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

New YORK. Aug. 7.-Clearings, S102, s06,-
44S: balances, 1859, $50. Money on call
easy at 2l36l3l2 per cent; last loan 3, closed
offered at 3. Prime mercantile paper, 484@
612. Sterling exchange quiet but strong at
S4.S5 for sixty day bills and 81. s712 for de-
mand. The stock market again showed a
loss in the amount of business done, and the
speculation was that degree less interesting
than that of the previous few days. The
market was irregular, and prices at times
sagged off slowly, while the movements in
everything except the few leading shares was
confined TO the smallest fractions and were
generally without special significance. The
belief gained ground that the bull leaders
were DESTROYS of shaking off some of their
too numerous small followers, and during
most of the day did nothing, and allowed
prices to sag under the assaults of the trad
erS. while outside centers were also seem
ingly doing little, though London bought
some of it's favorites. which business, how
ever, amounted to small proportions. The
Chicago people, who were SO lately promi-
nent in the upward movement, were cOnSplc-
uous by their absence, and the realizations
included were sufficient TO check the upward
tendency in prices. The opening was gener-
ally firm. but while Delaware & Hudson was
exceptionally strong, with rise of 81 per
cent in but few cases were the further ad-
vances of any moment. Lake Erie d Western
preferred was feature, and rapidly rose l12
per cent, touching 63I2, and later in the day
rose a more. The Chesapeake d Ohio
stocks and c., C., c. d st. j. preferred
also made marked advances, but outside of
these the market had dropping tendency,
which lasted throughout the forenoon, and
at II o'clock almost everything traded in
was slightly lower than at the opening
After that time there was some support given
to prices, while the selling Stacked off, and
while the market became extremely dull
there was firm tone to the dealings, and be-
fore p. M most of the list reached the
highest prices of the day and were fraction
ally higher than first figures. Considerable
animation was developed in Missouri Pacific
and st. Paul, but the rest of the list were
quiet to dull. There was a renewal of the
selling in the last hour and prices again
yielded, but the tone at the close was firm,
with the dizziness very marked. The
| only really active stocks were St.
Paul, Chesapeake d Ohio and Atchison
! The final changes are about equally
| divided between gains and losses, but are
| usually for slight fractions only, the impor-
| tant advances including Chesapeake d Ohio
and Lake Erie ~ Western preferred is each,
| and Chesapeake & Ohio second preferred
| 1SB, while San Francisco preferred sold off
ls9 Railroad bonds were quiet, the sales
reaching $l305 ,o00 and Kansas & Texas
| 6s contributed 100000, and Richmond &
Allegheny first receipts SlU3,OOO. The mar
ket was generally firm the only feature being
the strength in the Kansas Il Texas issues,
| and the final changes are small and quite
| irregular. Kansas d Texas IS rose to 59l2.
Government bonds have been duh and
steady. State bonds have been dull and
steady. The total sales OF stocks to-day
| were 156,3SS shares, including: Atchison
| 1895; Missouri Pacific, $3.50; Northwest.
ern. 1865; Northern Pacific preferred
| 7,410; Reading, 7,7S5; st. Paul. 5000;
Union Pacific, 1920.