St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-27
FINANCIAL.
New York.

New YORK, July 26.-Clearings, $685.
800, 795; balances. S.: l1O,O76. Money easy
at I2@3 per cent last loan 112 per cent, clos
ing offered l per cent. Prime mercantile
paper. 4S4@6l2. Sterling exchange is quiet
and steady at 81. 1874 for siXty-day bills and
S4S74 for demand. To-day was another
dull and almost featureless day upon the
stock exchange, though the aggregate of the
business done was somewhat larger than that
of yesterday. The dealings, however, were
on the same limited scale, except in one
stock, and the fluctuations were confined to
the same narrow range, while the result of
the days operations is to leave the list with
fractional changes about equally di-
vided between gains and losses. The
nows of the day was Of no special
importance. the only rate cutting being by
the Denver, Texas u Fort Worth. while the
general drift of the rumors circulated was
bullish. London again showed its conf
dence in the values of American stocks by
sending higher quotations than our last
nights figures, and both London and Chi
cago were buyers of their favorites during
most of the day. The commission houses re-
ported rather more orders from the outside,
and the temper of the room of the room this
morning was bullish for a turn which had
the effect of opening the market at generally
from rs to 12 per cent higher than last even
ings prices, while Missouri Pacific was eX-
and Northwestern and Jersey Central
were both lower. The early deal
ings were extremely featureless, though
the c. G., G. Il st. Louis stock moved up
sharply and soon scored a handsome ad-
vance. Later the movement extended to the
rest of the list, and ST. Paul. Union Pacific
and New England took the lead in the up
ward movement, followed later by Missouri
Pacific and AtchiSon, though in none of
these was the advance for more than frac-
ton. After noon there was the usual marked
decrease in the amount of business done, but
the advance met with no check, and toward
delivery hour most of the list were at the
best prices of the day. News came from
Philadelphia, however that Reading was
disposing of Its surplus generals to obtain
money to complete its contemplated
terminals, and laid was made
upon that stock which carried it
down l per cent Lackawanna following.
The movement spread to the remainder of
market then declined, and in many cases the
gains of the forenoon were completely wiped
out. The market finally closed dull. but
weak at close to the opening prices. There
were no important final changes whatever
Dizziness still continues to in crease in rail
road bonds, the total sales of all issues to-day
being only S699, 900, but there was special
animation in the Reading As owing to the
before mentioned rumor, and they contrib
ted $12l, 900 to the total. There was the
same lack of character to the dealings in the
rest of the list, and the important changes in
quotations are few i'll number. Government
bonds have been dull and heavy. State
bonds have been dull and without feature
The total sales of stocks were 17S, 1872
shares, including: Atchison, 20,660 Louis
vile & Nashville, 1905; Missouri Pacific,
5000 New England, $3.50; Reading, 81
420: st. Paul, 32.560; Union Pacific, 5000