St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-31
FINANCIAL.
New York,

o NEW YORK, Jan. 0.-Clearings to-day. $685.
$50, 500; balances, S4.741,4 Money on
call easy at 1l2@2 per cent; last loan, 2;
closing offered at 2. Prime mercantile paper,
4@6. Sterling exchange dull but steady at
S4s64 for sixty-day bills and SASSY for
demand. Specul ators are still awaiting the
final outcome of the efforts to create harmony
among the railroads in the West, and while
new buying of securities is confined almost
exclusively to bonds, no movement is made
in the stock market. After the little squirt of
yesterday the market drifted back again into
the most extreme dizziness to-day, and the
dealings were principally scalping for eighths
and covering operations of the smaller bears.
The business done was only abou two
thirds of that of yesterday, and four
stocks monopolized the greater portion
of that. drive was made at Atchi-
son principally for Boston account, but the
result of the attack was insignificant. Bos-
ton, while bearish upon Atchison, is bulllSh
upon New England, and the latter stock
came into prominence to-day and showed
more strength than any active stocks, and is
the only one of them showing marked i'm
provement this evening. The directors OF
the Delaware & Hudson passed a resolution
increasing the rate of dividend to per cent,
and that stock again moved up materially.
although the advance brought out some
stock and it closed something off from the
best price. The action had no effect what
ever upon the other dealers, although Read
dealings throughout the day, fuctuating,
however, within the narrowest limits. The
specialties were strongest, and all the
marked improvements were made IN
those stocks sI,on Big -Four beng the he
displayed and closing at its highest figure.
The opening prices were somewhat Irregular
but generally lower as compared with the
final figures of last evening, and Atch1son
developing decided weakness in the early
tro6 intof 1rfh Qir1n6
over most of the list. The trading was con-
fined 10 about half-dozen stocks, and the
weak tone quickly disappeared, everything
except Atkinson soon reaching higher hg,
ures than those OF the opening: The fiuctu-
ations were confined to the smallest fractions
and the market drifted into the most intense
dizziness, which continued uprelieved except
by the strength developed in a few stocks
until the close, the tone continuing firm
throughout and becoming more pronounced
dull but firm generally at about the best fig
ures The final changes in the active stocks
was somewhat irregular and for small frac-
tons. except advances of 3lsc in
Big Four, and per cent in New England.
The railroad bonds were still very active, al
though the aggregate of the sales showed
marked falling off from that Of the past two
days. The Reading issues were still the
leaders for activity. Notwithstanding that
their totals were much reduced, and the Fort
Worth & Denver lists also became promt.
nently active. The Reading As contributed
$377, 900. the lists $139 900, the ends $142,-
900 and the Fort Worth & Denver lists
$199, 600 to the full DAYS total Of $2,717,.
900. The tone Of the dealings was not IN
varyingly strong to-day and some bonds
are lower, but most Of the list show advances,
and Jersey Central convertibles rose 2la to
1875; Morris & Essex rs of 1900, 21a to 125
and Illinois Central 3alA, 3A to 95. Govern
ment bonds were dull and steady. State
bonds were dull and featureless The total
sales OF stocks to-day were 152,467 shares,
including: