 1000 st. |
Paul & Omaha; $4,000 Texas & Pacific; $1,000 |
Wabash, st. Louis & Pacific; 10000 Western |
Union Telegraph 5000 Little Pittsburgh.
MORNING QUOTATIONS.