Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-10-08
Eastern and European Markets.


New YORK, Oct. money per cent.
per annum and 1872 per cent. per diem,
closed easy. Prime mercantile paper, 51S@61S
per cent. Sterling exchange, bankers bills
dull at s4.7Ss. Sight exchange on New York,
81. S2al.
Governments opened strong and higher, ex-
tended 6s being up e per cent; extended IS
Il per cent; 49, 3% per cent, and Is Il per
cent. At the close, however, all issues showed
the most improvement, except As.
Railroad mortgages were irregular on a
moderate volume of business.
State securities inactive.
Stocks-The stock market opened strong
and generally higher, and prices Immediately
began to move upward, the improvement con-
tinuing, save when occasionally interrupted by
slight reaction, until after midday, when the
advance from yesterdays closing figures
ranged from 16@4s per cent, the latter in
st. Louis & San Francisco preferred and COM
mon; Metropolitan Elevated Manhattan Ele-
waited, Chicago, Burlington & Quincy, Cleve-
land, Columbus, Cincinnati & Indianapolis
and Colorado Coal being also prominent
therein. During the afternoon speculation
became heavy and at the second board a
decline of 1854 per cent. was recorded, the
latter in Metropolitan Elevated; Manhattan
Elevated and Philadelphia & Reading being
also conspicuous in the decline. Subsequently
the general list recovered 4@1ss per cent,
Manhattan Elevated selling up l% per cent
and Metropolitan Elevated per cent. In the
final sales, however, the general market be-
came weak and declined 14@3% per cent, the
latter for Philadelphia & Reading Secretary
Window was not at the sub-treasury to-day,
but, according to the Commercial Bulletin, it
is now said some measures of relief will be re-
sorted to next week; such, perhaps, as an
part of the $2,0O0,C00 bonds called for Deem
Der a. United States bonds advanced 1s@1
per cent. There were large purchases in the
afternoon of extended 5s at par. There was
to-day very general covering of short sales
in the stock market in anticipation of the
treasury relief, and the result was higher
prices for the whole list. The market was
feversh, however, and had intervals of dull
ness and weakness.
The TRANSACTIONS aggregated 4o5,OOO shares:
Canada Southern, 1000; Central Pacific, ct, 900;
Cleveland, Columbus & Indiana Central, 1 100;
Delaware, Lackawanna & Western, 80 600; Del
aware & Hudson, 400; Denver & Rio Grande,
$4,000; Erie, 81 900; Hannibal & St. Joe
l,7O0; Kansas & Texas, 1900; Lake
Shore, $4,000; Louisville & Nashville, $500;
Lake Erie & Western, 300; Michigan Central,
5000; Manhattan Elevated, $4,000; Missouri
Pacific, 5000; Chicago & Northwestern, 5000;
New Jersey Central, $500; New York Cen
trail, $4,000; Northern Pacific, 1000; On
tario & Western, $500; Ohio Central, 1000;
Pacific Mail, 5000; Peoria, Decatur & Evans
vile, 1,3OU; Philadelphia & Reading, 25,0Oe;
Chicago, Milwaukee & St. Paul, $4,000; st.
Paul s. Omaha, 5000; Texas Pacific, 5000;
Union Pacific, 2e,OOO; Wabash, st. Louis &
Pacific, 11,c0O; Western Union Telegraph,
$4,000; Chicago, Burlington & Quincy, 1000;
Cleveland, Columbus, Cincinnati & Indian
apolis, 1,700; East Tennessee, Virginia &
Georgia, 5000; st. Louis & San Francisco,
1000.