St. Paul daily globe., 1889-02-28
E. r. BARDEN,
GRAIN COMMISSION.
Wheat, Corn. Oats, Barley, Baled Hay.
IA Chamber of Commerce, st. Paul.
FINANCIAL.
New York.

NEW YORK. Feb. 2s.-Clearings, $780,
659,S3S: balances, S5,O50,413. Money
on call easy at 2@21a per cent; last
loan, 211g; closed offered at 2: Prime
mercantile paper 4@6. Sterling eX-
day bills, and S4.SS% for demand. The
stock market was little more active.
though the increased business was al
most entirely owing to the heavier
operations upon the bear side, which
also had the affect Of sagging the gen.
eral list off, while some shares showed
marked declines for the day, and prices
at the close were about equal to these
of Monday. There was very little news
of character to effect the market, and
operators are still on the wait. The
desire to know something of the policy
of the incoming administration causes
a holding off which gives for
the time being the making of
quotations over to the bears and
traders. There was more general dis
tribution of favors by the bears to-day,
and the grangers, New England, Atcll-
ison, Missouri Pacific and the coal stocks
all felt the pressure at times. London
was again lower and apparently seller
in the early dealings, but there was q
good demand at the figures, and for q
time the market had strong look; but
the pressure became too strong when
the first demand had been satisfied, and
the downward movement became gem
eral, though slow. Chicago was the
head center for bearish rumors, how
ever, and reports of discOuraging nat
ure from that region were numerous
and Offset to a marked degree such tend
IN or cilNtUt, if, q
forenoon. Protests by shippers in Hi
nois, Wisconsin and Minnesota against
the high through charges, the
consideration of new railroad
law in Wisconsin, and cutting of
rates by several of the most influential
lines were the principal burden of those
reports. A few strong spots were de-
veloped, and the Oregon shares showed
a marked disposition to rally, though
Improvement, after reaching its best
figure of yesterday, lost all the advance,
Manhattan continued its upward move
ment and scored handsome gain of a
large business for that stock. The
movements in the rest of the list, how
ever, were small and unimportant.
Dizziness became the most prominent
feature after IL o'clock, and Manhattan
made sharp advance, while the others
sagged off slowly until the close of busi-
ness, though Richmond & West Point
was strong in the last hour. The close
was quiet and heavy at the lowest
prices of the day in many instances.
There was moderate degree
of animation of ! railroad bonds,
but the same lack of special feat
ure marked the trading, and no decided
tendency of prices in either direction
could be seen. The sales of all issues
reached 81. 900. but the only bond
showing any special activity was Allan
tic IL Pacific 4s. which contributed $780,
COO. The most conspicuous advances
we're Jersey Central lists, 2s4 to 15sl;
Illinois Central As of 1,951, 8 to 100, and
Louisville. New Albany & Chicago lists,
81 to Ill. Government bonds have been
dull and steady. State bonds have been
dull and without feature. The total
sales of stocks to-day were 1872. .654 shares
including: Atchison, 33. ITO; Delaware,
Lackawanna & Western, 1890: Erie,
$3.50; Missouri Pacific. 5.225; North
western, $3.50; New Jersey Central,
4.4OO: Northern Pacific preferred, $500;
Oregon Transcontinental, S,7S8; Read
ing, 2O,57O: Richmond q West Point,
6,16O; st. Paul, 1850: Union Pacific,
. 12O