Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-01-21

New YORK, Jan. 21.-Money 3@5 per
cent, closing at & per cent. Prime mercan-
tile paper 6@7 per cent. Sterling exchange,
bankers bills steady at $4.83I; on demand,
$4.SS.
Dry goods imports for the week, s., 555, 900.
Governments Irregular and unsettled.
Bonds-Rallroad bonds in light request on a
moderate volume of business,
State Securities Fairly active.
Stocks-Share speculation opened irregular.
The changes, however, were all fractional as
compared with the closing prices yesterday
except for Missouri Pacific, which fell off
per cent. The market, in the early dealings,
sold down 116@1 per cent, the latter for Den
YER & Rio Grande, while Richmond 81 Ale
ghany declined 2Js per cent to 3011. A rise
of A@1A per cent. followed, in which Rich
mond & Allegheny, Philadelphia & Reading
and New Jersey Central were most conspicu-
GUS. In the early part of the afternoon, I'M
der heavy pressure to sell, decline was re-
corded ranging from X to OK per cent, the
latter for Denver & Rio Grande. New York
Central, New Jersey Central, Missouri, Kansas
& Texas, Western Union Telegraph, Texas
ferred were also prominent in the downward
movement. Subsequently the general list re-
corded further decline of 7s@1I per cent,
the latter for Union Pacific but in the late deal
ings the market made rapid advance to the
close, selling up H@33s per cent, the latter
for Philadelphia & Reading. New Jersey Cen
trail, Texas Pacific, Union Pacific, New York
Central, Denver g. Rio Grande, Lake Shore,
Erie and Michigan Central were also promi-
| strong.
The transactions aggregated GAG, 900 shares:
Canals Southern /, 100; Central Pacific 12,200;
Denver & Rio Grande 100000; Erie 81, 600;
Hannibal & St. Joe 1900; Missouri, Kansas
s. Texas l3, 300; Lake Shore 10000; Louisville
| & Nashville $500; Michigan Central $500;
Memphis & Charleston 8, 7U0; Missouri Pacific
1880; Chicago s. Northwestern 6,40O; New
Jersey Central $4,000; New York Central
81, 900; Northern Pacific $4,000; Ontario
phia & Reading 12,7OO; Chicago, Milwaukee
| & st. Paul $4,000; St. Paul & Omaha $500;
Texas Pacific $4,000; Union Pacific $4,000;
| Wabash, st. Louis & Pacific 1900; Western
Union Telegraph az, 600; Illinois Central 2, 400;
East Tennessee, Virginia & Georgia 10000;
Richmond u Allegheny $500
| The Commercial Bulletin says: The chief
interest to-day conferred in the stock of the
Philadelphia & Reading railroad. This was so
not only in the stock market but in the mar
ket for exchange. One brokers' firm, Randall
| g. Wierum, sold upwards of 5000 shares of
Philadelphia & Reading stock, and as it came
out late in the day, for account of agents here
of the McCalmonts. This, it was subsequent
| ly learned, closes out the entire stock of the
McCalmonts, or all that part which they can
sell and obtain legal status as shareholders
| in the company. When this became known
| the stock, which had wavered between 59%
and 61A, suddenly became very strong and in
| the last hour advanced to 63A. 1t is now lit
orally clear that all the McCalmont stock was
| bought by Vanderbilt and his associates, al
| though Vanderbilt may not yet be prepared to
admit the fact. The disclosure of the true
| condition of the situation respecting Phila-
| delphia & Reading stock throws new light on
| the working of the foreign exchange market.
Prime bankers sterling bills advanced 1 cent
| to the pound sterling since the Philadelphia &
Reading election, or to within ~ cents of the
| actual price of the gold exporting point. A
good many people, in the absence of any other
theories, have charged this rise to the stock
panic in Paris, which as yet is for the most
| part local affair, both as respects London
and New York. The true explanation of the
| rise is now clear enough, and that is the re-
mittances to the McCalmonts of the proceeds
of their Philadelphia & Reading stock.