Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-08-25
Eastern and European Markets.

New YORK, Aug. A.-Money at
3@6 per cent. per annum and 1-16 per cent.
per diem, closing at 8 per cent. Prime
mercantile paper 1906 per cent. Sterling
exchange, bankers bills dull at 81. sO1S.
Sight exchange on New York, 81 So.
Governments steady for AS and registered
4s and Il per cent. lower for other issues.
Bonds-Rairoad bonds in light request.
State securities dull .,.-.g.
Stocks-rhe stock market was generally
strong at the opening and most Of the leading
shares showed an advance on the closing gu.
tations OF yesterday. At the first board vea !,
firm tone srevalled and an advance of X IL
az per cent. was recorded, which was mos,
ma kvd in Denver & Rio Grande, Colorado.
Coal, Wabash, st. Louis & Pacific, Union Pa,
c't1c, Texas Pacific and Louisville g. NaShvilly.
rnis was followed by d decline of n IL
| per cent, in which Colorado Co ! aud D.nvc
u Rio Grande were most prominent Tuwsrl
noon speculation again became firm ann qs.5
t,tious rose t. 3 per cent Memphis d
| Charleston, Chicago, Burlington & Quinc5
and Illinois Central leading in The upward
movement During the afternoon the dea..
ings were irregular and unsettled. First there
was decline of u to l q per cent, then "a r.
covery OF a 10 e per cent, later reactions Of
| Is to q per cent. and at the close anothei
rally Of Is to % per cent, the market closing
fairly steady. at5
The Express says: The early strength and
advance in the stock market to- day was base,
on the feeling that prices had reached bottom
although there might be temporary declin,
in case of the demise of the President. The
basis for this feeling, which has undoubtedl,
led to considerable purchases of stocks fol
long account within the past two days, is a
growing belief, first, that the treasury dis
bursements for fives and the influx of golt
from Europe will tend to keep money easy
| and second, that the railroad war is liable t.
be settled at any moment when it suits the in
terests of certain railway magnates. A.
| against these bull theories the hears contend
| that treasury disbursements are likely to bt
| slow, that money will continue to work close
that the railroad war is no nearer settlement
than ever and that the crops of the country
are short, and they are not slow to take ad
vantage of any little incident to check the up
Ward course of prices by making 'drive'
against the market, as was seen after meridian
to-day, when money rose to "a per diem and
there was temporary reaction from the bes
| quotations of the morning.
The transactions aggregated 1862, 900 shares
| Central Pacific 1900; Chicago, Columbus
Indiana Central LOO; Delaware, Lackawanns
& Western $1,000; Delaware & Hudson 1900
Denver & Rio Grande 10000; Erie $500; Han
nihal & st. Joe LOCO; Missouri, Kansas
Texas $4,000; Lake Shore $4,000; Louisville
& Nashville 2,090; Missouri Pacific
1000; Chicago & Northwestern 1000; New
Jersey Central $1,000; New York Contra
1000; Northern Pacific $500; Ohio & Mis-
sissippi $500; Ontario & Western $500
Pacific Mail $500; Chicago, Milwaukee & St
Paul $1,000; st. Paul & Omaha 81 900; Texa!
Pacific 9,400; Union Pacific 1905; Wabash
st. Louis & Pacific $4,000; Western Unior
Telegraph "a 700; Illinois Central $3.50; New
| York Elevated 4,70O.