Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-02-08
Eastern and European Markets.

New YORK, Feb. money easy at 4@8
per cent, closing at 4@5 per cent. Prime
mercantile paper 411l@511S per cent. Sterling
exchange, bankers bills, 60 days, firm at a. 81.
Sight exchange on New York, on demand, at
$4.S5I.
governments quiet and unchanged.
Bonds-In the railroad bond market Texas
& Pacific income land grant rs advanced
to 81 * from sS1l; Ohio Central income to 6S
from 20, Indiana, Bloomington 81 Western
income to 1873 from 7sH; Lake Erie & West
ern income to S114 from S0h; Alton Il Terre
Haute seconds income to 1914 from 103.
Indianapolis, Decatur & Springfield seconds
income declined to 6411a@65 from &C.; Texas &
Pacific frsts, Rio Grande division, to 975z
from 9s3ll; Boston, Hartford & Erie frsts to
50 from COZ; Chicago, Milwaukee & st. Paul
frsts, Iowa d Dakota division, to 122 from 1913;
Morris & Essex first guaranteed to 12414 from
12:5, and New Jersey Central adjustment sevens
to 112k from lis. Metropolitan Elevated
frsts strong, with sales at 105@1Os.
State securities dull and nominal.
Stocks-The stock market opened strong and
Kos per cent. higher than Saturdays closing
quotations, the latter in Oregon Navigation,
and subsequently advanced 4@2 per cent,
Texas Pacific leading. This was followed by
Philadelphia & Reading 1s@155s per cent, but
at the first board speculation became strong
day were characterized by firmer tone.
There were, of course, occasional slight re-
actions, but the general tendency was in the
direction of higher figures and at the close
prices showed an advance on the days trans
actions ranging from 4 @3 per cent, Chicago,
Burlington & Quincy, Oregon Navigation,
Chicago, Milwaukee IL ST. Paul, Texas Pacific
and Manhattan Elevated leading in the upward
movement The New York Central railroad
company are very short of cars, and it is said
about 50 900, 900 in freight money is locked up
here in empty cars awaiting break in the
harbor ice blockade.
The Eucning Post says: At the Stock Ex-
change majority of the room traders are
bearish and several influential Spectators arc
on the same side. The result is constant
large and short interest. On the other hand
the speculative public is still bullish and such
speculative capitalists as Vanderbilt, Gould
and Mills are understood to be on the same
side. That prices are very high is as unmistak-
able as that the sun shines, and that specula-
ton is drifting towards securities and shares
the value of which lies largely in the future is
also clear. If Congress, however, authorizes
refunding, of which there is now less doubt
than few weeks ago, speculation is likely to
become wilder than for several months. Dur
ing last week The bullion received in this city
from gold and silver mines of the West
amounted to S179,97S.
The transactions aggregated $4,000 shares,
of which 800 were Chicago, Burlington &,
Quincy; 100 Cleveland Columbus, Cinciu-
natl & Indianapolis; $4,000 Canada Southern;
1900 Central Pacific; $1,000 Delaware Lacka-
wanna & Western; 5000 Delaware IL Hudson;
%, 200 Denver 81 Rio Grande; $1,000 Erie;
400 Hannibal 81 st. Joe; 1000 St.
Louis & Iron Mountain; 1000 Missouri, Kan
sas & Texas; $4,000 Lake Shore; $4,000 Lake
Erie d Western; II, 600 Louisville & Nashville;
1900 Michigan Central; 5000 Manhattan
Elevated; $500 Metropolitan Elevated; 10000
Chicago & Northwestern; 200 Nashville,
Central; 12,009 New York Central; q, 600
Northern Pacific; 1,o00 Ohio & Mississippi;
$4,000 Ontario & Western; $4,000 Ohio Cen
trail; 1900 Pacific Mail; 5000 Philadelphia
& Reading; $4,000 Chicago, Milwaukee & St..
Paul; 1000 st. Paul & Omaha; $1,000 Texas
Pacific; 1900 Union Pacific; $500 Wabash,
st. Louis d Pacific; $4,000 Western Union
Telegraph; 1900 Chesapeake Il Ohio; 1900
Illinois Central; 10000 Little Pittsburgh; 5000
Peoria, Decatur & Evansville, and 300 Standard
Mining.