St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-12
J. J. WATSON, BRO. & HYNDMAN,
sc East Fourth Street,
REAL ESTATE AND MORTGAGE INVEST
MENTS.
FIRE INSURANCE AGENCY.
FINANCIAL.
New York.

NEW YORK, June l1.-Bank clearings,
1852, e11 1855: balances, 1888 1926. Money
made at 2 per cent: closed offered at per
cent. Prime mercantile paper, 3@542 per
cent. The stock market to-day was quiet
and firm for most of the list, but in spots
it was decidedly active and very strong, and
among such shares marked advances were
scored as the result of the days operations.
The status of affairs in the West showed no
change and the interest in the granger
stocks was small and they became compare
lively quiet, with, small fluctuations, The
news of the day from the West was
rather of an encouraging tenor, aud
there was no inducement to attack the West
ern stocks. The bullish feeling upon the
Vanderbilt stocks continued, and those
active than usual and strong all the way, but
the other movements were on small scale.
Trusts were less active, but exhibited the
same buoyancy, and sugar reached the high
est point yet attained i'll the rise, the rumOrs
in regard to it taking the shape that there is
a large amount of undivided cash i'll the
treasury of the company. London prices this
morning were somewhat lower than our fig
ures of last evening, and the market got no
encouragement during the day from that cen
side are not III sympathy with the present
movement. Notwithstanding this fact, first
prices here were generally from 1s to w per
cent above Our last evenings figures;
anu Willie Uue Interest Ill tu6 lTduluS was
confined to few shares, such as coalers, st.
Paul, New England and the trusts, further
advances were scored in the early dealings
which, however, outside of the trusts, were
fractional only. Toward noon the market
drifted into dizziness, and some recession
from the prices of the first hour were made,
but after that time there was renewed buy
ing on large scale in the coalerS. and Jersey
Central rapidly advanced to 112, the highest
price known in the stock for years: Della
ware & Hudson followed closely and at last
crossed Lackawanna, reaching 147l5. while
Lackawanna was not sluggish, especially
toward the close. Even New York. Sus-
quehanna d Western became active
and advanced materially. The move
ment in Reading was smaller, but the trans
actions in the stock during the last two hours
were on large scale. There were the usual
realizations in the last hour, but the strength
of the market was renewed and the close
was active and strongest about the highest
prices of the day. Among the low-priced
shares there were marked movements in
Southern Pacific and Colorado Coal. In the
unlisted department there was little doing
outside of the trusts, and while Phoenix was
higher Brunswick was dull and slightly
lower. Everything is higher, and Delaware
Lackawanna, 2; Colorado Coal, 17s; Susque-
hanna preferred, IA; Reading and New
England, lis each, and Big Four per cent.
Outside of a few issues such as Reading As.
which contributed Sal, 900 and Richmond
& West Point trust IS which furnished $l12,-
600 to the days total of $3.50, 900, there
was little animation or feature to the deal
there was a firm tone throughout, the move
ments as rule were insignificant. Govern
ment bonds have been dull and steady.
State bonds have been dull, but firm.