Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-12
Eastern and European Markets.

NEW York, Jan. 11.-Money easy at 5@6
per cent, closing at 5 per cent. Prime mer-
camille paper 5@51a per cent. Sterling ex-
change, bankers bills strong at $4.9Ss4. Sight
exchange on New York S4.99as.
Produce exports for the week, $6,772 900.
Governments steady for Is and IS and 1S@
u per cent. higher for 4lSs and As.
Bonds-In the railroad bond market
the special feature was Chicago, Columbus q
Indiana Central incomes, which advanced to
71L from IS, Other prominent issues were
Chesapeake & Ohio, first series, which advanced
to S4sl from s31s, then fell to s316 and later re.
covered to 81; Peoria, Decatur q Evansville
incomes, which advanced to Is from 70 IS;
Alton & Terre Haute second incomes, to 1.031a5
from 1925; Indiana, Bloomington & Western
firsts- to $40 from IS, and Ohio Central tirsts,
to LOO from 1.041s. New Jersey Central in
come declined to log from 1.0319; Indiana,
Bloomington & Western income to II from
7Os1, then recovered to 711a, and Lehigh &
Wilkesbarre to S711S from SO.
State securities dull.
Stocks-The stock speculation to-day was
on scale of magnitude unequaled and at
times the market was considerably excited.
The features of dealing were telegraph shares,
Western Union Telegraph selling up from 9S
to 1903, returning to IS, recovering to 1O2 and
closing at 1.O155ss while American Union Teleg-
raph rose from 70 to SO, reacted to S4119, closed
at Ssh. The early rise in telegraph stocks
was due to a report that the consolidation had
actually been agreed upon and that Western
Union was to 60 in at Los and American Union
at 90. The subsequent reaction was caused by
the rumor that negotiations had not been con-
cluded and that there was hitch. In
the general list prices advanced 4 to ~ per
cent, Wabash, St. Louis e. Pacific preferred
leading the upward movement. This was fol-
lowed by reaction of a to 2 per cent, in
which Philadelphia & Reading was the most
prominent, but during the afternoon
prices again took an upward turn and ad-
vanced ID to per cent, which was the most
marked in Philadelphia & Reading, Louisville,
New Albany g. Chicago, Wabash, st. Louis Il
Pacific preferred and Houston & Texas.
Chicago, Burlington & Quincy declined 2 per
cent; Chicago & Alton, per cent. marietta d
Cincinnati per cent. and Canada Southern "a
per cent on the days transactions. Panama
sold at 2.2O and closed at 216 bid At meet
ing of the board of directors Of the Wabash,
St Louis s. Pacific railway, to-day, dividend
of ~ per cent. quarterly was declared
on preferred stock, and Vice President
Hopkins was given as authority for the
statement that the increase in business of the
road will Justify the payment hereafter of 9
per cent per annum, which will be made pay
able quarterly. The sharp rise in Chicago,
Columbus g. Indiana Central bonds was due
to the revival once more of the report of a
compromise with the Pennsylvania company.
The Graphic says: There are large orders
coming over constantly by cable from Paris,
London and Frankfort for the purchase of
ST. Louis e. San Francisco stocks.
The earnings of the Central Iowa road in
creased $4,000 for December; st. Louis & San
Francisco gained $4,000 the first week in jap
uary; Northern Pacific, 800, 900; Chicago, 81.
Paul, Minneapolis & Omaha, S2S,000; Chicago
& Northwestern, $4,000, aud Chicago, Mil
waukee s. st. Paul, $4,000.
The transactions aggregated $4,000 shares,
of which 1900 were Atlantic 81 Pacific Tele-
graph; 5000 Cleveland, Columbus, Cincinnati
Il Indianapolis; 1000 Chicago, Columbus
& Indiana Central; 5000 Canada South
ern; Il, 600 Central Pacific; 1900 Delaware,
Lackwanna e. Western; $500 Delaware d
Hudson; 1000 Denver s. Rio Grande; 100000
Erie; 81 COO Hannibal & st. Joe: $500 st.
Louis d Iron Mountain; $500 Missouri,
Kansas & Texas; $4,000 Lake Shore and 1900
Louisville & Nashville.