Daily globe., 1881-02-07

10 OF lrOm % anu lalcT lei1 10 SO11s Lake
Erie s. Western income advanced to 81 from 70
and then fell to sOX; Peoria, Decatur & Evans
vile frsts, Evansville division, advanced to so
from IS, and DO income to 81 from sO.e Wa
bash, st. Louis s. Pacific, st. Louis division,
firsts declined to 1O95s from 1876 Mobile &
Ohio second debenture to so from 52A Mis-
souri,, Kansas &, Texas seconds to 50% from 81
and later recovered to S1H, and Chesapeake &
Ohio currency skies, which declined to 81
'fror1 81.
State securities moderately active.
Stocks-The stock market was irregular and
unsettled in the early dealings and at the first
board the general list declined 4 @2ass per cent,
the latter in Western Union Telegraph. To-
ward noon speculation became strong and
prices rose 4@34 per cent, Lake Erie Il
Western, Peoria, Decatur Il Evansville and
Western Union Telegraph leading in the i'm
provement. During the afternoon the market
fluctuated with much fever but with narrow
range. In the late dealings Northern Pacific
advanced 211S per cent. and Oregon Navigation
81 per cent, while the general list reacted q
ak per cent, the latter in Chicago, Milwau-
kee e. st. Paul.
The Express, reviewing the week, says the
railway and miscellaneous speculation was
heavy and lowerin the week, prices having de-
clined 1@6 per cent. under heavy selling
movement. Subsequently there was marked
change in the condition of affairs and an ad-
vance of 1@7 per cent. took place, the settle
ment of the consolidation of the telegraph
companies having very favorable influence on
the market for time. The improvement was
lost near the close in some instances, the prin-
cipal weakness having been in granger, trunk
line and telegraph shares. Alton & Terre Haute
preferred and Oregon Navigation were marked
exceptions to the general list; the former fell
off from 1853 to 1895, rose to 140 and closed
at reaction of per cent, while Oregon Navi-
CATION declined from 164 to 1861 and rose to
III. There were also exceptions to the gen.
eral market in the low-priced shares, notably
Lake Erie & Western, Peoria, Decatur & Evans
vile, Ohio Central and Northern Pacific.
Elevated railroad shares were prominent in the
dealings at intervals during the week and were
strong and higher. A noticeable feature of
the week was the large dealings in low-priced
shares, which continued to attract much spec
uliUlFC iulcTcSt. IuUIICullOu 10 uuduc IcIc lO-
day that the New York, Chicago & st. Louis
railroad company has been organized, with a
capital of $16,000,000, of which $4,000, 900
has been taken by a syndicate which has de-
posted 10 per cent of the subscription in
cash. 1t is proposed to- build line from
Cleveland to Chicago, and also to extend the
line from Fort Wayne junction to ST. Louis.
The company has purchased ffty-six miles of
the Wabash canal, which gives it right of
way in Fort Wayne twenty feet broad. The
line from Cleveland TO Chicago is to be
completed this year and to St. Louis by July,
1852. Regarding the extension of the new
road eastward nothing has been decided upon.
The capitalists interested in this new project
are prominently identified with the Lake Erie
& Western, Ohio Central and Peoria, Decatur
& Evansville companies. Mr.. French, auditor
of railroad accounts, maintains that the
Northern Pacific railroad company has right
to mortgage its increased lands; that according
to decision of the attorney general all lands
granted are the property of the company I'M
less Congress should, by special act, declare
them forfeited. Three hundred and seven
thousand two hundred aad twenty-five shares
of Western Union Telegraph stock voted in
favor of, and 900 against the consolidation,
Seventy-four and three-fourths per cent. of
the entire stock was represented. The arrivals
of gold at the assay Office from Europe for
the week ended Friday, were $3.50, 800, all for
eign coin and bars. Total arrivals from Au-
gust 9, 1880, to February 4th, 1881, s69,G25,-
200, of which 900 was American coin
and s63, ,139, 200 in foreign coin and bars. Ar
rivals the same period in 1879 were s73, 49, $50.
Payments on this account by the assay office
S542,279 for the week, and $62, 1893 ,155 since
August 1.
The transactions aggregated 395, 900 shares,
of which 1000 were American Union Tele-
graph: 5000 Chicago, Columbus & Indiana
Central; 1000 Canada Southern; $1,000 Della
ware, Lackawanna Il Western; $500 Delaware
& Hudson; 1880 Denver d Rio Grande; 1000
Erie; $500 Hannibal & St. Joe: $1,000 st.
sas & Texas; $4,000 Lake Shore; 1900 Lake
Erie s. Western; 300 Louisville & Nashville;
1900 Michigan Central 10000 Chicago &
Northwestern; S,7O0 New jersey Central;
5000 New York Central; $4,000 Northern Pa
cific; 5000 Ohio s. Mississippi; 81 600 On
tario & Western; 1000 Ohio Central; 5000
Pacific Mail; 5000 Philadelphia g. Reading;
st. Paul d Omaha; 1000 Texas Pacific; $4,000
Union Pacific; 1900 Wabash, st. Louis & Pa
cific; 81 1000 Western Union Telegraph $500
Peoria, Decatur & Evansville, and LOCO Little
Pittsburgh.
EVENING QUOTATIONS..
GOVERNMENTS.
Coupons, 81. ..1015s New per cents. 1928
New 5s.. 1909 Pacific Us, 'a5.. ..125
New 4xs.....,-112
STATE BONDS.
La. consols..... 81 Virginia 6s, old. 30
Missouri 6s. .110 Virginia 6s, new. 80
St. joe. 5000. 10711 Consols. ........105
Tenn. 6s. DID,. 4SH Deferred..... -.
Tenn. 6s, new. ~
STOCKS.
C. P. Bonds. lis Ohio Cen;ra:.... 81
q. P. Bonds, 1st. 113L{ Lake Erie & W.. 56x 1
.. P. land grant.1134 Ontario & WI. 4Osl
Sinking fund.-. 1863 B. G. r. & NJ. so
Lehigh g. W.....123 Alton & T.. H.. ~
st. P. & S. c. 1st 135 do preferred. .14
G. G. Il. G.. 1st.. 80. Wab. st. L. & p. 81
do seconds. 80. -. do preferred. :. S6%
Erie seconds. -. Han. & ST. Jo... 81 q
Rock Island. -. 99A do preferred. ..lO414
Panamat.... ....2S5X Iron Mountain. 5s5s