St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-28
WOODFORD & HOLBRO0K,
GRAIN G M2RGHASN2s
MINNEAPOLIS, MINI.
FINANCIAL.

New York. Aug. 27.-Clearings S109, 1922
767; balances. S4,9l7.l49 Money on call
easy at 3@5l2 per cent; last loan, 3: closed
offered at 3. Prime mercantile paper, 5l2Q
7I2 per cent. Sterling exchange quiet and
irregular at SISSY for sixtyday bills and
1876 for demand The stock market
was more active to-day and generally
strong tone prevailed, which caused de-
cided and healthy appreciation in values
and in some Of the specialties material gains
There was general expectation that the rise
of Yesterday was to be continued to-day. and
the opening was made at prices generally
from ls to Ss per cent better than last even
ing's figures, but the advances of the
to cause some realizing by the
trading element. and the Western operators
were sellers to limited extent. which
checked the upward movement, and even
brought about slightly lower range of val
ues. There was no news of a character to
have any positive effect upon the market,
and after the selling movement was over the
usual extreme dullness enSued. The North
ern Pacifics. and especially the preferred.
were well held, however, on the prospects
under the new mortgage and the good state
ment of earnings for July. and AtchisOn was
bought for Boston account, being more act
i've and stronger than for some time back.
About noon 1t was announced that over a
million more bonds had been offered at the
sectretary's price. which stimulated buy,
ing. and money, which had ruled
5@5la per cent, eased off. The
market responded Immediately, and the
noon prices were generally the lowest of the
day, and st. Paul. Northern Pacific, both
common and preferred, Rock Island and
Tennessee Goal all became prominent for
activity and strength Rock Island ap-
preached 70 within i Of par bargain on the
feeports of the large traffic enjoyed by that
road. The bulls showed no disposition to
force matters. which were allowed to take
t1,ofr md int 1ISff c
slow and gradual appreciation i'll values
lasting until the last hour, when there was
again n disposition shown to realize upon
the early gaius when the announcement was
large amount of $780,, 600 bonds,
and this stopped the selling, and the
market again became active and strong.
The close was generally at about the best
prices of the day. There were few final
losses but they were for insignificant frac.
is higher this evening, though the aGTances
over last nights figures are for the most part
confined to small fractions Chesapeake Il
Ohio second preferred rvse 1Ss, Cotton Oil
AZ anu ROCK Island lis. The bond fnarke,
was also somewhat more active. the sales OF
| all issues being S901, 600. of which the Rock
| Island fives furnished 1895, 900. The tone
| of the dealings was firm to strong almost
| throughout the entire day, and most of the
| final changes are in the direction of higher
| figures, though the number of issue:
| traded in was small, and the trad
| ing devoid of feature of special interest
| houston & Texas certificates lost 2H4 at 120
| Government bonds have been dull and steady
| State bonds have been dull and steady. Tit
| total sales OF stocks To-Day were 2l5. T6,
shares, including: Atchison, 1915: Della
| ware Lackawanna Western. 1874: Lake
| Shore, 3O75; Louisville d Nashville, $500
| Missouri Pacific $500: Northern. G.596
Northern Pacific. 1880: Northern Pacif
| preferred 81 ,253; Reading. 1880; st. Paul
! "a, Ito; Union Pacific, 6.257.
| Chicago.
1 Curo.ro Auo OF - Money UNCHANGED