St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-12
E. r. BARDEN,
GRAIN COMMISSION.
Wheat, Corn, Oats, Barley, Baled Hay.
IA Chamber of Commerce, st. Paul.
FINANCIAL.
New York.

NEW OPK, FEB. }l.-CiearlngS, 49,
450.124; balances, S6.344, 119. Money on
cali easy at 1002 per cent; last loan 3,
closed Offering 3. Prime mercantile
paper. 4(06; sterling exchange dull, but
steady at s4.S5 for sixty days and
S4.5S119 for demand. The stock market
was remarkably strong today, although
the advances scored were in the special
ties principally, and the three leading
groups of shares, the trunk lines,
grangers and coal stocks, were all
quiet and fluctuated within the narrow
est limits. The late report Of the pro-
posed transfer of the Big Four to the
Bee line may have something to do with
the strength in the market, but those
stocks were neither of them active and
neither made any advance. There was
heavy selling Of Chicago, Burlington Il
Quincy for Boston account, and this had
some influence to check the pre-
vailing bullish feeling, but it's effect
upon prices outside of the roads closely
connected with Burlington was very
slight, and it was subject of universal
comment that in the face of such de-
cided weakness in that stock the
general list exhibited such marked
buoyancy. The rumor that the Ne
braska board of transportation intend
ed to demand the adoption of the Iowa
tariff was the chief cause for the weak
ness displayed, but the report of the
earnings for the past year was not with
out its influence and the stock dropped
over points, although a material re-
covery was made before the close of
business. The fact that the Union Pa
cifc funding bill has at last got before
the senate was the occasion of making
Union Pacific and the Oregon Short
Line the strong features of the list, and
both Oh very large business made marked
advances. Among the specialtieS show
ing the most Important gains were Mem
phis & Charleston, Peoria, Decatur u
Evansville, Columbia IL Greenville pre-
ferred. Pullman, Virginia Midland,
Denver, Texas & Fort Worth certifi-
Gates and Evansville & TeTre Haute.
At the opening of business the feeling
was very bulliSh, but first prices were
quite irregular as compared with the
final figures Of Saturday, but advances
were in majority and the changes eX-
tended to = per cent. The market soon
gathered strength, although Burlington
showed at once the weakness which af-
terWard became so marked a feature OF
the dealings. The specialties took the
lead in the upward movement, but Ore
g0n Short Line came to the front, soon
followed by Union Pacific. Burlington
was strongly attacked after noon, and
the trading in the rest was somewhat
restricted by it for some time, but the
list soon recovered its tone and further
gains were made all along the line, and
the weak stocks made some recovery
before 2 p. m. The amount of business
done underwent a marked increase
with the return OF confidence,
and the last hour was very active
and the market closed strong, generally
at close to the best figures. Burlington
shows a loss Of 2 per cent, but the rest
of the list are almost invariably higher,
and Union Pacific rose ~, Denver.
Texas q Forth Worth certificates x;
Pullman, Peoria, Decatur q Evansville
and Canada Southern rs each, st. Paul
IL, and Chicago Il East Illinois l per
cent.
Railroad bonds were active but re-
markably we'll distributed, no one issue
showing any special animation, although
the sales extended to S2,029,O00 The
tone was generally strong but was quite
The gains include Peorian eds, 3 to "a.
Government bonds have been dull but
firm. State bonds have been dull and
steady. The total sales of stocks to-day
were 3l4,S39 shares, including Atchison,
6.77O; Delaware, Lackawanna d West
ern, 14,100; Canada Southern, 1865;
Erie, 6.460; Lake Shore, $500; Missouri
Pacific, $500; Northwestern, 1879;
Northern Pacific preferred, 5000; Ore
gon Transcontinental, $3.50; Peoria,
Decatur Il Evansville, 6,910; Reading,
5000: Richmond & West Point, 1850;
ST. Paul, 1920; Union Pacific, 6l,s55;