Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-05-26

from (St3, anu 'OutSdpeahe " OulO CuIIcuCy
skies to 6jA from 651S. Chicago, Milwaukee
& St. Paul common frsts advanced to l3l
from l271s; do consols 10 100 from 1855. and
Union Pacific sinking fund and New York Ele-
waited Fights to 126 from 125.
Stocks-Stock speculation opened generally
strong and higher and alter fractional decline
assumed strong tone and an advance of to 4
per cent. was recorded, in which Lake Erie &
Western, Northern Pacific preferred, Chicago,
Milwaukee q st. Paul, Union Pacific and
trunk line shares were most prominent. This
was followed by reaction of e to TX per
cent, the latter in Lake Erie & Western. The
depression was of brief duration and prices
again took an upward turn, Chicago, Mlwau-
kee & st. Paul preferred selling up 81 per
cent. and the general list Is to per cent. The
dealings were ON a large scale and at times at
tended by considerable buoyancy. 1t is gen.
orally expected the price Of coal will be adj
vanced at conference to be held to-day or to-
morrow. Chicago, Milwaukee & st. Paul was
higher on the revival of rumors regarding a
scrip dividend. The great advance In Boston,
Hartford & Erie bonds was assisted by the
failure of Boston banking house a short
time since with 100000 of these securities,
which had to be borg ht in. The messenger
of Tigheman, Roland & Co., brokers, 81 Ex-
change Place, lost certificate No. 2,033, for 100
shares of Cleveland, Columbus, Cincinnati &
Indianapolis railroad company's stock. The
firm caution the public against negotiation Of
the same, as their transfer has been stopped.
The certificate is in the name of E. B. Hale
& Co.
The Public says: Last week the strong up
ward movement in the stock market continued
and the general reaction, which many expect
ed on Monday and Tuesday, did not come
Prudent men, when asked for explanation of
this long continued advance, answered VIM
dom and Europe. There is large buying on
account of former holders of government
bonds who have sold out in order to escape
reduction of their yearly interest to 81 per
cent, and there is also large buying on ac-
count OF foreign investors. The exchanges
for the week ending May 81 have hardly ever
been exceeded In the third week of January
and first week of March the amount was little
larger, but in each of these weeks the ex-
changes outside of New York were smaller
than they were last week and transactions
at New York were smaller by much larger
dealings in stocks in the first week of the
year, with extraordinary annual settlements.
The amount of exchanges was substantially
no larger than last week, although the amount
outside of this city was greater, while New,
York and Boston are the cities which show
the largest increase. In comparison with last
year the returns show some increase, greater
or less, at every city in the country, and in this
respect are unusually encouraging. No one
can examine these reports without concluding
that the commerce and industr, of the coun-
try are, on the whole, more prosperous than,
er before. There is considerable speculative
activity, out on the whole less than there was
at this season last year, and in the stock mar
ket much less, although prices are now adj
vancing more rapidly than they were then de-
clining. The exchanges, exclusive of those
arising from stock transactions, have never
been exceeded except in the first week Of the
year and in some degree ut other cities. The
amount has been swelled by the enormous
transactions in government bonds during the
past week, but the largest possible allowance
on that account leaves a great in
crease IN comparison with the corresponding
week last year in payments arising from inter
change of products. Prices have not been I'M
duly inflated this season, but are perhaps
about as high as at the end of May, 1880,
after rapid decline, which had then con-
tinued nearly two months. The returns of rail-
read traffic and trade, reports of the move
ment of leading products indicate that the in.
crease in Quantities transported ana transferred
is at least as large as the increase in values
paid. No sign of disaster appears in any
branch of business, and outside of the Stock
Exchange 1t will not be denied that business
is in a healthy condition.
The transactions we're as follows: Chesa-
peake & Ohio 1890 shares; Canada Southern
$500; Central Pacific 1900; Cleveland, Col
umbus, Cincinnati & Indianapolis 2, 100; Chi
cago, Columbus & Indiana Central 10000;
Delaware, Lackawanna & Western 81, 900; Del
aware & Hudson 2,6OO; Denver & Rio Grande
1,10O; Erie 1900; Hannibal & St. Joe 5000;
Houston & Texas Central $500; Indiana,
Bloomington & Western 1000; Missouri,
Kansas It Texas 1900; Lake Shore $1,000;
Louisville & Nashville 2,30O; Lake Erie s.
Western II 900; Michigan Central $1,000; Mo-
bile & OHIO 1880; Memphis & Charleston
$500; Chicago & Northwestern 5000; Nash
vile, Chattanooga & st. Louis 5000; New
Jersey Central 1000; New York Central
1900; Northern Pacific 81 600; Ohio & Mis-
sissippi 5000; Ontario & Western $500;
Ohio Central $500; Pacific Mail $500; Chi
cago, Milwaukee & st. Paul IS 600; St. Paul &
Omaha {, 900; Sutro Tunnel $500; Union Pa
cific $4,000; Wabash, st. Louis & Pacific
6,7OO: Western Union Telegraph 10000; Texas
Pacific 100; Chicago, Rock Island & Pacific
1900.