St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-21
FINANCIAL.
New York.

NEW YORK, May 2O.-Money on call easy at
1la@21a per cent; last loan. 212; closed Of
fered at 2l2. Prime mercantile paper, 3l2@
5 Sterling exchange q du na, Pot steady, at
The total sales of stocks to-day were 372,324
shares, including: Atchison, q, 645; Can.
ada Southern, 6.710; Delaware, Laekawanna
& Western. 1880; Lake Shore, $50; Mis-
souri, Pacific. 3,5 IS; Northwesaern, Il. 145;
preferred. $500; Oregon Transcontinental,
1887; Reading, Sc, go; Richmond &
West Point, ITO; St. Paul. 81, 1855: Union
Pacific, 7,o39: Clearings, $50 ls5, 9o3: bal.
since the centennial holidays, but
there was less excitement than during the
last few days of last week, while a firm to
strong tone marked the dealings from open
ing to close. The traders were inclined to
terest had been entirely eliminated from the
market, and in some shares they did succeed
in causing small reaction and in prevent
ing the advance which otherwise might have
taken place. The transactions in Oregon
Transcontinental were smaller and of less
prominence in the market, though the stock
opened with an advance Of 3 per cent. This,
figure, however, was not exceeded during
the day, and the stock afterward declined
steadily until it touched 3sl2 against As at
the opening. Cash sales at first
showed a difference of about per cent
from the regular transactions, but this differ
ence slowly dwindled down to " before the
close of business. The stock finally closed at
about the lowest for the day. The excite
to the Northern Pacific. in which there was
very good buying, especially from Philadel-
phia, and the traders also turned in to buy,
the rumor being that there was another con-
test for control Of that company, growing out
of the Transcontinental matter. The activity
and advance In the stock increased as the day
wore along, and in the last hour the business
done was unusually large, while at the
highest prices the advances were be-
tween and per cent: The grangers
market and all moved up slowly on
very fair business. The coal stocks were not
neglected, and made advances though Jersey
Central, Lackawanna and Delaware & Hud-
son were most prominent. Union Pacific
was rather heavy, though the stock was not
active and did not at any time occupy a
prominent position in the market. The rest
of the list was quiet and generally firm. The
opening was made on moderate degree Of
activity, and first prices were generally from
15 to W per cent higher than Saturdays
closing prices. and while Transcontinental
was per cent higher, it rapidly declined 6Is
per cent, though this had seemingly no effect
upon the rest of the list. which displayed q
firm to strong tone and advanced slowly.
The Northern Pacific soon came into
notice. and the common started up before
noon while the preferred did not feel the
stimulus until later. The selling Of the
traders resulted in a fractional decline in
the general list, III which Chicago Gas was
most prominent. but the losses were con
fined to small fractions generally. The
Northern Pacific continued to rise steadily
and i'll the last hour the remainder also again
moved up. the market closing fairly active
and strong. Transcontinental shows a loss
of ga per cent. and few other stocks are
fachonally lower. but the majority are higher
this evening, and Northern Pacific rose 8,
the preferred oas Manitoba. 1A; Jersey Cen.
trail, per cent, and South Pacific .1l9
per cent. Railroad bonds were somewhat
more animated to-day, and the firm tone
which has marked the dealings of late
ontinued, leaving most of the issues traded
in fractionally higher. with the declines few
and far between. The sales of all issues ag
gregated 81 ,731, 900, of which Duluth. South
Shore u Atlantic lists contributed Sl31 900
and the Chesapeake 4 Ohio IS $112,Ot O..
Among those which are higher this evening,