St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-19
FIN a CHAE.
New York.

Special to the Globe.
NEW YORK, July 1.-THE stock market
opened shade lower than yesterdays clos
ing. The weakness was considered due to an
effort to sell on good news. Exchange houses
said that the recent reduction in rates was
wholly due to the scant purchases of securi-
ties for London account. There was very
little change in prices, however, and the
transactions during the early part OF the day
were the ligntest for a long time Omaha
common was sold down q per cent, but
quickly reacted. Northwestern and St.
Paul were, steady. There was some talk
of a revival OF the bull movement in
the grangers, but S. V. White was quoted as
advising against purchases, stocks in his
opinion being quite high enough in view Of
crop prospects and the unsettled condition
Of affairs among Western roads. ST. Paul
earnings for the second week of July in
creased $44, 632. The large increase was re-
garded with suspicion, and the statement was
made that when the st. Paul company had
paid back its rebates on account of business
carried at cut rates, the earnings statement
would show q decrease. More than half of
the trading up to noon was confined to West
ern Union and Lackawanna, both Of which
ruled strong.
THIRD NATIONAL BANK,
Corner Third and Robert streets.
CAPITAL $500 600
WALTER MANN. RICHARD E. SLOWER,
President Cashier
NEW YORK. July 1T.-Money on call is easy,
ranging from n 10 2 per cent. closing at "a
per cent. asked; prime mercantile paper, 4Q5;
sterling exchange dull and unchanged. Gov
eminent bonds were quiet and shade weaker
to-day. State bonds were dull but steady.
Railroad bonds were very dull. Sales, $751;
900. Final prices are generally higher, though
for small fractions only in most cases. De-
frnit and off md
ments are up 2 ct 40. Southern Pacific, Cali
fornia lists, 21S at 1121a; Texas 81 Pacific ter
minals, 2% at 45; Richmond & Allegheny
trust receipts, 2 at II. Denver & Rio lists fell
2 at 121%. The trading In stocks was limited.
The Vanderbilts were unusually featureless,
both Lake Shore and New York Central MAX
ing no change in quotations until in the last
hour. There was almost an absolute dearth
of news affecting values and the only thing
attracting attention was the operations in
Erie and Western Union. 1t is reported that
Western Union earnings are very satisfactory
and that they expect a dividend in January
Erie is bought on the prospects inthe alliance
with Chicago & Atlantic and the present
favorable showing of earnings. First prices
were generally q per cent. lower than last
evenings close, and after a tame and feat
ureleSs opening succeeded tame and feat
ureleSS day. Lackawanna showed some life
in the first hour and advanced 81 per cent,
all of which was retained ut the close West
ern Union moved up slowly. Erie was steady
throughout the day, as was also st. Paul, the
general list being too dull to be anything
else. Norfolk & Western pfd advanced l e from
the opening figures on very limited trading.
and lost only small fraction at the close
The final prices show irregular changes, but
in no case for more than fractions. Pacific
Mail and Erie preferred are up Is per cent.
each. Almost everything is higher, COM
pared with last weeks prices. Norfolk g.
Western preferred is up 2sz, and the common
Ia; Erie 2, and the preferred 81; Western
Union l e: Texas s. Pacific and Pacific Mail
each l, and Lackawanna rs lower. The day S
business amounted to only $4,000 shares, the
smallest day in many months. The total
sales of stocks to-day were 1850 shares, in
Guiding:
d. LIS Western IA, 400 st. Paul. ..... 500
Erie. .......... 13, 900 Texas & Pacific. 4,43G
Pacific Mall. 5,174 Western Union. II, $50
GERMANIA BANK,
Corner Fifth and Wabasha streets. opposite Post
Office.
CAPITAL 100000.
E. ALBRIGHT, Prest ALEX. RAMSEY, Vice Pr.
WIN. BICkE Cashier. P. n. KERsr. Asst. Cash.