St. Paul daily globe., 1888-05-01
FINANCIAL.
NaW VnrE

statement: Exchanges, S67, ,o2S,o52; bal.
ances. 81. 924, III. Money on call ranging
from 2@212 per cent; last loan, 2; closed
Foreign exchange fairly active and barely
steady at $4.s6l2 for sixty day bills and
81. .S7A for demand The stock market was
very active and strong in the forenoon
to-day, but reacted and became quieter later
in the day, and large portion Of the gains
were lost, though the list as rule were frac-
tionally higher this evening and marked ad-
vances were scored in few stocks. London
prices came very much higher than our clos
ing prices on Saturday, and there was q
heavy foreign demand for stocks seconded
by liberal purchases for out-of-town parties.
rms made very strong opening and in
spite OF very heavy realizations on the part
OF the bulls the advances were not only main
finally began to show when the demand
Stacked off. All the local favorites were
prominent in the rise, but the chief interest
was in New. England and Missouri
Paclhc, which again made marked
in regard to the former which, however,
lacked continuation. Other specialties were
very strong, and among the rest Pacific Mail
went up on the brighter prospects OF the
Panama canal; but Louisville d Nashville,
Norfolk d Western preferred, San Francisco,
and Wheeling d Lake Erie preferred all be-
came conspicuous for the advances made
Ihe news of the day was, on the whole, not
tent1on to 1t. and it had appreciable effect
upon the course of prices. The opening was
very strong and active and first prices were
from "A To per cent above Saturdays final
figures, the latter in Missouri Pacific. Ex-
cept IN lew stocks, among which Missouri
Pacific, Wheeling d Lake Erie preferred, San
francisco and some others, which were very
strong, the general list after slight further
advance retired to the neighborhoad of first
Int CIV r,srfIa CHI
ana fractional gains were made throughout
the list, Chicago, Burlington & Quincy, how
ever was marked exception to the general
rule being decidedly weak throughout the
gay nay and and It finally closed at its lowest price
Ihe best figures were generally reached just
a1ter noon, when Union Pacific, Missouri
Pacific and New England made material de-
c,lnes, while the rest of the list moved very
slowly: There was very little change in the
tone OF the dealings until the close, when
better feeling was shown and the market
closed barely firm. The final declines are
more numerous than usual last week, but
they are confined to small fractions, while
Missouri Pacific and Norfolk d Western
preferred rose 2 per cent each, San Francisco
"a, Louisville d Nashville lis, Pacific Mail
IsS, Wheeling d Lake Erie lis per cent.
The railroad bond market was very active,
the total sales reaching So, 164 900, the
Denver tirsts, which were largely bought at
S4A to S434 on sales of S296,000. The tone
OF the dealings was strong throughout,
though the important final changes in quo
tations are few. st. Paul Lacrosse division
sevens, however rose 2. to 116s4, Interna-
uonal seconds 212, to 81. Kansas & Texas
fves 2l2, TO 60I2, and Norfolk d Western ad-
Justments 4, to 1OS. Government bonds
were quiet and steady. State bonds were
quiet and firm. The total sales of stocks to-
day were 395, ,7S4 shares, including:
Can. Southern. 5,254IN. Pacific w 2,37O
Del. Lac. d WIG 5000 n. Pacific pfd. 16, ,95S
Erie..... III ,020 Or. Trans. -. .16, ,210
Kansas q Tex. 2.500lP Pacific MAIL. S,S79
Lake Shore g. II, $50 Reading w ,.69,7OO
Louis. d Nash 10, ,G41 r. d West PIT. .12, ,625
Mo. Pacific " IA 935 ST. Paul. 33. 1856
Northwestern. S.120lTeXas Pa cific.. S,299
Norf'lk d w pf. 6,627 Union Pacific %, 164
n. j. Central. 2,776lWestern Union23, 255