St. Paul daily globe., 1889-06-26
FINANCIAL.
New York.

New YORK, June 25-Clearings, $780,
951, 1,706 balances. S7,576,3s7; Money on
call easy at 2l2@6 per cent; last loan: 3
per cent; closed offered at6 per cent Prime
mercantile paper, 3a4@5l2. Sterling ex-
change dull, but steady at Si.s7 for sixty
day bills, and S4.SS34 for demand. The
stock market to-day was firmer and more
active for railroad shares, and the trusts were
weak and feveriSh, occupying less proml-
nent position in the transactions, although
they were extremely active, and the sales of
lead again crossed the 100000 mark. There
was no news of importance to affect
any portion of the market, though the
rumorr of the absorption of the Atlantic
works by the lead trust was again
used to advance the stock. Its fluctuations,
however were on much smaller scale than
Yesterday, and after the first few minutes
trading its tone was dropping and rather
from the outset, and toward the close
dropped to about Saturdays figures. In the
general list the speculative activity was all In
New England, but while the stock was
strong throughout most of the day there was
but a fraction left of the Improvement a. the
close. A small furry i'll money toward the
close, which sent the rate on call up to per
cent had much to do with the reaction at
that time, and ali the strong stocks OF the
forenoon yielded materially. Pacific Mail be.
came quite conspicuous at the opening of
business by its weakness caused by the re-
port of the loss of one of the company s
steamers, but when the general market began
to move up it recovered almost all OF the loss
from the opening figure, though having
opened down it shows marked decline at
the end of the day. The Hooking Valley Sc
curities showed more animation, and the
stock became one of the leading strong
stocks though the dealings in it were on
small scale, as usual. There were further re
seemed to have little or no effect upon the
grangers, which were comparatively quiet,
while the coal stocks, especially LackaWanna
and Reading, were active and displayed con,
siderable strength, being peter supported
ihe Chicago 4 Eastern Illinois were
again prominent for the strength
shown. but their final gains were small. The
opening was rather heavy, and the first prices
were generally from ia to Is per cent lower
than last evenings figures, though good
sign was the comparative strength shown by
the shares of the regular list and the decrease
in animation among trusts. The transactions
in lead were again on large scale, however,
and the fluctuations in sugar were very VIDE,
and the gain of yesterday was lost as quickly
as it had been made. In the general list the
strength shown in Lacka wanna, New En-
gland and some others soon spread to the
rest of the market. though Pacific Mail was
specially weak. The excitement in the trusts
rapidly died away, and the fluctuations
after the first hour were made with
in comparatively narrow range. The
stocks of the regular list continued strong
and prices slowly crept up. though there was
little animation outside of the few leaders
until toward delivery hour, when the realiza-
tions began and the market moved off slowly.
The close was quiet and fairly steady, gen.
erally at small fractions better than the OPEN
ing prices. Sugar displayed the most extreme
weakness in the last hour, however, and
dropped to 116lac, though portion of the
loss was recovered in the last few minutes.
There were sales of ISL .536 shares of un-
listed stocks, of which the Lead trust fur
nished I1O, ,275; Sugar, 2s,O44, and Cotton
Oil, 1887. The final changes are generally
for fractions, but Pacific Mail is down 11ac.
There was the usual lack of feature
in the railroad bond market but
the tone of the dealings was again
strong, and except the Ohio. Indiana &
Western lists, which dropped 10 per cent to
G2, and the Kansas d Texas issues, there was
no weakness anywhere apparent. The sales
reached 81, ,553.O 900, to which the CheSaI cake
& Ohio IS contributed S1s9,Ooo. Galveston,
Harrisburg & San Antonio lists rose 3 to ITO,
and Toledo, Ann Arbor q Grand Trunk
lists to 11S. Government bonds have been
dull and steady. State bonds have been en-
tirely neglected. The total sales of stocks
to-day were 1876, 433 shares, including Atch-
ison. z, 40; Chicago & Illinois, 1865; Della
ware, LackaWanna d Western, 20, 13O; Hook
ing Valley, 3,632 Pacific Mail. 6. | 80; Read
ing, 1920: Richmond d West Point $500;
ST. Paul, $3.50; Union aeific, $3.50.