St. Paul daily globe., 1889-02-19
FINANCIAL.
New York.

NEW YORK. Feb. 16.--Clearings to-day,
S69.SS9, ,424; balances, 81, ,0l9. Money
on call easy at p and 2 per cent; closed
offered at. Prime mercantile paper,
4@6; sterling exchange dull but steady
al Sissy for sixty-day bills, and S4.SSM
for demand. The stock market to-day
Was fairly active, but while feverish,
irregular and unsettled in the forenoon,
was decidedly strong, especially for the
SpecialtieS in the afternoon, and final
declines are few in number. There was
a generally bullish temper at the OPEN
Ing this morning. tut London figures
came lower and that center apparently
was seller of its Speciates in the
early dealings, and the local and Chl-
cagO bears also were doing their utmost
to depless the list. st. Paul became
the special point of attack and it
yielded about point in the forenoon,
while the impression made upon the
rest of the list was slight and in
most cases the decline was over
not few instances, the opening figures
were the lowest of the day. The mar
ket was not long in showing marked
strong undertone, and the publication
of the earnings of the st. Paul and the
Northern Pacific roads for the second
week in February. each of which
showed gains of more than $4,000,
turned the tide all over the list and
everything moved up from that time.
Manhattan became feature, and on
large dealings for that stock was adj
vanced over three points, and with
Chattanooga, which rose 2 per cent, led
the upward movements. In the active
list London was purchaser of Erie,
and that stock, with New England and
st. Paul, were most active, although
their fluctuations were small. The
coal stocks and trunk lines were very
quiet and featureless throughout the
entire day. The concessions from Sat
urday'S figures at the opening extend
ed to 4 per cent, and the market was
feverlsh and irregular, with a generally
weak tone for the first few min
utes, when the general list developed
the same strong tone which has been so
marked feature for some days past.
The fluctuations were small and irregu-
lar throughout the first hour, but before
noon there were fractional gains all
over the list, with Tennessee coal lead
ing with gain of over point. The
market quieted down materially after
noon, but the upward movement be-
COlilC lIlOlC SCilCIOlj oiIS &h tOOh
the lead in the advance, followed later
by Chattanooga and Chicago gas. There
was no further change in the temper of
the speculation and the market finally
closed active and strong at about the
best price of the day. The active
stocks are almost invariably higher this
evening, the declines being few and un-
important. while Manhattan rose SIZE,
and Chattanooga 214c. the other gains
being fractional. The railroad bond
market was again active to-day, the
sales of all issues reaching 81, III 200,
and to that amount Chicago gas
and coke frsts contributed S274,-
600, Denver & Rio Grande
Western assented $155,0OO; Burling-
ton, Nebraska Is, $145,000, and the
Richmond Il West Point trust is, $l40.-
600. There was more decided strength
shown than Oh any day for week past,
and while there were few marked de-
clines, such as in the international sec
onds and the Ohio, Indiana IL Western
issues, the gains were uniform. and eX-
tended throughout the list. Most
marked of these were Morris and Es-
sex lists, 2 to 14S; Denver & South Park
Western Assented, 2 to S434, and Erie
incomes, 2 to 72. Government bonds
have been dull but firm. State bonds
have been dull and steady. The total
sales of stocks to-day were 22s,311
shares, including Atchison, 1926; Del
aware, Lackawanna Il Western, 1900;
Erie, 2s,l79; Kansas & Texas, $500;
Lake Shore, APO: Louisville & Nash
vile, 4,4SO; Missouri Pacific, 3,201;
Northwestern, 1O,7S5; Oregon Trans
continental, $40; Reading, $500; Rich
mond & West Point, 5.5l0; st. Paul,
25,47O; Union Pacific. $50.