St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-10
FINANCIAL.
New York.

New YORK, April 9.-The clearings
to-day were $145, 707, 1884 balances, 81, $685.
391. Money on call was easy at 1904 per
cent: last loan, per cent; closed offered
at s per cent. Prime mercantile paper,
1906. Sterling exchange was dull but
firm at s4.S6A for 60-day bills, and S4.SSM
for demand. The total sales of stocks
to-day were 215,O60 shares, including:
Atchison, Sc, 100; Delaware, Lacka-
1920; Missouri Pacific, 1890; North
western, S,121; Reading, 1850; st.
Paul, 49, 76; Union Pacific, $500; West
ern Union, 4,9l5. The stock market
was dull, feverish and generally weak
in the forenoon to-day, but out
side of Atchison the declines
were Insignificant, and in the af
ternoOn there was more activity, accom-
panied by decided strength in all de-
partmentS, and the result of the days
trading is to leave almost everything on
the list materially higher than last even
ing, There was no character to the
market at the opening, and prices were
about at last nights figures, but the
closing of the Atchison books to-day,
with the idea that there would now be a
flood of stock offered, which had been
bought for the purpose of controlling
the election, induced raid upon the
stock by the bearish element, and while
the rest of the list stood still
AtchiSon was driven down over 2
per cent in the space of
an hour. Some sympathy with the
decline in AtchiSon was shown in Bur-
lington, New England and Missouri
Pacific, but the movements in the rest
of the list were insignificant, though
displaying declining tendency. Ru-
morS of business troubles in Boston
were circulated to assist in the down.
ward movement, but they seemed to
have little effect outside of the shares
mentioned. The market was dull until
the afternoon, when there was marked
change in the temper of the speculation
and st. Paul which had been held per-
fectly m0tionless throughout the fore
noon, began to show the effects of the
persistent purchases which are at
ributed to inside account, and on
an increased business it moved up
ward and the weak stocks of the morn
ing followed, even AtchisOn again
touching the opening price before the
close. In st. Paul there were rumors
afloat that Drexel, Morgan & Co., and
possibly the Vanderbilts would be rep
resented in the directory. while the in
creased earnings were very favorably
upOus vi UuC OllICl
stocks, however, displayed marked
strength and Denver, Texas d Fort
Worth, Lake Erie & Western preferred,
Chicago Gas, and Colorado Coal with all
the lea1ling active shares moved up
smartly. The upward movement cul-
minated toward delivery hour and
there was some reaction in the last hour
in which Atchison again lost about
point, but before the close there was
another rally, and the market finally
closed quiet but firm to strong, gener-
ally at about the best prices of the day.
AtchisOn is down "a and San Francisco
preferred ", but all the other active
shares are higher, and Colorado Coal
rose ~ and Omaha preferred Is; Den
yer and Fort Worth, Chicago Gas. Lake
Erie and Western preferred and st.
Paul per cent each, and the others
fractional amounts. There was larger
business than usual of late in railroad
bonds. the sale of all issues aggregating
81 SIS, 900, out of which Reading is fur
nished $17S,000 and Fort Worth IL
Denver lists 1885,, 900. The market was
generally strong from the beginning to
end, and almost everything traded in
shows gain. Among the conspicuous
advances Louisville 81 Nashville IS rose
81 to 1853, and Kansas 81 Texas 6s to
5513; Ohio, Indiana & Western lists lost
2 at u. and Ohio Southern incomes at
AZ. Government bonds have been dull
but steady to firm. Safe bonds have
been entirely neglected.