St. Paul daily globe., 1889-01-11
FINANCIAL.
New York.

New YORK, JAN 1O.-Clearings, S1O9.434.-
537 balances, S6.679299. Money on call
easy. 2@3la per cent; closed offered at 2I2.
Prime mercantile paper. 5l9@7. Sterling ex-
ness at 81. So for sixty days and $4.SSls for
demand. The stock market of today was in
no respect different from its immediate pre-.
decessors, except that if anything the inter-
was to the few leading shares. The market
simply waited upon the railroad conference,
the meagreness of the reports from that
source was the occasion OF much disappoint-
ment to the would-be. spectators.
sources which had any effect what
ever upon the course of prices and
the market was left more than ever to the
mild manipulation of the room traders, who
raided Missouri Pacific down in the after
noon, but beyond that movement their ope-
ratlons were of no significance. Pullman
was started up "a per cent late in the day.
but these comprise all the important move.
ments. The Gould stocks seemed to be the
most prominent, but while Missouri Pacific
display weakening tendency from the
first sales. Western Union was firm and well
held throughout the day. The coal stocks
were quite neglected the dealings In Read
ing being the smallest for any full day for
many weeks, while the fluctuations were on
a corresponding scale. st. Paul, as usual,
showed considerable animation, but moved
within the narrowest limits with the rest.
Cotton oil after opening at the same figure
that it did yesterday, advanced a fraction,
but afterWard lost it all and retired to below
its first price The bituminous coal shares
were more largely traded in than usual and
all displayed an advancing tendency. The
opening figures were generally slight frac
tions above those of last evening and in the
early trading the advancing tendency was
quite pronounced although except in West
ern Union no material progress was made.
Missouri Pacific, however. was quite weak
and the rest of the list followed in behind
and before the end of the first hour had lost
all the early gains. Utter stagnation then
took possession of the market and the trans
action showeda constant falling off until the
raid upon theMissouriPa when it dropped
over point in a half hours time, though
the rest of the list did not seem to feel the
effect in any way. more favorable feeling
developed and portion of the loss was re-
limited dealings and the market finally closed
extremely dull and steady at but slight
changes from the opening prices. The final
changes are in a majority of cases in the
downward direction, but except i'll Pullman.
which rose 2ia, they are in no case for more
than small fractions. Railroad bonds were
again moderately active, but outside of the
showed marked animation and a stronger
tone than for the past few days. the dear
ings were utterly devoid of special
feature. The tone of the transactions
in the general list was quiet
and generally steady, final changes
for more than small fractions being
few In number. The sales reached $1,S19,-
Fe IS furnished S215, ,00O, and the lists $751;
600. There was change in the general i'm
preston as to the relations of the road to the
Atchison, and the 6S recovered IA per cent