St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-16
FINANCIAL.
New York.

NEW York, May 15-Clearings. Sl1O.s55,-
$50; balances, S6.S46, 28s. Money on call
was easy at 2@2l2 per cent, closed offered
at 2. Prime mercantile paper, 3ls@5l2.
for sixty-day bills and $3.50 for demand.
The ttotal sales of stocks to-day were 2O6,-
$40 shares, including Atehison. 1871;
Delaware, Lackawanna u Western. 81, l13;
s,zoo; Reading, 5000; St. Paul, 1860;
Union Pacific, 9,175; Wabash Pacific, 5000.
The took market shows about the same
amount of business from day to
day, with the interest centered in
few shares only. but to-day there was
of the active stocks are higher this evening.
Oregon Transcontinental was still the great
feature of the day, and while the buying was
as urgent as during the preceding few days.
there seemed plenty of the stock for sale,
Notwithstanding that the daily borrowing
rate went up to vs. per cent and sellers three.
days options were made at a discount of W
per cent Sales at seller and seller 10 were
recorded at | a per cent below the regular
price. The difficulties between the Union
ket and made those shares the weak points
in the active list, while Oregon Navigation
declined materially on very small
Sales The trading in the general
but the buying by the Chicago party in
the grangers was feature, and Burlington
and Omaha preferred were advanced sharply
at one time, but the others took secondary
place in the market. Notwithstanding the
last reduction in coal prices. the coal stocks
became strong, and Lackawanna and Della
ware u Hudson especially scored marked ad-
vances, while Reading and Jersey Central
were moved within narrow limits, though
the last-named displayed more strength than
the general list. Chicago Gas was again a
feature and rose to above So, becoming one
of the leading active shares. The result Of
the sale of the Wabash was announced late
in the day. and the stocks of that road be-
came prominentlmmediatel tor strength and
animation, the preferred scoring material
Pullman developed weakness toward the
close and declined 2 per cent, but in no other
stock was there a feature or movement of
importance. The market displayed some
were only steady, while Union Pacific and
Omaha were down % per cent each. New
England became the leader at first and
moved UP nearly l per cent, but soon re-
tired and remained dull throughout the re-
mainder of the day. Several stocks dropped
but toward noon the coal shares came to the
front, and their strength was soon impaired
TO the rest of the list, which, however. made
but slow progress Toward delivery hour
the Western stocks again became prominent
and the market took on stronger tone than
at any previous time during the day, and
Atchison, Lackawanna Chicago Gas and
Transcontinental were all prominent in the
last hour. The close was quiet but firm to
strong, and generally at the best figures.
Pullman is down per cent and Tennessee
Coal 1. but Wabash preferred rose lI2,
Omaha preferred 1sb and Lackawana 1lb.
The transactions in railroad bonds were
somewhat larger to-day, and the tone, .es-
pccially in the afternoon. when the greater
part Of the business was done, was decidedly
stronger, and at the close many issues were
materially higher than at the last previous
sales. No special feature marked the trad
ing, but the important advances include
Kansas City, Wyandotte 4 Northwestern Is,
3la to 96H2, and Texas Central Is Of 1909,
to AZ. Government bonds have been DUH
and steady: State bonds have been dull
and featureless.