St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-11
Merchants National Bank !
ST. PAUL, MINI.
Capital, $1,000, 600
Surplus & IIndiVidedPrOftS, 900, 900
. ". R. MERRIAM. President.
Oh. BIGELOW, Vice Presiden.
IA. SEYMOUR, Cashier.
6kO. {. POWER, Asst. Cashlei.
DIRECTORS,
FINANCIAL.
New York.

NEW YORK. Aug. 10.-The stock market
to-day was dull and stagnant again during
most of the time, but exhibited considerable
weakness among the leading shares at the
opeuing aud during the early trading. The
feeling on the street was rather more bullish,
but the elimination of large portion OF the
short interest last week and the certainty that
little support of a positive character would
he forthcoming made the bears aggressive
once more and considerable short selling of
Union Pacific, Louisville, Chicago Gas, Bur
lington and st. Paul was DONE The foreign
ers were also sellers of their favoriteS and
this added to the declines of the morning.
The withdrawal of the official assertion that
the Standard Oil combination was not In
terested in the opposition company affected
Chicago Gas adversely, and while there was
no heavy selling of the stock it was entirely
without support and on a comparative light
business it declined nearly per cent While
the syndicate plan for taking care OF the
floating debt of the Union Pacific has met
with some favor and renewed the tears or
many people in regard to the future OF the
property, the very fact that such syndicate
was found necessary is used by the bears
against the stock, and 1t reached lower
price than the average OF last week, display
inc no recuperatiVe power like the other
active stocks when the selling pressure as
removed There was nothing in the news
of the day to cause any movement IN prices,
but the circulation of rumors IN London at
fecting Union PACING led to some foreign sell
ing of that stock. Prices in the other
active stocks were well held, but the general
list was very dull and without feature from
the opening to the close. First prices were
generally small fractions lower than the
finals of Saturday, and the early selling
pressure increased the losses fractionally in
the first half-hour, after which there was
some recovery in all but Union Pacific. The
pressure on the latter, however, settled away
the rest of the list slowly, and later in the
last hour especially, marked weakness was
shown in Louisville Cordage and Sugar.
The market closed dull and heavy at or near
the lowest prices but with most stocks
only slightly changed from Satur-
DAVIS prices Railroad bonds were
quiet and, like the general list
in the share market, listless and without
feature of interest. The list was fairly steady
throughout the day. The total sales reached
S604,00O without special activity. Govern
ment bonds have been dull and steady.
State bonds have been dull but steady. The
Post says: Silver bullion was weak again
under evident pressure. The holders Of sill
yer have, in fact. become somewhat uneasy
over the obvious magnitude OF what broksrs
allude to nowadays as the invisible supply
of the metal. The disposition TO market sill
yer has indeed been so strong as 10 supply to
the government in single week nearly
a half OF its total requirements Tor August.
1t is noticeable, too. that though London
houses have been liberal buyers they will
purchase only on concessions III price ana
withdraw their orders as soon as the Marker
shows an advancing tendency