St. Paul daily globe., 1889-05-14
FINANCIAL.
New York.

NEW YORK, May 13.-Clearings $40, 2,097,-
7O2; balances S4.647, ,s7S Money on call
was easy at 1l2 to 2I9 per cent: lastloan l12c !;
closed offered at ll2c, prime mercantile
paper, 3la@5l5: sterling exchange dull. but
steady at s4;s7 for sixty sixty day, bills and
stocks to-day were 1876, 169 shares. including
Atchison, %, 73O; Lake Shore. $500; Louis.
vile and Nashville, 3,3O5; Missouri Pacific,
4.SUO; Northwestern. II, 800; Oregon Trans
continental, IS 153; Richmond q West
Points, 100; Reading, 1850: St. Paul, 32-
24O: Union Pacific, 4,145. Although the
stock market to-day presented more ami
mated appearance at times than usual of late
it was still dull and istless for the general
list and the interest taken in the
shares only, and mostly to a single set of
operators. There was. however, ali undenia
bly, strong tone, and the result of the days
trading is to leave almost everything in the
active list materially higher than at the close
Saturday. The favorable nature Of the gov
ernment crop report developed marked
disposition. especially among the Western
operators, to buy the grangers, and those
shares, with the exception OF Oregon Trans
continental, monopolized all the interest
ever, was believed to be principally covering
of shorts, while the selling was by local trad
ers In Oregon TranscOntinental the con-
test becomes more interesting. and the pre-.
MUM for the use of the stock was l-64 per day
although there were sales at seller thirty
days at per cent below the market, and the
stock failed to advance. New England was
bought by Boston houses, and the trad
ing was accompanied by the old stories
of a large road seeking, control, though
aGdng in ,egaed sne way 4f be Toad was
son was also taken for the account of
Eastern parties, but was helped by the buying
Of the Changers more than anything else.
There was a smart squirt in the Milwaukee,
Lake Shore & Western stocks, and the com
mon moved up to 94l2, while the preferred
was not SO active nor so strong. The move
ment is said to be based upon the growing
confidence In the management and the in
creasing earnings. In the rest OF the
the dealings featureless The opening of
the market was fairly steady, but the
buying of the Changers impaired
strong tone to the market Immediately, and
Rock Island led off with gain of per cent,
followed by Northwestern, ST. Paul. and the
signs of weakness but had no effect upon
the rest Of the list, and in the afternoon st.
Paul reached the highest point it has at
tanned since the rally from the great break
last September. A small realizing movement
toward delivery hour settled prices off some
what from the best figures. but the close was
dull and strong at about the highest for the
day. The only movement of importance was
in Tennessee Coal, which fell off LIS per
cent, but Milwaukee. Lake Shore and West
ern rose 3s4, the preferred 49, St. Paul pre-
ferred 2ss, the common lis, and Burlington
l per cent. Railroad bonds were dull, and
while there was firm to strong tone to the
dealings of the forenoon, the market weak
ened toward the close, and the final changes,
while generally for slight fractions. are quite
irregular. The trading was without special
feature of note, and the total transactions
were only S1.O99.OOO. Government bonds
dull and firm. State bonds dull and steady.