St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-04
FINANCIAL.
New York.

New YORK, Aug. 3.-Clearings, 500, Pill
534; balances, S7,o36,424. Money on call
paper, 4W6. Sterling exchange active and
weak, with actTal business at 81. S4s4 for
sixty-day bills and S4.S7 for demand. To-
days stock market was dull and of mega
tive character all the way out, but was rather
heavy i'll the forenoon, recovering later in
the day. The speculation is just now in
waiting conditions, as there has been very
extensive realizing by large interests and
this giving encouragement to the bears,
would-be buyers are for the moment holding
off, and prices drag and fluctuations are con.
most of the list, while the dealings
develop but little feature. Some selling by
the foreigners at the opening this morning
gave the heavy to weak tone noticeable in
the early dealings and this induced some
short selling by the traders who are once
more the principal makers of quotations. The
reports from the West in regard to the crops
were of an unfavorable nature, damage by
heat and storm to the growing corn and
wheat being the burden of most of them and
they had IL Certain influence on the course of
prices, although such advices are now gen
orally looked upon with suspicion on the
street. The Nanderbilts still continue 10 be
the chief bull card. and Michigan Central to-
day made another squirt in the up
ward dhecticn, though it was all over
Improvement afterward lost. The early SELL
ers were covering up after the close, which
changed the tone of the market from weak
to fear, and showed IN some appreciation OF
values but outside of the stock mentioned
above and Il few specialtieS, among which
Minneapolis Il ST. Louis was most conspicu-
Gus, the movements in the list were most in
significant. The declines from last nights
figures at the opening were from Il to So per
cent. the latter in Louisville d Nashville
The list developed strength immediately but
the advances were confined to IL small frac-
ton, except in Michigan Central, which
gained 1l2 per cent. The advance, however
was of short duration, and prices in the gen.
eral list was soon retired to below
the opening figures, but dizziness then
INTERVIEWED, though the tone of the
speculation became stronger and prices
slowly appreciated, though the changes in
quotations were scarcely noticeable. Abso-
lutely no feature of interest marked the trad
ing, and the market finally closed dull and
steady to firm at close TO the opening prices
The final changes are Irregular, and for slight
fractions only. The railroad bond market
was a gain dull, and second only to that of
yesterday III its lack of feature Prices were
irregularly changed within very narrow Inn
its except in Il few stocks, while the only fea-
ture in The dealings was the activity in the
Reading new tours, which furnished S15l-
600 10 the days total of 81 OH, 900 Among
the advances, Denver Il Rio Grande. western
assented, rose 2l2 to 75l2 and Toledo Peoria
were dull and steady. State bonds were en-
tirely neglected. The total sales of stocks
to-day were l20,6S0 shares. including:
Lake shore 1925 Reading Is. 500
Michigan Cen. 1925 X. & W. p 4.47O
Northwestern. 4295 st. Paul 15. 500
n. Pac. pfd -. 1920 Union Pacific IL 2IO
Pacific Mall. 3,s4oWestern Union 10, 1870