St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-07
FINANCIAL.
New York.

NEW YORK, Aug. 6.-The stock market
exhibited more than the usual amount of
strength at the opening to-day. Omaha was
taken hold of by the Chicago manipuators
and advanced to 4e$Z, at which point Chicago
was free seller, causing fractional reac-
ton. The Vanderbilts again forged to the
front, advancing about l per cent. before
realizing sales stopped the movement.
Northern Pacific and Union Pacific were
both strong on the fact that congress had
adjourned without enacting any IN
favorable legislation in reference to
them: S. V. White was quoted as
saying that the tendency of the market was
upward, and thatit was useless for traders to
attempt to oppose the plain drift of prices.
There were steady bull points out on Bee line.
The coal stocks were all high, and another
report was in circulation that an advance in
the price of coal would be ordered about Aug.
II. The earnings of the Denver s. Rio Grande
for July showed an increase of $50, 000. Re-
ports from Chicago were to the effect that
East-bound rates from that point were being
maintained and that there was
no longer any fears of serious democrat
ization. Towards the close of the
session, however, the market became ex-
ceptionally dull and heavy. Omaha lost all
of the early advance. The coal stocks were
were the strongest things on the list. The
bull feeling in Texas Pacific again cropped
out, carrying these stocks up to the highest
point of the year. The close in the general
market was easy at concession from the
best prices of the day. At meeting Of man.
ayers of the roads east-bound from Chicago
nothing of consequence was ACCOMPLISHED
and adjournment being taken until after
noon.
BANK OF MINNESOTA.
Paid Up Capital 100000; Surplus $50, 900.
WM. DAWSON Pres RoBT. A. SMITH v Pres
ALBERT ScHEFFER. Cashier.
GILFILLANBLOCK ST. PAUL. MINI
NEW YORK, Aug. 6.-Money on call easy at
21204 per cent, closing at per cent. asked.
Prime mercantile paper, 4@15 per cent. Ster-
Inf exchange dull but steady at Sl84% for
siXt'-day bills and 1885 for demand. Gov
eminent bonds were dull and shade lower
State bonds were neglected. Railroad bonds
were quiet and firm for the general list while
Texas " Pacit1c issues were very active and
strong. Sales to-day, So, ,000 In Texas &
Pacific Rios Coupons Off the business
amounted to 1921 000 There was also active
| trading in East Tennessee incomes, Erie 2ds
Except June coupons), New Orleans Pucifi :
lists coupons Off, Atlantic Il Pacific i'll
comes and Texas y Pacific incomes. The
Rios opened up Il per cent. at 81, advanced
sharply to II, from which they slowly de-
clined to 6o54, finally closing at ga net
gain OF 2 d per cent. The incomes are up
per cent. at 81. and terminals per cent. at
bly, strong, the rs Of 1879 being up 2L per
cent at 1914. Other advances are chiefly for
fractions, The general excellent showing OF
all earnings lately reported, the feeling that
any further damage to the crops is improba-
bic and the the heavy purchases Of securities
in the market for foreign account have
caused general confidence in higher prices
for the Immediate future. The buliish feel
ing was YER pronounced this morning and
there was rush TO buy stocks, and over one
half OF the days business was transacted in
| the first hour, quotations advancing through
out the list. There was no news of import
ance. but the early dealings there was
active trading in Union Pacific, which rose |
per cent, chiefly due TO the adjournment of
congress, which relieves all apprehension of
| adverse legislation. Althou gh the buying to-
day was general, the most pronounced
and the ST. Louis and San Francisco
stocks were prominent for their
! advance made. Nashville s. Chattanooga
and Clevela i'd, Columbus. Cincinnati & In
dianapolis were also noticeable for strength.
| Opening prices were almost Invariably
higher, Western Union being the only nota-
| bile exception. with decline OF a per cent.
! Advances ranged from Is to "a per cent, the
latter in Wabash preferred. After slight
period of heSitancy the market became eX-
| tremey active and strong throughout the en-
| tire list. The activity, however. ended with
| the first hour, as did also the advance in quo
tations except for the specialties. The usual
quiet and steady market succeeded, which
continued until the close of business. Clos
ing prices show advances of fractional
amounts for the active list. -. Louis " San
| Francisco is up ga common l :, Nashville s.
| Chattanooga IL, and Cleveland Columbus.
Cincinnati & Indianapoi,s and Chicago, st
! Louis 4 Pittsburg each l per cent. The total
sales OF stocks to-day were %, l4S shares. in
GLIDING:
| Del. Lac & w. 22,349 Peoria, D. & E $3.50
Central Pacific. 30.0 81. Paul Is. 0O0
Erie ........... 1880 St. 2. Y Omaha Is, $50
kaNS : 6 Tex. 4,GOU Texas Pacific . t. CTS
| Lake SAorc. II Is Union Pacific. Il, 9S5
! Louisv'le&Nash S.9l5I Western Union. IL, $50
Northwestern. Hob Wabash Pacific. 1850
n. ). Central. 3.5l0 N. Pac., pfd.... 1850
n. I. Central. 6,663IOregon Trans. 5000
Pacific Mall. 1860