St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-26
FINANCIAL.
New York.

NEW YORK, March 25.-Clearlngs,
s64, 4S9, $40; balances, S3,567.6s5. Money
on call was easy at 211a to per cent;
last loan, 8; closed offered at 8. Prime
mercantile paper, 414@64. Sterling
exchange was dull but firm at S4.S5$4
for siXty-day bills, and S4.SSs4 for de-
mand. The total sales of stocks to-day
We're 2 99s shares including: Atchi-
son, 1850; Delaware, Lackawanna 81
Western. 14.17O; Erie, 5000; Lake
shore, 5,415; Missouri Pacific. $3.50;
Northwestern, 1928; New Jersey Cen
trail, 3, 400: Reading, 5000; Richmond
& West Point. 3.425; st. Paul, 1O,475;
Union Pacific, 10000. The stock mar
ket began the new week with
feverish and weak tone on a
very moderate volume of business,
the grangers, SOuthwesterns and
coalerS being most prominent in the
dealings. There were two principal in
fuenceS which worked against values
to-day, the first being that the liquida-
ton in Burlington invited further bear
attacks, and the weakness in the stock
spread to the rest of the list. Second,
the approach of the April settlements
caused hardening in the rates for
money, and as high as per cent was
made FOR accommodations on call. On
third week in March show very favora-
bly,, but seem to count for less than they
would were other influences not so pow
erful at present. The annual state
ment of the Jersey Central also was a
factor; but, while it was sufficient to
advance the price of that stock
some 21a per cent, it failed
to reach the rest of the
list to any appreciate extent, and could
not keep Jersey up to the top notch. The
grangers, land especially Burlington and
Northwestern. AMI to lesser degree
Atchison and Rock Island, attracted
most attention to-day, and the selling
movement in those shares was very pro-
nOunced at one time, and served to
bring everything down below first
prices. The activity in Burlington was
greater than has been seen for long
time, and the stock yielded 211S per cent.
closing at its lowest figure. There was
also drive at Reading in the afternoon,
and while the stock was better main
tanned than Burlington, it closed with a
material loss. A feature of the day, in
view of the weakness of the general
list, was the renewed demand for the
investment shares. all of which
sold at somewhat higher figures than
those ruling of late. The opening was
quiet and fairly steady. and. while the
feeling was not bulliSh, the early de-
mand advanced quotations fractionally
in the first few minutes. The pressure
upon Burlington, however, rapidly
lowered that stock, and everything
yielded to the influence more or less.
There was general rally toward noon,
when Jersey Central rose rapidly, and
even Burlington apprOXimated its OPEN
ing price. Later, however, the pressure
was renewed with force, Burlington,
Rock Island, Oregon Improvement and
some others reached the lowest prices
of the day. There was another feeble
rally toward delivery hour, but the de-
cline again became general and
the close was quiet, but weak in
most cases at close to the OPEN
ing figures, but the weak stocks were
at the lowest. Most Of the active shares
are fractionally lower tonight; but
Oregon improvement is down So; Bur-
lington 214, while Jersey Central rose
~ and Pullman 13s. The railroad
bond market was quiet to dull, the
sales of all issues aggregating only
Grande Western assented bonds show
ing any animation, furnishing S134, 600
to the days total. There was no other
feature to the dealings and the course
of prices was quiet and irregular, the
final changes being evenly divided
between gains and losses. which are
for fractional amounts In but few cases.
Among those which are higher,
Jersey Central debentures rose 2
to 10S; Missouri IS, 2 to 1O6
The declines include Houston
& Texas firsts, receipts 3 to 1881; st.
Louis, Vandalia 81 Terre Haute guaran-
teed, to 10, and South Carolina in
comes, 2X@51S. Government bonds
have been dull but firmer. State bonds
have been dull but steady. Petroleum
opened steady at 914c. There were
few selling orders in the market, and
light buying by standard Oil brokers
caused gradual advance, on which the
market closed firm at 92c. Sales, 7S9, 600
bblS