St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-10
FINANCIAL.
New York.

NEW YORK, Aug. 9.-Clearings, S96.52l,-
275; balances, $3,6l7.572. Money on call
easy at 3@6 per cent; last loan 3, closed OF
fered at 2. Prime mercantile paper, 4s416l2.
S4.S4l2 for siXty-day bills and $4.S7A for
demand. There was more vim to the stock
speculation to-day and the buying was of a
more general nature than during the past
few days. which impaired firmer and more
pronounced tone to the dealings There was
very little news of importance to affect val
ues but the reports from the crops in Hi
nois. the action of the Northwestern
in restoring coal rates between Milwau
kee and st. Paul, and the addi
tonal favorable returns of earnings
were factors in the market to-day,
There was what seemed to be good buying in
the Vanderbilts, Gould stocks and Wizards,
the first of which did much to give con-
fident tone to the buying, and the pools were
all active i'll their favorites, resulting in a
general though moderate appreciation Lon
don had gotten over the influence of the adj
vance in the Bank of England rate, and this
morning was fully up to our figures of last
evening, while our market opened up from
1s to SS per cent. There was better distrib
ution of the business done, though the
special fayorites, such as the Chesapeake d
Ohios, the G. G. @. d st. L. and Lake Erie &
Western maintained their ascendancy in the
dealings and furnished an element of
strength to the rest of the market.
London was again buyer in the early
trading but the speculation received but
little support from the local operators until
we'll into the morning, when Missouri Pacific,
Northern Pacific preferred became especially
active and strong, and were followed later
by Union Pacific. The Gould properties
were features of the afternoons trading, and
the Wabash especially, under the influence
of the very fiattering report of the earnings
for last month made handsome advance.
Oregon Transcontinental also was remark
able for q squirt, which carried it up over l
per cent, and among the other low priced
shares, Southern Pacific. Green Bay and San
Francisco preferred made especially, large
gains on small trading. Toward the
latter portion of the afternoon selling move
ment, which was supposed to emanate from
Chicago, was begun in sugar. trust and the
pressure was lifted only with the close of
business, by which time its price had been
fected to some extent the rest of the market
and concessions were made from the best
prices over the entire list The close, how
ever, was dull but firm at fractional advances
over the opening figures. The only important
final changes among the active stocks was
the loss of 3S4 per cent in sugar. The rail
road bond market was quiet, and the Chesa
peake d Ohio fives and Richmond & Allie
ghany tirsts maintained their lead in
the dealings, the first named furnish
ing SGS6,0U0 out of a total day
bushes of SI.30S,000. The market was
firm. but there was no decided tone TO the
dealings st. Paul gold sevens rose 2 to IL,
Chicago st. Louis d Pittsburg trsts 3 to 80,
and Wabash general receipts 4 to AZ. North
western sinking funds lost at 100. Gov
ernment bonds have been dull and steady.
State bonds have been dull but without
feature. The total sales of stocks to-day
were 400 shares, including: Atchison,
16,TG5; Delaware, Lackawana d Western,
6, 200: Lake Shore, 5,515; Missouri Pacific,
1920; Northwestern, 3,32S; Northern
Pacific 4,o10; do preferred, 20, 1885, Oregon
| Transcontinental, 9.6S5; Reading, 1890;
| ST. Paul. 1880; Texas Pacific, 4,335
| Union Pacific, 1880.
Chicago.
| CHIoLoo Aug 9-Money UNCHANGED