Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-29
Eastern and European Markets.

Eastern and European Markets.
New YORK, Jan. 27.-Money easy at 5G6
per cent. Prime mercantile paper 59511 per
cent. Sterling exchange, bankers bills steady
at 9S1S. Sight exchange on New York at 991s
under the new system, but & higher by the
aid method.
Dry goods imports for the week, S2,s97 900.
Governments strong and 16@Ac higher.
Bonds-In the railroad bonds market the
features were Texas Pacific income land grant
seyens, which advanced to 794 from 7SA,
Decatur & Springfield second incomes, which
advanced to 6515 from CAS-, Mobile & Ohio
second debentures, which declined to 5l% from
531{, and later recovered to 521l, Lafayette,
Bloomington & Muncie incomes, which adj
vanced to S215 from SOL, then declined to SOL
and later recovered TO S11l, Boston, Hartford
s. Erie firsts, which declined to 81 from 6211ss,
and Peoria, Decatur s. Evansville income, which
declined to 81 from 81. Chesapeake s. Ohio
issues were notably active and strong.
State securities moderately active.
-Stocks-The stock market opened generally
strong and higher, Lake Erie s. Western being
exceptional, and opening "a per cent. lower,
with subsequent decline of X per cent. At
the first board speculation became firm, and
an advance of i toS per cent. was recorded,
the latter in Lake Erie & Western. This was
followed by decline of 4 to II per cent,
and later. by an advance Of d to ? per cent.
During the afternoon the market was irrSgu-
lar, but became strong in late dealings, and
most of the leading shares touching the high
est figures of the day. the improvement from
the lowest point ranging from 4 to 80 per
cent, Denver s. Rio Grande, telegraph shares,
Lake Erie & Western and Union Pacific show
ing the most strength In final sales there
was a fractional reaction from the highest
point in some cases.
The Euening Post says: GAS we close the
following announcements come TO US: The
matter of the Central Pacific dividend has been
satisfactorily arranged to-day before United
States Judge Choate in. chambers, the
officials of the government simply filing their
bill and the court accepting the personal bonds
of C. P. Huntington and others. No
Injunction was asked for. The divi-
dend will be paid as advertised. The Erie rail
way earnings increased in the first. three weeks
of the current month $4,000. The gain
would have been much larger but for delays
occasionsd by snow The st. Paul, Minneap-
oils & Manitoba railway earnings increased
SCI, 900 the third week in January The
annual report of the Chicago, Milwaukee & st.
Paul company for 1880 will soon be published,
and the gross earnings will not vary much
from S13, 200, 900, against Sl0,012,8l9 the year
before. The Mutual Life Insurance company
paid S13,000,0j0 to policy-holderS last year,
and have S92, 000,000 assets. The shares rise
in Denver & Rio Grande was occasioned by a
promise of per cent. quarterly dividend"
The EucRing Post says that within a day
or two rumors have been in circulation down
town in regard to the condition of the large
and well known firm Of Meyer Bros. & Co.,
general merchants, 70 Wall street. The report
yesterday that the house had failed was fol-
lowed to-day by the statement that ii was SOL
vent, at least so far as obligations in this
country were concerned, but difficulties have
occurred between members and their European
partners. One of the Messrs Meyer stated to
reporter that the firm had done large bust
ness in the coffee trade, and lately in general
merchandise During the year 1880 it had
imported iron heavily, and had mot with severe
losses, and the fact had been published as a
duty to stockholders. Both in this country
and abroad their credit had been excellent, and
this week broker offered to take $4,000 of
their notes at 5 per cent.
The transactions aggregated $4,000 shares,
of which 1000 were Chicago, Burlington d
Quincy; 1900 Chicago, Columbus & Indiana
Central; 10000 Canada Southern; 1900 Chesa-
peake & Ohio; 1900 Central Pacific; 81 ,00C
Delaware, Lackawanna 81 Western; 10000 Del
aware s. Hudson; $1,000 Denver & Rio
Grande; $4,000 Erie; 5000 Hannibal s. St
Joe; 5000 st. Louis & Iron Mountain
$4,000 Missouri, Kansas s. Texas; $500 Lake
Shore 400 Lake Erie Il Western; 1,40C
Louisville & Nashville; 1000 Michigan Cen
trail; 1900 Marietta, dG Cincinnati first pre-
ferred; 5000 Chicago & Northwestern; 4,20(
Nashville, Chattanooga & St. Louis; 5000 New
Jersey Central; 4,00j New York Central; 81,
600 Northern Pacific; 5000 Ohio & Missis
sippi; $1,000 Ontario s. Western; 5000 Pacific
Mail; 500 Peoria, Decatur & Evansville; 7,00(
Philadelphia s. Reading; $500 Chicago, Mil
waukee Il St. Paul; $500 st. Paul & Omaha
5000 Texas Pacific; $4,000 Union Pacific; So,
900 Wabash, st. Louis & Pacific; $4,000
Western Union Telegraph; $40 Mobile 6
Ohio; $4,000 Ohio Central; $500 Alton {
Terre Haute; 5000 American Union Telegraph
and 3,400 Illinois Central