St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-02
FIN ANClAL.
New York.

NEW YORK, Dec. Money on call active
at SOLO per cent, closing at asked. Prime
mercantile paper, 100 Sterling exchange
dull and weak at 81. S034 for 90 day bills, and
81. S35z for demand. Government bonds dull
and steady. State bonds dull and firm.
Stocks showed a marked decrease in business,
and though the morning hours were con-
tiuuance of yesterdays movement, the after
noon saw q general recovery, and the close
was strong, general, at the best prices of
the day. The trading was marked By much
irregLl arity and some feverjshness, though
the market again showed a strong undertone.
London was a heavy buyer especially in I'm
ion Pacific, which led the market. Reading
recorded a larger number of shares sold,
but the latter is half stock.
Union Pacific was Influenced greatly by the
report of the government directors. The
business in Rea ting was only about half of
that of yesterday, and it fluctuations, though
sometimes violent. were confined within
range OF only per cent. There was more
business in st. Paul and 1t was remarkably
steady when the remainder of the list was
weak, but it also failed to respond to any
great extent to the better feeling prevailing
in the afternoon. Tne coal STOCKS, grangers
and Vanderbilts were comparatively quiet,
except Lake Shore. which was decidedly
strong in the afternoon. Central Pacific SYM
pathized with Union Pacific. and was notably
strong toward the close. Oregon was strong.
market was decidedly strong at the opening,
the general list showing advances of
"A TO "a Hooking Valley was up 81
Union Pacific IL. New England n, and West
Point ga. The opening figures, however,
were not maintained, West Point recorded
drop OF ~ in the first twenty minutes. All
the leaders were prominent in the downward
movement but the market rallied toward the
end of the hour. The early losses, however,
were not made up until well into the fore
noon, the market in the meantime having be-
come comparatively quiet. In the last two
hours prices continued to advance under the
leadership of Union Pacific, and the close was
strong at or about the best prices reached.
Everything on the active list is higher. Union
Pacific being up 80, Northern Pacific l n, Pa
citic Mail ~, and Canada Southern, New
England and Colorado Coal l each. Railroad
bonds were more quiet than for many days;
sales SI,877, 00U. The active issues were
the Detroit, Mackinac & Marquette
land grants, with sales of S273,000,
Texas Pacific income trust receipts, $4,000,
and Erie I'd consols, $134,000. Prices were
steady to firm in the early part of the day.
but yielded materially in the afternoon, final
changes being about equally divided between
gains and losses. The total sales of stocks
to-day were 5S7, 122 shares, including:
Canada South'n. 1885 Reading. ...... $780, ITO
Central Pacific 10. 955 st. Paul. .32, 100
Del. Lack. & W.14,140 Texas s. Pacific. 81, $50
Erie .........2 20, 500 Union Pacific. 1926
Kan & Tex go IL, 1876 Western Union. .19, 740
Lake Shore. III, 29SI North. Pac. pref. 1925
Louis. Il NASH. 49, Or Trans. ...... 1890
Northwestern. 3. 7,0vl 3. g. West Point. $3.50
N. J. Cent. 80 locking Valley. IL, 700
Ohio Il Miss. go. 4, IL