St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-29
FINANCIAL.
New York.

New YORK, Feb. 2S.-Money On call easy
at 2@2l2 per cent; last loan 212 closed at
202l2. Prime mercantile paper 4l2@512.
Sterling exchange dull but firm at $lS5 for
siXty-day bills and 81 S7l2 for demand. The
stock market was again very dull to-day, but
the tone of the dealings was in marked con-
trast to- that OF yesterday, being firm to
strong for most of the day, and the buy
ing was of a much better character through
out. The strike on the Burlington and the
other railroad troubles of the Northwest have
given increased impetus to the movement to
take the question of rates out of the hands Of
the railaoad managers and place it under the
control of state commissioners NOtWith-
standing the strike, however, and the unset
tied condition OF the railroad business in the
Westoperators were disposed to wait further
developments before selling. and the an
nouncement that congress will probably take
some action on the financial situation, created
better feeling III the stock circles and mar
ket showed marked strength in some direc-
tons. The apparent selling by London yes
terday in the light of to-day's Developments
seems to have been an attempt by
T the bears na,o to to-, break zeal, the market
in the market this morning, ard these were
quickly exhausted, these had but tenn
porary effect upon prices, except in the case
of Manhattan, which was broken over
point. This was the only special feature to
the trading until toward the close when the
buying of the Richmond d. West Point stocks
began again and they advanced rapidly
Jersey central, 81. raul ana LOUISVILLE u
Nashville also became prominent at the
time, though the movements in the other
stocks were for small fractions only The
opening was in marked contrast with that of
yesterday, being extremely dull but firm, and
though the movement was not maintained,
the heaviness was of short duration and the
upward movement began again. The market
however, quickly settled down to utter stag
nation, and while retaining it's firm tone
made no progress in any direction until the
last hour, when the Richmond L. West point
stocks led decided advance. The close was
dull but firm to strong at the best prices
reached. Almost everything is higher to-
night, though advances are for fractional
amounts only, except for Richmond d
West Point, which rose 115 and the
preferred 49, while Manhattan is 1SS lower
The railroad bond market was queter to-day
the sales aggregating 1914, OO0. and the inter-
est centered in the Rock Island 5s, which
furnished $121 200, and Erie DDS SIO7, 900.
There were no decided movements in the
list, however, and prices were heavy in the
forenoon, but recovered toward the close
leaving the list irregularly changed from last
previous sales. Among the advances Ohio
Southern lists rose Ola, to 1O412, and Mil
waukee, Lake Shore and Western incomes 2,
to 1O2; Denver d. South Park lists lost $50
at II4S. Government bonds were dull but
steady. State bonds were entirely neglected.
The total sales of stocks to-day were 100, 100,
including:
Del. L. & w.. 6,7ooINew. Jer. Cen 5000
Erie. ...... 3, 2O0lR. d w. p. 10000
Lake Shore. 3,500ISt Paul. IL 700
L. u \ ........ $500 Union Pac. go. $500