St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-15
FINANCIAL.
New York.

New YORK, Feb. 14.-Clearings, $751;
926, 943; balances, s4.79s.s75. Money on
call easy at 112@2 per cent; closed
offered at u. Prime mercantile paper.
4@6; sterling exchange quiet, but steady
at 1886 for siXty-day bills and $4.8814
for demand. The Western rail-
road situation had much better
aspect to-day, and this caused an i'm
proved feeling On the street which was
reflected in more general upward
movement, although the advances were
small but uniform. The Chicago adj
vices were of decidedly hopeful tenor,
and that center for the time being
ceased to be the fountain of bearish in
formation and the selling of the
grangerS was almost entirely confined
to the local operators for decline.
But these receiving no aid from the
usual source turned and began to cover
which resulted in making the grangerS
and cOalers, which have so lately been
the special weak points in the market,
the strongest stocks on the list. The
reports said that two more roads had
cess or failure of the undertaking rested
principally with the president of the
Illinois Central road, and as no one man
would be likely to put himself in the
position of general marplot, the infer
ence was that the end was not Tar off.
The earnings of the Northwestern and
Reading for January were both largely
in excess of those of last year, and this
was not without its influence in giving
the confident tone to the buying. There
was some hesitation In the early trad
ing, and the bears renewed their at
tackS upon the Burlington, but met
with no success whatever, and soon
ceased their operations. when marked
rally took place all over the list. There
was renewal of the effort in the
afternoon, but the same result fol-
lowed, and the stock was one of the
most prominent in showing gain at the
close. The specialties were again con-
spicuous and some marked gains were
made among them, while the general
list was firm, but without any very
strong tendency either way, and the
final changes are in most cases for in
significant amounts. The opening
prices were but slightly changed from
last nights figures. The market was
very quiet with firm tone, but the at
tack upon Burlington caused a yielding
all over the list and prices were brought
down to a shade below those of the
was its lowest figure for the day. Chi
cagO Gas was the strongest spot in the
list, and sudden change in the temper
of the general list occurred at ii
o'clock, everything moving up with
will, and the grangers and coal
ers taking the lead. The market
displayed more activity at this time
than at any other time of the day,
Dizziness followed and portion of the
mornings improvement was lost but
another raid upon Burlington falling to
have any marked effect covering was
INDUCED in to large extent and the
market again showed animation with
decided strength in the last hour. The
rebound in Burlington was very sharp
and the best price of the day was
reached just before the close which was
active and firm to strong generally at
fractional advances for the day. There
were no declines Of importance, Bur-
lington closed 15sc. Chicago Gas, 14<c:
and Big Four, and Chicago and East
Illinois preferred per cent. Railroad
bonds showed the effects of the improved
feeling and with somewhat lar
ger business displayed stronger tone
and final figures generally show advan-
ceS. The sales were 50, 10000, Of which
$45S, 600 were Chesapeake u Ohio IS and
$4,000 Erie Eds. The principal gains
were Denver 81 Rio Grande western
lists 2 to 9019. and Pittsburg, Painsville
& Fairport lists to 90. Government
bonds were dull and firm. State bonds
were dull and without feature. The
total sales Of stocks to-day were
256,23S shares, including Atchison,
1855; Canada Southern, $3.50; Della
ware, Lackawanna & Western. 80, $50:
Erie, $3.50; Michigan Central, ABB;
Missouri Pacific, 1000; Northwestern,
10,0e0: Reading, 1920; Richmond &
West Point, 1875; st. Paul, 1880;
Texas Pacific, $500; Union Pacific, H.