Daily globe., 1881-01-30
Eastern and European Markets.

Eastern and European Markets.
NEW YORK, Jan. a7.-Money easy at 5@6
per cent, closing at 5 per cent. Prime mer-
camille paper 411G@51s per cent. Sterling ex-
change, bankers bills steady at 9S7s. Sight
exchange on New York at 99115.
Governments strong and generally shade
higher.
Railroad Bonds-The features of the railroad
bonds market to-day were Texas Pacific income
land grant sevens, which advanced to 50 from
70, closing at S115, international 81 Great
Northern second income to 81 from 80, Boston,
Hartford & Erie firsts, which declined to 60
from 81, later advanced to 614, Denver, South
Park & Pacific firsts, which declined to 107
from 109, and then recovered to 1857, Ohio
Central income, which declined to 6719 from
SO, Mobile & Ohio third debenture to 40 from
a, and Chicago, Columbus & Indiana Central
income to 711a from 73, closing at 72s&4i.
Southern Pacific & California frsts were
strong, with sales at 103T@104.
State securities moderately active.
Stocks-The stock market was irregular in
early dealings, but at the first board strong
buying movement was begun. under which
the general list advanced rapidly. The upward
movement continued without any important
interruption to the second board, when the
improvement ranged from 4 to 1914 per cent.
the latter in Alton & Terre Haute preferred,
while the common rose " per cent, Texas Pa
ciic 471s per cent, and Metropolitan Elevated
5per cent. Subsequently there was reaction
of u to 57s per cent, ,rthe latter in Alton &
Terre Haute preferred. Speculation became
firm again in final dealings, and the
market closed at recovery of from
Il to Is per cent Oregon Navigation,
which closed yesterday at $50 bid, sold up to
157 and closed at 160@164.
The arrivals of gold from Europe
at the assay Offices for the week
ending Friday were S52 1000 of foreign coin and
bars. The total arrivals since August 2 were
$6S, ,4S5, 400, of which see, ,599, 400 was foreign
coin and bars and $5,SS6,0OO American coin.
The total arrivals for the corresponding period
OF 1S79-S0 were $73, 3,415,15G. Payments by
the assay Office on this account were SS26, ,626
for the week and S62, ,45O,s76 since August 2
1880 Specie exports for the week $2S, $50,
and silver imports $121 ,745.
lie debt for the current month will show de-
crease of between SS,O00,0G0 and $4,000, 900.
The Erpress financial writer, in review of
the week, says government bonds were in active
demand, Notwithstanding the unsettling infu-
ence of dispatch from Washington during
he.week regarding the undecided fate of the
House refunding bill. State bonds were fairly
active and steady. Among railroad bonds
investment issues were quiet but strong, while
low priced bonds were active and buoyant, the
advance ranging from to 10 per cent, with
the chief activity and advance in the Texas Pa
cifc, Boston, Hartford & Erie, Chicago, Co.
lumbus g. Indiana Central, Chesapeake &
Ohio, Peoria, Decatur & Evansville, Ohio Cen
tral, Mobile d Ohio, Lake Erie & Western,
St. Louis aS Iron Mountain, Delaware, Lacka-
wanna d Western, Lafayette, Bloomington &
Muncie incomes. Erie and Missouri, Kansas &
Texas issues were active on narrow fuctua-
tions. Toward the close there was less ac-
tivity and downward tendency in all but Texas
Pacific incomes, which were active and buoy
ant. Among investments issued the Southern
Pacific d California frsts and Chicago, Mil
waukee 81 ST. Paul, Chicago & Northwestern
and Denver & Rio Grande bonds were
notably prominent and strong. Rail-
way and miscellaneous speculation early
in the week was teverish and prices declined
X to 5A per cent. in nearly the entire list, but
subsequently buoyant feeling set in, particu-
larlY in the case of low priced shares, the ad-
vance in which was quite remarkable in some
instances. The buoyancy in low priced shares
was afterwards communicated to some of the.
high priced stocks, which also became more
active. The improvement in prices from the
lowest figures touched early in the week ranged
from to 244 per cent, the upward move
ment being led by Oregon railway and navi-
cation, Alton & Terre Haute, telegraph shares,
Denver & Rio Grande, Ohio Central, Lafay-
cite, Bloomington & Western and Iron Noun
tain The other features of the mar
ket were Northern Pacific, St. Paul
and Elevated railway shares, Ontario
& Western and Ohio & Mississippi
Elevated railroad shares were strong almost
throughout the week, with steadily increasing
business. The greatest advance was made to-
day on reports of large increase in the traffic
of the Manhattan Company. The fact that
New York and Metropolitan stocks are selling
below other 10 per cent. stocks has attracted
the attention of capitalists, and the steady
absorption of New York Elevated has left only
small floating supply of stock on the street.
A still larger traffic for Elevated roads will
take place as soon as the extensions beyond the
Harlem River, which are contemplated, are
certain, while important reductions in oper-
ating expenses are already being effected. In
final sales there was some reaction in active
speculation in favorites from the extreme buoy
ancy of the week, the decline from the highest
point ranging from * to 64 per cent.
The transactions aggregated 453, 900 shares,
of which l3,000 were Chicago, Burlington &
Quincy; 10000 Chicago, Columbus &aIndiana
Central; $500 Canada Southern; 3,700 Chesa-
peake & Ohio; 2,4o) Central Pacific; $4,000
Delaware, Lackawanna & Western; 3,400 Del
aware & Hudson; 10000 Denver & Rio