St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-28
J. J. WATSON, BRO. & HYNDMAN,
90 East Fourth Street,
REAL ESTATE AND MORTGAGE INVEST
MENTS.
FIRE INSURANCE AGENCY.
FINANCIAL.
New York.

New YORK. June 81 Clearings, s79,963.-
S74: balances, S4,751.S35 Money on call
easy at 1l2 per cent, and closing at 1@1l2.
Prime mercantile paper, 4@6l2. Foreign
exchange dull and barely steady at 81 81 for
sixty days and 81. SSg2 for demand There is
still no change i'll the situation in Wall street,
the public being nowhere visible and the
large professionals holding off until such
time as the financial horizon is clear and
fairly good chance to read the future shall
be given. The room traders at present have
the making of quotations entirely to them
selves, about four-fif,ls of the business re-
corded being for their accounts a great pro-
portion of which is evened up before the
close Of each day. In the present dizziness
most of the operations are made upon the
bear SIDE and the only support to prices is the
covering OF short contracts, the loan market
from day to day. indicating large short in
terest. The transactions are for these rea-
sons small and fluctuations confined within
CORRESPONDENCE limited range. Today's
market presented the usual lack of feature,
and the total amount of business done be-
came still smaller than any previous day this
week. There was some buying of st. Paul,
reported to be for Chicago account but some
upon it and it reacted promptly. The only
distinctive features of the day were the re-
neWal of the advance in Pullman and the
movement in Green Bay, which advanced
about point ON the completion of ar
rangements for building line from Winona
to Omaha under the direction of parties in
terested in Lackawanna, by which the latter
will have a through line from New York to
Omaha. The latter stock, however, failed to
respond to the news in any manner The
temper OF the crowd was quite feverish at
the opening, the traders being divi-
ded, but the bulls obtained the upper
hand, and prices during the first
with Pullman and Green Bay following. The
movement however, was of short duration
and the market quickly subsidized into the
most intense dullness, the sales for the hour
between IL and ~ o'clock, aggregating only
1000 shares. There was more animation
after that time and some pressure was
brought to bear upon St. Paul and Reading,
which slowly sagged off, carrying the rest of
the list with them. After delivery hour, how
ever, there was the usual covering of shorts
and some inside buying of the stocks, which
were recovered before the close, which was
dull but. firm, generally at insignificant
changes from opening prices. Final prices
are almost invariably small fractions
higher, compared with last evenings
figures, and Pullman rose ia per cent
The railroad bond market was quiet but ex-
hibited a firmer front than it has, though the
final gains are in most cases insignificant.
The sales aggregated ST. .066.OOO, which was
very evenly distributed among the issues
traded in. No special feature marked the
dealings. Government bonds were dull and
steady. State bonds were nearly neglected.
The total sales of stocks to-day were "a, 1O4
shares including:
Del. Lack. d W 1925 Ore. Trans. ..... 200
Lake Shore. :. A. 42O Reading IL 100
l.. d N.......2 400 st Paul IS 40
Northwestern :. IS, 40 Western Union 4O65
n. P. pref. ..... 1000