St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-21
New York.

New York.
NEW YORK, June 2O.-Clearings, S11S,-
call easy at 212l2 per cent; last loan 2 per
cent, closed offered at 2 per cent Prime
mercantile paper, 3A@5l9. Sterling exchange
quiet, but steady at S4.S7 for sixty day
bills and 81. 1894 for demand. The stock
market was less active to-day. there being
less disposition to trade than on any day for
a week past The news of the day was not
of special importance, though the usual re-
ports Of rate cutting in the West, besides
other troubles, were talked about. but they
seemed to have but little influence over the
course of prices. The denial that the Rock
Island intended to leave the interstate assocl-
alton, with the unexpected buying orders
in the market from London this morn
ing, completely wiped out ., every ap-
this morning and first prices were
generally from 1s 10 W per cent higher than
last evenings closing figures. The smaller
shorts fastened to cover, and the result was
The bears. however, could not give up the
fight SO easily, and demonstration was
made against the list, with the result Of
bringing Union Pacific, which was fair
mark because of the threatened strike of its
engineers, down nearly l per cent. Lacka-
Island and Atchison followed, with the gen.
eral list showing slight losses. The force of
the movement was spent in the first half
hour. however, and better tone soon spread
ing. 1t reached 1147s, the highest point
yet. Oregon Transcontinental was helped
by the announcement by Mr.. Vii
lard that he did not intend to
liquidate Transcontinental, but proposes in
due time to reconstruct the company on
better financial basis, which will be greatly
to the advantage of stockholders. The stock
rose about l per cent to 81. Dizziness be-
came the most conspicuous feature OF the
market afternoon, but prices continued to
upward movement. which extended to about
LIZ per cent with Delaware d Hudson and
Lackawanna leading. The suits to abolish
the voting trust in Reading attracted no at
tention, and seemingly had no effect on the
stock. realizing movement began in the
last hour, and prices moved off quite rapidly
i'll some parts of the list, Atchiscn, New
England and Lackawanna leading. just be-
fore the close there was another lot OF
gold ordered for export and this helped the
downward movement, the market closing
quiet but heavy and close to opening figures.
The final changes are all for fractional
amounts with advances in large majority.
Dragon Navigation and Western Union sold
moderate business in railroad bonds and the
regular firm tone, with slight fluctuations
and lack of special features. The sales of all
issues reached S1,63G, 900. and Reading ds
contributed S137, 900. the second incomes
100000 and the Erie Is $1O7, 900 to the
grand total. Kansas & Texas consols Is rose
2 to 96y4. Ohio, Indiana d Western lost So
40. Government bonds have been dull and
steady. State bonds have been dull and
without feature. The total sale of stocks to-
day were 21O,425 shares, including Atchi-
son, 1,6S5: d. L. & Western, 22,UO0; Mis-
souri, Pacific, 1851; Northwestern, G.65O;
Northern Pacific, pfd, 1000: Oregon Trans,
$3.50; Reading, 24,5OO; St. Paul, 3O,712;
Union Pacific, 14,917: Western Union,
800.