Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-13
Eastern and European Markets.

NEW YORK, Jan. 12.-Money easy at 5@6
per cent, closing at 6 per cent. Prime mer-
camille paper 5@51s per cent. Sterling ex-
change, bankers bills steady at 9S$4. Sight
exchange OH New York 99sg.
Governments quiet and firm.
Bonds-In the railroad bond market
the features were Chicago, Columbus & In
diana Central, which early in the day advanced
| to 74H from TX, then declined to 70 and
later recovered to 1874 and again declined to
| 701s; Texas & Pacific income land grant Is,
which advanced to 751a5 from 741a and then de-
clined to Is; st. Louis & Iron Mountain
seconds preferred incomes, which advanced to
| 70 from 70 and fell to 7SSs, and Ohio s. Mis-
sissippi seconds, which advanced to 1913 from
1872; Peoria, Decatur g. Evansville firsts, which
declined to Ito from Ill, and Chesapeake &
Ohio firsts, series B, which declined to So
| from 81.
| State securities dull.
| Stocks-The stock market was again charac'
terized by great activity, telegraph shares be-
| ing the features of speculation and fuctuating
widely and with much frequency. Western
Union Telegraph sold up from 1.01 Is to 1.04,
|
close. American Union Telegraph rose from
S516 to "a, fell off to s91a and recovered to
931s, the last sale being 933s. Atlantic &
Pacific Telegraph advanced from 1915 to 4S,
reacted to Al and sold up to 4519. The con-
solidation of the three telegraph companies
seems to be regarded as an accomplished fact
and it is reported that the company thus
formed will have capital stock of SIS ,000, OO0
The general list opened strong and advanced a
to Is per cent, subsequently reacted n to 211s
per cent. but during the afternoon became
strong again and rose a to per cent, the lat
ter in Louisville, New Albany d Chicago. In
late dealings prices fell off and the market
closed at decline of Il to 216 per cent, Wa.
bash, st. Louis q Pacific, Philadelphia & Read
| ing, Hannibal e. st. Joe and Erie leading the
decline.
The signatures Of leading drawers Of com.
mercial bills and of many bankers of high
standing has been obtained to paper express
| ing opposition to the new methods of quoting
sterling on the Stock Exchange. There has
been difference in contracts on Philadelphia
& Reading of Is per cent between cash and reg
ular stock, which gives some idea Of the short
interest in Philadelphia & Reading.
The transactions aggregated $4,000 shares,
of which $4,000 were Atlantic & Pacific Tele-
graph; 5000 American Union Telegraph;
1850 Cleveland, Columbus, Cincinnati & In
dianapolis; 1000 Chicago, Columbus & In
diana Central; 1900 Chicago, Burlington &
Quincy; 1000 Canada Southern; $500 Central
Pacific; $500 Delaware, Lackwanna d West
ern; 6,4OO Delaware g. Hudson; 1000 Denver
| g. Rio Grande. 53 600 Eric. ii 200 ST IOuis
& Iron Mountain; 1900 Hannibal & St. Joe:
$500 Chicago, st. Louis e. New Orleans;
300 Missouri, Kansas & Texas; 1000 Lake
Shore; 1900 Lake Erie & Western; $500 Louis
vile & Nashville; $500 Michigan Central;
1900 Chicago & Northwestern; 1000 Nash
vile, Chattanooga d st. Louis; 1000 New
Jersey Central; 900 New York Central; 400
Northern Pacific; 14,O0o Ohio g. Mississippi;
10000 Ontario & Western; 1900 Pacific Mail;
4,50J Peoria, Decatur & Evansville; $4,000
Philadelphia & Reading; $1,000 Chicago, Mil
waukee & st. Paul; $500 St Paul e. Omaha;
1,59O St. Louis & San Francisco; 81 600 Union
Pacific; $4,000 Wabash, st. Louis & Pacific
| LOG 600 Western Union,