St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-17
FINANCIAL.
New York.

New YORK, April 16.-Money on call
was easy at 1908 per cent; last loan,
215; closed offered t21S. Prime mercan-
tile paper, 1906. Sterling exchange dull
but steady at S4.S6A for 60-day bills, and
S4.SSI for demand. The total sales of
stocks to-day were 1866 shares, in
Guiding: Atchison, 24,435; Delaware,
Lack awanna & Western, 6,700; Louis
vile " Nashville, 3,7l5; Oregon Trans
continental, 1905; Reading, $500; st.
Raul, 1,675; Union Pacific, 4 400. Clear
ings, S159,s02,75 balances, s7,37s, 1856.
The, stock market to-day was excess
Sively dull, and the few actions in the
general list were made within the mar
rowist limits, rejecting only the humor
of the moment of the trading element
in whose hands all business done
was concentrated. The holidays are
for the most part responsible for the
growing dizziness in the market, as to-
day was an off day for the Jewish ele-
ment, while Friday will be full holt
day here and in London, while the lat
ter exchange will close also on Monday
and Saturday. Under these circum-
stones no one feels like entering any
extended ventures IN stocks. The
The traders of bearish turn of mind
fed out small lines of stocks in the
early dealings, but the market after
wards took Oh a firm tone, and while
London had few buying orders, there
was no disposition to trade upon that
fact, and outside of few shares, which
were subject to special influences and
wide fluctuations, there was no feature
OF any kind to the market in any part
of the day. There we're some eXag
gerated rumors in regard to the trouble
between the Union and Northern Pa
cific over the Oregon business, and it
was said that the Union Pacific had no
tilted the Navigation company that it
would abandon the lease if a small line
OF los miles were not turned over. The
bears upon this hammered the stock,
and it yielded about four points, though
on denial of the rumOr portion of the
loss was recovered. The Short line
was afterwards attacked and lost a
point or two. On the other hand. Mil
waukee, Lake Shore & Western, both
common and preferred, rose sharply on
the report of large increase in the
earnings, and that the next dividend
upon the preferred would be at an in
creased rate. Philadelphia gas also
showed marked strength, and rose
about per cent. First prices were gen
orally lower, the declines from last
evenings prices extending to IS per
SSiio UuO vi UliC
traders, further slight losses, extending
to q per cent were sustained. A
marked recovery, accompanied by more
animation was soon brought about,
however, and the market then became
intensely dull, and the firm tone still
prevailed, while the Milwaukee, Lake
Shore and Western stocks made rapid
advances. In the afternoon the Oregon
stocks became weak and the general
list sympathiZed somewhat, but there
was no other movement until the last
hour, when Philadelphia Gas came to
the front. The market closed very
dull and steady at insignif-
cant and irregular changes for
the day. The advances were
Philadelphia Gas 6, Lake Shore & West
ern common 211a and the preferred IL.
but the losses include Navigation and
Short Line u. Railroad bonds were
very dull, the sales of all issues aggre-
eating S1,04S,000, although there were
dealings in an unusually large number
of the issues. The changes were upon
the same limited scale, though the mar
ket was firm and most issues are small
fractions higher. Northwestern deben-
ture IS rose 211s to 1928. Government
bonds have been dull and steady. State
bonds have been dull and featureless.