St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-22
New York.

NEW YORK, Dec. 21.-MOney on call quiet
at 10 per cent, closing at 2. Prime mer-
canti.e paper. 4@5. Sterling exchange steady
at S4.79& for sixty-day bills and S4.SS4 for
demand. Government and state bonds were
dull and steady. The stock mar ket offered
some violent contrasts. changing in an hour
from extreme activity to midsummer dull
ness, and from decided weakness 10 great
strength. Nearly half of the days business
was transacted in the first hour, after which
a period of extreme dizziness was succeeded
by a moderately active market, the business
of the day finally footing up fairly large
total. The liquidation of European account
was renewed this morning, but heavy cover
ing of short contracts after the first few
minutes gave
A REMARKABLY STRONG TONE
to the dealing. Liquidation was largely in
dulged in by the Reading pool and in the
early decline that stock was the heaviest Suf-
ferer. The foreign selling, however, was
brought to a close before noon, and the pres
sure being removed, the improvement in
values gained force. The poStponement of
the consideration of the interstate commerce
bill also gave confidence to the buying in The
afternoon. London sod a large number of
active stocks, among which were Reading
Erie Louisville & Nashville, the Vanderbilts
and the Northern Pacitics. Trading i'll the
Changers was confined principally to
active, though the coming sep
aration of the Jersey Central from
Reading had a somewhat unsettlng effect.
The opening was again extremely weak, de-
clineS from last evenings figures ranging
from X to IL. The transactions were very
large and further decline was established in
the early dealings, Reading being conSpicu-
Gus with a drop of IA. The decline was
checked in the first few minutes, however,
and strength as decided as the former weak
ness was soon displayed, material advances
over the opening figures being established III
the first hour. There was dec. ded lull in
the activity shown upon the elimination of
the first advance. and the market became
positively dull in the afternoon, prices re-
manning steady TO firm in the meantime, but
toward q D. IN. the upward movement was
again resumed, accompanied by
A LARGER BUSINESS,
and the market finally closed strong at about
The best figures of the day. Sales, 5G2.207
shares. Reading furnished 120,9C0. Lacka-
wanna So. 455, st. Paul 47.525 and Union Pa
citlc 1850. Everything on the active list
shows a material gain this evening, while
Tennessee Coal is down per cent. Norfolk
s. Western preferred rose 25s, Chattanooga 2,
Lake Shore and st. Paul ia. Delaware s. hud-
son ~, and Canada Southern, Western Union
and New England 13s. The trading in rail-
road bonds somewhat larger and more
widely distributed, the sales being $l,321.-
UUU, Oh WHICH lu0 OGuNGf q H4s' II
furnished S91, 900, Texas Pacific land grant
receipts $4,000. and Erie second cOnsolS
$4,000. There was no special feature in any
of the remainder of the list. Prices sympa-
thized with the movements in the share mar
ket and were lower in tho forenoon, but re-
covered later on. The days declines, how
ever, are in majority. Chesapeake 4 Ohio
currency IS lost rs at 2S$4, St. Paul, Chicago
& Pacific Is to 119. Houston & Texas general
Is ~ to 20, and Mobile & Ohio new 6s to
1897. The total sales of stocks were 500, 107
shares, including:
Canada South II. IL, 200 n. I. Central. 5.2lG
Del. Lack. & w .82,4j5 Pacific Mail. .... S,625
Erie Il, 210 Reading. 120, SEQ
Hooking Valley. $3.50 ST. Paul.. .47.525
Kan & Tex -. 7.420iTeXaS Pacific. 1850
Lake Shore. .....17, GSO St. p. " O....... 5000
L. u s. g. Nash .19, $50 Union Pacific. 1850
Memphis & Char. 5000 Western Union. II, AS
Northwestern. 7,02S North. Pac. pfd. 1887
New Jersey Cen'l $3.50 Oregon Trans. $3.50