St. Paul daily globe., 1889-06-27
FINANCIAL.
New York.

NEW YORK, June 26.-Clearings $1O4,-
631 ,455: balances. S,25l l,ol5; Money on
mercantile paper, 3a4@5R. Sterling ex-
change quiet and weaker, with actual busi-
ness at Sl.S6R for siXty-day bills, and
S4.9Sl2 for demand. The stock market to-
day was quite irregular in its course, but
finally ended generally weak at fractional
losses from last evenings figures. The
trusts were again more active than the rail
road shares in the forenoon, and decided
weakness, especially in sugar, which was
the natural rising tendency of the general
market and restricted the dealings to very
small amounts. Opening prices were gen.
orally slightly higher than last evenings fig
ures, but only Reading, which was freely
supported by the pool, and Chicago 4 East
Illinois common showed any strength in the
early trading. The trusts at the time were
very active and feverish, while sugar was ex-
tremely weak OH the rumor that the decision
i'll the case of North River refinery would be
handed down tomorrow and would in all
probability be untavorable. 1t dropped to
ll3 from 117s4 last night, but after that
there was better feeling all around, and it
rallied to the neighborhood of lis, rising
the railroad situation, and the regular list
settled down to dullness and stagnation, and
the trusts, after the first excitement was
over, became comparatively dull, and
soon fell behind the stocks of the regu-
lar list in point of activity. Toward
noon, more decided strength was developed
in the market and Rock Island became the
leader rising over per cent, in which i'm
provement the other grangers shared. Dull
ness was the principal feature of the market,
however, until toward delivery hour when
there was batch of disquieting rumors
from the West put out and at the same time
the approach Of the 1st of July with its heavy
disbursements for interest and dividends
was felt in the hardening tendency in money,
the rate on call going up to + per cent, which
precipitated another downward movement
and cotton oil which had been held up we'll
during the day, suddenly gave way and San
Francisco preferred dropped per cent on
followed. New England leading the general
list and all the advances of the forenoon
were wiped out and fractions in addition
were lost. The close were fairly active and
generally weak. Of unlisted stocks there
trust furnished s4,727, cotton oil 81, ,O6O,
and sugar 27,2J7 With the exception of
ga per cent in San Francisco preferred the
final changes in the regular list are for frac
tional amounts only, with large majority of
declines, and in the unlisted department.
sugar is down 2la and cotton oil 17sc. The
trading in railroad points amounted to only
$500, 900 to-day. and dullness was the only
feature. There was in general a firm tone,
however, and most issues are slightly
active bonds made material changes from
their last reported sales. Hooking Valley
SKIES rose to 81: Cedar Falls & Minneapo-
lis firsts, 312 to ~; Missouri Pacific thirds,
2 to 100; South Carolina seconds, 5A to
55A: Toledo, Ann Arbor & Graud Trunk
frsts, 2 to 12O. and Ohio Southern incomes,
IA to 55A. Government bonds have been
dull and steady: State bonds have been dull
and without feature The total sales of
stocks today were 1e9,7a3 shares, includ-
ing: Atchison, 1897; Delaware, Lacka-
wanna & Western. 2O,24O; Lake Shore,
1920; Missouri Pacific, $3.50; Northern Pa
citic, preferred, 3,455; Reading, 4O,34O;
Richmond & West Point, 4,635; st. Paul
1921; Union Pacific. 8, 40.