St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-07-16
BANK OF MINNESOTA,
Paid Up Capital 100000;
Surplus 500, 900.
VIM. Dawson, Pres. Robt. A. Smith, v.
Pres. VIM. Dawson. j.. Cashier.
FINANCIAL.
New York,

NEW YORK. July 14-Bank clearings to-
day, S97 ,555 400: balances, 81, 1s4, $50.
For the week, clearances, $3.50, 236, 66I;
balances, S2S, 95S.7O2. Money on call-no
loans were made to-day-quoted at the close
at 1QlI2 per cent. Prime mercantile paper,
4@6I2 per cent. Sterling exchange dull but
steady and unchanged. 1t was stated in the
stock exchange this morning that the bears
had sold stocks in London with the view of
affecting the market there, and thus making
lower figures here at the opening The
scheme failed, however. and first prices were
firm to strong. and London sold % stocks in
this market to-day; on the contrary, few
buying orders were executed for foreign ac-
count. The feeling was still bullish and the
same conditions prevailed that made the ad-
vance yesterday, and further gain in quo
tations was the result of the DAVIS
operations, the market closing at about the
highest prices attained during the week
Commission houses still had buying orders
to execute and the market proved strong
from the opening. the first sales being from
l5@l2 per cent above last nights figures
The Vanderbilts became a marked feature of
the dealings, and Lake Shore was specially
prominent, accompanied by New England
and the coal stocks, of which Delaware and
Hudson was specially strong. Most of the
animation was in five stocks, of which ST.
Paul led, with transactions amounting to IT,
800 shares. New England 1870, Lake
Shore 12,349. Lackawanna 1880 and
Reading 10 $50, out of total DAVIS bust
ness of 13s, 1856 shares The advance met
with no setback whatever throughout the
session, and among the specialties Hooking
coal and Richmond and West Point pre-
ferred made important gains. The features
of the general list were New England and
Lake Shore and the movement in the former
was somewhat of a mystery to the street.
though buying was believed to be for Boston
account No further feature marked the
trading and the close was active and
strong at the best prices of the
day. Delaware g. Hudson rose On Burling-
ton q Quincy, Ia; Richmond e. West Point
preferred, rs; the common, lis; ST. Paul,
Ia; Lackawanna & Lake Shore, liz; Mis-
souri, Pacific and St. Paul preferred, per
cent, and others fractional amounts. The
railroad bond market was active and firm to
strong. Texas Pacific I'd incomes were
again very active and contributed S2O4 600
out of the total days business of S959, 900.
Most Of the list show fractional gains Bond
sales for the week, SO, $50, 900, against only
$685., 900 for last week. The sub-treasury
was debtor tto at the clearing house to-day
$l,059, 322. Government bonds were dull
and steady. State bonds were dull and
steady. The total sales of stocks to-day
were 13S, S36 shares including:
Del. l.. d W.. III .9S0lNew England IL, $40
Del. & Hudson 2,66S Oregon Trans. 1878
Lake Shore. -. Il, 439l Reading 1850
Louisville & N. 2,770 Rich. q West P. $500
Missouri Pac... 3,25OlSt. Paul. .......17, 800
Northwestern. 4, 295 Union Pacific. 1875
N. P. pfd....... 2,400I Western Union 1875