St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-13
FINANCIAL.
New York.

New YORK April 12-Clearings, S95, S47,-
GIG; balances, 81 299, 1896 Money on call easy
at 1l2@2 per cent; last loan, 2; closed at 2.
Prime mercantile paper, SOY. Sterling ex
days and $4.S7A for demand. The stock
market to-day presented no new features
other than those which have marked the
speculation for the past week, and while it
was heavy to weak in the forenoon. under the
hammering of the bears and traders smart
rally in the afternoon wiped out the losses
and established gains throughout the entire
list. There was less business for outside in
terests transacted than on any day this week,
the greater portion of the trading originating
within the exchange, and as usual in such a
market, the bears went searching for weak
spots and uncovered one in Missouri Pacific,
which broke nearly 2l2 per cent. The
same tactics were continued until near
delivery hour though the impression made
upon the majority of the list was insignifi
cant, the fluctuations i'll very few stocks
reaching as much as 1per cent for the day.
There was very little news, but the list was
sold down on reports Of floods in the West,
while considerable pressure was brought
against the trunk line stocks without any
marked results. Late in the day, OH the news
of the breaking Of the deadlock in congress,
the shorts rushed to cover and the bulls
bought with confidence, which rallied the
Green Bay, which was advanced on the ru-
mors that the Lackawanna had bought con-
troll it is the only stock showing marked
advance this evening. The first sales were
made at advances over last evenings figures
S of from bea@ @ per sell cent int but a the
Missouri Pacific dropped over 2 per
cent. The general market, however, was
sluggish, with very narrow fluctuations, but
with weak tone, which lasted until we'll
into the afternoon, when the course of prices
was changed, and everything began to re-
cover the previous losses. After delivery
hour the advance gained force, and before
the close last evenings prices were surpassed
in almost every case, the recovery in Mis-
souri, Pacific being very remarkable. The
close was active and strong at the best prices
of the day. The entire active list is higher
this evening, though advances are confined
to fractions only, the only stock showing a
greater gain being Green Bay, with Ia per
cent. The transactions in railroad bonds
were larger than usual of late, aggregating
$1.52O,O00, though the increase is due
principally to the marked activity
in Burlington & Quincy Nebraska
is, which contributed 1855, 900, and
Rock Island IS, S2OS,O00. The tone of the
dealings was firm to strong, though as in
shares, there was very little motion to the
general list. The features was the strength
in the Green Bay issues, which were adj
vanced on the same reports which affected
the stock. South Park lists rose 2la to 81,
Green Bay lists to 100, the incomes 3 to
80. New England lists 3 to l25l2, Texas Pa
ment bonds. were dull and steady. State
bonds were dull and steady. The total sales
Of stocks to-day were 207, 430 shares, includ-
ing:
D. L. & VIE 90OIReading.. AS, 400
Erie ..:........ 7,775lR. & w: Pa. 1870
Lake Shore. ....22, 0o0ISt. Paul. -. '26,91o
L: Il No.. 1850 Union Pacific. "a, 900
Missouri < n