St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-24
FINANCIAL.
New York.

New YORK, April 23-Clearings, SCI, 979,-
07S; clearances, So, $50. 294. Money on call
easy at to per cent, last loan 212, closed
offered at 3. Prime mercantile, 5@7. Ster-
ling exchange quiet but steady at $ls6 for
6O-day bills, and $4.SS for demand. The
stock market was very active and firm at the
opening this morning, most of the list being
small fractions above the closing figures OF
Saturday, and with the exception of a small
setback in the first hour, and a shading off
toward the close, the market continued to
advance steadily throughout the entire day.
The prevailing sentiment was bulllsh, and
the buying by commission houses was in eX-
cess of anything seen during the present ad-
vance, and despite the free realizations in all
parts of the list with the unfavorable Western
rumors circulated, it was sufficient to keep
prices moving upward nearly all day long.
Richmond & West Point was the first stock to
come to the front, and after it had gained
nearly per cent the advance was checked,
and q reaction occurred caused by the free
selling of the traders and the rumOrs of
troubles in the West, the Changers being the
weakest stocks on the list. There was very
little force to the decline, however, and
prices were soon on the upward move.
Pacific Mail being the most prominent
before noon. The Gould stocks which had
been quite weak in the early trading, rapidly
recovered their losses and the coal stocks
then came to the front, the advance gaining
strength as the day wore along. Lacka-
wanna was very prominent in the afternoon,
and several special movements served to in
fuse more life into the general list. Union
Pacific was strong throughout, though its adj
vance was slow and steady. Among the
specialties most noticeable for strength were
Wheeling and Lake Erie. Omaha was an
other conspicuously strong stock, and rumors
were circulated that it was to be consolidated
with the Northwestern-an old story d
that dividend was to be declared on the
common stock, and though both of them re-
ceived official denial, the stock was ADVANCED
materially The upward movement was
checked in the last half hour by free realiza-
tons, but prices were very stubborn and the
impression made upon them was insignif-
cant. The close may be quoted active and
firm at or near the best figures of the day.
The active list. as compared with the
final prices of Saturday, is almost in
variably higher and Tennessee coal is up 2;
Wheeling 4 Lake Erie "a, and Omaha 15s.
The railroad bond market was also more
active. Sales, S1.522 900. Erie DDS fur
nished S157G00 Burlington, Quincy & Ne
braska As $3.50 and Atlantic 4 Pacific
incomes 100000 Prices were firm to
strong throughout. Government bonds were
active and strong. State bonds were dull and
steady. The total sales were 1891 shares.
including:
Can Southern 81 ,340lOr Trans .....18,645
Del. Lac. d W. 81 ,424 Pacific MAIL. 6,24O
Erie ..19, IT'S Reading -. go, 700
Lake Shore -. 1880 r. q Westport Al ,267
Louis d Nash. 4.475 ST. Paul :. % 665
Mo. Pacific. 6,547ISt. Paul & o.. $3.50
Northwestern. 5,S40ITexas Pacific 10, 43O
N j. Central. $1,000 Union Pacific. 81, SIS
n. Pacific pfd. 5,S00lWestern IT,. 1850