Daily globe., 1881-03-18
Eastern and European Markets.


mercantile paper sos per cent. Sterling ex-
change, bankers bills firm at $4.sO%.
Sight exchange on New York at $4.s2%.
Governments firm and 11S@A higher for ~
and IL.
Bonds-Railroad bonds generally strong.
State securities fairly active.
Stocks-The stock market was irregular but
in the main lower until afternoon, when specu-
lation assumed stronger tone, the market
closing firm, with Canada Southern, Mobile &
Ohio, Delaware, Lackawanna & Western and
Illinois Central showing good advance from
the opening figures. The market was devoid
of animation and outside orders more limited
than of late, much of the business being con-
fined to room traders. American District Tele-
graph was exceptionally weak throughout and
in the last hour fell to 63, having sold as high
as SO; the closing price was g..
The Commercial says: The large operators
are passive spectators, apparently. w. II.
Vanderbilt sails for Europe April IA, and Jas.
R. Keene is going abroad the latter part of the
same month. This is considered as an indica-
ton that the market will not feel the influence
of their support for some time. Information
was received from Washington that there will
be an extra session of Congress. The effect
of the call for an extra session is variously es-
timated by operators, many thinking it would
have depressing influence, while the Gould
people claim it would have favorable effect
The Graphic says: Gould and Sage con-
tinue bullish on Southwestern stocks, but the
bears declare they are not buying them at
present. Mobile & Ohio issues were in good
request throughout. All the coal companies
have agreed to work on half time next week
and also the following week, and to maintain
prices throughout the season. The earnings
of the Chicago, Milwaukee q st. Paul railroad
decreased 81 900 the second week of March,
and those of the Chicago & Northwestern
81, 400 in the same period. Illinois Central ad
vanced on prospects of an early adjustment of
the financial affairs of Its New Orleans road,
it being the intention of the Illinois Central
railroad to reduce the interest charged on that
branch.
The Post says: Respecting the reports
floating about to the effect that the treasury is
negotiating with influential bankers for the
sale to them of S104 900 900 Of per cent.
bonds, authorized but unissued, our informa-
tion to-day is that Secretary Window declines to
consider the subject of the sale Of these bonds
until it has been definitely settled whether or
not there is to be an extra session of Con-
gress.
The transactions aggregated 33s,0OO shares;
8, 800 Chicago, Columbus & Indiana Central;
$4,000 Canada Southern; $4,000 Chicago, St.
Louis & New Orleans; 1000 Chesapeake &
Ohio; 7,00O Delaware, Lackawanna & West
ern; 7,400 Delaware & Hudson; 6.20O Denver
& Rio Grande; $4,000 Erie; 5,400 Hannibal &
st. Joe: 1000 st. Louis & Iron Mountain;
1000 Illinois Central; $500 Missouri, Kansas
& Texas; $500 Lake Shore; 1900 Louisville
8 Nashville; s,7o0 Michigan Central; 1000
Chicago & Northwestern; $500 Nashville,
Chattanooga & St. Louis; 5000 New Jersey
Central; 1900 New York Central; 3,4OO
Northern Pacific; 5000 Ohio & Mississippi;
5000 Ontario & Western; 1900 Ohio Central;
81, 900 Pacific Mail; 1890 Philadelphia &
Reading; 27,000 Chicago, Milwaukee & St.
Paul; 1000 st. Paul s. Omaha; 2,400 Texas
& Pacific; 1900 Union Pacific: 7,70O Wa
bash. st. Louis q Pacific; 1880 Western en-
ion Telegraph; $4,000 Mobile & Ohio.