St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-25
FINANCIAL.
New York.

NEW YORK, Dee 24=Clearings. S157.7l0,.
go; balances, So 579, S79. Money on call
tight, ranging from 10 - per cent; last loan
at S. closed at bid. Prime mercan-
tile paper. 5I@G97l2 per cent. Sterling ex-
change dull and steady at S4.SOS4 for
sixty-day bills and 3.S4l2 for demand. OF
course. nothing of a market was expected OF
the DAY before Christmas, and almost no
market at all was had. the transactions in
listed stocks being next TO II not the smallest
ever seen in one full day at the stock eX-
change, There was no news of character
TO affect values, and the attendance at the
board being unusually small, the fluctuations
were strictly on q IlTity with the amount OF
business done. and in few of the stocks traded
added were extreme range OF values for
more than - per cent during the day. Inc
opening was steady, though few stocks
were slightly lower. in sympathy with the
LONDON figures, which, in all probability,
were as devoid of significance as our own.
The temper Of the room was publish at first
but soon changed, aud the traders who had
the floor. see-saWed prices back and forth be-
tween the limits Of small fractions through
ont the 0av The Gould stocks were most
prominent in the dealings. and Missouri Pa
cific was most active but failed t. reach five
figures nj the end of the day. There was a
little boom in Pacific Mail and Texas Pacific,
the latter road being reported to have accu-
mulated q surplus OF about S3OO,uOO
after spending the same amount on bet
termentS The improvement was all lost
later, but toward the close better tone again
existed and final prices are only insigniti-
cant fractions different from those OIL last
evening in every stocks on the regular list.
The trusts Sugar and Cotton Oil. were more
active than the regular list and the latter at
one time showed an advance OF nearly per
cent Il portion OF which was lost sugar.
after fluctuating over wider range than any
other stock traded IN, finished with a net
gain of "a per cent. The close was dull and
Steady to firm at the figures The ssle OF
unlisted stocks were 1920, Sugar contrlbut-
ing 1 l. 500. Railroad bonds were again more
active than stocks, the trading aggregating
s959,"OU ont OF which the Texas & Pacific
seconds contributed $3.50. o.. The mar
ket was firm. Among those which are higher
are International lists, to 1.O>!2 the
ends. 31j TO "A: Central Pacific 6s OF 1899,
10 to Il3 The Posts financial article says:
The frmness OF the market under the pres
ent extreme dizziness is an evidence OF the
general expectancy of higher prices for
stocks in January. though the prevailing
idea is that the Improvement VIII not come
until after the middle of the month, because
the interest and dividend disbursements
will not begin TO have much influence on the
money market until that time. The ex-
DericncG Of stock speculation, however, IS
that expectations which are so unanimous
are often disappointed, because all the
shrewd people try 10 forecast and anticipate
the future. If the future Of the stock market
in the present case depended on the 'ofes-
siOnai SPECTATORS, they would probably ex-
! perience the disappointment for the reasen
| mentioned, but it does not: it depends on he
money market and the general public outside
| OF the professional spectators, and these are
factors in regard TO which no very positive
| opinions can be expressed yet for application
| 10 Jannary and February. Many persons
who have thought carefully over the whole
| situation are not very sanguine about very
easy money during the first quarter of the
| year. Government bonds have been dull and
| Steady. State bonds have been dull and firm.
| The total sales of stocks to-day were 1884
shares. including: Delaware. Laekawanna
| IL Western, $500; Missouri Pacific, 1874
| Reading, $500; Texas Pacific, ,79o.