St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-12
FINANCIAL.
New York.


NEW YORK Oct. 11.-Money on call is ac-
tive at to 10 per cent, closing at asked
Prime mercantile paper, 4@5 per cent. Sterl-
ing exchange is quiet and weak, and actual
rates are 81 for so day bills and S4.S4 for
demand. Government bonds were dull and
weak State bonds were dull and steady.
Stocks opened active: Pacific Mail was sold
heavily, and the persistent hammering of this
stock finally affected the entire list. The talk
of an opposition line by the Canadian Paclnc
has shaken out many weak holders, who have
been waiting for settlement of the trans
continental difficulties. A report was started
that the labor troubles had extended to the
Erie and the lack Of confidence in favor
able outcome Of the conference OF railroad
officials at Chicago, together with the
rather Disappointing report OF earnings
from their quarter, created a depression
in the market. Later in the day it was an
nounced that there was a brighter prospect
for an agreement at the Chicago conference,
and the market responded quickly. New
England was the strongest stock on the list,
reports of an excursion over the road by
certain officials helping the rise Reading
and Western Union were both extremely
active, although there was nothing of
nature to effect values in eithor of them
There was some activity among the grangers,
but they were heavy throughout. The OPEN
ing was strong, first prices generally show
ing advances of from Is to a percent. over
closing figures of Saturday, although Omaha,
New England and Union Pacific were each
down "A percent. The features Of the day
were New England, Texas and Pacific,
Western Union and Pacific Mail.
They were all strong except the
last, and the general market was
firm before noon, however, it
began to YIELD and Reading became promi-
nent. The decline continued with compara-
tha los
the entire list rallied, and the market closed
firm at irregular changes compared with Sat
urday evening. Declines are in majority
tonight, but with the exception of Pacific
Mail, which is DOWN. per cent, Delaware &
Hudson 15s, and Cleveland, Columbus. Cincin-
natl s. Indianapolis IL per cent, they are
for fractions only. New England is up 1%
per cent. Railroad bonds were less active.
The total sales to-day aggregated S1,569,000,
of which Atlantic s. Pacific incomes furnished
S457, 900. There was very little change in
quotations, but advances predOmlnated.
There was some interest in the Indiana,
Bloomington & Western incomes, and the
Texas s. Pacific Rio trust receipts, but the
remainder were quiet and featureless. The
total sales of stocks to-day were 460,S70
shares, including:
Can. Southern. 81, 1926 Pacific MAIL. 3S, 700
Central Pacific. 3.040 Reading ....... $3.50
Del, Lack s. w. IA, 400 st. Paul. ....... 36,440
Erie. ........... 21,44O St. P. s. Omaha. 4,625
Kas. & Texas. 1850 Texas & Pac... 1850
Lake Shore. SO. q, 90 Western Union. 81, AS
L'ville & Nash. $3.50 Union Pacific. 3,240
Northwestern. $500 Nor. Pac pfd.. 6,905
N. Jer. Central. $50 Or. & Trans. $500
BANK OF MINNESOTA.
Paid Up Capital $500, 900; Surplus $50, 900.
VIM. DAWSON Pres RoBT. A. SMITH, V. Pres
ALBERT SCHEFFER. Cashier.
GIIFILLANBLOCK ST. PAUL MINI