Daily globe., 1881-07-31
Iy---PrOVisfOns Unsettled.
Eastern and European Markets.

Eastern and European Markets.
NEW YORK, July 3O.-Money easy at 2X@
l3 per cent. Prime mercantile paper 3@4
per cent Sterling exchange, bankers bills
dull at $4.82H. SighG exchange on New
York, $4.S44.
Governments quiet and generally steady.
Bonds-In the railroad bond market Chesa
peake q Ohio currency skies advanced to 81 II
from 591s; Texas s. Pacific land grant incomes
to 81 from So; Oregon Navigation frsts to
ITO from 101 Ohio Central incomes advanced
to Sc from 55H and Chesapeake & Ohio irsts,
series B, to IS from 87115.
State securities dulA
Stocks-The stock market opened irregular
but firm. After slight decline in the early
dealings the entire market took an upward
turn and at noon showed an advance ranging
from IL to 31a per cent, the latter IN Mem
phis & Charleston-MissouriP Pacific, Texas
Pacific, the granger and coal shares, Pacific
Mail and trunk line properties being promi-
nent in the improvement. During the after
noon there we're occasional reactions, but a
higher range of quotations was fairly main
tanned up to the close of business, while in the
late dealings Northern Pacific preferred was
very strong and advanced 1854 per cent,
Chicago, Saginaw & Canada rose per cent,
Hannibal & st. 10 common fell off 2 per cent.
and preferred advanced per cent. during the
week and miscellaneous speculation was in
fuenced largely by official dispatches from
Washington regarding the condition of the
President, the conflicting reports about the
trunk line war and crop prospects. The sharp
rise towards the close was stimulated by the
improved condition of the President, the enor-
nous purchases of stocks to cover short con-
tracts, the shifting of numbers of speculators
from the bear to the bull side, the rumored ne
gotiations for settlement of the railroad diff
culties and large purchases of Lake Shore and
other trunk line shares, which were accredited
to Vanderbilt and his friends. Wheat closed
fairly active and strong at about 1c advance,
corn closed at 411a@4Ac higher and oats closed
strong at A@14c advance. The corn crop
will be very large if there is no frost. The
reports along the Chicago. Milwaukee & St.
Paul and Chicago & Northwestern roads
promise fairly. Next to rate cutting, crop
prospects are influencing the markets. While
wheat production reports are conflicting, the
impression is that it will measurably fall be-
low that of last year.
The transactions aggregated 271 900 shares;
Canada Southern {, 200; Central Pacific $500;
Chicago, Columbus & Indiana Central 5000;
Delaware, Lackawanna & Western $4,000;
Delaware & Hudson 1900; Denver & Rio
Grande SO 900; Erie TO- 600; Hannibal & st. Joe
1900; Missouri, Kansas & Texas $500; Lake
Shore 5000; Louisville & Nashville 5000;
Lake Erie & Western 1000; Michigan Central
$500; Memphis & Charleston /, 800; Missouri
Pacific 5000; Chicago & Northwestern
300; New Jersey Central S,7O0; New
York Central 4,5O0; Northern Pacific
$4,000; Ohio & Mississippi 1900; Ontario &
Western 3,400; Ohio Central 1900; Pacific
Mail $4,000; Peoria, Decatur & Evansville
$4,000; Chicago, Milwaukee & st. Paul
1900; st. Paul & Omaha $500; Texas Pacific
1000; Union Pacific 1880; Wabash, st. Louis
& Pacific $1,000; Western Union Telegraph
10 000