St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-21
FINANCIAL.
New York.

New YORK, Aug Chickering's, SIG, 1872,
SOS; balances, S5,446,412. Money on call
easy at 305 per cent; last loan 4l2: closed
offered at 3l2. Prime mercantile paper,
4a4@7. Sterling exchange dull but steady
at 50. 84l2 for sixty day bills, and 81 S7A for
demand. There was the same kind of a mar
ket to-day as yesterday dizziness still being
the ruling feature, but the tone of the deal
ings was somewhat better, and in few cases
material advances were scored through the
fluctuations as rule were confined to the
same narrow range The market to large
extent was a waiting one, the action of the
secretary of the treasury on the bond question
being anXiOusly looked for and the present
unsettled state of the Western railroad sit
uation also preventing considerable business.
The trusts again supplied what little life
there was in the market, especially during
the forenoon, when there came more feature
into the railroad stocks from the strength in
the c., c., G. d st. L. and Lackawanna. The
only weak spot was Richmond d West Point,
in which the trading was decidedly of the
hard-to-mouth order. Sugar was the great
feature, at the opening, which was made at
al advance OF 2 per cent over last nights
closing price the effect of the refusal 10
grant an injunction against the declaration
of payment of dividends recently applied for
by the receiver of the North River refinery.
The tendency to further advance, however,
was checked by the renewed weakness in cot
ton oil, which reached still lower figures
but the decline was checked by a report that
the company had succeeded in making ar
rangements with the Southern company in
regard to the price of oil. Most of the loss
was afterwards recovered. The opening was
generally at small advances over last even
ings prices, but there was no life in the list
and the weakness in the trusts caused little
decline in the regular list. The declining
tendency however, was OF short duration,
and Lackawanna developed considerable
strength and was followed later by Cleveland,
Cincinnati, Chicago d st. Louis, and before
noon the regular list was generally slightly
above first figures, sided by the rally in Cot
ton Oil. The slow appreciation continued
usual realizations set the list back
shade, but the market finally closed
dull and fairly steady at the close to the best
prices of the day. The final changes are in
amajority of cases in the direction of higher
prices. and Lackawanna rose 1Ss. and c., c.,
c. & st. L. IA, the only important decline
being loss of lis in Richmond & West
tional changes. Railroad bonds were dull,
as usual. sales of all issues reaching only
S756. 200, of which SIG, 900 were i'll the
Rock Island fives The market was not so
strong as yesterday, and the general tone was
rather heavy, though the movements were
almost all for insignificant fractions. Among
the final changes of importance Northwest
ern consols rose 2 per cent to 149, and Den
yer Il South Park certificates 3l2 to 81. st.
Joseph g. Grand Island tirsts lost 2 at 104.
Government bonds have been dull and
steady. State bonds have been entirely neg
lected. The total sales of stocks to-day were
1886 shares, including: Atchison, 1870;
Northern Pacific preferred, 1920; Oregon
TranScOntinental, ITO; Reading. $500;
St. Paul. 1000: Union Pacific, 1925; West
ern Union, 5000.