Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-05-28

NEW YORK, May 27.-MOney easy at 215@4
cent Prime mercantile paper 3N@4H per
per cent Sterling exchange, bankers bills
weak at SASSY. Sighs exchange on New
York $4.s5x.
Dry goods imports for the week, 81 $3.50, 900.
Governments firm.
Bonds-In the railroad bond market the
special feature was Boston, Hartford & Erie
firsts, which declined from 81 to SO, advanced
to IS and again declined to so. New York Cen
trail coupon firsts advanced to 1875 from 1861
New York Elevated firsts to 11S from117; La
fayette, Bloomington & Muncie incomes to 80
from So; Chicago g. Northwestern coupon
gold bonds to 1909 from 1879; st. Louis &
Iron Mountain firsts to 941a from 93; Wabash,
St. Louis & Pacific, st. Louis division, frsts
to 110h from 100.
State securities inactive.
Stocks-The stock market opened generally
weak and in the early dealings decline Of n
to 80 per cent. took place, Canada Southern,
Elevated railroad shares, Central Pacific, Chi
cago, Milwaukee & st. Paul, Memphis &
Charleston, Pacific Mail and Wabash, St..
Louis & Pacific preferred leading in the down.
ward movement Subsequently there was a
recovery of Is to ~ per cent. in the general
list and 1sss to 2S per cent. in Elevated stocks.
The higher range of values, however, was not
maintained and during the afternoon specula-
ton again became weak in very pronounced
selling movement, the lowest figures of the
day being touched in the final sales, when the
decline, as compared with yesterdays closing
prices, ranged from 31s to 3H per cent, Can
ada Southern, Pacific Mail, New Jersey Central,
Cleveland, Columbus, Cincinnati & Indiauapo-
lis, Union Pacific, Memphis & Charleston,
Lake Shore, the grangers, Peoria, Decatur &
Evansville, Texas Pacific, Ohio & Mississippi
and Wabash, st. Louis & Pacific leading
therein.
The Bulletin says: For several days infuen-
tial spectators, notably those in control Of
South western stocks, have been endeavoring
to bring about reaction. Until to-day they
made little progress, but the near approach of
two consecutive holidays and the desire of
many small Spectators to reduce their hold
ings or to sell out, and sales on these &C
counts, made the market comparatively easy
prey for the large men who want reaction
and fresh short interest and they took advan-
tage of the occasion to bring about the decline
IL.
than wholesome reaction seems improbable
alike from the present and prospective ease of
the money market, the generally prosperous
condition of the country and railroads, the
heavy foreign demand for all classes of our
securities and the general disposition all
over this country to speculate in stocks and
for the most part on the bull side. 1t is be-
You'd question that prices are very high and
that the ultimate result of the present boom
ing speculation will be great collapse, but
so long as money facilities for speculation
are SO large and the disposition to gamble is
so widespread, the ultimate result does not
seem imminent.
The transactions were as follows:
Canada Southern Is, 200; Chesapeake & Ohio
300; Central Pacific 1880; Cleveland, Col
umbus, Cincinnati & Indianapolis 1880; Chi
cago, Columbus & Indiana Central $500;
Delaware, Lackawanna & Western Ii, 800; Del
aware & Hudson 1000; Denver & Rio Grande
$500; Erie $4,000; Hannibal & st. Joe 5000;
Houston & Texas Central 1000; Missouri
Kansas & Texas $4,000; Lake Shore $4,000;
Louisville & Nashville 5000; Lake Erie &
Western $500; Michigan Central $4,000; Mo-
bile & Ohio 1900; Memphis & Charleston
1900; Chicago & Northwestern IL 900; Nash
vile, Chattanooga s. St. Louis 1900; New
Jersey Central II 900; New York Central
800; Northern Pacific 1900; Ohio & Mis-
sissippi $500; Ontario g. Western 10000;
Ohio Central 1890; Pacific Mail $1,000;
Philadelphia & Reading 3,700 Chi
cago, Milwaukee & St. Paul 26, 600; St. Paul &
Omaha 1900; Texas Pacific 10000; Union Pa
cific 5,4OO; Western Union Telegraph "a 600;
Wabash, st. Louis & Pacific $4,000; Chicago,
Rock Island & Pacific 3,400; Peoria, Decatur
& Evansville $3.50.