Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-30
YESTERDAYS MARKEES.
An Upward Bound in the Stock Market
with Slight Reaction-Wheat Unsettled
and Generally Lower-Corn and Oats
: Active, Firm and REPRESENTATIONS
Steady.
Eastern and European Markets.

NEW YORK, July 29.-Money easy at 2X@
3 per cent. Prime mercantile paper 3@4
per cent. Sterling exchange, bankers bills
weak at s4.S2A. sighe exchange on New
York, $4.S44.
Dry goods imports for the week, S2,639, 900
Governments strong and q to n per cent.
higher.
State securities dull.
Stocks-The market is generally strong and
higher, but in the early dealings fell off 40
~ per cent. the latter on Missouri Pacific AT
the first board speculation became strong, and
with occasional strong reactions, quotations
moved upward until after the second board,
Memphis & Charleston showing an advance
of 10 per cent, and the general list H@3@
per cent. Missouri Pacific, Wabash, St. Louis
& Pacific, St. Paul, Hannibal & st. 10, Denver
& Rio Grande, New Jersey Central, c. C. g.
g., Lake Shore, Indianapolis, Bloomington s
Western and Pacific Mail were prominently in
the advance. In late dealings the market be.
came weak, and closed at reaction of \ @i3S
per cent, which was most marked in st. Paul
Denver & Rio Grande, Northwestern and Mis-
souri, Pacific.
The Commercial Bulletin says: The i'm
provement in the stock market, which began
yesterday, continued to-day, in further adj
vance of 1855 per cent. for leading, active
stocks, and as much as per cent. for special
ties like Memphis & Charleston. Vanderbilt's
brokers were conspicuous buyers of Lake
Shore, Michigan Central and Canada Southern,
and many rumors were current that the trunk
line war will soon be settled. No one entitled
to speak on the subject could, however, be
found, who admitted anything of the kind.
Gould stocks were prominent in the advance,
and report says that Keene yesterday bega.
covering his short contracts. Although the
short interest has been much reduced the
amount yet outstanding is still large.
NEW YORK, July 29-The Posts financial
leader says: ''Share speculation at the Stock
Exchange, although prices declined in the first
hour, has thus far to-day resulted in higher
prices, and reports are abundant that the diff
ferences between the trunk line railroads will
soon be settled and rates restored. The trunk
line people themselves hold out no hope for a
settlement, but several stock brokers who do
business for leading railroad managers do not
deny these reports, and appear in the market
as BUYERS of stocks, SO that those not in the
confidence of the trunk line managers are not
much confused. But in the meantime prices
advance, and this, too, after considerable
part of the short interest in leading stocks
had been covered The decline in the first
hour was due to unfavorable advices respect
ing the condition of the President.
The transactions aggregated 427 900 shares
Canada Southern 5000; Central Pacific 1000;
Chicago, Columbus g. Indiana Central 5000.
Delaware, Lackawanna & Western $4,000;
Delaware s. Hudson 1000; Denver & Rio
Grande 16,O00 Erie 5000; Hannibal & st. Joe
$500; Missouri, Kansas & Texas 5000; Lake
Shore $1,000; Louisville & Nashville 5000;
Lake Erie & Western 1000; Michigan Central
$1,000; Memphis & Charleston 8, 900; Missouri
Pacific 1850; Chicago & Northwestern
1,SOO; New Jersey Central $4,000; New
York Central 1000; Northern Pacific
90 900; Ohio & Mississippi 1900; Ontario &
Western 5000; Pacific Mail $4,000; Peoria,
Decatur & Evansville $500; Philadelphia &
Reading 1000; Chicago, Milwaukee & st. Paul
% 900; st. Paul & Omaha 8, 300; Texas Pacific
$500; Union Pacific / 400; Wabash, st. Louis
& Pacific $4,000; Western Union Telegraph
Metropolitan Elevated Railway 1900,
Central Arizona 1000; Colorado Coal 2,40O;
Illinois Central 5000.
EVENING QUOTATIONS.