St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-23
FINANCIAL
New York.

NEW YORK, June 22-Clearings, $50, 49,
366; balances, S5,5S2,99S. Money on call
easy at lie per cent. Prime mercantile paper,
Ago. Sterling exchange dull but steady at.
4.S7 for sixty day bills and 4.S9 for demand.
The stock market showed no improvement
to-day in the amount of business done, but
the strong tone which has been a feature of
the dealings for the past few days suffered
no diminution and the circle of buyers
seemed to have broadened somewhat though
the interest in the political events of the day
seriously interfered with speculation. Some
attempts were made by the bears to get
prices down, but they were very feeble and
met with no success. The pressure was
brought against the general market at the
opening, and later more especially against
ST. Paul, but the impression made upon
values was measured by the smallest frac-
tons and the effort was soon abandoned.
Chicago was a moderate seller, though the
kilograms from that center were of a more
hopeful tenor than usual of late, the an
nouncement that the Vanderbilt lines would
reduce dressed beef rates being the only bear
news of importance, and that had no influence
upon the market, the effect of the recent div
idendS and statements OF those lines being
teit still. There was continuance of the
covering movement which probably did more
than anything else to give the market its
firm appearance, and the best feeling was in
the hlgh-priced grangerS and Michigan Cen
trail The temper of the professional ele-
ment was more positively bullish, and Lon
the close. The opening was barely
steady, but the early trading developed
a strong tone and with Michigan Central in
the lead, advances ranging up to point were
established in the first hour. The demand
for stocks then Stacked off, and though there
was no reaction, the rate of progress was
much slower, and by noon the best figures of
the day were reached. There was a slight
downward tendency as the result of the eff
forts of the bears against st. Paul after II
O'Clock, but the high prices were well main
tanned throughout the afternoon, and the
dealings became entirely void of feature of
any kind. The market finally closed dull
and about steady at close TO the best prices
reached. The result of the days trading is
to leave most of the list small fractions
higher than last evening, while Rock Island
and Burlington 4 Quincy gained lI2 per
cent each, and Michigan Central IA. The
general bond market was about the same as
usual, with Il quiet business on small fiuc-
tuations with a firm tone for most of
the day. But the Chicago, Burlington
d Quincy Nebraska extension tours con-
tributed $685., 200 of which 1897, 600 were in
one sale and Duluth South Shore d Atlantic
tives S25S. 900 to the days total of 81, S37.-
900. There was no movement in these
bonds, however aud the market was as fea-
tureless as ever. State and government
bonds were dull and steady. Petroleum
lowest. 1880. Sales III 900 bbls. The to-
tai sale of stocks to-day were 13S, O29 shares
including:
Del Lack & W. 9O50lNorthwestern $50
Erie. ......... $500 Reading $4,000
Lake Shore. -. 1925 St Paul 49,. "a, $40
Louis. & Nash. 7,S1OlUnion Pacific. 5000
Mo. Pacific. 80. LOB Vest Union. l. I25