St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-13
FIN ANCIAL.
New York.

New YORK. Aug. 12.-Money on call easy.
ranging from ll2 to per cent last loan
closed offered per cent. Prime mercantile
paper 3ls@5lsc- Sterling exchange quiet and
steady: Sl.S6S4 for sixty day bills and SISSY
for demand. In Wall street today notwith-
standing further engagements of gold for
export, little attention was paid to the outgo
If the precious metal. and The decline in sill
yer became the ralying cry of the bears.
Silver has declined steadily for the last few
days and today reached the lowest price
ever known. s.l2c for certificates on the ex
change and S2l2c for bar silver OH the
street The extreme narrowness OF
the market was seen in the fact that, although
there was during the forenoon moderately
active business maintained, five stocks
monopoliZed greater portion OF the trading
ST. Paul, Eric, Northern Pacific preferre d,
Atkinson and Reading The general list was
without special feature at all points. and the
day wore along without material change, eX-
cept i'll the leaders A late advance was spe-
cially notable, however, inasmuch as it was
accomplished on much smaller volume of
business than any previous decline, and
fu!l recovery iii railroad shares was specially
gratifying to holders of securities, as it
was made by no effort to advance the
list. Gains i'll the indnstrials were of an
other character, being affected by mauipu-
latlon of the professionals without news of
any kind 10 affect those shares
The bond list on the whole was quiet TO-
day, but without special feature. other than
that mentioned and the rapid movements
among the Minneapolis d ST. Louis issues.
The market finally closed dull but firm at the
rally, most stocks showing slight gains over
me prices OF last evening, while COrdage rose
15sc and Manhattan and Lackawanna each
per cent the only marked exception to the
rule being loss of per cent in Minneapo-
lis q st. Louis on realizations. Sales of
bonds Sl.1l2,0 600.
The Post says: That the silver imbroglio
has some connection. both passive and active.
with kurope's attitude towards our market
cannot be doubted. PEOPLE have not noticed
that silver bullion certificates have sprung
Into spaSmodic activity on the stock ex-
Change Immediately after the extinction of
such trading had been pointed out in the
press. But this weeks silver trading has
been OF very unusual character 1t is IN
mistakably in the nature of a bear movement
against the metal. If indications are to be
believed, the certificates being sold here for
The account of London syndicate which
is heavily short of rupee paper. To
break the price of silver in such market as
our own. requires no great genius; yet if the
London price follows the New York price
down, rupee paper must necessarily decline
along with il, giving the London bears
chance to cover in Indian exchange. This is
what the trade would call very pretty spec
ulative operation. but it must have damag-
ing results OH India, and not INF robably on
the foreign interests in our market as we'll
Total Sales of Stocks
today were LAC, 6S0 shares, including:
Atchison 49,, ...2I, 400ISt. Paul .13, 944
Erie. -. $780,. 9.00dI Union Pacific go 1900
North. Pac pfd II. 100 Western Union. $500
Reading. ,5OOI