St. Paul daily globe., 1888-08-30
BANK OF MINNESOTA,
Paid Up Capital 100000;
Surplus $780,
VIM. Dawson. Pres. Robt. A. Smith, V.
Pres. VIM. Dawson. Jr.. Cashier.
FINANCIAL.
New York.

New YORK. Aug. 29.-Clearings, SS1 ,279,-
6s3; balances, 81 246,3 Money on call
easy at 1l2@2 per cent. closed offered at 1I2.
exchange dull but steady at S4.e6l2 for
sixty-day bills, and S4S7I2 for demand.
The stock market was more active to-day,
but was feverish. and late in the day weak,
which wiped out most of the gains recorded
in the early dealings and left assmaiority of
the active list fractionally lower than last
evenings prices. The decision of Judge
Fairall against the Iowa railroad commits
sion was regardedas great bull card,
at first, the demand for stocks
was such that prices, with many reactions,
climbed until the last hour. Loudon arbi-
TRACE operators were against the list and
helped to give it the feverish and unsettled
appearance which it possessed during most
of the time, Realizing sales also played an
important part and in the last hour became
so numerous that almost everything was
forced off to below the level of the opening
prices. The coal stocks were again the great
feature, though the decision brought the
grangerS more prominently to. the front.
They were followed by the Gould stocks.
and New England again became active, and
Union Pacific. was prominent especially
late in the day. Lake Erie & West
ern preferred was conspicuous for
strength, but the only marked move
ment among the specialties was an advance
of per cent in Mahoning coal on its recent
heavy earnings. The opening was active
and generally firm, with advances extending
to I2 per cent, but the early trading devel-
oped considerable feverishness, and after q
reaction the losses were made up, Lacka-
wanna being most prominent tor its move
mentS. There was again more animation
toward noon, and Lake Shore came to the
front, while prices began to rise above the
level of the opening. There was another re-
action in the afternoon, but Union Pacific
and afterward Lackawanna and Consoli-
dated Gas, moved up rapidly, which infused
some life into the general list, and the
prices of the day generally were reached
before 2 p. m, the heavy realizing of the
last hour, however, was especially noticeass
BILE in Lackawanna, which was followed by
Jersey Central, Rock Island, Canada South
ern and most of the others, and the gains
were quickly neutraliZed.- The close was
active and generally weak at the figures The
final changes were irregular but generally in
the direction of lower prices, but the only
important changes were gain OF l per cent
in Lake Erie d Western preferred and a loss
of iss in Canada Southern. The railroad
bond market was quiet but with better
while the Readings third incomes contrib
uted 100000 to the days total of 1,221.-
0U0 shares, the rest of the business was more
evenly divided. The tone of the dealings
was firm throughout, but the changes in
quotations were generally for slight frac-
tions. There was a gain of 2 per cent in
Chesapeake & Ohio skies to S1.12l2. Gov
ernment bonds were dull and steady. State
bonds were dull and steady The total sales
of stocks to-day were 254, 250 shares, includ-
ing:
Lake Shore. =. 13, 440l Oregon Transc. 6,402
Louisville & N. $3.50 Reading. 35, ,SS6
Missouri Pacific 1855 st. Paul 20. .92O
Northwestern. IL, 695 West. Union. ii, l67