St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-22
BANK OE MINNESOTA.
FINANCIAL.
New York.

NEW YORK, May 21.-Money on call easy at
2@21a per cent; last loan. 2; closed Of
5l2. Sterling exchange dull, bat steady, at
S4.SI for sixty days and 81. 50 for demand.
The total sales of stocks to-day were 364 600
shares, including: Atchison, 81 ,4S5: Eric.
1928; Missouri Pacific. S,5S5; Northwest
Northern Pacific, 33. 1907 Northern Pacific
preferred, 27.25O; Oregon Transcontinental,
4,645; Pacific Mail, 3, TO; Reading, 81. 800 !:
Richmond u West Point, G,365; st. Paul.
27,ss5; Union Pacific, 5,225: The stock
with the interest conferred manly
in grangers Wizards and specialties
and while the room was in favor
oft reaction, The buying was of such nature
as to prevent any marked decline in any
stocks, and to materially advance several of
the prime favorites. The buying was still
principally by the Chicago operators. but
there were sharp Improvements and large
transactions in the coalers, Filliards and one
or two others. The movement in the North
ing new was heard in the stocks. but after
the first hour the activity subsidized, and their
prices afterwards slowly yielded and both
are fractionally lower this evening. Chicago
Gas next took up the leadership of the mar
ket. and on large purchases was advanced
about 1l2 per cent, but it could not hold the
improvement in the face of sales to
realize, and hammering by the bears.
The anthracite shares became prominent
upon the announcement that there would be
a meeting tomorrow to talk over the situa-
ton with a probable advance in prices later
on, and Reading once more assumed its old
position as leader Of the market i'll point of
activity, and veryelarge blocks of the stock
were traded in. Jersey Central later felt the
stimulus and its final advance was nearly 2
per cent. The other, however were not so
prominentand their fluctuations of less i'm
portance. The buying OF the grangers by
The Western operators was the feature of the
day, and the strength of Burlington was
especially notable, the feeling among the in
sders being very confident, and on the an
nouncement of the declaration of the divi-
dend of per cent to-day. it quickly recov
cred its early slight losses and rose per
cent further. Northwestern, Atkinson and
Rock Island also displayed marked strength
in view of the temper of the room, but
ST. PAUL WAS SLUGGISH
and without feature. Oregon Transconti-
mental was s4c lower this morning, and rap
idly fell off 3 per cent, and the trading in the
first few minutes was marked by some sales
at sellers three-day, and some cash, but the
remainder Of the day was bare of such trans
actions, and the stock renamed dull and
steady until the close. London was a seller
to a limited amount. and the early prices
from that center were lower than our last
evenings figures. and first prices here this
morning were made from Ia to "a per cent
lower in sympathy. The early trading was
also marked by weak tone, and fractional
losses were sustained all over the list during
the first hour, but after that time there was
a decided change for the better in
cago Gas and the grangers became
the leading stocks. Ill the afternoon, the
coalers came to the front, but the highest
prices were generally reached toward l p.
m, when the bears succeeded in bringing
about another reaction. The last few min
utes of business, however, was turned to ac-
count by purchasers and the close was firm
and strong The unlisted department was
barren Of feature. except for the weakness
in cotton oil at the opening and only q
portion of the loss was recovered. Bruins
wick was steady at 22A@227sc. The final
changes are Irregular but there are advances
in majority and Jersey Central is up 17sc;
Pullman, 11Bc; Chesapeake d Ohio first
preferred per cent cent and Others FRACTIONS
was in Oregon Transcontinental
which lost 2Ac. Railroad bonds were
quite active to-day, but the animation twas,
like that in shares, confined to few leading
roads, and out OF the total days business Of
81, 941 900, Fort Worth & Denver lists con-
tributed $l25, 900, Reading 1st incomes
$4,000. and the Duluth, South Shore &
ings was at first rather heavy, aud declines
followed in all the prominent issues traded
in, but LATER under the stimulus of renewed
buying. the market improved. and general
recovery took place, which left prices but
slightly changed, and important differences
tonight are few in number. The advances
include Burlington, Cedar Rapids q North
Western LIST preferred Is 3 to 100, and Fort
Wayne lists, g to $50. Government bonds
have been dull and steady. State bonds have
been neglected.