Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-02-13
Rye-No. 2, re.
Ground Feed-$15.50.
Baled Hay-S1O.50b bid; S1150 asked


vancing. Prints in light demand. Ginghams
active and firm; light supply. Mems wear
woolens quiet and steady.
Eastern and European Markets.
New YORK, Feb. 12-Money active at SOC
per cent, closing at 5 per cent. Prime
mercantile paper 495 per cent. Sterling
exchange, bankers bills steady at S4.S21a
Sight exchange on New York at $4.S54.
Governments quiet and steady.
Bonds-In the railroad bond market prices
were irregular and generally higher. The fol-
lowing were compared with the last previous
sales: An advance of 3 per cent. in Denver q
Rio Grande exias, "a in New Jersey Central
income, "a in Indiana, Bloomington & West
ern income, 1 4 in Delaware 81 Hudson regis
tered 'S4s, y per cent. in Kansas IL Texas con-
suls, assented, Bloomington & Muncie income,
and Chesapeake & Ohio currency skies, and IA
per cent in Louisville & Nashville general
mortgage skies, apd Metropolitan Elevated sec
onds There was a decline of II d per cent. in
Indiana, Bloomington & Western seconds, and
per cent in Ohio Central income.
State securities in light request.
Stocks-The stock market was characterized
by great activity, and prices advanced steadily
throughout the day. Speculation became ex-
tremdy brisk in the late dealings, when the
highest prices of the day were touched. The
improvement as compared with last nights
closing prices ranged from X to 636 per cent,
the latter in Nashville, Chattanooga & St.
Louis, which sold up to 1898, but which sub
sequently reacted to 76K. The general list,
however, continued strong to the close. Other
important changes were as follows: Prices adj
vanced 81 per cent. in Alton & Terre Haute
preferred, 81 in common, in Metropolitan
Elevated, in New York Central, 2I in Chi
cago & Northwestern, 215 in Delaware, Lack
awanna & Western, in New Jersey Central,
81 in Ontario & Western, and 2 per cent. in
Denver & Rio Grande. The market closed
strong, with ali upward tendency.
The Euening Post says: 1t is generally
talked that next week will witness further i'm
portant Improvements in Pacific commercial
stock, telegraph stocks, and Northern Pacific
shares. This talk undoubtedly Influenced
buying during the last hour to-day.
The Erpress weekly review says: The
events of the week in financial circles were i'm
portant chiefly on stock exchange, where vol
ume of business was large, especially toward
the close, and more strong, being character
lied by very steady ruling of rates, which
ranged from to per cent. on government
bonds, and from 4 to per cent on govern
ment, railroad and miscellaneous collateral
currency. The movement continues in favor
of this center, though receipts during the
week were somewhat smaller than those of
last. Discount, prime names, at or per
cent. Foreign exchange extremely dull and
nominal; rates, S4.S3@4.S6 for long and short
sterling, through the week. There were no
arrivals of gold at the New York assay office
for the week ended Friday Arrivals from
Aug. q 1880, to date were sos, OPS 200, against
$73, As, $50 during the same time in 1880.
Payments by the assay office for the week,
3,06S; since Aug. 2, 1880, So, 04S, 223 In
government bonds there was increased bust
ness, and much stronger market for Is and
AIS, the improvement in which was caused
by advices from Washington, relating to prob
able passage of the funding bill. In railroad
bonds there was active business, and demand
for many investments, and speculative issues
continued with undated yigor. The princi-
pal activity and strength was in Texas Pacific,
Chesapeake d Ohio, Lake Erie & Western.
Chicago, Milwaukee & st. Paul, New Jersey
Central, Kansas & Texas and national issues.
Railroad and miscellaneous speculation was
active, especially late in the week, when a
buoyant feeling prevailed, and there was con-
siderable excitement. In the early dealings
prices advanced x 90 per cent, but the i'm
provement was afterwards partially lost. On
Thursday the market became buoyant again,
and continued in that condition to the close,
when the highest quotations of the year were
current in many instances. Dealings were well
distributed throughout both high and low
priced stocks, showing the inactivity and
buoyancy OF the market. Among low priced
shares the leading features were Northern Pa
cific, Chesapeake & Ohio, Chicago, st. Louis
& New Orleans, American District Telegraph,
Peoria, Decatur & Evansville, Ontario 81 West
ern, and Pacific Mail, while the high priced
shares most prominent in the dealings were
Western Union, Pacific, New York Central,
Chicago & Northwestern, Chicago, Milwaukee
& st. paul Central Pacific and Elevated road
shares were also buoyant and advanced in ac-
tive demand. Coal stocks were very conspic-
uous in dealings late in the week and advanced
sharply, reaching the highest figures attained
| for many years. The causes at work to pro-
duce the general buoyancy of the closing days
of the week were the favorable prospects for a
good spring trade, continued export demand
for our products, general prosperity of manu-
featuring industries of the country, and the
fact that January railroad traffic didn't show
that general falling off predicted recently. In
some quarters real estate syndicates are form
ING in downtown districts
| The transactions aggregated sos, 900 shares
of which 5000 were Chicago, Columbus &
Indiana Central; 1000 Canada Southern
5000 Central Pacific; $1,000 Chesapeake &
Ohio; 1000 Chicago, st. Louis Il New Or
leans; $4,000 Delaware, Lackawanna & West
ern; $4,000 Delaware 81 Hudson; II 900 Den
yer 81 Rio Grande; $4,000 Erie; 5000 Han
nibal 81 st. Joe: 5000 St. Louis & Iror
Mountain; 5000 Missouri, Kansas & Texas
A 900 Lake Shore; 5000 Lake Erie & West
ern; 1900 Louisville 81 Nashville; 1O,OOt
Michigan Central; $4,000 Manhattan Elevated
5000 Metropolitan Elevated; $4,000 Chicago
d Northwestern; 1900 New Jersey Cen
trail; 14,00O New York Central; Is, 900 Nash
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