St. Paul daily globe., 1889-05-25
FINANCIAL.
New York.

New YORK, May 24.-Money on call was
easy at 2@3 per cent; last loan 2, closed Of
fered at 2. Prime mercantile paper, 3la@
s4.s7A for sixty-day Bills and $3.50 for de-. e.
mand. The total sales of stocks to-day were
44O. 693 shares, including: Atchison, 6S,-
100; Delaware, Lackawanna 4 Western, 32,-
900; Denver, Texas & ort Worth, $3.50;
Pacific, 1889: Northwestern. $4,000; New
Jersey Central, 5000; Northern Pacific,
1860; Northern Pacific preferred, 1856;
Reading $3.50; Richmond & West Point,
11.13O; St. Paul, O,442; Union Pacific, H.
seS MeEsIn 47s naanep Tnon sS?9 eearag ne
stock market, after continuance of the ex-
traordinary strength of the past few days,
met with setback in the afternoon and re-
action OF moderate extent was brought
ally lower than those Of last evening. The
traders and professionals have been talking
and working for a reaction for the past three
days, but the impetus of the upward move
ment was so great that the hammering was
of no avail. This morning there was re-
newal of the heavy buying of the past few
days and the transactions were larger than at
any time, yet, though the tradings were
mostly in Atchison and St. Paul. 1t the lat
ter stock it was thought the earnings for
$500, 900 and the earnings Of St. Paul for
ing, showed a gain Of over $50, 900. St.
Paul advanced. to 74l9c, and Atchi-
son 437sc, and the others following
and Jersey Central took squirt, and later
materially. The engagement Of about
$3,G0O.OOO gold for export, however,
brought the bulls face to face with the dam
ger Of an advance in the rates for money
eign account, especially in st. Paul and
Transcontinental. The bears took courage
and the buying slackened off. there was
change in the temper of the specuIations
and the market became more quiet and
prices yielded to the pressure of heavy real
izing. Jersey Central was the first to drop
and it lost all of its forenoon's advance.
Weakness developed in several of the spe
cialties and the leaders sagged off,
though the fluctuations were made
rule until near delivery hour, when
there was sudden upward squirt in Man.
haitian. which, however. had no effect upon
the remainder of the list, as the grangers
and coalerS became weaker in the last hour,
and generally closed at the lowest prices of
changed from the opening figures. Among
the low priced shares. there were some wide
movements, and San Francisco common was
specially strong, as were also Denve r, Texas
Il Fort Worth and Kingston d Pembroke.
The close was heavy and active. In the un-
listed department there was less animation,
though lead trusts, sugar trusts and cotton
oil were largely dealt in, the first named
showing marked strength, but among the
wick was more active at slightly higher
figures The final figures almost invariably
show declines OF small fractions, and the
only important loss was per cent In Oregon
TranscOntinental. Railroad bonds were less
dealt in with only one active bond-Ft
Worth 4 Denver frsts. The tone Of the
market was firm to strong, but the changes in
quotations are small and un1mpOrtant, eX.
Texas frst's ex-coupon rose 2lb to S2lk, and
Milwaukee, Lake Shore &Western incomes 5
to 1OS. Government bonds have been dull
and steady. State bonds have been dull and
steady to firm. Petroleum opened steady ct
hour, advanced to 847b on covering Of shorts,
but reacted later and closed steady at 94ls.
Sales, 702, 600 bbls.