St. Paul daily globe., 1886-08-19
II. w. DAVIS & CO.,
CEAL.
New York


NEW YORK, Aug. 1S.-Money on call easier.
ranging from to % per cent, closing at 1
asked. Prime mercantile paper 4@5 per cent.
Sterling exchange dull but steady at $4.S1I
for 60 day bills and S4S3$4 for demand. Gov
ernment bonds we're dull and weak to-day.
State bonds were dull and heavy. Railroad
bonds were quiet and generally heavy. The
total days business aggregates $1,473,0 600.
The market sympathized with stocks and were
heavy and weak throughout. West Shore
frsts furnished S349.000 and Erie seconds
S239, 900 of the total sales, and were the only
very active issues. The trading in other
issues was well though not widely distributed.
Chesapeake s. Ohio southwestern bonds are
down per cent, at 90, Northwestern coupon
gold at 134, Denver & Rio Grande western
firsts n at T715, and the asserted bonds so
at II, Detroit, MackiDaw s. Marquette frsts 4
al II, Erie funded fyes 21s at 91A. Nickel
Plate firsts 3s4 at o. Missouri Kansas &
Texas 1% at "a, Indiana, Bloomington &
Western seconds 2 at So, Missouri Pacific
consols 13A at I125a, Wabash certificates 2 ut
go, and the Chicago fves ~ at 8S1a. The
money market was the chief factor in the
stock speculation to-day. There was also re-
ports of rate cutting In the West received
and the advices from the London market
gave no encouragement to the bulls.
The general feature Of being caught short
Of money induced an unusual demand in the
early hours and an active business was done
IN the lOau CrOWQ ~ OWTo12 per coul LateT
in the afternoon the demand ceased and those
who had borrowed more money than they
needed found no customers for their surplus
and rates fell at the close to l per cent The
only favorable feature OF the morning was
the reported engagements of gold for ship
ment to this country. The marketwas decid-
edly weak in the morning under the great
pressure to sell, and in the first quarter of
an hour Omaha dropped 20 per cent. An
other attack was made on the list in the aft
ernoon in which Lackawanna was the heav-
lest sufferer. The easier rates for money and
the statement that the meeting at Commits
sipner Finks Office was harmonious and had
resolved to restore rates and maintain them
caused general rally, in which Omaha was
very prominent and the market closed firm.
The opening was decidedly weak, first prices
being 1s03sc below yesterdays final figures,
while Louisville & Nashville was off Ac. a
drive was Immediately made at prices
by the bears and everything declined
sharper. This was succeeded by an
irregular and somewhat feverish market until
1 clock, when another break took place and
the lowest prices of the day were current at
2 o'clock, but prices rallied in the last hour,
the market closing firm at quotations. Ev-
erything on the active list is lower tonight
San Francisco preferred is down 1ss, Lacka-
wanna l "a, Colorado Coal 14, Pacific Mail
and Missouri, Kansas & Texas l per cent.
each and others fractions. The market to-
day when active was weak and the firm
periods were accompanied by a moderate
business only. The total sales Of stocks to-
day were 406, T5s shares. including:
Del. & Lack. 6S, $50 Pacific MALL. 9,910
Canada S. ....... 3,O75 P, D. & E...... 1866