St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-21
j. J. WATSON, BRO. & HYNDMAN,
90 East Fourth Street,
REAL ESTATE AND NOR TcAGE INVEST
MEHTS.
FIRE INSURANCE AGENCY.
FINANCIAL.
New York.

New YORK, Dec. 20.-Clearings, 81 l9, 92S,-
937;. Balances, 81, 664, S75. Money on cali
easy at 3lsGl4 per cent; last loan 3l2 closed
at 3I204. Prime mercantile paper, 5@6l2.
Sterling exchange dull but steady at 81. S4l2
for SIXTY day bills, and 81. ssl2 for demand.
The stock market outside of the coalers and
grangcrs was very dull to-day, but the ami
nation in these shares ran the total of shares
sold up TO something over those OF yester-
day. The tone of the first was Iererish and
unsettled, Prices fuctuating within any mar
row limits and finishing within slight frac-
tons of last evenings figures. The coal
stocks however, were the strong feature,
while The grangers were weak. The former
were influenced by the excellent buying
presumably for the insiders aud the new
bun combinations which have lately formed,
while the CHANGERS felt the influence of the
slow progress in fixing up matters at Chi
cagO, and so became an easy prey TO the
bears. The Rock Island dividend matter
also had its effect upon them, but when the
final announcement was made that the ex-
pected reduction had been made II was found
10 have been fully discounted, though an
other drive at Omaha met with considerable
success The news of the day was or a mega
tive character and the market is still waiting
for the final outcome of the negotiations at
Chicago. ns well as the settlement of the
Southern railroad muddle, and whatever
strength is shown is due to the influ-
ence of the heavy buying of the eoalers.
bullish this morning, and while there was
no disposition TO trade. no long stock came
out even i'll the raids of the bears and the
general improved feeling on the market was
sufficient to keep prices up 10 the level of
lnsI nights figures throughout the day. The
opening was made at advances which ex-
tended TO l2 per cent, but the animation
shown was entirely confined TO the few lead
ing shares The pressure on Rock Island
caused a reaction in the whole list, but the
To-. til
ket and brought prices, and in most cases
above those of last evening. The strong tone
continued throughout the forenoon, when,
outside OF the grangers, the only weak point
was Chicago Gas trust, which broke per cent.
After that me there was more pronounced
advance in the coalers, but the general list
felt the effects of the reduction of the divi-
dcnd on the Rock Island and sagged off
fractionaly. Dizziness became the ruling
feature, however and no movement of i'm
pOrtance was made during the rest of the
day. and the market tiually closed duh and
steady al insignificant changes from last
nights fl ures. The final changes are very
irregular and generally for small fractions
only, but Delaware d Hudson rose pa and
Lackawanna l per cent, while Omaha pre-
ferred lost per cent Richmond d West
Point preferred liz and Chicago Gas Trust l
per cent. There was more animation in rail-
road bonds to-day, the total business reach
ing 81 372.O 600 out OF which Reading
second incomes furnished Sl69.000. There
was no change III the temper of the market,
however, and il was irregular throughout the
day, and the final changes are about equally
divided between gains aud losses. Of those
which are higher Houston d Texas general
rose > TO 20, Ohio, Indiana & Western lists
10 "A and Richmond and Danville debent-
ures ex coupon 10 81. Government bonds
were dull and steady to firm. State bonds
were dull and steady. The total sales of
stocks to-day were $50, $40 shares, including
Del, Lac. & W.52, S4l Reading ...... 60 APO
Del & Hudson. 5,0SSl Rich. L. w. P. 9,125
Lake shore. 5,600ISt Paul 2S, 800
Missouri Pac. 3,SG5 L Mon Pacific. 1918
Northwestern. 8, l00lWest. Union. 5,0l2
n. j. Central. 9,SlOl