St. Paul daily globe., 1889-12-13
FINANCIAL.
New York.

New YORK, Dec. l2.-Clearings. Sl33.I9S..
1872; balances. S7,57 - 1853. Money oil call
easy, ranging from to u per cent; last loan
4, closed offered at 3 per cent Prime mer-
can't. paper, "0Il2 per cent Sterling ex-
change quiet and steady at 81 80,2 FOR sixty
day bills, and ST. ~4A for demand. The
dealings in the railroad list in the stock
market to-day were smaller than for any 1ull
day for some time past and the transacuonS
were on the same limited scale, the apathy or
the traders making u market which without
the operations of the bears would have been
as devoid OF features as on any day in mid
summer. Money ruled easy at from to D
per cent but outside of the few purchases by
London, there was no disposition 10 buy and
the bears being still wary of selling the gen
eral list again confined their speculations
to a few stocks which they founo vulnerable.
There was some buying of Western Union in
the early part of the day, which looked ike
covering of shorts. and on which the stock
moved up and reached tractionally. better
figures than OH yesterday. but the demand
was soon satisfied and The stock sent back
into dullness and moved with the rest OF the
list. New England. Missouri Pacific and st.
Paul were the only stocks Of the regular list,
other than Western Union, to show any AMI
nation, and the first named Sagged of slowly
throughout the day, but its extreme fiuciua-
tions was only rs per cent. Missouri Pacific
was sold on the supposed postponement OF
the meeting of the directors which was called
for the 18th. Sugar was the great feature OF
the day, and 1t seemed TO have absolutely no
support whatever and was weak without in
terruption from opening to close. the bear hav-
ing NO difficulty in selling il off from 81 10
56Ac. The coal stocks of course came in
for their usual quota of attention from the
bears, and while the pressure was again very
heavy against Reading iC was more upon
Lackawanna, and large amounts of the
stock changed hands at steadily declining
prices. Among the specialties Chicago Il
East Illinois preferred developed again
marked weakness, and was sold down from
S6H TO >3A, but there was no other feature
whatever i'll the regular list. Cotton Oil
showed marked strength in the forenoon.
but lost the improvement later in the day.
The opening was steady and tame. and after
the first sales the strength in Western Union
served as support to the general list
downward march. There was slight
ra:ly in II toward tow I'd. ., IL ao o'sloek, pei x,
downward course was thereafter unlnter-
rupted. The regular list soon felt the infiu-
ence of this steady downward movement
and the early strength gave way to droop-
ing tendency which finally wiped out the
small Improvement. and the market closed
quiet and heavy generally at shade under
the opening figures. Railroad bonds con-
tinue to show moderate degree of activity
Notwithstanding the dullness i'll shares, and
the business to-day reached S1,5o7 900. of
which 5 .36. no were in Gulf. Colorado and
santa e llStS. Inc market WAS Qult6 lfrGSu'
lar. and the bonds above mentioned
were one of the strong feat
ures the Louisville, New Albany and
Chicago issues being another. Louisville.
New Albany q Chicago firsts rose to 10,
the seconds ga to l"2S, and Minneapolis d
st. Louis seconds 10 TO %. The Post says:
THE earnings of ell the Vanderbilt roads Gn-
cluding the G., c., C.'s) have been so good
that they have been steadily absorbed for in
vestment. Both New York Central and Lake
Shore are sure to declare their extra l per
cent dividends this month, while there are
reasons TO expect some favorable change in
the Michigan Central dividends and c., G.. d
C.'s common has now become an established
dividend payer though the rate per annum
has not been fully defined by the first diyi
dend of ll2 declared last week. On the
other hand, the coal stocks are feel
ing the effects of the continued mild
weather, which is leaving them without the
usual demand for coal, and though Lacka-
wanna aud Delaware d. Hudson will pay
their usual dividends anyhow, the poor pros
poets of the coal trade have undoubtedly
caused some selling of investment stocks of
even these two best of the coalers, while
Reading is only sustained from an important
decline by the suppor, of q pool. Govern
ment bonds have been dull but firm. State
bonds have been dull and strong. The total
sales of stocks to-day were 249, 224 shares
including: AtchisOn, 1900; Delaware,
Lackawanna & Western, 53,5 9; Lake shore,
5000; Missouri Pacific, l2.47O; Northern
Pacific, preferred, 5,572; New England, 49,,
900; Reading, 20. so; ST. Paul, $500;
Western Union. l .4I6