Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-15
Eastern and European Markets.


Spring chickens, per pair. ........ 3OQ 80
Old chickens, per pair. .......-... aug oo
Eastern and European Markets.
New YORK, July H.-Money easy ar 3
per cent. Prime mercantile paper $685. per
cent Sterling exchange, bankers bills firm
at s4.S44. Sight exchange on New YoTk
$4s64.
Governments strong and 1s9A per cent.
higher. 14
Bonds-Railroad bonds in fair demand and
irregular.
State securities dull except for Tennessees.
Stocks-The stock market opened strong
and higher. In the early dealings prices adj
vanced i to ~ per cent, but at the first
board speculation became weak and decline
of 4 to X per cent. took place, Chicago,
Milwaukee d st. Paul leading in both in
stances. After midday the market again be-
came strong and advanced g fraction but sub
sequently lost the improvement. During the
afternoon the dealings assumed strong tone
which continued to the close, the final sales
showing an advance on yesterday of a to "a
per cent in the general list, 81 per cent in
Erie preferred and 5 per cent in Manhattan
Beach.
The Commercial Bulletin says: A good
part OF the rise in the stock market took place
in the last hour, when very favorable advices
respecting the Presidents condition were re-
ceived; also dispatches from Philadelphia re-
speeding the trunk line roads, which gave
hope that the ultimate settlement is not far
off. If Vanaerbllt has bought all the stocks
he wants the settlement is near, but he takes
no one into his confidence on this subject and
the public have no alternative except to await
Developments of facts Later in the day 1T
became known the United States treasurer had
sold lot II, SAID to be $4,000 of United States
extended ) per cents, to one of the savings
banks, The price reported being 1929. On in
qliry it was found that Gen. Hillhouse day
before yesterday had received these bonds
from Washington, they belonging to one of
thtEndian trust funds, for conversion into
caslElor use according to the terms of the
fund. He said he had sold these bonds as
heretofore according to the custom of the
Office for years, and that there WAS nothing
new or extraordinary about it.
The Erening Post says: The speculative
market at the stock Exchange was somewhat
higher than yesterday, although still rather
feverish Whatever improvement there is, is
due to reports that at Chicago the troubles in
the Southwestern pool have been adjusted and
that preliminary work for bringing the trunk
tons or 10 new compact has been begun.
tits, of course, safe TO assume that the trunk
line differences will be settled sooner or later,
but so far rs we can ascertain from those
whose opinion is worth much on this subject,
it is now not known whether a settlement be-
tween a week or 60 days can be had, and during
the intermediate time several of the lines are
known to be making contracts at very low
rates IL is supposed the purpose for which
trunk line pools are reorganiZed is of obtain
ing an increase in percentage of pool business,
they resting their claim for an increase on the
tonnage which they have carried. This kind
of proceedings naturally complcates the diff
cultes and makes them more difficult of final
adjustment. AS the game, SO to speak, Is I'M
derstood by all the lines, there is as yet no
reason for disbelieving that the whole trouble
about rates has been fostered, even if it was
not originated for purposes connected with
the stock market.
Canada Southern 5000; Central Pacific 4, 800;
Delaware, Lackawanna 81 Western 600; Della
ware & Hudson 1000; Denver & Rio Grande
2,500 Erie %, 900; Missouri, Kansas & Texas
5000; Lake Shore $4,000; Louisville s. Nash
vile 5000; Michigan Central 1000; Mis-
souri, Pacific 5000; Chicago & Northwestern
1900; New Jersey Central IL, OO0 New York
Central H., COO; Northern Pacific $500; On
tario q Western 1000; Ohio Central $500;
Pacific Mail 5000; Chicago, Milwaukee d st.
Paul 1900; st. Paul & Omaha $500; Texas
Pacific 5000; Union Pacific 1900; Wabash.
st. Louis g. Pacific 5000; Western Union
Telegraph 10000; Sutro Tunnel 1000; Central
Arizona 12,UC0.
EVENING QUOTATIONS.
GOVERNMENTS.
Skies extended. 1928 Fours do.... .116%
Elves do........ 102 Pacific Us of '95t. .130
AVS Coupons. ..ii419 +,
STATE BONDS.
La. consols. ... COX Virginia 6s, DID, IS
Missouri 6st.....112 Consols, ex. NATL
81. Joe... ...ll2 coupon. $3.50. IS
Tenn. IS, old.... 75H Deferred. -. II
Tenn. 6s, newt. rs
RAILROAD BONDS.
c. P. Bonds. 1st..115A .. P. Bonds, 1st.118
Erie seconds. .1O23s U. P. land grant 1lS1
Lehigh Il ...1ll% Sinking fund. .12S
St. P. & 5. c. LIST. 112
STOCKS.
Adams Express. 1876 n. G. & st. L.. s.
Alton d. L. H.. S5H n. j. Central..... 993
dopreferred.... 81 Northern Pacific. 4311
American Exp. 81 do preferred. :. S43
B. c. K. q NJ. 81 Northwestern. :. 1879
Canada South'n. 65A do preferred. 1402
G. c. & 1. Co.. 2315 N. Y. Central. IA y
Central Pacific 99sz Ohio Central... 33s
Chesapeake & o. 29N Ohio &c Miss. 39a
do LIST pref'd.. AZ do preferred. lib
do I'd pref'd.. BIZ Ontario & W.. -.
Chicago & Alt ..139 Pacific Mail. -. SOL
do preferred .. $50 Panama.. :. 800
G. B. d Q..... 1861 Peoria, D. & E.. 49,
q. st. L. q n. 0. rs Pittsburgh. :. .140
C. Sag. & c.. 81 Reading. ...... So
Cleveland & Col. 9315 Rock Island. :. 141
Delaware & H.. .1094 st. L. & s. F. :. SOL
Lackawanna... 1923 do PREFERRED. 500
Denver & r. G...10615 do 1st pref'd. 49,
Erie. A Mil. & st. Paul. lbs
do preferredt... 941 do preferred. =. 1874
Fort Wayne. .140 st. P. & Manitoba1061
Han. & St. Joe.. 92H St. Paul & Oma. 49,
do preferredt Ill do preferred. .104
Harlem =. ...250 Texas Pacific. 641
Houston 81 Tex. 9SH Union Pacific. 1921;
Illinois Central. .1404 United States. ~
Ind. B. " w.. 53% Wab. st. L. & P. 81
Iron Mountain. IS do preferred. y29
Kansas & Texas. 47% Wells & Fargo. .12l