St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-12
FINANCIAL.
New York.

New YORK. April 1.-THE clearings
to-day were Sis, 592, 557: balances, IS, 1885,
GIL. Money on call was easy at 2@316 per
cent; last loan, per cent: closed offered
at per cent. Prime mercantile paper,
1906. Sterling exchange was dull but
firm at S4.S7 for 60-day bills, and 4.SS%
for demand. The total sales of stocks
today were 2S1, SIT, shares, including:
Atchison, 36,77O; Delaware, Lacka-
wanna 81 Western, $500; Erie, 5000;
Lake Shore, 1850; Louisville 81 Nash
vile, 1920; Northwestern. 1I,525;
Northern Pacific preferred, 1866; Ore
gon Trans-Continental, 6,S25; Read
ing, $4,000; st. Paul, 22,732; Union
Pacific, $3.50; Western Union, 5,425.
The stock market again demon
day, and in spite of heavy real
izations from the trading element again
scored material advance for the day.
The remarkable strength of the London
market for American securities still con-
tinues, and the foreign houses here
were liberal purchasers to-day Of their
SpeciaitieS, most conspicuous of which
were Louisville & Nashville, Lake
Shore, St. Paul, Reading, Erie and
Union Pacific. The steady demand for
stocks from domestic sources continued
also after the cessation of the selling
movement, and the market rapidly adj
vanced. The London quotations in the
morning were from g to q per cent
higher than our figures of last evening,
and this market opened upon the same
plane, but owing to the heavy realiZa-
lions of the larger traders there was no
strength in the early dealings, and this
encouraged demonstration against the
list Oh the part of the BEARS AtchiSOn
being chosen as the special point
of attack, and it was forced off
point, but the rest of the
list retired only to shade
below frs: figures. St. Paul hesitated
and this served to restrict the trading
in the grangers. The movement was
soon over and the market then drifted
into dizziness and StagnatiOn, except IN
few specialties. The depression in
the market lasted until the last hour,
when the buying of Reading by some
of the most prominent brokers and
Philadelphia interests started an up
ward movement which extended to the
entire list, and all the leading shares
participated in the improvement which
followed. The market developed more
animation than had been shown at any
previous time of the day and marked
advances were made all around. Rock
Island being specially conspicuous
with a jump of IL per cent,
while Atchison reached point
2 per cent above its lowest
price of the forenoon. The highest
prices were reached shortly before the
close and realizing sales shared the list
of a small fraction, but the close was
active and strong at about the best
prices of the day. The great feature of
fhp HaV hOunUar XyoS tho ACTIVITY and
strength in the unlisted industrial
shares, and,aS on yesterday, sugar trust
certificates were leaders, continuing the
rapid rise OF yesterday, and after OPEN
ing up &c at $3.50 and rapidly rose to
9515c without break, and afterward
fuctuated within point and half of
that price, closing at that figure, net
gain of 81 per cent. Cotton Oil was
also active and very strong in the after
noon, closing with gain of ~ at 573sc.
Brunswick was again more animated,
but after all advance of &c, closed I'M
changed at 215sc. Manhattan was the
a point. but all the rest of the
active shares are higher, and San Fran
cisco preferred rose 27s. Chesapeake &
Ohio 1st preferred 1sS, Rock Island,
Omaha and Consolidated Gas II each,
Burlington and AtchisOn each l per
cent, and the othere fractional amounts.
Railroad bonds were fairly active, the
sales of all issues aggregating 1885,
600, of which Chesapeake & Ohio 5s
contributed $1S4,0O0 and Reading 1st
incomes $4,000. There was a firm
tone throughout the day, but there was
some irregularity in the movements,
and while most of the list are fraction
ally higher few bonds show losses.
Government bonds have been dull and
steady. State bonds have been dull
and steady. Petroleum opened steady
at 90c, and afterwards reIapsed into
dizziness, sagging off to 1920, and
closed dull at S9$lc; sales, 264,000 bbls.
Chicago Money.
CHICAGO, April H. Money unchanged;
on call. 5(0515; time loans, cor. Bank
clearings, S11, 1l7,000. New York eX-
change par.
r. M. NEWPORT & SON
Investment Bankers,