Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-08-19
Eastern and European Markets.

NEW YORK, Aug. 1S.-Money active at 8
per cent. per annum and e per cent. Per
diem, closing at 4 per cent. Prime
mercantile paper 3H as per cent. Sterling
exchange, bankers bills weak at $4.slN.
Sight exchange on New York, 81 S311S.
Governments weak and Il to X per cent.
lower.
Bonds-In the railroad bond market Texas
Pacific land grant incomes declined to rs y
from 79]s do firsts, Rio Grande division, to
9IA from 92A; Missouri, Kansas & Texas
seconds to 1871 from 81; Rome, Watertown &
Ogdensburg tirsts to 95 from ~; st. Paul i.
Omaha consols to 1O1 from 1929; Canada
Southern tirsts to SO from 100, and Chesapeake
& Ohio firsts, series B, to Sc from 81. Erie
second consols were active at 1o11s@101.
Stocke-The stock market opened fairly firm
in some cases at an advance on yesterday =
closing figures, and before the first board al
advance of Is to1H per cent. was recorded,
the latter In Denver q Rio Grande. At the
first board speculation became weak and de-
cline of X to ~ per cent. took place, which
was most marked in Denver & Rio Grande,
preferred, Missouri Pacific, Chicago, Milwau-
kee & St. Paul, Western Union Telegraph
and Chicago, Burlington & Quincy. This was
followed by a recovery of n to ~ per cent,
but during the afternoon the pressure to sell
was renewed and prices continued to fall of
steadily. The decline from the highest figures
of the day ranged from u to 6H per cent,
"
Nashville, Chattanooga & ST. Louis, Texas Pa
cific, Denver & Rio Grande, Northern Pacific,
Hannibal & St. Joe and Memphis & Charleston
were also prominent therein.
The Epenimg Post says: When the money
stringency was released in the last hour there
came sudden change in the tone of the
market from weakness to strength and in the
late dealings the rush to buy was as eager as
that to sell was earlier in the day. It is true
that the buying was largely to cover short
sales, although 1t begins to look as if the
strlngency in money has been worked for the
purpose of getting long stocks in view of a
settlement of the trunk line difficulties, which
may be near There was marked turn for
the better at the close. At the Produce Elk
change there was a renewal of the excitement
noticeable of late and the effort of the shorts
to cover drove prices up l to 4 cents, the
greatest rise. being In oats. wheat closed
weak at the advance, while corn and oats were
firm and flour advanced 10 to Is cents per bar
rel. "a
The transactions aggregated 1000 shares;
Canada Southern $500; Central Pacific 1890;
Chicago, Columbus & Indiana Central
1,S00; Delaware, Lackawanna & Western
$500; Delaware & Hudson $780, Denver &
Rio Grande $1,000; Erie 1900; Hannibal &
st. Joe 1890; Missouri, Kansas & Texas
$4,000; Lake Shore Al 900; Louisville & Nash
vile 3,1OO; Lake Erie & Western 1,SOO;
Michigan Central 900; Memphis & Charles
ton l,400; Missouri Pacific 10000; Chicago
d Northwestern 11,000; New Jersey Central
$4,000; New York Central 1000; Northern Pa:
clfc 5000; Ohio q Mississippi 1880; On
tario & Western S,700; Ohio Central !, roo;
Pacific Mail $4,000; Peoria, Decatur & Evans
vile 1000; Philadelphia & Reading $500;
Chicago, Milwaukee & st. Paul $4,000;
St. Paul & Omaha 6,40O Texas Pacific $4,000;
Union Pacific 10000; Wabash, st. Louis &
Pacific 10000; Western Union Telegraph
81, OOO Illinois Central 3,4O0; Indiana, Bloom
ington & Western 1900; Colorado Coal
400.