St. Paul daily globe., 1886-10-14
NANCEAL..
New York.

NEW YORK, Oct. l3-Money on call active
at 2GT per cent, closing at l asked; prime
mercantile paper, 445. Sterling exchange
weak and unsettled, actual rates Si.S04 Tor
sixty-day bills and sissy for.demand. Gov
ernment bonds were dull and steady. State
bonds were dull but strong. The temper of
the stock Spectators underwent sudden
change to-day, and instead OF the hesltancy
and caution lately displayed there was rush
10 buy for both sides of the account. The
first great cause o. this was the change of
front by the Chicago people, and the news
coming from that direction was almost all of
a favorable character, and this induced free
buying of the Grangers from all directions.
London was Il buyer ali day long, its special
favOritieS being Lake Shore, ST. Paul and
Louisville s. Nashville. The entire list par
ticipated in the upward movement, which,
however, was subject TO frequent
reactions, but the buying in the
last hour was heavier than at
any previous time during the day.
ST. Paul became the favorite, being bought
by both London and Chicago. Pacific Mail
made d handsome advance OH the statements
made showing the state of the company's at
fairs The official announcement of the new
right on Missouri Pacific was made to-day,
which helped the stock materially The great
features of the DAYS transactions, however.
was the sudden advance i'll Manhattan Eie-
waited in the last hour from 14754 to l6O4-
The buying was done by specialists and was
accompanied by a rumor that the Manhattan
people had secured control of the New EnS-
land Nickel Plate stocks once again very
active aud strong, with the usual story of
settlement with the Lake Shore. The VAN
derbilts were all more active and strong.
The money market ruled easier and further
drop in the sterling exchange rates occurred,
which had favorable effect upon prices
The opening was strong and active, advance
ranging from a to %, Lake Shore, New York
Central and Omaha showing the greatest ad-
vance. The trading i'll the morn
ing hours was active and prices
advanced almost without reaction until
noon, when Lake Shore, Pacific Mail, Canada
Southern. ST. Paul, Michigan Central and
Nickel Plate had made conspicuous gains.
somewhat less active and feveriSh market
succeeded until the last hour, when the gen.
eral rise was resumed, with Manhattan as the
chief feature. There was no stay to the rise
until the close, which was active and firm at
the best prices of the day. Sales, 524, 794
shares. st. Paul contributed 1920, Pacific
Mail 3S,605, Lackawanna 1920. western
Union, Lake Shore, Reading, New England and
Northwestern came in the order named. Not
q single active stock shows decline tonight,
and gains range from q to 21s on the general
list. while Manhattan is up IL per cent. Other
notable advances are Michigan Central rs,
Northwestern 20, st. Paul and Nickel Plate,
amounts; the great majority were per cent.
Railroad bonds were without special features.
Sales, 81, 744, 900. Atlantic s. Pacific incomes
furnished S24O, 900, Erie funded SIS S194,G00,
and Indiana, Bloomington western incomes
Sl3O,O0O Prices were firm, especially in the
afternoon, and final changes are almost in
variably in favor of higher prices. Missouri
Pacific consols are up 2 to III; Shenandoah
lists to S5, and the general IS ~ to &c.
Toledo, Peoria s. Western trust receipts to
lO5, Wabash convert bles 3 to SO. The
total sales of stocks to-day were 524, ,794
shares, including:
Canada South'n IL, ,S55 n. Jer Central. IL, $50
Del, Lack wv. 81, ,220 N. Y. Central. 3,112
Del. & Hudson. 4,30S Ohio Miss. $3.50
Erie 15 no Pacific Mail -. 3S, COS
Kas. & Texas. 2l, 500 Reading. ........ 21,34O
Lake Shore. 29, 426! St. Paul. ....... 99,255
L'ville & Nash. Ii, ,005 St. Paul s. o.. 1920
Mich Central. 1925 Union Pacific. 1920
Manhattan Con- 6,225 Western Union. 29, $50
Missouri Pac.... 4,525 n. 2. pfd. 800. 4,41S
Northwestern. "a, ,535
THIRD NATIONAL BANK,
Corner Third and Robert streets.
CAPITAL s500.00l
WALTER MANN. RICHARD e. SLOWER
President Cashier