St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-04
FIN ANCIAL.
New York.

NEW YORK, Dec. 3.-MOney on call active
at 5Ql7 per cent, closing at . asked. Prime
mercantile paper 4O5-. Sterling. exchange dull
but steady at 4S454 for sixty-day bills, and
1907 for demand Government bonds were
dull but firm State bonds dull and steady.
The stock market again showed a slight de-
crease in the amount of business done.
There was considerable feverishness at times,
but the market was most of tue time steady.
Toe oft repeated story OF the settlement OF
the Transcontnental offices was again circu-
lated and once more denied. The story
found many believers that Richmond West
Point had acquired control of the East Ten
nessee system. This was Officially denied, but
in such manner as to confirm the suspicion
that negotiations to that end are pending.
London was a prominent buyer. of ST. Paul
and Northern Pacific, and the latter was I'M
trading were the Vanderbilt, the
East Tennessee, the Wabash. Reading,
New England and Lackawanha, The last and
New York Central became conspicuous to-
ward the close, and the advance in the be-
New York Central is the outcome. of
lief that the rate of dividends will be ill.,
creased during the coming year, as well as
the fact that it has not responded to the adj
Yances among its kindred stocks The delay
in issuing the reorganization plan has caused
a decrease in confidence i'll Reading and there
was considerable selling to-day, but it re-
cred to the opening price. The opening was
steady and strong. a majority Of the active
list showed advances over last evenings final
prices of u to =, though West Point, New
England and Union Pacific were each g
lower. Prices were firm to strong, West
Point, New England and the Wabash beng
specially noticeable. Later some Irregular
ity was displayed and in the early part of tbs
afternoon prices yielded slightly, while Read
ing was decidedly weak. The market was
somewhat quieter at this time, but in the last
hour q renewal of the upward movement oc-
CURED, New York Central, Lackawanua and
Reading attracting most attention. The
cases at the best prices = OF
the day. The net result of the
days business is an advance of almost ever,j
thing on the active list, Union Pacific, Cen
tral Pacific and Texas Pacific being the only
exceptions. New York Central is up 2$sc.,
Chattanooga 1$4c.. West Point 112c., Lacka-
wanna I$Lc., Northern Pacific common j &c,
Lake Shore 11Ec. and others fractionally.
Railroad bonds were more active and strong.
Erie I'd consols furnished SYl7, 00J out of
total of S2.Si2, 900 with net gain of l per
cent at 10lL; Atlantic and Pacific incomes
furnished $751; 600 and Indiana. Bloomington
Western incomes SI67,000, St. Paul, South
Minnesota 6s gained &c. at lis; Wabash. De-
trOit 6s &c. at S9c.. Lake Erie and Western in
comes lost, AZ at 35. The total sales OF stocks
to-day were 524, 547 shares, including:
Canada South'n. $3.50 North. Pac. prfd. 6,912
Del. Lack. & w. 1870 Pacific Mail.... l2,740
Erie ........2I 410 Reading. ...... 74.S10
Hooking Valley. $500 st. Paul. ....... 1870
Kan g. Tex -. $3.50 St. p. Il O...~ 3, 100
Lake Shore ..26, I42 Texas & Pacific. :. rs $50
Louis Il Nash. 1900 North. Pac. pref 10, l56
MichiganCen. 3.l20 New York Gen.. II, 365
N. J. Cent. II. 200 Wabash Pac. IL, 100
Western Union. $500 Union Pac $500. .3l,2l