St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-27
r. M. NEWPORT & SON
lnveStmll; Bankers,
49, f53 and 154 Drake BfocG. ST Paul.
MINI.
Buy and sell Stocks. Bonds and Real Estate
FINANCIAL.
New York.

New YORK. Dec. 26.-Clearings. S135, $780,
sos; balances, So. 93.i.59l Money on call
tight ranging from J to 10 per cent; last loan
10 per cent; closed offered at 10 per cent.
Prime mercantile paper. 534GI7l2 per cent.
Sterling exchange quiet and weak at S4.S04
for 63day bills and il. 81 for demand. Ow
ing to the closing of the London stock eX-
change to-day and the extremely slim attend
ance at the board. the business zone in stocks
here was on the same limited scale as that of
Tuesday, and the fluctuations, except in a
half dozen stocks which mOnopHliZed ell the
interest in the speculation, were made within
a range of less than II per cent. The feat
ures of the fOrenOons operations were the
selling of Lackawanna ana Reading short to
a limited extent and the buying of Sugar Re-
tneries in response 10 the widely distribut-
ing points 10 buy which were circulated ut
the opening of business. The coal stocks
were sensibly affected by the continued I'M
seaSOnable weather and reports OF
partial cessation of work in the cOlieries, but
little impression was made upon their prices,
and the endeayor in the afternoon TO recoup
the short sales OF the forenoon resulted in an
advance which completely wiped ont the
losses of the morning. Sugar was bought on
a story that the capital stock was to be re-
dueed by q cancellation of certificates. II
made q material advance in the forenoon,
rising per cent from its lowest point, and
finally closed with gain of one for the day.
Pacific Mail was strong also on the rumors of
increased compensation for the transoorta-
ton of the mails, but it occupied a small
place in the market. There was fair trading
in Missouri Pacific, which, after decline of
Slc in the early dealings, fully recovered, the
dealings in the stock possessing no particular
significance. Tennessee Coal made one of its
spurts. and Denver, Texas & Fort Worth was
weak. but the rest of the market was entirely
unchanged though one or TWO stocks showed
fractional declines. The general list pre-
scented firm front throughout the whole day,
but the fluctuations were SO small that no
character was given to the dealings, and
in the afternoon the market was as
near total stagnation as is possible to get.
The close was dull but steady to firm at
about opening figures. The final changes
are for insignificant fractions, except in
Tennessee Coal which rose lac. Railroad
bonds as usual were more active than stocks,
the business aggregating S966. 600, but the
market failed TO present as strong front as
usual of late and weakness was the principal
feature in the forenoon, while better tone
prevailed later in the dny. The dealings
were without feature of interest and the final
changes are irregular.
The Posts financial article says: There
was disposition manifested to-day to look
for lower prices for the next week, owing TO
the continued cloSeness of money, and
which will scarcely be relieved much until
after the first of the year. Call loans in the
forenoon were 8. z end per cent, and
check speculation, the aprrehensions of
temporary pinch before the interest and
dividend disbursements could relieve the
money market to have an effect which, in
conjunction with the usual holiday dizziness
makes lower prices. Governments duh. but
firm. State bonds dull and steady. The
total sales of stocks to-day were &C. 100
shares. including: Delaware, Lackawann a
d Western. 20,600; Missouri Pacific, Is ,O63 !;
Reading $500.