St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-11
FINANCIAL.
New York.

New YORK, Dec Chickering's, S156, 9l6.-
233; balances, S6,3S5,26S. Money on call
tight. ranging from to 10 per cent; last loan
PAPER 66a7l2 per cent. Sterling exchange
quiet and steady at 81. SO4 for sixty day
bills and S4.S4 for demand. The stock
market to-day showed more animation i'll the
unlisted department than for some time past
and the aggregate of the business done was
considerably larger than that of the past few
days. The general market displayed a steady
hardening tendency throughout the greater
portion of the day, but late in the afternoon
q per cent, suddenly advanced to
Il, and stayed there until the
close and occasioning the loss of
the improvement recorded during the
earlier portion of the day. The features of
the regular list were the Gould shares. New
England and ST. Paul. Western Union was
the most prominent of the day, it steadily ad-
vanced until it TOUCHED Soc at about p. m
when it was annomced that the executive
committee had recommended an extra divi-
dend of 81 per cent This accounts for the
rise of the past few days, and it came to an
end right theres and by the end of the day
there was only small fraction left of the
days improvement. Missouri Pacific was
less prominent and moved within compare
lively narrow limits. but presented firm
front throughout. Among the speclaltles
the only movement Of importance was
in Ohio, southern, which suddenly
became comparatively active and ad-
vaneed sharply reaching 1874 against "A, its
last sale few days ago. The great feature
of the days trading. however, was sugar re-
fineries, which opened down over per cent,
and further declined about Gig per cent: The
cause is to be looked for in the opening OF
the Spreckles refineries, which began opera
tons yesterday and induced flood OF long
stock to come out The reports of an lnjunc.
ton against the payment OF the dividend
were not without their effect. There was
r l,.r{ 4cNOa
settled down again and closed at very near
its lowest price. Chicago Gas, whose affairs
are still in an unsettled state, sympathiZed
with the movement in Sugar, but its de-
cline was on much smaller scale.
The final changes are about equal
~ divided between gains and losses.
Railroad bonds showed more animation, and
the business done was widely distributed,
though Kansas and Texas skies furnished
$4,000 out of the total of 81 5So 900. The
market was as usual somewhat irregular, but
generally firm, and the majority of changes
to night are in the direction of higher fig
ures, but there was no special figure TO the
dealings. Memphis & Charleston skies rose
2 TO los. and Ohio Southern incomes 2l2 to
59la. The declines include Chesapeake d
OHIO SKIES, 2 at l16; New Orleans 4 Mobile
seconds, Zig at 1O7l2,and Duluth & Manitoba
firsts, 2 at 10. The Post says: 1.-The state
ment that the Oregon Improvement company
has sent an agent to negotiate the sale Of
part of the proposed new 1000, 900 blan-
ket mortgage with which to take up
the first mortgage six per cent
bonds, of which there are S4,5e8, 900. and
the preferred stock. of which there is 81, 00077
OO0, naturally starts the inquiry as to what
the company proposed to with the remain
ing SS,412. 900, as this would be an increase
of about Go per cent in the capitalization of
the company. There was ouly one sale of
the common stock this forenoon at AGA per
cent, being ia per cent lower than yester-
dav though on Nov. %. it was down to
ALA per cent, the lowest price this year.
Government bonds have been uull and steady.
State bonds have been dull but firm.
The total sales of stocks Today were 262.52l
shares, including: Atchison. Is, S2o; Della
ware. Lackawanna & Western. Zoo; Lake
Shore. q, 800; Louisville L. Nashville. 4.O65;
Missouri Pacific, 14,710; Northern Pacific
preferred, 5,490; Reading. 26,4OO; st.
Paul. 4,600; Union Pacific, 5,235; Western
Union. 21,600.