St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-02
FINANCIAL.
New YORK.

New YORK, Aug. 31.-Bank clearings,
S134 1875, $50; balances, S6,010,957. For
the week: Clearings. 1925, $50, 1863; bal
ances, 81, 1919, 152. Money on call easy at
per cent Prime mercantile paper, 5@7
per cent Sterling exchange quiet but steady
at 81. S3S4 for sixty-day bills and S4.S7s4 for
demand. The stock market again gave evil
dence of the growth OF the bulllsh feeling
to-day, and on a very moderate volume OF
business scored further fractional advances,
the close being generally at about the highest
price of the week. London prices were
again higher this morning, and the opening
here was made at advance over last evenings
figures of from Is to Ss per cent generally.
The only really active stocks. however,
in the early dealings were ST. Paul, Atchison
and Northern Pacific preferred, and the first
named soon developed marked strength, and
once more touched the highest price Of the
week, rs. There was some reaction from
the best figure, and this was sympathized in
to limited extent by the rest of the list, but
the upward movement was soon resumed,
and the other Wizards, the grangers, Gould
stocks and trusts were all prominent for both
activity and strength. The feature among
the grangers was Burlington d Quincy, and
it reached higher figures than it has seen in
months. The great feature Of the day, how
ever, was the sudden rise and activity in the
Hooking valley securities. 1t became known
that at the meeting of the directors
the resignation of President Shaw was
accepted, and c. c. Waite elected in his
place, and arrangements were made to pay
the interest coming due on Sept !, while the
utmost harmony was restored TO the board.
The stock on this shot up from 12l2 to 1Sl2.
though it reacted to Is at the close. The
bonds were even more buoyant. The strong
tone continued up to the close despite the
realiZationS. and the market closed fairly
active and strong generally at about the best
figures. The list is almost invariably higher,
and Hooking Valley is up 3 and Burlington
1ss. The railroad bond market showed the
usual quietness of the general list, but the
sudden activity in the Hooking Valley issues
raised the amount of business done
to S5S7,000, of which the Hooking
Valley fives contributed $4,000. The
tone Of the market was steady as usual, and
the final changes insignificant, though the
st. Paul, South Minnesota 6s rose ia. Hook
ing Valley 5srose 5l2 and the 6s 5. The
sales of bonds for the week aggregated
week. Government bonds dull and steady
TO firm. State bonds dull and futureless.
The exports of specie from the port of New
York last week announced to S746,797. of
which 81, $50 was in gold and S744, 747 sill
yer. of the total experts S1,650 i'll gold,
and S74o, S67 in silver went to Europe, and
$500 gold and So, $50 silver to South Amer
lea The imports of specie for the week
amounted to SI31.4S2. of which 500, 5S2
was in gold, and S3I, 800 silver. The total
sales OF stocks To-Day were 1883 shares,
including Atchison, -, go: Hooking Valley,
1900; Louisville & Nashville, 4, 100; North
western, $500; Northern Pacific pre-
ferred, 9,4S7; Oregon Transcontinental,
1900; Reading 4,5OO; ST. Paul, 20, 100 /;
Western Union, 1900.