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, 81, 5S2, 1913. Money ON call
easy al ll2 per cent. Prime mercantile paper,
Ago. Sterling exchange dull but steady at
4.S7 for sixty day bills, and i 80 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 laier more especially against
ST. Paul. but the impression made upon
values was measured by the smallest frac-
tons ana the effort was soon abandoned.
Chicago was Il moderate seller though the
kilograms from that center were of 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
ldendS and statements OF those lines being
telt 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 high priced grangers and Michigan Cen
trial. The temper of the professional Gle
ment was more positively bullsh, and Lon
Eoh was puAei' cSPeclalS to"aIu
the close. The opening was barely
steady, but the early trading developed
Il 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 rs 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
To leave most of the list small fractions
higher than last evening, while Rock Island
and Burlington II Quincy gained ll2 Der
cent each, and Michigan Central "A. The
general bond market was about the same as
usual, with Il quiet business on small fiuc-
tuationS with firm tone for most of
the day. But the Chicago, Burlington
x Quincy Nebraska extension fourS con-
trbuted S3S7, 900 of which S327, 600 were in
one sale and Duluth South Shore q Atlantic
tives S25S.0O0 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. 13bc. Sales III 900 bbls. The to-
tai sale of stocks to-day were 13S, 029 shares
including:
Del Lack. IL W. $3.50 Northwestern. $50
Erie. ......... $500 Reading $4,000
Lake Shore go. 1928 st. Paul ..... "a 80
Louis. IL Nash. 7,S10Union Pacific. 5000
Mo. Pacific. go. ], JOB West II Union. / 12J