Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-05-11
Eastern and European Markets.

NEW YORK, May 10.-Money 1904 per
cent. Prime mercantile paper 4@4h per
cent. Sterling exchange, bankers bills steady
at s4.s5. Sigh5 exchange on New York
$4.S6M.
Produce exports for the week, 1874 900.
Governments strong and active, with gen
eral advance of X to a per cent.
Bonds-Railroad bonds generally strong and
active. ~
State securities dull and nominal.
Stocks-The stock market opened strong
and higher and at the first board an advance
ranging from n to ~ per cent. took place,
the latter in Alton & Terre Haute common,
preferred selling up 3 points. Speculation
was Irregular and unsettled and in the late
dealings pressure to sell was developed
which resulted in decline of "a to per cent.
in the general list, Memphis & Charleston, Wa
bash, St. Louis & Pacific, coal and granger
shares and Western Union Telegraph leading
in the downward movement. Louisville, New
Albany & Chicago was an exception and rose
Q per cent Elevated railroad shares were not
ably weak, Metropolitan Elevated declining 8
per cent, Manhattan Elevated 2% per cent.
and New York Elevated 2 per cent. from the
highest point of the day.
The Post says: AS we write dispatch from
Was Iington comes to the effect that the
treasury estimates that $40, 100000 of Is have
not yet applied for extension at 81 per cent,
and this with one day more to hear from and
including bonds in Europe estimated at $751;
600, 900, on viii, h option to extend runs till
the Goth inst. Those in position to judge
with approximate correctness now express the
opinion that the treasury will not be obliged
to pay cash for more than twelve, or at the
outside fifteen millions, provided there is no
extension, in this country, of time.
Orders from London for 10000 shares of
Chicago s. Northwestern railway stock have
been filed here within the last ten days, and
another order for 5000 shares came this morn
ing. A good part of tue floating supply OF
this stock in this market hos now been alb
sorbed. No part of the country has been
showing greater improvement in the last year
seem to be giving less attention to what is
called politics and more to material develop
ment, SO that it is not strange that Southern
interests are now looking up In all markets.
The Graphic says: Conservative operators
have no confidence in the present high prices
of stocks. United States bonds were very
strong to-day, Is advancing to 116A and AS
TO ll5A, Jne nlSneSI prices ever paul. IHeTt
is nothing yet to warrant the opinion that the
decline in the stock market this afternoon is
anything more than one of the periodical re-
tons which attend great bull movement.
A report was circulated in the last hour that
the railroad engineers throughout the country
had struck for higher wages and this helped
stocks down.
The transactions aggregated 100000 shares;
Alton & Terre Haute 400; Canada Southern
1900; Chesapeake & Ohio 1890
Cleveland, Columbus, Cincinnati & In
dianapolis 400; Chicago, Columbus & In.
diana Central $500; Delaware, Lackawanna &
Western 9,7OO; Delaware & Hudson 5000
Denver g. Rio Grande 5000; Erie AZ 900; Han
nibal & St. Joe 5000; st. Louis & Iron Noun
tain $500; Missouri, Kansas q Texas 13, 900
Lake Shore $4,000; Louisville Nash
Vile $4,000; Michigan Central $500; Mobile &
Ohio 1000; Memphis & Charleston 1900
Chicago s. Northwestern Is 900; Nashville
Chattanooga & St. Louis 400; New Jersey
Central So 900; New York Central 1900; North
ern Pacific $4,000; Ohio & Mississippi 1900
Ontario & Western $780, Pacific Mail II 200
PEORIA Decatur & Evansville 5000; Philadel
phia & Reading 700; Chicago, Milwaukee &
St. Paul $4,000; st. Paul & Omaha 13,000
Texas Pacific $500; Wabash, st. Louis & Pa
cifc $4,000; Western Union Telegraph 10000
Central Pacific $500.