St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-29
FINANCIAL.
New York.

NEW YORK, May 2s-Clearings. STA, 1872.
1872; balances $72l9.299. Money on call
was easy at 2@212 per cent: last loan Gig per
cent, closed offered at 2l2 per cent prime mer-
bat steady al S4.S.A for sixty-day bills and
$3.50 for demand. The total sales of
stocks to-day were 372,791 shares, includ-
ing: Atchison, %. 125; Canada Southern,
5,9O5; Delaware. Lackawanna q Western,
4,625 Erie, s. 200; Lake Shore, Il, SO: LOUIS
vile & Nashville. $500; Missouri Pacific,
$500; Northwestern. $500; Northern Pa
cifie, 10,G75; Northern Pacific preferred,
22,317; New England, IL, $50; Reading, 49,
Paul, $3.50; Texas Pacific. 1925: Union
Pacific, 1880; Western Union, 4,095.
The stock market was somewhat less
active to-day, and there was not so general
and the result of the days business is that
while some stocks show material and even
phenomenal Galns there are more declines
than usual of late. The buying still con-
tinues from Out-Of. town sources, and the local
commission houses are still well supplied
with orders, but the professional element
and the traders from day to day were inclined
more and more to work for a reaction of ma
terial extent. To-day there was also a more
general realizing movement than has been
the few specalties was all that carried the
market through. The buying for Chicago
account, however, seems to be undiminished,
and the favorites of that center were still
the leaders In the upward movement, and
the statement of ST. Paul met with as much
commentator as that of Reading did with
disapprOval. The latter, however, did not
have any effect upon either the price Of
Reading OF its kindred shares. London was
somewhat lower this morning, and was a
seller to some extent in this market during
the day. but also bought some Union Pacific.
Louisville, st. Paul and Northern Pacific.
The trust stocks maintained their prominent
position, and though Chicago Gas did not
advance much, 1t displayed a strong tone
and the others were decidedly buoyant The
Vanderbilts again became active in the last
hour, and Lake Shore especially attracted
marked attention by its sharp upward move
ment. Among the specialties the great feature
was the sudden rise i'll rhe San Francisco
stocks, and the common shot up about per
cent, followed by the preferred with a
smaller gain. Others which were particu-
larly strong were Lake Erie d Western
shares and East Tennessee stocks, but the
Chesapeake e. Ohio stocks went back
shade. The opening was made on large
volume of business, but first prices were
affected by the lower London figures, and de-
clines were quite as numerous as advances.
The demand for stocks. however, soon
started an upward movement, which con-
tinued till toward IL O'Clock, when the
efforts of the traders and professionals
brought about somewhat lower range of
values. and some of the weaker stocks were
brought down to below opening prices
The depression was of short duration,
however, and i'll the afternoon there was
renewal of the buying for the long account,
and prices once more moved upward, though
except in the few specialties the gains were
for small fractions only. Toward delivery
hour there was a shading Off also, but at the
close the market was active and strong, gen
orally at the close to the best figures of the
day. The total number of listed shares
traded in was 372.791, of which st. Paul
contributed $500. Manhattan On a light
business, declined ia per cent, but the
other losses for the day were small and few
in number, while San Francisco is up 4ss,
preferred PA; st. Paul IA, and Canada
Southern l per cent. Railroad bonds were
more active and displayed more decidedly
strong tone, which extended to ali portions
of the list, and the advances made are very
uniform. st. Paul, Hastings & Dakota sevens
rose to liz; Dakota & Grand Southern fives
2 to 99Ia; Lackawanna convertibles 2l3 to
111la; Duluth, South Shore & Atlantic fiyes
2Is to 100; Ohio, Indiana & Western seconds
to 50; Ohio Southern vests 2 TO Ia and
incomes ESQ to 1903. Government bonds
have been dull and heavy. State bonds
have been dull, but firm.
= Al AtEMRn0T o. CnAl