St. Paul daily globe., 1888-08-11
FINANCIAL.
New York.

NEW YORK, Aug. 10.-Clearings, 500, 34S,-
725; balance, $4,426, 1872. Money on call
easy at 1Gll2 per cent; prime mercantile
paper, 4Il@6l9; sterling exchange quiet and
weak with actual business at 81. S4l2 for
sixty day bills and $4.S74 for demand. The
stock market day was somewhat of a dis
appointment to the reaCtionists, who were
expecting further impression upon prices
to-day. There was not much feature to the
general list, but the bullish feeling i'll the
coal stocks was communicated to
the rest of the list and served to ad-
vance quotations fractional amounts.
the great demand had been satisfied to get
the market down, and st. Paul was made the
special object of attack, but the results were
not very satisfactory to the bears and sold
out bulls who made the attempt New JERSEY
Central was the great feature of the day, and
again scored a handsome advance, the deal
ings at times being attended by considerable
excitement. Since the statement of Presi-
dent Maxwell the buIish sentiment on the
stock has risen, and the final disposition of
the Lehigh Valley stock has removed
stumbling block from the path of the bulls.
Beside the generally favorable condition of
the anthracite trade is yet an important
factor, and its influence was very marked in
the other coalers. In Lackawanna there
was some cunning for a large uncovered
short interest, and Reading was very freely
taken for foreign account. Reading was
traded in for the first time. eX-assessment.
and nearly one-half of the dealings were of
that complexion. The Grangers showed
some firmness, with the exception Of Bur-
Iington & Quincy, which was quite weak,
losing about two points. The Gould stocks
were again prominent, ana the Wabash be-
came quite active at advancing quotations
while Missouri Pacific mad a spurt of over
a point in the forenoon, though the i'm
provement was not held until the close AS
usual of late. several OF the specialies made
marked advances, bnt Pullman was rather
weak and shows material decline this even
ing. The opening was firm to strong al ad-
yances of small fractions over last evenings
closing figures, and the advance was further
increased in the first hour, with jersey Cen
tral and the other coalers in the lead fol-
lowed by Missouri Pacific. The advance was
maintained up in the second hour when the
gain i'll jersey had amounted to over 2 per
cent, but the additional list advanced only
fractions. The activity then Stacked of, and
before 2 p. m the market was actually dull
while prices sagged off to within small frac-
tions of the opening figures. No further
feature marked the trading and the market
became dull and about steady, SO remaining
until the close. Closing prices show some
what irregular changes, but the great major
Pullman is the only stock which is materially
lower The bond market was again moder-
ately active, with sales of S1,74S, ,00o, to
which the Atlantic & Pacific incomes con-
tributed $4,000 and Fort Worth
& Denver frsts $203,000. The tone
of the market was firm to
strong but the final change show few i'm
portant changes. The leading securities
were features. Alton d Terre Haute divi-
dend bonds rose 2ss to 42ss Government
bonds were dull and steady. State bonds