Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-06-01
Eastern and European Markets.

York $4.65.
Produce exports for the week $4,000.
Governments quiet and generally firm.
Railroad bonds fairly active.
State securities in light demand.
Stocks-The stock market opened weak and
in the main lower, and in early dealings prices
declined \ to 81 per cent. Pacific Mail,
Canada Southern, Chicago, Milwaukee & St.
Paul, Chicago & Northwestern, Metropolitan
Elevated, st. Louis & Iron Mountain and Lake
Shore led the downward movement. After
first board speculation became firmer, and
there was a recovery of n to per cent, but
was subsequently lost, and market continued
feverish and unsettled during the afternoon.
In the final dealings frmer tone prevailed,
and the market closed at a recovery of u to 1
per cent. from the lowest point. The volume
of business was less than on any day for
weeks past.
The Euemimg Post money article, comment
ing on the monetary situation, says the treas
ury will tomorrow begin payment of quarterly
interest on $3.50, 0OO, 900 of AZ per cent bonds,
the amount being s2,S12,500. June 4th the
regular quarterly payments of pensions begin.
These are about $50, O00, 900 per year. OF the
SO, 900, 900 quarterly payments probably about
81 500, 600 will be disbursed at the sub-treasury
here. There are, in addition, important pay
ments expected on account of arrears of pen
sions, but figures cannot be given. The inter-
est to August 18th on $3.50, 0O0, 900 registered
per cents, which have been extended at 81
per cent, and which interest amounts to $685.
100000, also the interest on whatever of the
coupon per cents which have been forwarded
for extension, will begin to come out very
soon. The major part of these sums should
come out of the treasury in the first half of
June. The only extraordinary payment to be
made to the treasury is $780, 900 for principal,
and $40 900 for interest on registered bonds
of the Nashville & Chattanooga railroad COM
pany, which, ten years ago, were given to the
government in settlement of accounts of the
government with that company during the
late war. This money will tomorrow be
paid into the treasury for the Nashville &
Chattanooga company by the Louisville &
Nashville. From this statement it will be seen
that during June the disbursements of the
treasury will be important, and in July the
ordinary disbursements are large, and those
will be supplemented by Sl6,0O0,OOO to be
used in redemption of 6 per cent. not extended
at 3K per cent. There may be $15,OO0,OOO of
coupon Is which will not be extended, for
which cash will also be paid by the treasury,
and in addition to those amounts Sos, 600, 900
to 0,0O0, 900 of cash to be expected from the
treasury before Congress meets, on account
of registered 5 per cents which the treasury
decided dot to extend at any rate of interest,
but to pay outright. It will therefore be seen
there are extraordinary reasons in the shape
of gold imports early in the year, and the treas
ury operations since, the main effect of which
latter is yet to be felt, for an easy money mar
ket next mon tn, even If the volume of busioess
and speculation should exceed the large total
of late years.
The transactions aggregated $780, 900 shares:
Canada Southern $500; Central Pacific $500;
Chicago, Columbus & Indiana Central 40;
Delaware, Lackawanna & Western $4,000; Del
aware & Hudson $500; Denver & Rio Grande
2,400; Erie 10 900; Hannibal & st. Joe 2, 900;
Houston & Texas Central 1,l0O; Missouri,
Kansas & Texas 1900; Lake Shore 1900;
Louisville & Nashville 3,10O; Lake Erie &
Western 1890; Michigan Central $500; Mo-
bile & Ohio 200; Chicago & Northwestern
9,40O; Nashville, Chattanooga & St. Louis
5000; New Jersey Central 5000; New York
Central 800; Northern Pacific 400; Ohio &
Mississippi 1890; Ontario & Western 1,7OO;
Ohio Central 1900; Pacific Mail 5000;
Philadelphia & Reading 1900; Chi
cago, Milwaukee & St. Paul II 900; st. Paul &
Omaha 2,700; Texas Pacific 10000; Wabash,
st. Louis & Pacific 1890; Western Union
Telegraph 1880; Memphis & Charleston