Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-07
Eastern and European Markets.

Eastern and European Markets.
New York, Jan. 6.-Money easy at 4(@6
per cent, closing at 5 per cent. Prime mer-,
camille paper 596 per cent. Sterling ex-
change, bankers bills firm at $4.9Sa4; sight
exchange on New York $4.9914, equal to
$4.SO1a@4.S3 under the old plan.
Governments quiet and steady In the rail
road bond market Indiana, Bloomington &
Western incomes advanced to 90 from IS; Chi
cago, Columbus g. Indiana Central incomes to
624 from 5Ss4; Indiana, Bloomington &
Western seconds to 70 from 7O5s; Chesapeake
q Ohio firsts, series B, to S215 from sou; Chi
cago q Northwestern sinking fund skies to
1928 from Ill, and Alton & Terre Haute sec
Western incomes declined to 70 from II, and
Boston, Hartford & Erie firsts to 50 from So
State securities dull.
StOcks-The stock market opened generally
weak and subsequently declined a fraction, but
at the first board speculation became strong
and under brisk purchases the general list adj
vanced I@519 per cent, Indiana, Bloomington
e. Western, Louisville & Nashville, Denver &
Rio Grande, Western Union Telegraph, Phila-
delphia & Reading and Delaware, Lackawanna
& Western being most conspicuous in the up
ward movement. Nashville, Chattanooga &
st. Louis was, however, an exception to the
general buoyancy and declined ~ per cent,
but subsequently recovered per cent. In the
late dealings Louisville & Nashville reacted
| So per cent and the general list 14@14 per
cent, but the final sales were firmer in tone
and hn ma rlypfe 1n af q IF
per cent. The st. Louis & Iron Mountain
earnings show decrease of S312 for December
and an increase of 1866, SOs for the year. The
advance in Denver & Rio Grande stock and the
large demand are understood to be on orders
| from the continent. Cable advices report a
strong demand for the continuous list of
American securities at Amsterdam.
The Posts financial article says: We are in
| formed that foreign and domestic snbscrip-
| tons to the $40, 0OO 900 bonds of the Northern
Pacific Railroad company recently offered ex-
coed 10000, 900, by far the larger part of the
subscriptions having been made in London on
railroad loan negotiation. This is success
| without a parallel. The money received for
| these bonds will, it is expected, enable the
| company to complete the line through to the
Pacific, and give the company a system of
about2, 900 miles where it now has less than
| 1000. As at present there is no organized
speculation in shares of the company, the
| knowledge of the success of the loan has had
very little influence on the price of preferred
or common stock, which now represents only
| the present mileage, but which will also cover
| the road built with the proceeds of these
bonds. There has been quite an advance in
Chicago, Columbus & Indiana Central securi-
| ties, due to a revival of the report that the
Pennsylvania railroad was buying them pre-
paratory to a settlement. A telegram from
Nashville that the judge had refused motion
for a receiver and INDUCTION in the Louisville
e. Nashville railroad case without any argu-
ment on behalf of the company, caused an adj
vance in Louisville d Nashville shares and a
break in Nashville, Chattanooga 81 st. Louis
stock. The earnings of the Central Pacific
increased $31 $4,000
The transactions aggregated 900 shares
of which 1,50O were Chicago, Burlington u
Quincy; ] 800 Cleveland, Columbus, Cncn-
natl & Indianapolis; 1000 Central Pacific; 90
600 Delaware, Lackawanna d Western; 5000
Delaware 81 Hudson; 11,000 Denver & Rio
Grande; 80, 600 Erie; 5000 Hannibal & st. Joe;
LOGO st. Louis & Iron Mountain; 200
Indiana, Bloomington g. Western; 400 Mis-
souri,, Kansas & Texas; 1900 Lake Shore;
$4,000 Lake Erie 81 Western; IL 600 Louisville
Il Nashville; 5000 Michigan Central 5000
Chicago & Northwestern; $1,000 Nashville,
Chattanooga 81 St. Louis; 1900 New Jersey
Central; $4,000 New York Central; 5000 North
ern Pacific; LOO Ohio IL Mississippi; 5000
Ontario & Western; 1900 Pacific Mall 1900
sI,I oI,~l;, e.
wau. kee & st. Paul; 1900 St Paul & Omaha;
$4,000 Union Pacific; $500 Wabash, st. Louis
& Pacific; $1,000 Western Union and 14,000
Chicago, Columbus & Indiana Central.
MORNING QUOTATIONS..
Rock Island 136 do ST Drpf,d