Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-06-25
Eastern and European Markets.

per cent Prime mercantile paper 3@415 per
cent. Sterling exchange, bankers bills steady
at s4.S41S. sighG exchange on New York
s4s6x.
Dry goods imports for the week, 81, 196, 900.
Governments quiet and firm.
Unconstitutional bonds irregular on mode
rate volume of business.
State securities strong and active
Stocks-The stock market opened irregular
yet in the main higher, but in the early deal
ings prices declined e to per cent. At the
first board there was an advance of to 2x
per cent, Northern Pacific preferred, Chicago,
Milwaukee & st. Paul and Western Union Tele-
graph leading. After midday speculation be-
came feverish and during the afternoon when
the reports of the Lake Shore, Michigan Cen
trail and Canada Southern railroads were made
public, sharp pressure to sell was manifest
ed, which resulted in a general decline ranging
from "a to 81 per cent, trunk line shares
leading in the downward movement. In the
final sales there was a recovery of Is to 31
per cent. Oregon Navigation rose per cent.
to ITS, but closed at reaction of AZ per cent.
Elevated railway shares advanced IL to per
cent. on the days transactions. It was ru-
mored this afternoon that money had been OBJ
tanned by the Manhattan Elevated railroad
company to meet its July obligations on lease
of Elevated railroads. A meeting was held to-
day of subscribers to what is known as the
"blind pool" formed by Willard for purchase
of securities of the Northern Pacific railroad
company Willard made a report of his ex-
penditure of 100000 paid in last spring.
He stated that he had invested this sum of
money and about as much more, in all about
81, 900, 000 IN the purchase of common and
preferred stock of the Northern Pacific rail
road company, the larger part being for pre-
ferred, and that he has accomplished the OBJ
uniting the Northern Pacific and Oregon Rail-
road and Navigation companies interests so
as to prevent a conflict in the valley of the
Columbia river and to secure to the Northern
Pacific the great advantages of the traffic con-
trolled by the Oregon company's lines, which
now includes railroads In Willamette valley
and their extension to California. It was pro.
Oregon Trarscontinental to acquire majority
of stock of the Northern Pacific and of the
Oregon company, the proposed capital to be
$50, 100000, of which the proportion repre-
scented by the purchase already made as above
mentioned shall be Immediately issued and the
remainder from time to time as required fol
additional purchases.
The Epening Post says: The Stock Ex-
change added to the list $515, 900 sinking fund
Az per cent. bonds of the Atchison, Topeka &
Santa Fe railroad company. The bonds are
secured by deposits with said trust company
of equal amount per cent. with the first mort
gage bonds of the Rio Grande & Ell Paso rail
road of the same time and term. Tennessee
bonds in demand at an advance of 4@5 per
cent.
The transactions aggregated $4,000 shares:
Chicago, Columbus & Indiana Central 1900;
Delaware, Lackawanna & Western II 500; Den
yer & Rio Grande 5000; Erie $4,000; Hanni-
bal & St. joe 1000; Missouri, Kansas & Tex
as 5000; Lake Shore $4,000; Lake Erie &
Western 1,700; Michigan Central $4,000;
Manhattan Elevated 1,5O0; Memphis &
Charleston 5000; Missouri Pacific 2,400;
Chicago & Northwestern 5000; New Jersey
Central $500; New York Central 5000;
Northern Pacific $4,000; Ontario g. Western
1,7OO; Ohio Central 5000; Peoria, Decatur &
Evansville 1890; Philadelphia & Reading
1,7OO; Chicago, Milwaukee & St. Paul
1900; St. Paul & Omaha 400; Texas Pacific
1900; Union Pacific II 900; Wabash, st. Louis
& Pacific $500; Western Union Telegraph
5000; Mobile & Ohio 5,400; Metropolitan
Elevated 3,700; Quicksilver Mining $500.