St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-09
J. j. WATSON, BRO. & HYNDMAN,
96 East Fourth Street,
REAL ESTATE AND MORTGAGE INVEST
MEN7S.
FIRE INSURANCE AGENCY.
FINANCIAL.
New York.

NEW YORK, May S.-Money on call was
easy at 2@2l2 per cent. closed offered at 2l2;
prime mercantile paper, 334@5&: sterling
sixty day bills, and 81. 1894 for demand. The
total sales of stocks to-day were 1922
shares, including Atchison, 81 1000; Della
ware, Lackawanna d Western, IL 800; Lake
Shore, $3.50: Louisville u Nashville. $500;
Missouri Pacific 1875; Northwestern,4 a, 80;
Oregon Transcontinental, 1880: Reading,
20, 800: Richmond6 West Point, 5000; st.
Paul, 81, US; Union Pacific. 1850: clearings.
$40, 229, $50; balances, Sc, 1O4, 1872. The
stock market to-day was less active, but
stronger than it was yesterday, and. as rule,
all the losses were recovered and in some
cases. fractions in addition. The opening
this morning was again feverish and irregu.
lar, the unsettled feeling of yesterday not
disappearing until well into the afternoon,
more pronounced upon the bull side. The
majority of the list was from 1s to ss per cent
higher than last evenings quotations, but
the market was extremely narrow and out.
side of st. Paul, which early took the lead of
the list the transactions were almost entirely
professional and the fluctuations were con-
fined to the smallest limits. There was con-
siderable pressure, especially upon the coal
shares, and in Reading the only real weak
ness was shown though the loss was to ss
stock for the day, the concessions i'll the
early trading bringing in buyers who soon
brought about a decided change in the temper
of the speculation. Atchison assumed a
secondary position in the market after the
first hour, and st. Paul became the great
feature of the day, the sales of that stock
being specially good, and it was said to be
for the account of large banking house who
are seeking to control the election. and the
advance in the stock was well maintained
until the close. Good foreign buying of
Lake Shore brought it to the front in the
afternoon, but the other Vanderbilts were
still dull and immOvable, without feature of
any kind. Among the .specialties there
were few very, wide movements,
rise of per cent In Pittsburg &
Western preferred, most sof which was re
tanned at the close. Pullman. after small
decline, rose sharply, and Chicago Gas again
crossed 80 and closed above that figure: To-
ward O'Clock there was the usual realizing
movement, but the concessions outside of
AtchiSon and the specialties were insignifi-
cant, and the market recovered its tone in the
last hour, closing quiet and steady to firm at
Pittsburg e. Western preferred closed with
gain of 4A per cent: Chichago Gas, 1lb;
Pullman, !, and st. Paul 70, but the other
changes are for small fractions only. Rail-
road bonds were more quiet and the tone of
the dealings underwent change for the
worse for The first time in many days the
final changes showing majority of losses
for the day. The total transactions foot up
S1,S61, OO0 of which $4,000 were in the
Texas Pacific second incomes. The st.
Louis, Arkansas d Texas issues were the
weakest spot in the list upon the trouble
over the payment of the coupons on the first
mortgage bonds The weakness was not
confined t. those securities, however. but ex-
tended TO all portions of the list and among
the most marked losses were ST. Louis,
Arkansas & Texas firsts, 3 at sS, the sec
onds 3 at p, and the others fractions. Gov
eminent bonds have been dull and steady.