St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-30
FINANCIAL.
New York.

NEW YORK, Dec. 29.-Money on call easy at
sos per cent, closing at per cent. Prime
mercantile paper, 405. Sterling exchange
steady at $3.50 for sixty-day bills and S4.S4
for demend. Government bonds and state
bonds were quiet and steady. Stocks were
active and strong, almost without reaction
from the first few minutes until the last
hour. Foreign houses did very little, but the
delay at the communication with London un-
settled the bear contingent. and the bulls
took advantage of their temporary hesitation
to push prices up still further. This induced
extensive covering of shorts, and in some
few stocks there was good buying for the
long account. half-doZen stocks, as usual
of late monopolized greater part of inter-
est but greater animation was also notfcea-
BILE in several of the specialties. Reading
was the great feature of the day, al
though the only item of interest af-
fecting its value was the statement
that an agreement for an interchange OF
traffic between that line and the Jersey Gen.
trail railroad was in progress of arrangement
Jersey Central was also materially aided by
the same story. Richmond s. West Point
became especially active and strong in the
afternoon under heavy buying. The advance
was accompanied by rumors of new develop
ments in the property. The Vanderbilts were
all sIrong, especially Lake Shore, and the en-
tire active list participated more or less in the
general advance. The opening was irregular,
the changes from last evenings final figures
ranging from % below to p above. There
were a few slight declines in the early trad
ing, in which Reading was prominent, but the
general list was strong and the early losses
were quickly recovered. Before the end of
the first hour advances ranging up 10 Ia per
cent. had been established. This was followed
by period of comparative quiet, accompan-
led by a slight reaction in prices. but before
noon the activity and advance were again
renewed and lasted until after p. m, when
considerable reaction of profits caused
slight decline, and the market closed barely
steady, but close to the best figures of the
day. Sales, 436,523 shares. Reading fur
nj shed 90,325; Lackawanna, 702l6; Jersey
Central, 44,910, and st. Paul. 80, $40. The
active list again shows material advances,
Richmond & West Point being up Az; Lacka-
wanna, 2L; Philadelphia Gas and Central
Pacific, 2: Cameron Coal and Jersey Central,
IL. Railroad bonds also felt the stimulus of
the increased business and the better feeling
prevailing on the street, and were active and
strong throughout the day. Sales. 81, $4,000.
Denver & Rio Grand As furnished S232, 900,
and West Shore As, S156,00O; Jersey Central
debentures rose 81 to S1H; Lafayette,
Bloomington s. Muncie lists 3 to ITO. The
total sales of stocks to-day we're 439 ,523
shares, including:
Canada Southern 5,645l New York Gen.. 4, 40
Del. Lack. & w 1926 Reading. .......4 ,325
Erie. ,2o5l st. Paul. -53,Z4U
Kan. & Texas. 4, $50 st. p. & Omaha. 325
Lake Shore. 80. .16, 060 Texas Pacific -. 6.420
Louis. & Nash. 1910 Union Pacific. .16, 10
Missouri Pacific. 5000 Western Union. .19, $40
Northwestern -. 9,77OlOregon Trans. 1920
NV Jersey Cen'l 81, 910I Hooking Valley. $50
Northern Pac.... 40