St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-18
FINANCIAL,
New York.

NEW YORK, Aug. 17.-Money on call loaned
from to 20 per cent, closing at 1920; prime
mercantile paper steady and unchanged.
Government bonds were dull and steady;
state bonds were quiet and steady; railroad
bonds were quiet and rather heavy. The
total sales to-day amounted to S1,337, 5000.
Dealings in Erie rs were the feature of the
market, and they closed tonight IA per cent.
lower at 994 with sales of 100000. The
only other active issues was West Shore
firsts, in which the sales aggregated 1924, 000
Prices ruled heavy throughout the day, and
final quotations almost invariably show de-
clines, the only notable exception being an
advance of IA in Burlington q Quincy de-
bentures at 1917. but Atlantic s. Pacific firsts
are down to $50; Chesapeake & Ohio, series
Coupon Off 1s9 at IT'S; Omaha consols AZ
at 100; Denver & Rio Grand firsts, ~, at 49,
A recently formed "bear' clique began oper-
atoms in earnest in the stock market to-day.
The principal point of attack was the trunk
lines, and the most was made of the trouble
between the Baltimore & Ohio and the Pen
sylvania railroads, great stress being laid upon
the cut in passenger rates by the former.
The Vanderbilts were the principal sufferers
by to-day's raid, the Changers sympathiZing
to certain extent while the coal stocks dis
played considerable firmness. Many ruled
easy throughout the day until after delivery
hour when the price was run to 20, in which
neighborhood there were more transactions
than on any previous day in which there was
such manipulation. At the samo time q Wig
orous and combined attempt was made upon
the stock market and the entire list yielded
rapidly, the market closing weak. at the low
est figure reached. Operations by the bears
to-day exhibited more system than has been
noted for a long time and the clique was
aided materially by the room traders who are
generally bearish at present. There was con-
siderable disappointment in some quarters
at the statement of New York Central earn
ings for the quarter which was an element in
the meaness OF the market to-day. Prices at
the opening this morning were generally
lower although differences were for q to the
per cent only with the exception of Omaha
which was off N and New York Central d.
There quiet trading increasing hours during
which the market although exhibit
ing mean undertone, did not yield
to any considerable extent. After noon,
however, Union Pacific was broken over l
per cent, and other active stocks fractional
amount. A slight recovery followed on COM
paratively dull trading, but after o'clock
the attack was renewed with double force,
and the entire list yielded in unison until
just before the close, when the pressure was
removed. The market closed quiet but
weak at about the lowest figures reached.
Everything is lower on the active list to-
night, Omaha showing the largest decline,
~ per cent, but Union Pacific and Lake
Shore are each down a. Louisville s. Nash
vile *, Missouri, Kansas & Texas, New York
Central and New York New England each
IL, and Erie, Delaware & Hudson and Con-
sodated Gas each rs, Oregon Transconti-
mental and Canada Southern each per cent,
and others fractions. Some of the special
ties, however. exhibit marked declines, Ore
gon Navigation being down 2s9, Richmond &
Danville per cent. and San Francisco pre-
ferred 1ss per cent. The total sales Of stocks
to-day were 1915 shares, including:
Canada S....... 3,650IN. Y. Central. 1857
Del, L. s. w.. $4,000 ST. Paul. ....... 27,1O0
Erie. .......... 16, 800 Pacific MALL. $500
Kansas Texas 1900 Union Pacific. 16, 40
Lake Shore..... 26, $50 Western Union. 1875
Louisville & N. 3,615iN. P. pfd. 49,. 1905
Northwestern. 1l,7lOl Oregon Trans. $500
N. ]. Central -. 1856
THIRD NATIONAL BANK,
Corner Third and Robert streets.
CAPITAL s5ooGon