St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-16
BANK OF MINNESOTA,
Paid Up Capital 100000;
Surplus 100000
VIM. Dawson. Pres. Roht. A. Smith, Y.
Pres. VIM. Dawsnp. j.. Cashier.
FINANCIAL
New York.

New York, Nov. 15.-Clearings, 1872 $40
O7s: balances, S4,SlO.SlG Money on call
easy at 1892 per cent; last loan at2 closed
1902. Prime mercantile paper. 434@6l2.
Sterling exchange dull but steady ats .S4ls
for siXty-day bills and S4STS4 demand.
The stock market was less active to-day. and
the speculation was confined more than
usually TO Il few stocks. and while the adj
vance of the past two days was continued in
the forenoon, the advantage was lost toward
the close. leaving the great majority OF the
list fractionally lower than last evening. The
news of the day was generally of an encour
aging character, although there was nothing
definite in regard to the progress made in fix
ing up the several railroad disputes now in
process of adjustment. The street. however,
was disposed TO take Il favorable view of the
situation, and the general feeling was bull
ish. Outside of the professionals there was
little doing. and the movements In the gen
eral list were for the most part without spe-
cial significance, and the more prominent
shares gave evidence of manipulation.
which vas was responsible The for b., their r
the day was New England, the movement in
which was still unexplained but it moved
more III unison with the rest of the list to-
day than for a week past while exhibiting
marked strength. Next in point of interest
came cotton oil which was very active but
lost q large portion of its advance of the past
few DAYS, the pressure upon it being very
marked from the opening to the close. The
proceedings against the sugar trust may have
had something to do with the change in its
temper. but the selling seemed TO be general.
Lake Shore was again weak and with Mich
igan Central. Missouri Pacific and Norfolk and
Western preferred showed the largest losses
i'll the active stocks. Terminal preferred
ana Lackawanna were very strong i'll the
early dealings, but gave way later. and the
general list showed no further feature of
mole. The opening prices were heavy ut
small fractions before the closing figures of
last evening, though New England, excep-
tional, with gain of .9s per cent. The bust
ness done was quiet, and there was an in
clination Of weakness i'll the early dealings.
but the tone of the market soon changed.
and prices under the lead of New England
quickly moved up, and were maintained
during most of the day at small fractions
above the opening figures. No feature
of Importance marked the trading until we'll
into the afternoon, when cotton Oil gave way
and the regular list followed slowly, and bv
q p IN. most of the list had been brought
down again to the level of the opening
figures. There was III ore pressure upon the
list in the last hour and everything traded in
was depressed. The close being fairly active
and weak at the lowest prices of the day.
The entire active list, with but few unlm-
portant exceptions, is lower, though the de-
clnes are confined to fractional amounts
only. The bond market was dull, the sales
of all issues. aggregatinS only S921,-
600 for the day and no feature what
ever marked the limited dealings. The mar
Ket followed the share list very closely, being
firm in the forenoon, but rcacting toward
the close and final changes which are gen
orally for small fractions only are quite ir-
firm TO strong State bonds were dull and
firm. The total sales of stocks to-day were
2I7,5SS shares including:
D. L. x w 49,. JIG, 200 Oregon Trans. $3.50
Erie ... $500 Reading ..53. 700
Lake shore 20, SOB Rich. IL w. P. 1890
Mo Pacific. $500 st. Paul $3.50. 1860
Northwestern. 9,100lUnon Pacific. 1900
n. I. pfd. $50. 9,100jWcstern Union. 5000
&. M. NEWPORT & SON,
Investment Bankers,
f62. 763 and f54 Drake Block. st. Pags
Mina.