St. Paul daily globe., 1889-02-08
FINANCIAL.
New York.

New YORK, Feb. 7.-Clearings, 1923, ,316,-
1863; balances, s6,57os2I, Money on call
offered at ll2. Prime mercantile paper,
4@6. Sterling exchange dull, and weak at
81 S534 for sixty-day bills and Si.SS for de-
mand. The stock market again gave evi-
dence Of its broadening tendency to-day, AMI
except for fractional setback continued
strong all the way out closing at the best
figures. There. was renewed buying at the
list by commission people and the purchases
more than usual of late extended largely to
the speculative stocks and prospective divi-
dend payers, while the usual leaders of the
speculation were comparatively quiet. The
Northern Pacific group came into prominent
prominence and slowly worked up without
any marked movement, while the grangers
were ouieter than for some time while their
prices were vel. held. As usual of late all
the marked advances were in the W-priced
shares and inactive stocks led by Pullman,
which rapidly mounted, crossing 200 and
showing at the best figure a gain of over 6
per cent. Other marked advances were
made in Lake Erie 4 Western, Dever, Texas
d Fort WORTH Oregon Navigation and Chi
cago & East Illinois The Nanderbilts, with
the exception of c. c. c. IL l., were quiet
and without feature, but the last named
stock, after slight upward movement, was
raided down ) per cent, although the loss
was very nearly regained at the close. This
attack had the effect of inducing realiZatIons
all over the list, and the bouyant tone which
DaQ Dccn ucNelODeu III tHe GuTlN USdlIllS was
suddenly checked and the majority OF the
list retired to something below the opening
figures. The bulls asserted themselves
quickly, however and the upward move
ment was soon resumed, and throughout the
rest of the day there was no setback of i'm
portance. London was buyer again to q
moderate extent, and the selling by outside
parties was not so marked as it has been dur
ing the past week. Opening prices were
generally from ls0la per cent above those of
last evening, and further fractional gains
were established in the early trading, but the
attack upon c. C. G. d ]. checked the upward
movement and everything retired. Com
parative dulincss followed the decline, but
the strong tone quickly reappeared and
the Northern Pacific coming to the
front. the losses in most Of the list were re-
gained before noon. Atchison and Lake
Erie d Western developed weakness in the
afternoon, but later there was recovery and
Pullman took the lead. There was no fur
ther change i'll the temper of the market and
ure until the close. which was active and
strong at the best prices OF the day. The
total days business was 36l .025 sh;s<Dl and
Reading contributed 1920. The final
changes are almost invariably in the direc-
ton of higher prices, and Pullman rose 5h,
Lake Erie q Western preferred 28z. New
England lss, Chicago & East Illinois pre-
ferred 1Ia, Oregon Navigation 2, and others
fractions. The railroad bond market was
less active and not SO uniformly strong
to-day, and while some irregularity was
shown the final changes are IN the direction
of higher figures, and in most cases for frac-
tional amounts only. The principal ad-
to 10334; Gulf, Colorado & Santa Fe seconds
toS3; Long Islaud IS, $ to 115Is; Louis
vile, New Albany Il Chicago cOnsols. to
97i3 Milwaukee, Lake Shore Il Western