St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-25
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FINANCIAL.
New York.

NEW YORK Feb 2I-Clearings to-day were
Ssh, 5000; balances, S4,5I1 ,123 Money
on call easy ut llaO2 per cent last loan =,
closed offered at li21D2. Prime mercantile
paper 4lsdol2. Sterling exchange dull. but
firm. at S4.S5 for sixty day bills and S4.S7
for demand. The stock market was little
more active to-day, as measured by the num-
Der of shares sold, but the interest in the
transactions was smaller than on any pre-
Vious day this week, and the movement of
prices except in the last hour was confined
10 the narroweSt limits. The feeling was
moderately bullish this morning, and while
professionals were awaiting developments
The cliQueS had supporting orders in their
specialties; outside interests were doing
literally nothing, however, and the bust
ness showed no improvement over the
preceding dull days st. Paul. Western Union
and Richmond & West Point monopolized
the attention OF the traders and the last
named stocks were rather heavy, while the
general list was firm and small fractions
were gained The advance was led by Gould
stocks Missouri Pacific making the greatest
advance. Manhattan among the inactive list
was feature of the day, rapidly rising over
j per cent and holding most of it throughout.
The operations of the pools in Reading and
St Paul suficed 10 make them a little more
active, but their prices remained nearly sta
tlonary. Late in the day report that the
Pennsylvania had started a cut in rates
caused some selling and free realiZatlons
were INDUCED in, neutraliZing the advances
OF me forenoon III most cases. The first sales
were Hduc Oh Il very Otlil uldrhtl anu
showed very little change from last
evening prices, but after slight declining
tendency The entire list moved up slowly,
Richmond and West Point alone giving evil
dence OF weakness. The market relapsed to
extreme dizziness and remained without
feature of any kind, except the advance in
Manhattan. until the last hour, when prices
began TO give way and the market finally
closed duh and heavy at irregular changes
for the day. Final changes are generally
confined to less than y per cent, with de-
clines i'll majority, but Manhattan gained
pa, while Richmond and West Point pre-
ferred lost lis.
The railroad bond market was more ami
mated to-day, the sales reaching the sum of
81, 23l 600 of which S1S6, 900 were in Rock
Island os, which were the only features of the
trading. All the bids for the So 600, 900 5sre-
ceived yesterday were rejected as toolo and
the syndicate being dissolved brought on the
market some bonds held by weak holders, and
the price receded. The general list showed
some strength, land advances are most numer-
Gus tonight. Hooking Valley fives rose L to
13, Erie funded funded fives 70 90 Metro
politan seconds pa to i07. Michigan Central
tiveS of 1881 ISIS to 11134. The few declines
included Rock Island fives 2ss to 1O41l, ard
Texas Pacific income receipts Ia to 4SS4.
Government bonds were dull and rather
heavy, and state bonds were entirely neg
lected. The total sales of stocks to-day
were 145,52 shares, including:
Del, l.. Il W.. 5000 New Jer. Cen. $500
Erie. ........... 7,Ol0I Reading. :. Is, 400
Lake Shore. 5.50Gl Rich. d W. p. Is, $50
L. & N......... $500 st. Paul. 800. $50
Mo. Pacific. 4,osH Union Pacific. Il, 591