St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-17

New York.
NEW YORK, May 6.-Clearings. $121.511,-
548; balances S6.61O. 125. Money on call
was easy at 2@2l2 per cent, last loan at 212.
closed offered at 2l2. Prime mercantile pa
per, 3l2@5H2. Sterling exchange dull. but
for demand. The total sales of stocks to-day
were 1850 shares. including Atchison,
25. S05: Delaware, Lackawanna d Western,
1900; Lake Shore, 1880; Northwestern.
1870: New Jersey Central: 3, 100; Oregon
Richmond Il West Point, 1925: St. Paul,
"a, $50; Union Pacific, 1914. The stock
market was more active to-day than any day
for over two weeks while the bullish feeling
became very pronounced, and the advances
scored were more important than at any time
during the continuance of the present rise.
The contest in Oregon TranScontlnental was
continued to-day, and the excitement at
tanned a degree which has up TO this time
been unknown. The borrowing demand in
creased, and the rates for accommodations
went up to as high as Ia per cent for the
day, and the difference between sales seller
three, five and ten days and those regular
for cash commanded premium of from W
to l per cent. The stocks were strong
throughout, though its movement was
slow and steady. and at its highest
point which was at the close, it was
materially higher than o Las. evening c,, Inc
Aside from the excitement i'll Transconti-
mental, however there was a broader and
stronger market and the demand from Chi
cagO and the local operators was increased.
which was soon shown in the course Of
prices The foreigners were doing very lit
tie, and sold some stock which, however.
was easily absorbed. Purchases by brokers
usually connected with the Standard Oil in 2
deal to brighten the shorts which to
cover and aided the rise materially. Late in
the day the coal stocks became prime favor
ties, and large amounts of Reading changed
hands with the effect of sending that
stock up over per cent in a short time
though the others did respond to the move
ment. Adverse reports upon the Housatonic
bill made New England the weak point in
the list, and toward the close it reacted
sharply, dropping about 1l2 from its best
figure. Chicago Gas was more active, and
moved up slightly, but Cotton Oil sprang into
activity and rose nearly Is. Pullman also
showed new life. and regained most of its
late losses, but the other specialties did not
rather heavy, and Wheeling & Lake Erie
preferred and Rock Island were down 4s@l2
per cent respectively, but the gen
eral list, while somewhat feyerlsh,
and irregularly in the early trading. was
noon there was a marked movement in the
grangers, and the entire list showed more
pronounced strong tone, Burlington and
ROCK Island, IN which the buying was
specially good, showing the way. Reading
and Cotton Oil then came to the front and
the best prices Of the day were reached to-
ward 2 p. NJ. after which, realization by the
smaller bulls led to fractional reaction in
the general list. though New England was
quiet and firm, and generally at close to the
best prices of the gay. The final quotations
show some irregularity, but the great major
ity of the list are higher and Pullman is up
3ss; Transcontinental, Us: Burlington,
lie and the others fractional amounts. Rail.
road bonds were fairly active the sales of all
issues aggreggting Sits, 900, of which
Reading second incomes contributed $751;
600. The market like that in shares was de-
cidedly broader and the tone more pro-
nounced than on any day since the centen-
NAL holidays, though the Improvement in
most of the list is for small fractions. Bur
lington, Cedar Rapids 4 Northern consol IS
rose 21s, to S4ss: Cedar Falls q Minneapolis
lists 2, to So, and Erie incomes 3l2, to 1914.
San Francisco class B is down 2A, to 116M.
Government bonds have been dull and steady.
State bonds, dull and without feature