St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-17
FINANCIAL.
New York.

NEW YORK, July 15.-Clearings, S15s, 161,-
SIS; balances S6,642,753. Money easy at
2l3@3l2 per cent; last loan 3; closed offered
at 3. Prime mercantile paper. 4l2@6lz.
Sterling exchange quiet but steady at 81 Sc
for sixty-day bills, and $4.S7a4 for demand.
To-day was midsummer day. and the stock
market was certainly of the midsummer Or
der, being dull and stagnant almost from the
opening to the close, and the results of the
days trading are generally of but slight i'm
portance. There were a few exceptions,
however and these few stocks gave what
character there was to the market. London
was doing nothing and commission people
had few orders, and the opinions upon
the street showed a wide divergence
as to the immediate prospect of the market.
The traders were waiting to see what the
leading bears were going todo, but there was
as little activity on that side of the market as
on the part Of the bulls, and practical
standstill was the result, except for the few
shares which were affected by causes pc
culiar to themselves. The opening was very
tame and quite Irregular. the changes from
last evenings prices ranging up to Sb per
cent either way. The succeeding transac-
lions were entirely uninteresting in the gen
eral list, and after slight improvement
there was fractional decline lead by Lead
with loss Of 7s per cent Among the
ususlly active stocks, however, the Northern
PaciticS became prominent, both for activity
and strength, and under the lead of these
shares an upward moyemen was soon inaug-
urated. The reports were that there was to
be a dividend Of g per cent declared at the
meeting this week, though there was no
actual foundation for the rumor. 1t was,
however, sufficient TO advance the preferred
stock 1l2 per cent, all of which, however. it
could not retain, aud it closed at an advance
of a small fraction only. The other strong
point in the market was the stocks of the Big
Four and Cleveland, Columbus Cincinnati
u Indianapolis and the new stocks of the
consolidated company, and the reports of
the very satisfactory earnings under the new
management were sufficient to quickly run
all of them up over per cent. In the gen
eral list the dullneSs increased as the day
wore along, and the movements i'll prices
almost entirely ceased until the last hour,
when the usual realizations and report
that some gold had been engaged for ship
ment had the effect of Sagging the list off
from the best prices, and the close was made
at but slight changes from last evenings fig
ures being dull and steady The changes in
the general list are irregular and for small
fractions only. but Big Four rose 2ls; c., c.,
G. d I. 2ss; c., c., c & ST. L. 2I2, and the pre-
ferred ". Railroad bonds reflected the same
lack of interest that was shown in the share
list, and the sales of the day were the small
est for any full day for many weeks, reaching
only 500 900. The dealings presented no
future whatever. State bonds have been dull
and heavy. The total sales of stocks TODAY
were lis, 675 shares, including: Atchison
12,615; Northern Pacific pfd. 1869;
Reading, $500; ST. Paul, 1925; Union