Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-04-01
Eastern and European Markets.

NEW YORK, March 3l.-MOney active at
| 5@6 per cent. per annum and 1872 per cent.
per day, closing at 5@6 per cent. per
annum. Prime mercantile paper 5@6 per
cent. Sterling exchange, bankers bills firm
at s4.S0M. Sight exchange on New York at
S4.S216.
Governments steady for SKIES, Is per cent.
higher for fives, per cent. for 411as, and q
per cent for fours.
Bonds-Railroad bonds active and irregular.
State securities dull, except for Tennessees,
which were strong and active.
Stocks-The stock market opened irregular,
but became strong in the early dealings and
prices advanced a to 3 per cent, Oregon
Navigation, Chesapeake g. Ohio stocks and
coal shares leading in the upward movement.
At the first board there was fractional re-
action, but during the afternoon speculation
again became strong and prices took an up
ward turn, the market continuing to improve
up to the second board, when the advance, as
compared with yesterdays closing prices,
ranged from \ to 3H per cent, the latter in
Indiana, Bloomington 4 Western. Chesapeake
& Ohio, Hannibal & st. ice, Union Pacific,
CulCuSO, hOCk lSldllu " dClHC duu SiiiSdSoi
Milwaukee q st. Paul were prominent therein.
In the late dealings there was slight reaction,
which was subsequently partially recovered
and the market closed firm.
The POSTS financial article says: The ques.
ton of money for the next four months is no
longer one which has important influence in
calculations respecting the prices of stocks;
=, 1,,;II bo .of 1ou
The other main considerations which have I'M.
portant bearing on prices are, first, the extent
| TO which refunding will increase the demand
for railroad investments, and this will depend
good deal on the treasury programme, anC
second on the crops. There is little doubt
1T winter wheat has been greatly injured by
| the severe winter, but this may be made up BY
the increase in the acreage of spring wheat
| In a word, there are many uncertainties to bt
cooked after, ard of course there will be the
usual amount of Misrepresentation about crops
| FOR the next three months on their final out
turn very much depends, not only SO far as
railroad securities are concerned, but for theii
| influence on foreign exchanges. We, perhaps,
should have said that the winter, as whole,
IS been very expensive one for railroads
| Tie extent to which their net earnings have
oren affected is as yet to be learned. More
| O err, it is known that Vanderbilt is going tc
europe next uOuCu, anu IL 10 ICpoitCu thai
several large spectators will also 60 to be alb
>ent several weeks, if not months, which is OF
consequence only so far as speculative move
ment in the stock market is concerned.
The transactions aggregated 36S,OOO shares
| 5000 Canada Southern; 1900 Chesapeake
.; Ohio; 400 y Delaware, Lackawanna &
Western; 1000 Delaware & Hudson; l7,OOt
D nver & Rio Grande; $1,000 Erie; 10000 Han
nibal & St. Joe: 1000 St. Louis q Iron Noun.
tain; 1900 Illinois Central 1000 Missouri
Kansas & Texas; $4,000 Lake Shore; 4,OO(
louisville & Nashville; 1000 Michigan Cen
tral 5000 Manhattan Elevated; $4,000 Chi
ego & Northwestern; 5000 New York
| Central; 6,UOO Northern Pacific; 5000 Ontario
& Western; 1900 Pacific Mail; "a 900 Chi:
| cago, Milwaukee & St. Paul; 5000 st. Paul
& Omaha; 81 100 Union Pacific: 5000 Wa.
bash. St. Louis & Pacific; 1000 Western I'm.
on Telegraph; 5000 Chicago, Columbus &
indiana Central; 5000 Marietta & Cincinnati
first preferred 10000 Mobile & Ohio; 2,OCC
Chicago, Rock Island & Pacific; 1000 Peoria,
Decatur q Evansville.