St. Paul daily globe., 1888-07-28
GERMANiA BANK,
(sTATE BANK.l
E,AID UP CAPITAL, S4O0, 600.
Surplus and undivided profits, S55 200.
ALEX. RAMSEY, WILLIAM BICKEL,
President Cashier.
FINANCIAL.
New York.

New YORK, July 27.-Clearings, $685.
400, balances, "a, $50, ,9S7. Money on
call easy at 1@1I2 per cent. Prime mercan-
tile paper 46l6 per cent Sterling exchange
Sass for demand. The stock market seems
to have fallen into the summer dullness
again, and to-day's transactions We're the
most uninteresting for weeks, the dealings
being on small scale, while the fluctuations
were confined to small fractions throughout
There was small demand for stocks but
there were none pressing for sale. The de-
cision i'll the Iowa case was not regarded
with as much favor as last evening" which
created hesitation and the bears were quick
to take advantage of the utterances of Com
missioner Blanchard in regard to trunk line
affairs and used them in hammering
The news of the day was not of
n character to have any special effect upon
prices and the usual exodus of brokers
from the city to remain over until Monday
was the cause of the lack of llnterest in the
dealings which was so noticeable throughout
the entine day. The foreigners were moder-
ate buyers and with the limited purchases
OF commission houses. furnished the sup
port of the market, while the traders and
bears by the circulation of disturbing re-
ports kept prices down until the last hours
when the general bullish feeling became
more pronounced and the early losses were
generally wiped out land in some cases
fractions were gained. st. Paul and Read
ing were the leading stocks, though the
dealings in both of them were very much
reduced from the totals of the past few days
and their fluctuations were generally
insignificant, neither being traded
in over range of more than one
per cent. The only decided movement of
the day was in st. Louis, Alton & Terre
Haute. which, after selling at 45. dropped to
4212 on very small dealings. Their figures
from London, caused by the decision of
Judge Brewer and the strength of our mar
ket last evening, opened the list from ls@ss
per cent above our last nights prices, but the
market lacked vim and a dropping tendency
soon appeared, and before the close of the
first hour st. Paul and Wheeling & Lake E rie
preferred had lost 7s per cent. All feature
then disappeared from the trading, though a
| slow and steady recovery took place, which
| by p. nj. had brought most of the list about
| up to the opening figures. There was better
| buying in the last hour, however. and more
| animation and many stocks gained fractional
| above their first prices, and the market
| finally closed dull but firm at irregu-
| lar changes of small fractions from last
| nights figures. The railroad bond market
| was quiet, with sales of 81 1872, 600, of which
| S1o6,OO0 were in Kansas & Texas 6s and
| 5000 in Texas Pacific DDS. The Fort
| Worth Denver lists were also prominent
| in the dealings, but the market presented no
| other feature, and while the tone of the mar
| ket was generally firm the final changes were
| irregular, and for small fractions in most
| cases. Among those which are higher Cen
tral Iowa lists gained to S0I5. Cedar falls
| Minneapolis lists l2 to 67 and Fort Wayne
lists 2A to 142. The losses comprise: Indi
| ana, Bloomington Il Western IDS 2la and
| Wabash Dds to 81. Government bonds
| were dull and steady. State bonds were dull