St. Paul daily globe., 1886-07-26
FINANCIAL.
New York.

Special to the Globe.
NEW YORK, July 24.-The market was
quiet to-day, but opening prices were well
maintained Northern Pacific, Louisville &
Nashville and Union Pacific were advanced
from last nights closing prices. Nothing of
consequence was doing in the Vanderbilts,
Western Union or Northwestern, and foreign
ers were reported to be out of the market en-
tieely. The strength of Northern Pacific was
on the story that the company had sold
block of 100000 acres of land at So
per acre. returning S4,000,000 of preferred
stock. Latest advices, however, were to the
effect that the transaction was not entirely
closed yet. In regard to the coal stocks ad-
vices were rather contradictory. Well in
formed operators, however, claimed that the
recent advance in rates would be maintained
in good faith, and that the outlook for good
falls business was decidedly good. Louis
vile & Nashville was bulled on its recent in
crease in earnings and the prospects of better
business this fall. The feeling in regard to
the Changers continued bearlsh and the mar
ket was confined to professional traderS and
in the absence of news calculated to affect
prices, moved very little in any direction.
NEW YORK, July 24.-Money on call easy
1908 per cent; prime mercantile paper, 40
5; sterling exchange dull at $4.S5I for sixty
day bills and $4.S6% for demand. Govern
LuouL JULIUS WcIO uUll duu SItduy. Sldlc
bonds were dull and firm. Railroad bonds
were dull and generally firm; sales, S1,31S,
600. Trading was quiet and monotonous, eX-
cept in Texas & Pacific issues. Some few i'm
portant declines were made. Baltimore &
Ohio, Parkersburg branch, is up l at 126;
Chesapeake Il Ohio, series B, coupon off IA at
rs: Morris and Essex lists l at 143; Indiana,
Bloomington s. Western issues show the effect
of the rumOrs circulated about the companys
affairs and the lists are Az higher at 95; the
2ds at II; the incomes l at rs. and the East
ern divisions 6s 21a at 90; Lake Shore divI-
dend bonds u at 12415; Lake Erie & Western
lists l at 96; Minneapolis & St. Louis 2ds / at
90; Southern Pacific of California lists l at
liz; Wabash Is of 1879 l at so. ThisAvas an
other day in which the absence of most
spectators from the street caused an ex-
ceedingly dull and uninteresting market.
There was little news, but the usual supply of
rumors, some of which were used with effect.
Advices from the West contained nothing but
reports OF damage to the corn crop, while
certain members of the late Chicago party
are quoted as taking very unfavorable view
of the crop prospects in that region and con-
sequently of the prices of stocks. Reading
became strong: the other coal stocks, Sympa-
thizing to slight extent. Northern Pacifics
were again strongest on the list. There were
rumorS af1oat that the Indiana, Bloomington
& Western people hal succeeded in making
compromise with the Cincinnati, Sandusky g.
Cleveland. The market was irregular at the
opening, the principal changes being an ad-
vance of 1a per cent. in Louisville s.
Nashville and 80 per cent. in Della
ware & Hudson. The subsequent trad
ing was extremely dull and uninteresting
throughout, prices being generally heavy
until the close, when there was some little
improvement, the market closing steady.
Finally prices showed insignificant changes
only from those of last evening, declines pre-
dominating. Louisville Nashville is up IA i;
Indiana, Bloomington s. Western, 11s; Con-
solidated Gas shows decline of IL. The
total sales of stocks to-day were 113, ,031
shares, including: