St. Paul daily globe., 1888-08-08
j. J. WATSON, BRO. G. HYNDMAN.
96 East Fourth Street,
REAL ESTATE AND MOR RTGAGE INVEST
MEWTS.
FIRE INSURANC AGENCY.
FINANCIAL.
New York.

New YORK, Aug. 7.-Clearings, 500, ,394,-
057; balances, S,693, 1s9. Money on call
easy at 101l2 per cent: prime mercantile
paper, 4l4@6l2. Sterling exchange quiet but
steady at 81. So for sixty day bills, and S4 S7l2
for demand The stock market to-day re-
neWed its advance, and almost everything on
the list is materially higher tins evening.
There was some hesitation in the forenoon,
but later in the day the bullish feeling be-
came more pronounced. aid the upward
movement met with no setback after that
time. London had large number of buy
ing orders i'll this market this morning,
and the traders, upon making this dis
covery, realized on their long stocks and
afterwards made an effort to get the
market down, but the new buying was heavy
and the offerings of stocks very limited, and
they again became buyers i'll the afternoon.
The news of the days was uniformly favora-
BILE, and that from the corn belt was espe-
cially encouraging while the prospects of en-
tire harmony among the trunk lines and
granger roads gave an impetus to the specu-
ton. The bullish feeling ran highest on the
Vanderbilts and several stories were afioat in
regard to negotiations for large blocks of
those stocks, especially Lake Shore, and
while the street believes that it is not clear
that the insiders are buying these stocks, it is
evident that they are not selling and the de-
mand is heavy. Many of the leading stocks
this afternoon sold at the highest price
for months. and Notwithstanding the liberal
offerings at times in several of the leaders,
no marked impression could be made upon
them. LackaWanna was subjected to the
heaviest pressure, and portion of its yeSter-
days advance was lost, but the other coalers
were all active and strong, though their gains
were confined to fractional amounts only.
AS usual OF late, many of the specialues
made sharp advances, and Pullman, Man.
haitian, and Evansville & Terre Haute were
conspicuous. There was moderately active
business at the opening. and prices were from
ls to SS per cent above last evenings figures,
but the subsequent dealings failed to develop
nf M n
cept in certain specialties until after
II o'clock. Evansville & Terre Haute,
Cleveland, Columbus, Cincinnati d
indianapolis, and Pullman were the
throughout the forenoon, but after that the
entire list showed marked strength, and
Michigan Central assumed the lead in the
advance Other stocks afterwards came to
the front, and the upward movement met
with no check whatever, the market finally
closing active and strong at the best prices
of the day. The entire active list. with a
few unlmportant exceptions is higher The
railroad bond market was again very quiet
| and the number of issues traded in unusu-
ally small while they were generally of the
| speculative variety. The sales of all issues
Gny sa99 90 C0 of wheh Erie
| in the list were. quite sluggish. though
the tone of the market still con
| tinued firm, but the only feature of
| the day was the strength displayed in the
luuldLd, bloomington NeSttTu
the firsts rising 4l2 to S9l2, the seconds 3 to
| 81, and the Eastern division sevens to SS.
| Government bonds dull and steady. State
! bonds were entirely neglected. The total
| sales of stocks to-day were 247, PA shares,
| including:
| Can. Southern. S.43SlN. Pac pfd -. 4,59S
| d. l.. g. w.. $500 Reading ....... .3S, 800
| Erie.. :. ..1S, $50 r. & W. P.... 5,425
Lake Shore -. 13, S17 lSt. Paul ...... %, ,079
| Louis. & Nash. 6.030lSt. Paul & o.. $3.50
| Michigan Cen. 3.9l0lTeXas Pacific. Il, ,450
| Missouri Pac... 5000 Union Pacific. 1898
| Northwestern. 3,0SSIW Western Union Is, ,2SO
| n. j. Central. 3.200IW. d L. S. pfd. 1925
| n. Y. Central. 1881