St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-29
FINANCIAL.
New York.

New YORK, Jan. 2S-Clearings. sos, 49,
799; balances, ,656.. Money on call
easy at 1l2@l2 per cent; last loan ., close
offered at 2. Prime mercantile paper, 406
per cent. Sterling exchange quiet but steady
at 81. S6A for siXty-day bills and S4SS4 for
demand. The stock market was again very
dull to-day, except at the opening, and the
close and prices were on the average on a
higher plane than the final figures of Satur-
day The trading in the general list, how
ever, presented no feature Of interest, being
confined to scalping operations OF the room
traders There was little sympathy with the
higher market for Americans in London, but
the drive at Atchison and Missouri Pacific
soon started downward movement in the
general list. Atchison yielded 1ss and Mis-
souri, Pacific 112, and while Lackawanna was
attacked rather sharply its loss was only frac-
tional: and the impression upon the rest
was entirely insignificant. After the
check was given to the decline intense
dizziness overspread the list and while firm
undertone was shown, there was no move
ment or feature to the dealings, except the
advance in Pullman. In the last hour, how.
ever, tn covering Of shorts with more con-
fident buying for the long account led to
marked increase in the amount OF business
done, and full recovery in everything
traded in. The close was active and strong
and generally at The best prices OF the day.
Missouri Pacific, which is down ~, and Pull
man rose 3ls Atchison 1l2, and Louisville 4
Nashville l per cent. The railroad bond
this wear. the sales Of all issues reaching S.
81, 900. But the great feature of the deal
ings was the extraordinary demand for the
leading issues, especially the As, which
furnished 81. l24 600 out of the total. The
1st incomes contributed S35S,OO0. and
the Chesapeake IL Ohio 4s Gifts $3.50, 600.
The tone of the market was very strong, and
marked advances were established all
over the list the most important being
Green Bay The Atchison statement was
RI bou pffpPfua&V
counted, although the bears, on the strength
of the large deficit shown for the year, started
in at the opening business to hammer the
stock down. The drive was severe, and the
price of the stock was brought down less
than 1l2 per cent. Heavy selling was done
by Boston houses, but the local contingent
were not idle. The movement extended to
Missouri Pacific, and the ste ok did not show
suffering not only more in the decline; but it
failed to recover when the rest OF the list
grew strong, as Atchison did. London was
moderate buyer in the early morning, but
the foreign purchases were not factor IN
specially significant in the bond list. There
were q few shares which developed
marked strength, such as Pullman and
one or two other speclaltles,, but
neS mao nf ,ba Sav u as Of an
character, especially that the presidents IN
session at Chicago had made settlement Of
the territorial question. The lack of success
by the bears in getting the list down after
the first hour finally started covering move
ment, which assumed large proportions in
the last hour and Atchison not only recov-
cred all its early loss, but something in addi-
ton. First prices were generally from 1s0
~ per cent higher than Saturdays final fig
ures. Cove rnment bonds were quiet, but
strong State bonds were dull and feature
less The total sales of stocks to-day were
15S, S34 shares, including
Atchison.. . -. 81, 22OINorthwestern. 4.041
Del, L. d W.. 7,475 Reading. 60. Is, 73O
Erie. .... 4, 500 r. d w. P go. 3,745
Lake Shore " 3,31OISt. Paul ......, 10, $40
Louisville & N. $3.50 Union Pacific. 1915
Mo. Pac "a 1858