St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-23
FINANCIAL.
New York.

New YORK, March 22.-The clear
ings to-day We're s93.962,3l1; balances,
81, 144,339 Money on call was easy at
2er215 per cent; closed at 2115 per cent.
Prime mercantile paper, 414(06L. Ster-
ling exchange dull but firm at S4.S5%
for siXty-day bills and S4.Ss54 for de-
mand. The total sales of stocks to-day
were 1850 shares, including: Atchi-
son, 9,S15; Delaware, Laekawanna 81
Western, 6,025; Erie, 800; Lake Shore,
5,235: Louisville & Nashville, $500;
Missouri Pacific, 1926; Northwestern.
1l,6o0; Northern Pacific preferred,
Union Pacific, 5000. The stock market
was intensely dull during the entire
day, with the exception of short
time on the first hour, and prices were
as near Stagnant as possible. There
was firm feeling in the forenoon, and
the purchasing continued with the
effect OF raising quotations fractiOnally,
and many of the active stocks reached
the best prices of the week. There
were several influences which, however,
had depressing effect upon specnla-
ton, first of which was the engagement
of S1,000,000 gold for export and the loss
IN the Northwestern earnings for Feb
ruary, while there was further reports
ket yielded to the adverse influences,
and prices sagged off slowly until the
bears attacked Burlington, which
dropped 2 per cent, and most of the
granger stocks sympathized to a
greater or less degree, though
Rock Island was the only
one which showed any decided weak
ness. The trust stocks were the strong
feature of the days transactions. and
again Chicago Gas led the list in both
activity and strength, although it lost
most of its gain late in the day, and
closed only small fraction higher than
last evening: Chicago was buyer in
the early portion of the day, but later
there was evidence of some selling for
that center; London did little either
way, though it sold some, notwithstand-
ing the advices from the other side were
to the effect that the crisis was over
and the European markets had resumed
their normal condition. Tennessee
Coal was weak, under the selling On the
closing of the books, but in no other stock
was there any movement of Importance,
the trading being principally the scalp
ing of the traders. The opening prices
were generally slightly higher, and fur
ther fractional gains were scored all
over the list in the early trading. while
IHlSoOuil dCluC dLCl buI11llg tOu TGSc
point each. Mhe early demand for
stocks. however, soon died away, and
the market sank INTO the most extreme
dizziness, and prices remained stagnant
until the sagging tendency became
noticeable, when some pressure was
brought against the grangerS. and Bur
lingten and Rock Island sold off rapidly
and Chicago Gas lost almost all of its
early material advance. The rest of
the list Sympathized and everything
was brought down to shade below the
opening figures, the market closing
quiet and heavy. Almost everything
on the list is slight fractions lower this
evening, and Tennessee coal lost IA
and Burlington Is. There were more
issues traded in the railroad bond mar
ket to-day, and again there was mod
crate degree OF animation, the sales ag-
gregating l,6S3, 900, of which S194, 900
were in Reading As. $4,000 in Texas
Pacific DDS and $4,000 in the Wabash
Detroit division receipts. The tone of
the dealings are generally firm, but the
Important changes in quotations were
few in number, and several declines oc-
CURED. Great Western lists rose AZ
TO 1154. Government bonds have
been dull and heavy for the As.
States have been dull and featureless.
r. M. NEWPORT & SON
Investment Bankers,