St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-14
FINANCIAL.
New York.

NEW YORK, June 13.-Clearings, S103,-
call easy at 1@1l2 per cent; last loan, 1l2,
closed offered at 1l2. Prime mercantile paper,
4@6I2. Sterling exchange active and firm
at S4.S6s4 for sixty-day bills, and 1884
for demand. The stock market was less ac-
tive to-day, but it was somewhatirregulara and
highly feverish, with special weakness in a
few securities The result OF to-day's trading
is to leave most of the list fractionally lower
than last nights prices. There was consid-
cradle buying for London by arbitrage deal
ers and the tone of the opening was quite
strong. but the professionals were inclined to
resist the advance, and further lines of shorts
declaration of the dividend on Western
Union had some little effect in rallying the
list, but the covering of shorts was the
principal lever by which prices T, were were
severe pressure to-day was on the
trunk line securities and Lake Shore was
sufferer, and the attack upon the Erie seconds
was specially noticeable. Among the spe-
cialties Oregon Navigation made a marked
drop though portion of the loss was after
ward recovered. Chicago was heavy seller
of the Changers, and this did much to restrict
the afternoons advance to the small proper
tons which it attained. The opening was
somewhat irregular. though generally strong,
and advances over last nights figures ex-
tended to half per cent. This advantage was
further increased in the early trading by
fractional amounts, st. Paul and Reading
leading the advance, The movement was of
list soon yielded to the pressure brought to
bear. and Missouri Pacific dropped 1I2 per
cent Oh the expected reduction in the divi-
dend, followed by st. Paul, Louisville d
became dull and little movement was
seen in the list until after IL
o'clock. when the Oregon stocks took
a header, though the rest of the list
sympathized only to the extent of fractions.
Good buying was noticed at the lower figures
and the list on fair business was brought to
the neighborhood of first prices, but the adj
vance was not fully maintained, though
there was firm tone prevalent toward the
close, which was dull. The great majority of
the list is lower this evening, though frac-
tons measure the losses in most of them;
but Lake Shore and Oregon Navigation lost
ia each and Oregon Transcontinental lis.
Railroad bonds were quiet, except the Erie
special attack. there was no feature of inter
est. The bonds mentioned figured for $780,
600 out of the total day s business of 81 $780,
600. The general list was irregular in tone,
but final changes are in most cases for high
er prices. Knoxville 4 Ohio first rose 2 to
100; Kansas Pacific SKIES of 1895, 2
to 112; Utah Southern general sevens,
4 to 50; the extension sevens, 2
to 95, and Wabash Detroit diyi-
sion certificates 4, to 100. Burlington.
Cedar Rapids d Northern fives lost 2, at 90.
Government bonds were dull and steady.
State bonds were entirely neglected, Petrol
cum opened strong, but became weak after
the first sales. A slight recovery occurred
after noon and was followed by period of
dizziness. closing steady. Consolidated ex-
change opening. 77l2; highest, 77ss; lowest,
76A; closing, 76l2. New York stock ex-
change opening 77l2; highest YES; lowest,
76ss; closing, 76l2 Sales $4,000 barrels.
The dry goods market was quiet in demand,
as at previous reports, though large bust
ness was completed through the forwarding
Oh orders in process of execution. The total
sales of stocks to-day were $4,000 shares,
including:
Del, Il. q W.. 6,S00IOregon Trans. 6,610
Erie. ID 735 Reading. $50, 215
Lake Shore. -. IS, $50 Rich. Il W. P. $40
Louisville d n. 5.4l0ISt Paul. SO, $50
Mo. Pacific E. $500 Union Pac. 80. Is $50
Northwestern. II ,935 Western H.. 9,0OS
North II P. ptd. 800