St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-27
FINANCIAL.
New York.

New YORK, April 26.-Clearings 104, 1885,
$50; balances, So, 759,453. Money on call
easy at lla@212 per cent; last loan Q; closed
offered at 2. Prime mercantile paper, 4l2@
SIP. Sterling exchange dull but steady at
$1.S6A for 60-day bills, and S4.9S for de-
mand. The stock market was again very
active strong to-day, and the result of the
operations is to leave almost everything On
the list materially higher than last evening.
The disposition look for reaction was more
marked this morning than at any previous
time during this week. and the bulls were
free sellers at the opening and much long
stock came upon the market, which made
some impression upon value. But Mr..
Gould was out with an interview in which
he expressed very bullish sentiments,
especially upon the stocks usually coupled
with his name, and new buyers appeared
who took all the stock offered, and the
course of prices was again turned in the up
ward direction, with the Gould stocks all
prominent in the rise, Manhattan especially
advancing very rapidly. Later on the
grangers became the prime favorites upon
the advices from Chicago that the meeting in
progress at that point would probably de-
sented. Burlington & Quincy was very
prominent in the improvement made,
though the greatest activity was
in st. Paul. The attention of buyers
was next turned to the coal stocks and Read
ing in particular, the trading. in that stsck
being very heavy late i'll the day, while it adj
vanced rapidly. The movement extended to
the Northern Pacifcs, and the preferred was
unusually active for that stock. Rumors
were circulated that a settlement of the
difficulties between the Missouri Pacific and
the Kansas & Texas had been offered by the
former, and this helped the early advance In
the Gould properties, both being active and
strong. London was heavy buyer and a
large proportion of the purchases made were
set down to Boston bought by the room, and
= coiI hot tho bQarS PnUprinp
freely during the day. The opening not
withstanding the selling was firm under the
influence of the London quotations, but
prices were irregular and feverlSh, with a
dropping tendency and declines extending
to IA per cent were established. The Gould
stocks early displayed marked strength, how
ever. as well as Northern Pacific preferred,
and the general market soon followed, though
the stocks mentioned maintained the lead
throughout the forenoon. There was less
activity after that time, but the strong tone
of the dealings was retained, and the
Changers assumed the lead and more ANNA
ton was shown as the day wore along. Read
ing came to the front toward the last hour,
but the advance was checked under the
heavy realizations INDUCED in and prices
sagged off, the close being rather heavy at
small contestants from the best figures. AL
most everything on the active list is higher
tonight, though few fractional declines are
shown but Manhatt onpd is g 9 SoI Per
ern Pacific preferred las, Missouri
Pacific and Wheeling & Lake
Erie preferred lls each, and San Francisco l
per cent Railroad bonds were active and
generally strong throughout the day. Sales
81, S67, 900. The Texas Pacific issues were
special features both as to activity and
strength, the Rio receipts contributing S215,-
900 and the consol receipts S12O, 600 to the
days total. Considerable irregularity was
shown, however, in the movements in the
market, and Chicago, Burlington d Northern
fives lost at 90, and Iron Mountain fves 2
at 83. Houston d Texas first certificates rose
to 10Y; Milwaukee, Lake Shore and West
ern Ashland skies GA to 116; Kansas
Texas skies to sc; New Orleans Pacific
transfer receipts to 39l2; Texas Pacific Rio
receipts 3 to 1924; the general receipts 4 to
So. Government bonds were dull and strong.
State bonds were dull and steady. The total
sales of stocks to-day were 417,S20 shares,
including:
Del. Lac. g. w. COG N. Pacific pfd l 8, $3.50
Erie. go. ...17.23O Or. Trans. 49,. ID, 40
Kansas &TeXas 1850 Reading. l16,925
Lake Shore .12.S50I r. d West PIT. IL, 525
Louis. d Nash. 8. 130ISt Paul. ...... AS, 256
Mo. Pacific :. 13, 625ITexas acific. CSC
Northwestern. $500 Union Pacific. 10, 260
n. u W. pfd.. a, 1856 Western Union21 ,655