St. Paul daily globe., 1889-05-03
FINANCIAL.
New York.

NEW YORK, May 2.-Bank clearings TO-DAY
were $94, 1888, ,414; balances, So, ,276, ,le5.
Money on call was easy at 2@212 per cent;
last loan, 2la; closed offered at 2. Prime
mercantile paper, 3A@5A. Sterling ex-
dasnf sag s Gg aad s se f Si s4y TSe
total sales Of stocks to-day were 245. 5.OO2
shares, including: Atchison. 22,99O; Della
ware, Lackawanna g. Western, 1000;
Louisville & Nashville, Is, 800; Missouri Pa.
cifie, 8, 1876; Nor.hwestern, 2o,950; Norfolk
9, 200; Reading, d5,907: Richmond &
300; Western Union, 9,5l4. The
stock market to-day was again mod
erately active and showed a strong front al
made over the list with the grangers in the
lead. There was good buying for both for
eign and domestic account and the Boston
stocks especially were very prominent in the
upward movement, and although the bears
made powerful demonstration against the
list in the forenoon the impression made up
on values was only fractional. The opening
was strong after the three days holiday and
most stocks showed advances over last Satur-
eeS es eebng Mhsg gafS gcnson OF rem y S y
with a gain of "a. The speculation was
centered in the Western stocks,
Atchison, Northwestern, Burlington and
early demand stimulated the list, and the
opening gains were supplemented by further
advances all over the list, and Pullman,
which was selling ex-dividend. almost recov-
cred the dividend III the first hour. The
bears, however, resisted the advance with
vigor, and making their attack more es-
pecially upon Union Pacific and Reading,
brought the list down fractiOnally from the
best figures. The statement of the Burling-
ton & Quincy for the month Of March,
again stimulated the buying and under
the lead of Burlington and the other West
ern shares, material gains were made before
noon. Even the weak spots like Union Pa
ciic and Chicago has recovered the losses Of
the first hour. III the afternoon the market
became less active, but the upward move
ment met with no setback, though, except in
the coal stocks, which became the favorites,
and especially Lackawanna, the gains were
for small fractions only. Burlington, Louis
however, were still very prominent. West
ern Union also came to the front on o rumor
that O syndicate had offere to buy MI.
Gould's holdings. and Manhattan, Texas
Pacific, and the Wabashes were higher in
sympathy. The rise eliminated toward 2
action Of slight fractions from the highest
figures and beyond the renewed activity in
Burlington, there was no feature Of interest
in the final dealing. The close, however,
WdS HILL " SJIOuS tuOuSu 4ulob ~ dDOub tllc
best prices Of the day. The unlisted de-
partment was very quiet, and Brunswick is q
shade lower at 207sc. The great majority Of
the active shares are materially higher to-
night, and Burlington rose 2Ac; Manitoba
1Sc; Canada Pacific 1ssc; Rock Island
112c; Missouri Pacific lac; Oregon Transfer
Continental 11sc; Lackawanna and the 9TH
ers fractional amounts. Railroad bonds
were also active and decidedly stronger, the
sales of all issues aggregating $2.471, 900,
of which Texas Pacific I'd in.
comes furnished 1921, 900; Ft. Worth
and Denyer lists. $1O6. .OyO, and the Duluth,
South Sfore & Atlantic lists 100000. There
throughout the day, and prices steadily rose,
the most marked advances being Kansas &
Texas 5s. 2A to 54A the rs, 2 to 90; Mani
toba 4las. 3 to 103. South Carolina lists, 5 to
93, and Tennessee Coal Tennessee division,
2 to 81. Government bonds have been dull
and steady. State bonds have been dull and
steady.