St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-21
New York.

New YORK, Aug. 20.-Clearings, SIS, 49,
643: balances, 50, s25, 312. Money on call
easy at LAP per cent last loan 1I2 per cent;
closed offered at 1l2 per cent. Prime mer-
camille paper 4l2Gl6l2 per cent. Sterling eX-
change dull but firm at S4S414 for sixty-day
bills and S4.S74 for demand. The stock
market to-day was dull except for leading
stocks. but was generally strong during most
of the time The interest i'll speculation was
monopolized by six or eight stocks, while the
remainder were dull and generally with
small fluctuations of little or no significance.
There was a better feeling among the com
mission people on the street this morning,
and the news from the growing crops was
of the best character, which had the effect
of opening the market up from lsc to
SO per cent with New England exceptional
with a gain of "A per cent. chicago was a
seller however. and the traders started in
with that interest 10 bring about further
reaction. and in the early trading they did
succeed in knocking off quotations from "A
to "a per cent, the latter III Missouri Pacific.
London was moderate buyer, however, ana
there was fair number of buying orders in
the market in the hands of commission
houses which served to check the decline
Eefore the end of the first hour. 1t soon be-
came evident that the Chicago people were
running on their shorts and The traders
soon followed. which gave for the
time buoyant tone to the DEAL
ings and the rise inaugurateG lasted until
l 80 D. M 1t was said on the street that
10000 shares of st. Paul had been called in
for shipment to Europe. and as 1t became
evident that last weeks reports OF damage to
the crops had been grossly exaggerated.
more bullish feeling developed among the
traders and the grangers Immediately be-
came prominent in the rise, Burlington d
Quincy leading with n gain of over 2 per
per cent though a portion of 1t was lost In
the late dealings. There was little more
animation after noon, when the coalers and
the Gould stocks came to the front and
Western Union and Missouri Pacific were
specially active. which was in som directions
regarded as at least significant. The
improvement was also helped by. rumors of
a combination having been formed 10 protect
the market against further attac ks and TO sus-
tain some OF the leading stocks i'll particular,
but the buying Stacked off toward 2 p. m.
though after slight reaction the best hgures
were again approXlmaled and thereafter were
well maintained. No further feature marked
the final transactions and the close while
dull was firm at or near the highest price of
the day. The final changes are almost in
variably IN the direction of higher figures
and the active list shows material gains
throughout. The railroad bond market was
dull, the only animation noticeable
| being in the Reading issues and the fiuctua.
tons unusually narrow. The tone of the
dealings was firm throughout. but the final
changes i'll all except a few isolated cases
are for insignificant fractions only The
total sales amounted to 1851, 900, but the
only marked change was an advance of one
in st. Louis d Cairo Is to 73. Government
ponds were dull but firm. State bonds were
entirely neglected. The total sales of stocks
to-day were III, 277 shares, including:
Del. L. & W.. %. 170l Reading % 74O
Erie -. ...... 4, loo st. Paul. ...... 80, 500
Kan d Texas 1,0iO Texas Pac.. ). 100
Lake Shore.... $3.50 Union Pac. $3.50
| Missouri p. 500 Western Union12 3SS
Northwestern. 300