St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-17


e. ALBRIGHT Prest. ALEX. RAMSEY Vice Pr
VIM BICKE L Cashier P. NJ. KERsr. Asst Cash
NEW YORK, July 16.-Money on calls easy,
ranging from Il to 2 per cent, closing at IL
per cent. asked; prime mercantile paper, 4615;
sterling exchange dull at S4.S6A for sixty
days and S4.S7% for demand. Government
bonds were dull, but firm with the is strong
and in demand. State bonds were dull and
steady. Railroad bonds were in fair request:
sales, $4,000. The Texas g. Pacific issues
were again a feature, the Rio Grande Is cou-
pom off, selling S1S4. 900 and land grants $751;
600. There is considerable uncertainty about
the doings of the different committees formed
to reorganize the Texas & Pacific road, but
holders of the two active issues mentioned
above feel confident that they viii appreciate
in value, no matter which plan is adopted.
Closing prices generally showed advances.
Houston & Texas general IS are up at 6S,
Central Iowa. Eastern division, 6S are down
3 at 81. Stocks opened with a more de-
cided feeling in favor of higher prices,
more harmonious relations with the Chicago
& Atlantic serving to help the speculation in
Erie. Extensive buying for London account
was also a factor in the rise of the morning.
Sterling exchange rates were reduced on
account of a better supply of bills drawn
against securities largely purchased i'll this
market, but the latter fact was lost sight of
when the market became to heavy to suit the
leaders, and prices were let down toward
midday, the market sinking into the usual
midsummer dullness till Western Union was
again taken hold of and lifted the entire
market following. The weak spot of the
market was Lackawanna which was attacked
from several different quarters at once, and
dropped quickly over per cent. A notice
able feature of the decline in this stock, how
ever, was the small lots traded in. After the
movement in Western Union the market
went along slowly, and closed about steady
1t is largely believed that the shorts were
| materially reduced yesterday, and there were
heavy realization all day to-day, making the
| near future somewhat uncertain. First
| prices were generally 1s0H per cent. higher
than last evenings closing figures, but Erie
was up %, Northwestern % and Reading 81
per cent. Prices fell off generally slight
fractions. Lackawanna was conspicuously
weak, but the decline was soon checked and
rally followed, the losses being generally re-
covered by midday, when Western Union
made an advance, in which the remainder of
the list sympathized, the best prices of the
day being reached near p. III. Later the
market became very dull and shaded off
fractions, closing at irregular changes from
| last nights figures. Closing prices are gen.
orally a shade lower, Erie preferred how
| ever, being up a per cent. The total sales
! of stocks to-day were 239, S42 shares. including
Del. Lack s. W. 30.245N Y. Central. 6,6lO
| Erie ... 30,3S0 Pacific Mail. -. II, O25
Kan. & Texas. 5,435 Reading. ... 1856
Lake ShOre..... 100 st. Paul. "a, 545
| Louis. &NaSh.. 1900 st. Paul&Omaha 3 600
Northwestern. 10. 400 Union Pacific. 1870
n. J. Central. S,73S Western Union. 81 $3.50