St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-29
new York.

NEW YORK, Dec 2S.-Money on call easy
at 306 per cent, closing offered at l per
cent. Prime mercantile paper, 4@5 per
cent. Sterling exchange fairly active at
81. 1891 for sixty-day bills and S4.S3 for de-
mand. Government bonds and state bonds
were dull and steady. The stock market dis
played more activity, Notwithstanding the
fact that the interruption OF telegraphlc
communication prevented the business which
would have been done for foreign account.
Prices occupied a higher range, being gen.
orally firm to strong throughout the day, the
lowest figures being recorded at the opening
and the highest in the last few minutes or
business. The advance was started by the
covering of shorts upon the absence of the
expected London selling. The movement
was accelerated later by the news of the
adjustment of the difficulties between the
Reading company and its employees, which
naturally brought the coal stocks into
prominence, and the three leading stocks
under that head fu rnished over half of the
entire business done, being remarkably
strong and active throughout the afternoon.
ST. Paul was aided by the denial from Chi
cago that there would be any reduction in the
dividend and Union Pacific was strengthened
by statement from one of its prominent d.
rectorS contradictory to the late reports from
London in regard to the collateral trust
bonds. Among the specialties Cameron Coal
and Green Bay were active and strong while
opening was generally steady, first prices
show insignificant changes from last even
ings fina. figures except Pacific Mail which
was up &c, and New York Central &c. The
market was dull although considerably more
active than during the past few days at this
time. Prices were decidedly strong and ad-
vances ranging up to oyer l per cent. which
established in the first hour. Later the
market became dull and featureless and the
movement in prices ceased, but after IL
O'Clock the coal stocks became
prominent and on somewhat better
business prices again advanced. The last
hour saw renewal of the activity and
strength of the early morning, and the
market closed quiet but strong at the best
prices of the day. Sales, 213,9l7 shares, OF
which, Reading furnished 62,350: Lacka-
wanna, $3.50; Jersey Central, l9,050; st.
Paul, 1890, and Lake Shore, 10,995. The
entire active list is higher this evening, the
principal advances being Reading, per
cent: Richmond s. West Point, 11a; Cameron
coal, 81; Jersey Central, 25s; Colorado Coal,
Lake Shore and Western Union, ~ each:
Lackawanna, ~; Hooking Valley, st. Paul
and Union Pacific, 11s each. Railroad bonds
were somewhat more active. Sales, 1862
OOO Green Bay incomes with S147,OOO. and
Denver g. Rio Grande As with $4,000, were
the active issues. Houston Il Texas, western
divisions coupon off, rose 2 to 100, the IDS
81 10 95. The total sales of stocks to-day
were 213,9l9 shares, including;
Del. Lack & W 81, $50 Reading. ....... so, $50
Erie 6, 750St. Paul. ....... 1890
Lake Shore 10, 995 Texas Pacific. 5,2Sj
Louis. & Nash. =. 4,S79 Union Pacific. $500
Northwestern .. 3,046 Western Union. $500
NV Jersey Cen'l 19, $50 Rich. 81 w. p. 1900