St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-25
BANK OF MINNESOTA,
Paid Up Capital 100000;
Surplus $40, 600.
VIM. Dawson. Pres. Roht. =. Smith, v.
Pres. VIM. Day=t,n. Jr.. Cashier.
FINANCIAL.
New York.

New YORK. Oct Chickering's. S117,7 700
go; balances, S656i.T34. Money on call
easy at 1892 per cent: last loan 1l2; closed
at 1892. Prime mercantile paper, 4S4@
z. Sterling exchange dull but steady at g. 81
for sixty-day bills and S4.S!$l Tor demand.
The stock market, except for few leading
shares. was dull today. and displayed coll
siderable feverishness during the early hours.
while the general tendency of prices was
downward and most of the list this evening
are lower. There was a better feeling this
morning, and foreign purchases aided in Civ
ing the strength displayed at the opening, but
the bears and traders soon began to hammer
the list, and this was kept up without inter
ruption throughout the entire day. though the
prompt absorption of the offerings kept
prices i'll the general list within narrow
limits and no decided movement was made
outside or the Southern stocks, which again
attracted most attention. The declaration
OF the dividend on the East Tennessee first
preferred stock gave an impetus to the stocks
of the Terminal system. and all of them were
strong when the rest of the market was de-
Ginning. though the most marked movements
were in the Richmond d West Point them
selves. On the other hand, the Norfolk &
Western stocks were the specially week spot
in the market and both are materially lower
than last evening, the selling being very con-
spicuous and their activity greater than for
a long time The bears made drive at the
coal stocks this morning for effect
upon the general list, the attack being ac
companied by the story that the companies
were shading schedule prices from zoe TO
soc per ton. but this was atterward denied
when their prices began to move up. Lack
awanna was the special point of attack. and
its price was forced off over Il point in the
early morning. This was about recovered
and attention was given to Reading, which
then displayed some of its pld animation. but
! little effect was made upon it. The grangers
were also attacked in the morning, but the
recent advances in the earnings made them
hard to move, and the attempt was given mp.
There was considerable selling of Union Pa
cific from Boston, that market being hurt by
the passing of the dividend on the Eastern
road. The stock was active. but declined a frac-
ton only The advances at the opening eX-
tended 10 y per cent, but the list gave way
| Immediately. with Missouri, Pacific and
I Terminal preferred in The lead. but were
| soon joined by Lackawanna. There was
| considerable feverishness in the forenoon,
! but the market declined throughout. Some
| recovery was made after noon. but the I'M
| usual weakness in Norfolk d Western again
sagged prices off, though the general list
soon shook off the last-named stocks and
| again made some advances. Reading be-
! came very active at this time, with Erie and
| q few others. In the last hour the market
outside of the Terminal stocks made almost
| no movement whatever, but finally closed
steady TO firm, though generally at
| small fractions below the opening figures
| The final changes are somewhat irregular and
| hlCuuOuu a west IOllb pTeIeTTeu IOSe
| per cent. and Tennessee Coal like amount,
but Norfolk & Western preferred lost 2
per cent. Lackawanna la. and Louisville &
| Nashville and Lake Erie d Western preferred
| l per cent. each. Government bonds were
| quiet and steady to firm. State bonds were
entirely neglected. The railroad bond
market displayed no change in its general
features to-day. being dull and generally
steady, with little or no movement in prices
and no animation anywhere in the list. The
soil of al IN daNy raaphn6 only G0OR
| 600. while the only special fea ture of the
day was the strength displayed by the San
Antonio d AranZas Pass skies of 1886,
which rose LIZ per cent on very moderate
| business. st. Charles Bridge frsts rose to
1n4: Milwaukee, Lake Shore G. Western con-
yertibles lost 2l2 at So. Sales of stocks to-
day were $50, 7S5 shares, including
d. L. d W 80. 2O,374l N. P. pfd...... 400
Erie 100 Reading ........52, 200
Lake Shore 90. 3,40OI Rich. d W p. 80 $50
Missouri Pac 10. 5O0lSt Paul. ..IO,3l2
Northwestern. Ii, rs Union Pacific. .95, 440
n. d W. pfd. IS, 3lOlWestern Union 5000