St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-18
FINANCIAL,
New York.

New YORK, July 17.-Clearings, $122. 023,-
$50; balances, S6,42S,9s2. Money easy at
212@3 per cent; last loan 2l2; closed offered
at 2. Prime mercantile paper: 4l2@6la;
Sterling exchange quiet but steady at 81 SO
for sixty-day bills, and S4.S7A for demand.
The stock market was a little more active to-
day, but there was little more interest in the
trading, and the results were as insignificant
as those of yesterday, though the heavy to
weak tone which prevailed throughout the
day left almost everything traded in fraction
ally lower than last evening. There was no
life in the market at any time, and the dispo-
sition to trade left the market in the hands
of the local traders, as none of the centers
doing anything. except Chicago, which con-
fined its operations almost entirely to. the
selling of the trusts. Among the railroad
shares the Gould stocks were more promic
nent than for long time back. but their
activity was at the expense of values, and
Manhattan was sold down about per cent
on the stories that the company would aban-
don all it's plans for the extension of the
suburban system and that no defense would
be made in Lhe suits against the company.
Missouri Pacific and Western Union were
both active and led the decline the general
list The grangers, as usual, are the leading
group of stocks in point of activity, but
there was little OF positive nature III the
news from the West, and these stocks only
reflected the general disposition to close up
accounts. Union Pacific. notwithstanding
was dull and steady. The renewed selling of
the trusts again made those shares tine lead
ing features of the market and heavy selling
of Lead for Chicago account. broke its price
2l2 while Sugar reached its lowest for week
past, showing loss OF nearly per cent at its
lowest figure. Cotton Oil was comparatively
we'll supported, but Chicago Gas dropped
with the others. The market at the opening
was somewhat more active than yesterday
and responded to the lower figures in London
with an irregular opening and the drift OF
prices was Immediately seen to be downward,
with Lead and Missouri Pacific in the lead.
The weakness in the trusts continued to be
the only feature during the forenoon and the
regular list sympathiZed to limited extent in
the decline. There was sharp rally in the
trusts toward delivery hour and Manhattan
then made its drop. The entire market, how
ever, showed an improved tone in the last hour
and the close was dull but firm at something
better than the lowest prices. There are few
advances tonight but they are for insignifi-
cant fractions only while Manhattan is down
4ss; sugar, 2Ac; lead. 1ls, and Chicago Gas
and Oregon TranscOntinental l per cent
each. The railroad bond market reflected
the same conditions which prevailed in the
share list and were dull and heavy to weak
throughout the day. Fit. Worth & Denver
terial decline on sales of $4,000. The
sales of all issues aggregated 1000. The
final changes are quite irregular, but
declines are the more numerous and of those
which are lower, Burlington cOnSols lost 1l2
at 1924; Chicago & Northern fives, 27s at
1902; Denver & Rio Grande Western assented,
l at 80, the certificates IN at S9l9; Fort
Worth d Denver firsts, 2A at 93A; Louis
vile, New Albany & Chicago firsts, l at
117l2; Union Pacific SKIES of 1896, 2 at
1854, the skies of 1898. at l19, and West
ern New York L. Pennsylvania seconds, 2 at
35. The total sales of stocks to-day were
lao, 3O5 shares, including: Atchison, 10,62O;
Delaware, Lackawanna & Western. $3.50;
Missouri Pacific. $3.50; Northern Pacific
pfd. $500; New England, 700; Reading,
14,6OO; Richmond Il West Point, 5,265 st.
Paul, 1850; Union Pacific, 1920.