St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-27
FINANCIAL.
New York.

New YORK, April 26-The clearings TO-
day were Ss9,629, 40; balances, S4.595,-
ZIG. Money on call was easy at 2@2H5 per
cent: last loan 2I3, closed offered at Gig.
Prime mercantile paper, 4@6. Sterling ex-
change dull, but steady at 81 81 for sixty
day bills, and 81. SSs4 for demand. The total
sales of stocks to-day were 153, 937 shares,
Lo uisviiIe & Nashville, $4,000 Northwest,
ern. $3.50; Northern Pacific preferred,
1857; Oregon Transcontinetal, $500;
Reading, 1890; Richmond d West Point,
7.440; ST. Paul, 4.S05; Union Pacific, s,44O.
The stock market to-day was less active,
and its temper offered marked contrast to
that of yesterday, being heavy and irreg-
ular throughout, with the net result
of leaving most of the list fractionally
again came very much higher than our last
evenings figures, ana the advices from that
center showed strong bullish feeling upon
American securities. The market, however,
responded only to, limited extent to the
strength in London, and first prices here
were generally but slight fractions better
than those of last evening, though Louisville
d Nashville was marked exception, being
up 5s per cent The traders continued bear
iSh upon the belief that the advance of YES
terday was too rapid TO last long. and while
London had many buying orders in the mar
ket, it appeared to be realizing upon Louis
vile d Nashville, and local operators also
realized freely upon other portions OF the
opening, and on a fair volume of business,
prices moved off fractionally. with Atchison
and Louisville d Nashville leading among
the active shares, and Tennessee Coal among
the low-priced stocks. Atchison and Manitoba
afterward displayed considerable strength,
but the market subsidized into dizziness. This
was relieved in the afternoon by a selling
movement in Union Pacific based upon the
report of the company for March, and the ac-
ton of the Northern Pacific directors yester-
day which it is feared, may lead to trouble.
Oregon Navigation Northern Pacific pre-
ferred, and Louisville & Nashville also be-
came prominent in the movement and the
TealiZations by the foreigners assumed larger
proportions. The decline was aided somewhat
byth ordering of 100000 for export, but
1.-The confidence in the continuance of the
foreign demand for American securities
checked the selling by delivery hour, as little
more gold Isl likely to go out if such demand
continues. The lowest prices were reached
about delivery hour, after which the market
was somewhat frmer, but closed heavy and
dull at about the lowest prices of the day,
the specialties, and Pullman advanced l " per
cent, but lost a portion Of the gain, while
Memphis & Charleston retired per cent. In
the unlisted department., sugar trusts were
others e we're epies and moved eve. small
277s on a light business. There were
a few fractional advances. and Pull
man rose per cent and Mani
toba 11a, but the great majority are lower.
and Memphis Charleston lost 2, and Texas
Pacific !. The dealings in railroad bonds
were of about the same nature as those in
shares, the market being quiet, while the
temper of the trading was sofhewhat mixed,
but was moderately firm to strong in the
forenoon. but weakened later in the day.
The final changes are quite evenly divided
between gains and losses and the advances
include Duluth SonthsShore & Atlantic SIS.
"a to 92A; the st. Louis division rs, to
llS, and the convertible receipts 2, to SO.