Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-10-26
Financial and Stock Markets.

NEW YORK, Oct. 25.-Money SOC per
cent. Prime mercantile paper car per cent.
Sterling exchange, bankers bills strong at
s4.S0x. Sight exchange on New York,
81. S4%.
Produce exports for the week, $3.50, 900.
Governments firm, extended IS advancing u
per cent, 4HsX per cent. and As coupons e
per cent; other issues unchanged.
Bonds-Railroad bonds irregular on mod
crate volume of business.
State Securities light request.
stocks-The stock market opened strong
and & to rs per cent. higher, the latter for
Philadelphia & Reading, and subsequently ad-
vanced x to Is per cent. At the first board a
decline of n to IL per cent. took place, in
which Manhattan Elevated and Metropolitan
Elevated were most prominent, which was
followed by recovery of e to 4 per cent.
and later by reaction of Is 10 1 per cent.
Subsequently slight rally occurred but a
heavy tone was soon developed and shortly
after midday prices showed decline of X to
IL per cent, Denver & Rio Grande, New Jer-
sey Central, Pacific Mail and Delaware, Lacka-
wanna & Western leading. During the after
noon the market was irregular, unsettled and
weak in the late dealings, the final sales show
ing decline Of to n per cent. as COM
pared with the closing quotations yesterday,
the entire list participating therein.
The Commercial Bulletin says: The share
speculation started off strong on the supposi-
ton that Gov. Morgan had accepted the posi-
ton of secretary of the treasury and an an
nouncement that the Pennsylvania and Balti-
g Ohio railroads had paph advanced
rates for passenger Tres and freights on all
through business and that the Vanderbilt
roads had followed to the extent of putting
up rates some. There is no concerted action
in this matter and the main points in dispute
between the trunk lines are as far from settle
ment as ever. At least, this is what was said,
although it was added 1t was hoped the action
of the Pennsylvania and Baltimore & Ohio
railroads would influence Vanderbilt to yield.
Later it was said that Vanderbilt would not
be influenced by the action of these COM
panies, but would continue war to the lance
until the other trunk lines agreed to abolish
differental rates. 1t also became known that
Gov. Morgan had declined the nomination for
secretary of the treasury and 1t was reported
that United States Treasurer Gilfillan would be
taken as a compromise between the claims of
the East and West Gilillan is known to re-
gard the reserve in the treasury as too large,
and every shade of the speculative commu-
nifty would be delighted to see him secretary.
In the afternoon it was also reported there was
''trouble in Paris" and that the car had been
assassinated. Naturally enough, the good
feeling with which the day opened at the
Stock Exchange was soon lost and in the after
noon the market became feverish, unsettled
and depressed.
The transactions aggregated 5000 shares:
Canals Southern $500; Central Pacific 6,400;
Chicago, Columbus & Indiana Central 200;
Delaware, Lackawanna & Western $4,000;
Delaware & Hudson 100; Denver & Rio
Grande 1890; Erie $4,000; Hannibal & st.
Joe 1000; Missouri, Kansas & Texas $500;
Lake Shore 81, 300; Louisville & Nashville
1900; Michigan Central 0,700; Missouri Pa
cifc 1900; Chicago & Northwestern 6,10O;
New Jersey Central 1850; New York Cen
trail 81, 400; Northern Pacific 2,SOO; Ontario
& Western 1900; Pacific Mail s,4OO; Peoria,
Decatur & Evansville 1,1O0; Philadelphia &
Reading $500; Chicago, Milwaukee & St.
Paul 12,4OO; st. Paul & Omaha 400; Texas
Pacific 1900; Union Pacific 1920; Wabash,
St. Louis & Pacific 100; Western Union
Telegraph Il 800; East Tennessee, Virginia &
Georgia $500.