St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-30
FINANCIAL.
New York.

NEW YORK, Aug 29.-The bank statement
Saturday, while having little or no effect at
the time of the issue, upon further study
shows that the funds of the banks are being
depleted at a rapid rate, and borrowers are
now looking for an almost certain advance
III money rates. This condition was the NOV
ing influence in the stock market today, with
the usual result OF extreme dullneSS in the
market and special activity, accom- panied by
falling quotations, i'll the few stocks in which
the bears were encouraged to attack. Among
those Louisville IL Nashville, Reading, Mis-
souri, Pacific and Pacific Mail followed each
other in order. but, as rule, the losses were
confined to fractional amounts, the last
named bein the only important exception
The bulls in st. Paul were encouraged by
the apparent proximity of a dividend which
hope the statement for July greatly encour-
aged, and that the stock offered stubborn
ally showing gain I2c per cent at one time.
Notwithstanding the severe pressure brought
against Reading. the decided bull talk upon
Lackewanna and Delaware Hudson served
to restrain the selling of the chief member OF
the coal group, and the inconsiderable sue
cess met with led to an abandonment of the
effort after noon. The advance was the re-
suit of the operations of the traders, and
they. taking their cue from the weakness of
Louisville L. Nashville and the indnstrials,
refused to buy, and later sold freely when it
became evident that liquidation by the
cliques was in progress.
In the last hour the bears became more ag-
gresSiye, and tried not only Reading. but the
Louisville, Canada Southern, New England
Sugar and some specialties, all of which
yielded materially, and the lowest prices of
the day were made just before the close.
The pressure upon Reading was severe in
very large figures, in comparison with the
trading in the rest of the market, but Pacific
Mail, which was subjected to severe drive
just after noon. scored the heaviest loss of
the day.
The market closed fairly steady after a
slight rally, but at the lowest prices. The
transactions reached only ,032 listed and
1912 unlisted. Reading contributing 1910.
The Post says: The feature of the day. at
least in f1uctuation of price, was Pacific Mail
which declined ) points from the opening
bid on public announcement that its ex-
elusive arrangements with the Panama Rail
road company were IN danger OF being rup-
lured on account of lack of agreement be-
tween the two.
Total Sales of Stocks
today were 2a7, 1852 shares, including:
Atchison... 49,. S.300IPacific Mail 49,. 1900
Louis Il Nash 10. 90 Reading 90, 500
Nor. Pac. pfd, 3.700ISt. Paul. ........ 500
New England. 6,000lU Union Pacific. 1868
StOcks-ClosIns.
Atchison. 49,. 5sssINat Cordage pfd l2oa4
Adams Express. .141 \. j. Central -. .I3212
Alton e. Terre IL. 33 Norfolk e. W pfd. 43
do pfd. ... $50 North Am. CO.. 1912
American EX... .129 Northern Pacific. goa.
Balti. d Ohio. 967s do pfd. .. 551s
Cauad'n Pacific. ssh Z. p. D. & Gulf. IS
Can. Southern :. 57a4 n orthwestern. .1l65s
Central Pacific. 29l2 *do pfd. i42
Ches. g. Ohio. 25s3iN. Y. Central Ills4
Chicago d. Alton .145 n. Y. & y. Eng Sc Is
c., B. & O.. .10la Ont. d Western. 10
Chicago Gas. 49,. S25s Oregon Imp 49,. 90
Consol. Gas . .11Si2 Oregon Nav 49,. IS
Cg.9C., g. & st. l.. 65s4lO. S. L. & U. NJ. 22I2
Colo. Coal & Iron 37l2 Pacific Mail. 49,. 3)l2
Cotton Oil Cert's. As p. D. d &c.. 17l2
Del. & Hudson. .136l2 *Piltsburg .... 1873
Del, L. d W.. Isl Pullman P. Car .197
D. & r. G. pfd. 4sIa Reading -. 56ls
Distillers' & c. F. 4sss Richmond Ter. sig
East Tennessee. 4l2 do pfd ........... 81
Erie. 2624 Rio G. " estern... "a
QOplQ-.... pft2 90 p1Q. ~
*Fort Wayne .. 1873 Rock Island. 49,. Slls
Great Nor. pfd. 40 +St.L. Is. +. 1stpfd IS
Chi. & E. III. pfd 90 st. Paul ....... sea-
Hooking Valley. 1924 do pfd. 12o
Illinois Central. 991a st. Paul & Omaha. TIE
st. Paul & Duluth 43 do pfd 1902
Kan. L. Tex pfd 26a4ltSouthern Pacific 81
Lake Erie & W.. 1894 Sugar Refinery. .1lt7s
dopfd.. i5ls Tenn. c. & 80. 34l2
Lake Shore. 1874 Texas Pacific 49, 1el2
Lead Trust. 49,. 43S Tol. d o. Cen. pfd. 81
Louisville & N 6S1s Union Pacific. 3Sss
Louisville & Ma 25ls u s. Express. =. SIS
Manhattan Con. 134f4 " ab.. st. l.. & P IL
memphis & Chas so do pfd 49, -. 25la
mich. Central. 100 Wells Fargo Exp.I43
Missouri Pacific 60ss Western Union 975s
Mobile d Ohio. 35I2 Wheeling d L. E.. IS
Nashville & Chat ST do pfd. cocoon. 691A
Nat. Cordage. . 131
sBid tAsked.