St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-07
FINANCIAL.
New York.

NEW YORK, April 6.-Clearings. S107, $780,
663; balances, 1854 442. Money on call
easy at 2@3 per cent; closed offered at 2;
prime mercantile paper, 507. Sterling ex-
change dull, but steady and unchanged.
The stock market was more active to-day,
and for the second time this week approx
mated business of half million shares; at
the same time the market was strong through
out and prices steadily advanced, the lowest
being made in the first half hour and the
highest i'll the last, final gains ranging up to
nearly 3 per cent. The passage OF the bond
bill was the principle stimuant to the spec.
ulatiOn, the number of outside buying orders
undergoing q marked increase, while the
steady buying and advance gave rise to the
impression that some powerful hand was
under the rise. The temper of the room at
first was only moderately bullish, and the
cliques and insiders rather discouraged any
further advance, but the current was too
strong for them and they afterward joined in
the movement. The news of the day was not
specially of a character to have much effect
upon values, but Chicago sent kilograms
giving hopeful view of the situation at that
center, and these were not without their in
iuence. The advance was slow and steady
and gained force as the day wore along, while
the activity increased in proportion; there
was little or no excitement except in Read
ing in which the transactions were again
extremely heavy, lots of from 1000 to 1000
shares changing hands frequently. st. Paul
was also very active, but its fluctuations were
comparatively narrow until late in the day.
The market was active and strong at the
opening, the gains oyer last nights figures
extending to " per cent. and the list con-
tinued to move up under the lead Of Union
Pacific, Reading and Union Pacific through
out the first hour. There was then slight
set back and the market became more quiet,
but Lake Shore and New England came to
the front before noon. After that time there
was marked increase in the transactions,
while the whole list Joined in the renewed
advance. The highest figures i'll many stocks
were reached before l O'clock after which
there was another reaction of small proper
tons, but the last half hour saw a renewal
of the strength, and the market finally closed
active and strong at or near the best prices
of the day. The active list is invariably
higher, and Manhattan rose 234, Union Pa
ciic 2ls. Reading 2. Lackawanna and Louis
vile Il Nashville Us, Burlington & Quincy,
New England and Colorado Coal LA, Texas
Pacific l5s, Delaware d Hudson and Consol-
idated Gas 112 Canada Southern, Northwest.
ern and Oregon Transcontinental 11s, st.
Paul, Lake Shore Omaha ana Jersey Central
per cent. Railroad bonds were also more
active; sales S1,343,O00, to which Fort
Worth Il Denver lists and Erie Ids contrib
uted $4,000 and 100000 respectively.
The market was strong almost throughout
and closing prices generally show advances
Chesapeake d Ohio 6s of 1911, rose 2, to 90;
International DDS 312, to &c. Norfolk & West
ern improvements 2A, to los. Government
bonds were dull, but firm and strong. State
bonds were dull and steady. The total sales
of the day were 49,, S4S shares, including:
Can. South'n.. a, SION. j. Central. 4,z60
DELL. q W =. 40, $40 Reading 80. 1850
Lake Shore; 1890 st. Paul.. 6I,O30
Louis. & Nash 2,1S0ITeXas Pacific. $3.50
Missouri Pac 4,O73 Union Pacific 26,2g0
Northwestern. 18, 7S0IWestern H.. 20, 40