St. Paul daily globe., 1888-01-31
FINANCIAL.
New York,

NEW YORK, Jan. 3O.-Clearings to-day
were SCI, 257 ,696; balances S4, 256,S ,S13.
Money on call easy at 2l2@3 per cent; last
loan, 3l2 per cent closed at 3. Prime mer,,
camille paper SOY: sterling exchange dull
and weak at S4.S3la for siXty-day bills and
81. 4.S5l2 for demand. The stock market was
in the main strong day and active at both
ends of the day, but duh and strong during
the remainder of the time, the net result of
the operations being irregular changes from
last weeks figures. The prevailing senti-
ment was quite bullish in the carly morning
ard everything advanced for q short time,
but it soon became evident that free liquida
ton was in progress and the advance as well
as the activity was checked The bears used
the great fire in this city as an argument
against the market, the inference being that
the securities held by the insurance compan-
les would come upon the market; to this was
added the reports OF rate cutting in the West
but the effect upon the list was not of special
importance though buying was tempor-
arily checked The principal interest was
centered in the Coalers and Changers, but of
these Delaware IL Hudson alone fluctnated
over range of more than per cent. Read
ing, however, became the leader of the mar
ket once more in the last hour when the buy
ing was better than at any other time of the
day. The conspicuous weak spot was Mis-
souri, Pacific, which was affected by the per
sistent rumors in regard to it and its kindred
stocks. Free realiZatiOnS were in great part
responsible for the temporary setback of
the forenoon, but these ceased before the
end of the day. Prices were firm to strong
at the opening at advances over Saturdays
final figures of from ls to l2 per cent, and
further fractional gains were recorded in the
first half hours trading, but after that time
there was a sagging tendency which, accom-
panied by constantly decreasing volume of
business, lasted until near the last half hour.
Prices were brought down below first figures
III many cases. though the only marked de-
cline was in Missouri Pacific. There
was general advance after deliv-
cry hour, which, however, was con-
fined to fractions only. and the close
was quiet, but firm, at but slight changes
from first prices as rule. Advances. are in
a majority this evening, though they are con-
fined to fractions and the only important
change is decline of lac in Missouri Pa
cific. The market for railroad bonds was
somewhat less active this morning, but the
strength of the list was unimpaired and
everything almost advanced during the day.
The days business aggregated 81, ,654, ,OOO to
which Nickel Plate fours contributed $lTO,
600. st. Paul, II. Il d. sevens rose 2 to 125
Texas Pacific consOl transfer receipts to
Government bonds were dull and steady.
State bonds were very dull and featureless.
Total sales of stocks to-day were 216,S7S
shares, including:
Del, Lack &W %. 354 Reading . 1850
Del. L. Hudson 3,246 Rich. u W. P. 8, 100
Erie ........ 1850 st. Paul. ....... 1855
Louisville {, n 1870 exas Pacific. 3,625
Missouri Pac.. 6.S23 Union Pacific. $3.50
Northwestern. 1892 West'n Union. 20, 76o
n. j. Central. 1890