Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-10-06
Eastern and European Markets.


NEW York, Oct. 5.-Money 5@6 per cent.
per snnum and Il per cent per diem, closing
at per cent. Prime mercantile paper,
51sU61S per cent. Sterling exchange, bank
ers' bills weak at $4.79. Sight exchange on
New York, a S211.
Governments weak and lower, extended Is
falling of q per cent; IS e percent; AS
n per cent, and As q per cent.
Bonds-Railroad bonds weak and lower.
State securities moderately active.
Stocks-The stock market was weak at the
opening and prices were generally lower,
Nashville, Chattanooga & st. Louis being 3
per cent. Chicago, Burlington & Quincy N
per cent and Cleveland, Columbus Cincinnati
& Indianapolis per cent. off from yesterdays
closing figures. Speculation Immediately took
a downward course and during the remainder
of the day, except at rare intervals when
slight recoveries took place, the tendency was
In the direction Of lower prices; the pressure
to sell was very pronounced and was mainly
due to the stringency in money. The lowest
figures were touched just before the close,
when the decline, as compared with last
nights quotations, ranged from 1s@7I per
cent, the latter in Houston & Texas Central,
other shares prominent in the depression being
Cleveland, Columbus, Cincinnati & Indian
apolis, Philadelphia & Reading, St. Louis &
San Francisco preferred, Western Union Tele-
graph, Chicago, Burlington & Quincy, Canada
Southern, Louisville & Nashville, Delaware,
Lackawanna & Western, Denver & Rio Grande,
Kansas & Texas. New Jersey Central, Lake
Shore, Chicago 4 Northwestern, Ohio &
Mississippi, and Michigan Central. In the
final sales Houston & Texas Central rallied ~
per cent and some few other stocks recovered
fraction, but the market closed generally
heavy.
The Commercial Bulletin says: Exchange
| was weak for sixty day bills and some bankers
reduced rates therefor, expecting the Bank OF
E. gland would tomorrow move its posted
discount rates up to per cent. on account OF
| the withdrawal of gold for Egypt and the
| threatened movement to this coustry. The
| money stringency depressed United States
bonds here H@H per cent. Railroad stocks
were depressed not only by the high rates OF
| money, bat by the railroad war, and further
| by the belief that when this is settled the
| grain tonnage Of the roads will be much less
| than was year ago expected. The upward
reaction in the stock market did rot come off
| The transactions aggregated $4,000 shares
Canad, Southern, 8,00e; Central Pacific, 5000
| Cleveland, Columbus & Indiana Central, 1900
Delaware, Lackawanna & Western, 1900; Del
aware d Hudson, 5000; Denver & Rio Grande
"a 900; Erie, $4,000; Hannibal & st. Joe pre-
ferred, 1890; Kansas & Texas, IL, 900; Lake
| Shore, 45, GOO; Louisville Il Nashville, 1900
Lake Erie & Western, 2, 900; Michigan Central
1900: Missouri Pacific, 10000; Chicago
| North western, 1900; New Jersey Central
| $4,000; New York Central, $4,000; Northern
Pacific, 1900; Ohio & Mississippi, 900; On
tario & Western, S,5OU; Pacific Mail, $500
Peoria, Decatur & Evansville, liz; Philadelphia
& Reading, 13,00j; Chicago, Milwaukee & St
Paul, 13,0O0 St. Paul & Omaha, ~ 600; Texa
Pacific, $4,000; Union Pacific, 900; Wabash
st. Louis 4 Pacific, 14,s0e; Western Uniol
Telegraph, 5000; Chicago, Burlington 1
Quincy, 5000; East Tennessee, Virginia
Georgia, 1900; Illinois Central, 5000.