St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-30
New York.


NEW YORK Aug 29.-Clearings, $l17,-
157,56S; balances, $3.50, sos. Money
on call easy at 2l2@4 per cent; last loan,
2I2 closed offered at Dig Prime mercantile
paper, 512@712 per cent. Sterling exchange
quiet and firm at 81. 1894 for sixty,day bills
to-day was quiet and stagnant outside of a
few leading shares, and, while the volume of
business done was moderate, over two-thirds
OF the entire amount was in seven stocks.
These gave what tone the market possessed,
and in them and a few specialties all the
movement in the market was made.
The advance in the rate of dis
count by the Bank of England, though
it was fully expected, caused considerable
nervousness in London, and some stocks
feeling prevailed among the traders here,
which had the effect of opening this market
generally slight fractions lower than last
evenings prices. The declining tendency in
renewal of the activity and strength in the
Northern Pacifics, and the early losses were
generally quickly recovered. The upward
movement of the Northern Pacifics was very
pronounced and was accompanied by several
rumors, none of which, however, were sus-
ceptibIe Of corroboration. Among those
which found currency were one that the
preferred stocks was to be made a four per
cent stock. and that the holdings of
the oregon Transcontinental had been con-
capitalists of the Standard Oil at his back,
and that he would be able TO name the next
board of directors. The heaviest buyers of
the stocks today were brokers who usually
act for the Standard OIL people, and this gave
some appearance of truth to the latter ru-
NOR. The Northern Pacifcs were supplanted
in the afternoon by the Southwestern stocks,
and Atchison and Missouri Pacific made
marked gains on large business. This move
ment was also the occasion of the
10 1a{sn nf md
it was that Mr.. Gould and Mr..
Huntington will, between them, own
and operate Atchison, by the first of the
coming year, but when this met with denial,
it was stated that Mr.. Gould was to go into
the Atchison directory, and that closer re-
Atchison and Missouri Pacific. After these
movements had expended their force, there
was a reaction, but the heavy further accept
ances of bonds by the treasury, stiffened the
market up again in the last hour and the
close was quiet and steady 10 firm, generally
at slightly better figures than those of the
opening. The trusts with the exception of
cotton oil were dull and moved within mar
row limits The final changes are evenly
divided between gains and losses though
all the important ones are in the dl-
rection of higher figures, and st. Paul pre-
ferred and Oregon Navigation rose 2 per
cent, Northern Pacific preferred 112. Missouri
Pacific 1ss, and Atchison and Manitoba per
cent each. There was the usual quiet bust
ness in railroad bonds. the sales aggregating
1891, 900, and the Rock Islands 5s were
again the active specially, contributing
$4,000 to the total. The market was steady
to firm. The important advances were st.
Paul, La Crosse Is, w to III; Northwestern
consos, PIP to lis; Ohio Indiana 4 West
ern frsts, Ia to son. Government
bonds have been dull and heave for the fours
State bonds have been dull and without a