St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-08
FINANCIAL.
New York.

New York, May Tine elearlngs TO-
OIL Money on call was easy at PIP to 3 per
cent, closed offered at 2l2: prime mercantile
steady at S4.S for sixty day bills. and
81 SS34 for demand. The total sales of
stocks to-day were 2iS, 255 shares, including
Atchison, $3.50; Delaware, Lackawanna d
Western, $500; Lake Shore, 3, $50; Louis
vile d Nashville, 3,477: Missouri Pacific,
7,OOU; Northwestern, 7,34l; Northern Pa
citic, preferred, 1896; Oregon Transconti
mental, IL 800; Reading, 8, LOO; Richmond
& West Point, 6,625; St Paul, 20 $50; Texas
Pacific, 9,240; Union Pacific, 1O.660; West
to-day was more active, especially in. the
forenoon, when there was strong
tone displayed, but it later yielded to the at
tacks of the bears and drifted into dizziness,
finally closing at but slight changes for the
day. The London figures came lower this
morning, and partly in sympathy with that
center and partly because of the tendency to
realize among the traders upon the reduction
in the price OF pig iron which is. in Il meas
ure, regarded as the barometer of the indus
trial world. the opening here was feverish
and irregular, with no very marked changes
from last evenings prices, the widest differ
ences being only SS per cent There was
bullish sentiment upon Atchison, and the
Boston operators were prominent In that
stock as well as New England, which were
specially active in the first hour, and both adj
vanced materially from last evening figures.
The Northern Pacific group were also re-
markably strong and Oregon Transcontlnent-
al was bought on talk of contest at the next
election in June Missouri Pacific was strong.
partly in sympathy with Atchison and partly
on the talk of an arrangement made with MIR.
Gould by party who propose to make bull
campaign with the stock. Among the low
priced shares there were some sharp move
ments, and Denver. Texas IL Fort Worth GER
tificates rose over per cent, and Kingston d
Pembroke, which has been neglected for
long time sold up over 2 per cent. The
higher priced shares such as Manitoba and
Milwaukee, Lake Shore & Western also
mand for stocks underwent marked de-
crease after II O'Clock, and although St Paul
became active and moved up fractionally,
the bears took hold of Atchison and it re-
tired per cent below its best price of the
morning. The rest of the list followed, and
the decline in few of the specialties helped
along the general weakness. Philadelphia
Gas was most conspicuous with drop OF 4
per cent and Pullman yielded l. There were
reports of much needed rains i'll the North
west, but these had no effect upon the mar
ket, even the scarcity of Reading for deliv
cry with the premium of 1-64 for use was
powerless to rally that stock or the rest of
the market The general list however,
moved over an eXtr emely narrow range and
there seemed to be no marked tendency in
either direction, the fluctuations being in
significant and slight. The heaviness was
maintained until the close, which was quiet
at close. to opening figures. Among the
active shares the only important changes
were losses of per cent each in Atchison
and Canadian Pacific. Railroad bonds were
again active, the sales of all issues aggregat-
ing So, 900, of which $4,000 was in
West Shore As, $15O,COO in Texas Pacific
Eds, and $106, 900 in Atlantic & Pacific is.
The market was stronger than on any day
since the holidays, and almost everything
traded in is materially higher this evening.
The principal gains were Denver & South
Park certificates, 5, to 81; Flint & Mar
quette 6s 2, to 1222, and Lake Erie & West
ern lists, 2, to 113. Government bonds have
been dull and steady. State bonds have
been dull but firm,