St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-10
FINANCIAL.


NEW YORK, March 9.-Clearipgs S1O3, S67-
407; balances, $3.S45, SOB. Money Oh call
easy at 203 per cent: last loan 2; closed
offered at Dig. Prime mercantile paper, so
5l2. Sterling exchange dull, but steady at
81. S54 for 60-day bills and S4.S7A for de-
mand. The stock market to-day was wait
ing one, there being no developments nor
news of any kind to start q movement in
either direction, and under the circumstances
the traders and scalpers had the market
pretty much to themselves. Fluctuations in
most of the list were confined to the narrow
est limits, and there were frequent alterations
from strength TO weakness and back again,
with no decided progress i'll either direction.
SpurtS of activity occurred from time to time
in several stocks, but they were shortliyed,
and the general list was from opening to
close, utterly devoid, of feature of any
kind. The foreigners, however, were buyers
especially in the morning hours, and their
purchases gave the market what little
strength it displayed, though there was no
pressure to sell except in Erie which was
sold down on rumors which lack confirma-
ton that there was heavy floating debt and
that there would have to be new issue of
bonds and that the directors were selling
their stock. On the other hand Lackawanna
developed some strength late i'll the day and
moved up fractionally. The transactions in
Reading show a marked falling off and the
stock fluctuated within range of less than
! per cent. Some interest was manifested in
Western Union, but there was no special
feature III Inc STOCK. Inc opening was very
quiet but firm to strong at advances extend
ing to IS per cent, but beyond the firm tone
shown the dealings we're devoid of feature
until toward noon when more animation was
shown and prices began to yield under the
lead of Erie and the downward movement
was continued until after l O'Clock when the
lowest prices of the day were reached. After
hat time there was dull and generally firm
market with nothing to relieve the monot-
ony except the small gain in Lackawanna
in the last hour. The close was
dull but firm at irregular changes
for the day. The closing figures show
irregular changes for t he most part of small
fractions, the only important decline being l
per cent in Erie preferred. Railroad bonds
were unusually dull the sales for the day
aggregating only $650,000 and the trading
like that in shares was almost entirely with
out feature, the only exception being the
sharp advance in Mackinaw and Marquette
Land Grants on rumors that the company
will within day or two announce diyi-
dend on the bonds partly cash and partly
scrip, of about per cent in all, They moved
up to 40 the last previous sale having been
at 81. The general list was firm and closing
prices generally show advances. A few
bonds are lower and Milwaukee, Lake Shore
and Western incomes lost ut 80, and Mo-
bile and Ohio first debenlures 3la at ID.
Total sales of stocks to-day were 207, 759
shares, including:
Del. Lack d W. 81, 1OOIReading 49,. 1850
Erie. .......... 2S,7S0l Il. g. ". p. 5,025
Lake Shore. $40 SiSt. Paul 49,. 10,S75
L. & Nashville $500 Union Pac... $500
Mo- Pacific. 4,740iW. Union. -. 13, $50