St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-02
FINANCIAL.
New York,

NEW YORK, July 1.-Clearings, $75.731,.
4O5: balances, s., 2S6. &C., Money on call
easy at 4@5 per cent; last loan 4, closed
offered Mt 4. Prime mercantile paper. 40
5A Sterling exchange dull but steady at
81 S6I. for sixty-day bills and SASSY for
demand. The stock market to-day was ex-
tremely dull throughout especially in rail-
road stocks, of which only St Paul and At
Atchison showed any animation whatever.
The trusts were fairly active, though lead
and sugar monopolized the interest in that
class of securities. The speculation, how
ever, had all day long rather O holiday
aspect and little is expected to the
remainder of the week, owing to the
holiday cutting the week in two, and
many brokers have gone away to stay the
entire time. There was better tone to the
market from the opening, and London was
buyer, which gave much announcement to
the advocates of higher figures. The pur-
chases for foreign. account, however, were
small and in large market would have at
tracted no attention. The fluctuations in
the general list were confined throughout to
the smallest limits, and outside of the two
stocks before mentioned there was actually
no feature at all in the usually active list
Atchison was remarkably weak in the fore
noon on rumors that the company had been
compelled to borrow money for the July in
terest, and the old talk of a receiver was
heard in some quarters, which. while. it
gained no credence, served to give
after the first hour, however. the
stock remained steady and became much
less active. There was considerable pressure
also upon st. Paul in the forenoon, but the
effort met with no success and later i'll the
day the mora hopeful aspect of the Western
railroad situation sent that stock ny fraction
ally above its last Saturdays price. In the
trusts lead was still the most active, but it
deyeloped some weakness after II O'Clock,
and reacted slightly. The fluctuations in the
stock, however, were small, and did not eX-
tend over range of l per cent during the
day, while the early loss was recovered.
Sugar continued its rise of last week, and in
the first hour it advanced rapidly, scoring a
gain of nearly per cent, after which it re-
manned almost stationary until the last hour,
when it again moved up, ana closed at
1919. Among the inactive shares OF the
regular list Ohio Southern showed marked
strength, and later Southern Pacific moved
up materially, and finally scored q gain OF
Ia per cent The market closed very dull,
but firm to strong and generally at advances
of small fractions over saturdays figures.
Railroad bonds were quiet, but there was q
which, however. was entirely due to the in.
creased trading in the Chesapeake & Ohio
IS, which contributed 1911, 900 to the days
total of S1,187, 900. There was no other
feature to the dealings, and prices were hold
steady throughout the day, with very few
movements of importance. Duluth d Mani
toba, Dakota division IS rose ~ to ITO.
Delaware & Hudson registered rs Of 1891
lost 3ss@104%. Government bonds have
been dull and steady. State bonds have been
entirely neglected. The total sales of stock
to-day were 1879 shares, including At
Western. 300; Lake Shore, $3.50; North.
western. 9, 100; Reading, 9,940; Richmond
L. West Point. 3, 240; st. Paul, d, SIS. Union
Pacific, $3.50.