St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-14
FINANCIAL.
NaIU XnrE

NEW YORK, Aug. 13.-Clearings S5S, S34.-
049: balances S3,757 ,466. Money on call
easy at 1902 per cent last loan per cent,
closed offered at 2 per cent. Prime mercan-
tile paper 4Q6l2 per cent Sterling exchange
quiet and weak at 4. S4l2 for sixty-day bills.
4.S7 for demand. The stock market to-day
was quite dull except in spaces. A few stocks
monopolized the interest of the speculation
Excepting one or two stocks the movement
was entirely insignificant, though the absence
of a number of active brokers told against
animation. The news of the day was of
generally favorable character. though Chi
cago being arranged upon the bear side
in stocks, there was a disposition shown
to make the most of the reports of damage
to crops in certain sections. Heavy selling
by Chicago was principally responsible for
the fractional decline in the forenoon,
though the traders lent helping hand. The
buying was by London and commission
houses but there was no progress made until
the selling pressure abated. when on a
smaller business, prices regained the early
losses and something IN addition throughout
the entire list. IN the general list the coal
stocks presented the tirmest front. but the
features of the day were the ad-
late, and in Pullman, which resumed
its upward movement. which has been inter
rupted for some days. The Northern Pacific
group of stocks were prominent for strength
about noon, but in none but Oregon Trans.
continental was the gain made important
The tear pressure, heweyer, soon sagged the
list off. and fractional declines, ranging up TO
IS per cent, were established. The activity
such as it was, ceased upon the cessation of
the pressure, and the market became dull and
somewhat irregular for some time. but toward
noon the Northern Pacific became stronger
and the general list followed slowly.
The upward movement made very slow
progress, but lasted until near de-
livery hour, when the advance was checked,
though the best prices were held throughout.
Consolidated Gas was the feature of the
afternoon, and Lackawanna became quite
strong toward o'clock. The market finally
closed dull and about steady at fractional
advances over the opening figures. The de-
clines are very few in number this evening,
and the advances are generally for small
fractions. The railroad bond market was
fairly active to-day, but outside of the Read
ing issues there was very little animation
anywhere in the list. The movements were
quite irregular and generally for frac-
tional amounts only, the only i'm
portant change in quotations being
in the Hooking Valley bonds which showed
marked strength on light transactions. The
days trading footed up 81, 974, 900. of which
Reading Is contributed S346,OOS, the Sec
ond incomes S251 900 and the first incomes
| S15S, 900. The final changes are irregular
| and the gains include Hooking Valley, the
| 6s to S2H2, Indiana, Bloomington & West
| crn incomes lists to %. Government
! bonds were dull and steady. State bonds
were dull and without feature. The total
| sales of stocks to-day were 16O,375 shares,
| including:
| Del. L. & W. 1880 Oregon Trans. 1926