St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-25
FINANCIAL.
New York.

2s1; balances. SIS, OO9, 1895. Money easy
at 293 per cent; last loan, OLE; closing Of
fered at 212. Prime mercantile paper, 4a@
81 Sc for sixty day bills. and $4.S74 for de-
mand. The stock market to-day showed no
signs Of getting out OF the rut of dizziness
into which it has fallen, and the transactions
were on the same limited scale as usual of
late, while the tone of the market, which was
strong at first became weak later in the day,
and the early gains were lost. The market
followed i'll after the lead of London at the
opening. and first prices were generally from
70 to Us per cent higher than last evening s
figures, but the strength soon gave out
and for the rest of the forenoon there was a
dull and unsatisfactory market, without feat
ure or animation. The most prominent
characteristic of the market was the buying
estimated as high as 25, 900 shares, but the
enthusiasm of the local operators soon
abated. and after the first demand had been
satisfied dizziness and stagnation were the
order of the day. Chesapeake & Ohio first
preferred were the only really strong stocks.
and after rise of about 2 per cent it re-
acted and lost most of the Improvement
The c. G. G. Il St. Louis stocks were also
active. but their movements were confined
to narrower range than during the past few
days. In the afternoon the bears made a
demonstration against the coal stocks and
Reading in particular, the rumor being that
the earnings for June on account of the late
floods would show decrease of from $3.50,
600 to 100000. The impression got abroad
in the room that the long stock was coming
out. which started the traders to selling, and
the stock was knocked down "a per cent to
42A. The other coalers, and especially
Lackawanna, sympathized and the selling
extended to other portions OF the list, the
grangers coming in for liberal share Of at
tention, though st. Paul was well held at
close to the best prices of the week. There
vious hour toward the close and sharp rally
occurred, Reading reacting "a and others
in proportion. The market closed
dull but firm at fractional losses for
the day. The final changes are somewhat
irregular, but generally are in the direction
of lower figures and for fractional amounts
only Railroad bonds continue to show q
small volume Of business with no feature to
the dealings. The sales of all issues to-day
reached only $500, 900, of which 100000
were in the Hooking Valley 5s. The temper
of the market was somewhat stronger than
of late, but there was no tendency OF prices
in either direction, and the final changes are
irregular and generally for small fractions
only. Hooking Valley 5s rose to 6612; In
dianapolis, Decatur q Westerns DDS, 2 to 40,
strength of the last-named bonds was due to
the new plan of building southwest extern
sion, and by SO doing to get business enough
to save the road from bankruptcy Govern
ment bonds have been dull and without
change. State bonds have been dull and
strong. The total sales of stocks were 160,-
O47 shares, including Atchison, 1886;
Delaware. Lackawanna d Western, $3.50 !;
New England, 5, 100; Reading, A, 800.