Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-27
Eastern and European Markets.

NEW I DIRK, July EO.-MOney actlVe aI q n W
4 per cent, closing at 8 per cent. Prime
mercantile paper 3@4 per cent. Sterling
exchange, bankers bills weak at s4.s3@4 S..
Produce exports for the week. 81 ,462 900.
Governments weak and H@4 per cent.
lower.
Bonds-Railroad bonds generally weak.
State securities dull.
Stocks-The stock market opened irregular
but In the early dealings advanced Is to IA
per cent, Western Union Telegraph, Northern
Pacific common and New Jersey Central lead
ing in the improvement. Before the first
board, however, speculation became weak and
under the influence of free selling movement
fell off sharply, the downward movement be-
ing assisted by the circulation of reports that
the Presidents condition was extremely criti-
cal. The lowest figures of the day were
touched at the second board, after which
lhere was slight rally, but in the final sales
quotations again fell off and the market closed
heavy at about the lowest figures of the day.
The decline on the days transactions ranged
from n to per cent, Denver & Rio Grande,
Mobile & Ohio, Texas Pacific, Missouri Pa
citic, Colorado Coal, Northern Pacific, Louis
vile & Nashville, Nashville, Chattanooga &
St. Louis, Chicago, Milwaukee & St. Paul.
Union Pacific, Wabash, St. Louis & Pacific,
New Jersey Central, Western Union Telegraph
md Ontario & Western being most prominent
therein.
The Commercial Bulletin says: There was
renewed depression to-day on the stock mar
ket and an important decline in leading stocks
established. The reasons for the decline were
the more critical condition of the President
and denial by W. Fl. Vanderbilt that he has
been buyer of his own stock and the state
ment ascrlbed to him that the railroad war
will continue. long time yet, and thirdly,
sales of long stocks on account of exhausted
margins. These influences, in the hands OF
the active spectators who have gained pres
tlge by the recent decline, enabled them to
raid most effectively. It is notable that trunk
line shares were comparatively steady and that
the weakest stocks were those associated with
Gould For the first tune thus tar in the bear
campaign resort was had to the old trick of
selling down. United States bonds, fours,
we're sold down y by a prominent stock bro
ker. The bonds which he sold were bought
by dealers in these securities and later there
was rally Of S.
The transactions aggregated 421 600 shares:
Canada Southern 4,6U0; Central Pacific $500;
Chicago, Columbus & Indiana Central 2,2u0;
Delaware, Lackawanna & Western 22,600;
Delaware 6, Hudson 1900; Denver & Rio
Grande $4,000; Erie 1890; Hannibal & St. Joe
$500; Missouri, Kansas & Texas l6 100; LAKE
Shore $4,000; Louisville & Nashville 5000;
Lake Erie & Western 1000; Michigan Central
81 700; Memphis & Charleston IS, 900; Missouri
Pacific 1900; Chicago & Northwestern
l4,OOO; New Jersey Central $4,000; New
York Central $1,000; Northern Pacific
80 900; Ohio & Mississippi 1900; Ontario d
Western lI,OOU; Ohio Central 1890; Pacific
Mail $500; Peoria, Decatur & Evans
vile 1,4OO; Philadelphia d Reading
81 900; St. Paul & Omaha 5000; Texas Pacific
l,OUU; Union Pacific 10000; Wabash, st. Louis
g. Pacific 81 ,0UO; Western Union Telegraph
Il, 1000; Central Arizona 6,0OC; Colorado Coal
5ti. ONO.