Daily globe., 1881-03-17
Eastern and European Markets.

NEW YORK, March 16.-Money at Sac
per cent, closing at per cent. Prime
mercantile paper 5@6 per cent. Sterling ex-
change, bankers bills weak at $4.8O56.
Sight exchange on New York at $4.SS.
Governments steady for all except AIS,
which were Is per cent. lower.
Bonds-Railroad bonds irregular, with d
moderate business.
State securities fairly active
Stocks-The stock market was irregular and
generally weak and lower at the opening, but
in the early dealings prices advanced u to IA
per cent, Western Union Telegraph, Union
Pacific and coal shares leading in the improve
ment. At the first board speculation became
weak and the early advance was lost, but to-
wards midday prices recovered fraction
During the afternoon rather free selling
movement was inaugurated, which resulted in
sharp decline in prices, the lowest figures of
the day being touched at the second board,
when the decline ranged from a to 5 per cent. :,
the latter in Alton 81 Terre Haute common
Delaware, Lackawanna & Western selling off
215 per cent, Canada Southern 2x per cent,
and Delaware & Hudson ~ per cent. Chi
cago, st. Louis & New Orleans was an excep-
ton and rose 81 per cent. In the final deal
ings the market became flrmer and closed at
recovery of u to 111sp per cent, the latter in
Delaware, Lackawanna & Western and West
ern Union Telegraph.
The Public: Exchanges for the second week
of March were naturally much smaller than
for the week ending March 5, and yet they ex-
cepd those of the corresponding week last year
at every city except two, where the decrease
was insignificant. This fact, and a gain of
l 1-5per cent in the aggregate exchanges out
side OF New York, must be regarded as sur
prising if it is considered: First, that extra
ordinary storms have caused almost a total
blockade of lines of transportation in certain
regions, and particularly about Chicago and
Milwaukee. Second, that the range of prices
is fully IL per cent. below that of March
1880; and third, that the recent violent shock
in the money market has tended to cause much
hesitancy in business operations. Under the
circumstances, the unusual unanimity of in
crease and magnitude of gain at nine of the
cities make the return peculiarly encoura gipg
The return calls for little comment, because
the partial interruption of busine has affect
ed transactions very unequally at different
points and may readily account for greater di
yersities in comparison than actually appear.
Ii the volume of business continues to show
such an increase in spite of storms, financial
storms, and material and considerable decline
in prices, it will be exceedingly difficult to sus-
tain the theory that the prosperity of the
country has been overestimated or has per-
ceptlbly began to abate.
The transactions aggregated 5000 shares;
5000 Chicago, Columbus & Indiana Central:
1000 Canada Southern; 1900 Chicago, St.
Louis & New Orleans; 1000 Delaware d Hud-
son; 1900 Denver & Rio Grande; 14,OOO Erie;
10000 Hannibal q St. Joe; 10000 St. Louis &
Iron Mountain; 5000 Missouri, Kansas &
Texas; $4,000 Lake Shore; 1880 Louisville &
Nashville; 1000 Michigan Central; 1000
Manhattan Elevated; 5000 Chicago & North
western; 5000 Nashville, Chattanooga & St.
Louis; $4,000 New Jersey Central; 5000 New
York Central; 5000 Northern Pacific; 5000
Ohio & Mississippi; 1900 Ontario & West
ern; $4,000 Pacific Mail; 5000 Philadelphia
& Reading; $4,000 Chicago, Milwaukee & ST.
Paul; $500 st. Paul S Omaha; 5000 Texas
s. Pacific; $4,000 Union Pacifc 5000 Wa
bash. st. Louis & Pacific; 1000 Western I'm
ion Te1pUraDh