St. Paul daily globe., 1889-05-15
FINANCIAL.
New York.

e65; balances, Sc, ,o26, ,e4s. Money on call
was easy at 2@2l2 per cent: last loan 3;
closed offered at 2. Prime mercantile paper,
3l2@5l3. Sterling exchange dull, but steady
at $4.95 for sixty day bills and 81 Ss94 for
demand. The total sales of stocks to-day
were 2O4, ,796 shares, inclu ding Atchison
1885; Delaware, Lackawanna u Western,
Missouri Pacific, 3.71O; Northwestern.
$3.50; Oregon Transcontinental, 25.435; !;
Reading, 5000; Richmond u West Point
4,O9O; st. Paul, 3O,s7O; Union Pacific,
1885; Western Union, 3,735. The stock
market was little more active to-day,
reacted later in the day, and while the final
changes are somewhat irregular, the prepon-
derance is on The side of lower figures. The
buying of the grangers, with the general
speculation this morning, although the
grangers were the only feature of the market.
The interest centered for the time in Chicago,
Burlington g. Quincy. and that stock scored
a marked advance during the forenoon, but
lost the greater portion of it later. The West
ern operators and the foreigners were buyers,
though the latter are credited with selling
considerable st. Paul, but the local traders
were inclined to SELL and realizations were
large and at last turned the tide. The
the selling Of stocks on sellers op-
tions extended to several other stocks beside
Oregon Transcontinental, in which, however,
it was most marked, while the difference be-
days was increased slightly. In III at stock
there was large trading around 35, but the
manipulation seemed to have no effect upon
the course of the stock, as its final changes
are unimpOrtant, and its extreme fluctuation
Paul was again the leader in point of activ-
ity, and the preferred at one time moved up
! per cent, when the movement of Burling-
ton was at its height. The funding scheme
had this effec. and the new deal in Richmond
stock of that company very prominent
for strength, and it made the most
important advance Of the day, closing within
Nc of its best figure. The proposed issue of
gon Short Line, and the latter has been dor
mant for nearly week, and sold down mate
rally from its last price. The generally
hopeful feeling opened the market quiet but
firm this morning, and Atchison, Burlington
and the other grangers became the leaders Of
were quickly passed by Terminal preferred,
which rose 2A per cent before noon. The
market was very quiet, and beyond the
strength in the stock mentioned was entirely
devoid of feature, but toward noon Union
Pacific and Transcontinental showed signs Of
weakening and after 2 o clock extreme dull
ness became the rule with sagging tendency
throughout the list. There was more anima-
ton in the Iast hour and the downward
tendency, especially in Burlington. which
lost all except slight fraction of its fore
moons improvement. The close was quiet,
but heavy and generally at slight declines
from opening prices. The majority Of the
list are fractionally lower, but the only i'm
pOrtant changes were all advance of 2 per
cent in Richmond & West Point preferred,
and decline of 15sc in Oregon Short Line.
Railroad bonds were dull and quiet within
very narrow limits and showed no feature of
any kind. The sales were 81, III 900. The
final changes are generally insignificant
either way, but there were few marked diff
ferences and Burlington, Cedar Rapids &
Northern consols rose 2l2 to S21e; st. Paul 4
Duluth rs, 3S4 to 124S4. Government bonds
dull and steady. State bonds neglected.
Chicago Money.