St. Paul daily globe., 1889-06-15
New York.

NEW YORK, June 14.-Money on call easy
at 2@3 per cent; last loan 3 per cent; closed
per, 3@5l1 per cent. Sterling exchange dull
but steady, at S4.97 for sixty day bills and
$4.ssA for demand. The total sales of
stocks today were 272, ,234 shares, includ-
vile, 3,470; Missouri Pacific, COPS; North
western, 400; Northern Pacific preferred,
4,9O5; Reading 35, ,541; Richmond & West
Point, 5000; st. Paul, 25.S 500; Union Pacific,
425 MessE9 za an un5o S75o clearI9gs an9 TO-
The stock market developed somewhat
more animation to-day, although it
was almost entirely confined to less
than a half dozen stocks. There was
day, but the general DRIFT Of prices was
downward, and some material losses were
sustained. The news from the West this
morning was unfavorable, the principal
point being the refusal of the Lake Superior
lines to accept the proposition, Of the Chi
depressing advices, and before the opening
of the board 1t was known that nearly
$4,O0O,OO0 more gold had been taken for ex.
port, and the feeling at the opening was
Opening prices were lower and declines ex
tended TO W per cent in most stocks, while
Jersey Central was off l per cent at ITO.
The market was reverish and quite ir-
regular, but the pressure brought by the
bears, with the undoubted selling for
the long account made further fractional
losses in the first hour. New England was,
however, market exception to the general
rule, and after slight decline, rose over 1l2
per cent. st. Paul weakened under the news
from the West, but while it was active, the
concessions made were small and Jersey
Central, after the decline at the opening, was
fairly we'll held for the remainder of the day,
though Delaware 4 Hudson reacted sharply.
Co. = &Ix1
and in most of the general list the lowest
prices of the day were reached toward noon.
AtchisOn was taken in hand. however, at
this time, and under excellent buying it ad-
yanced about 2 per cent above Its lowest.
Union Pacific also showed marked strength,
followed by Oregon Short Line, but the
improvement could not be maintained, and
New England dropped rapidly from its high
figures, while considerable pressure was
brought against Reading, though little i'm
preston was made upon the latter stock.
The downward movement was most pro-
nounced toward delivery hour, but later the
advices from Chicago were more encourag-
ing and the shorts went in to cover, which
market closed at the rally with firm tone,
though close to tn lowest prices. The active
list is generally lower, and St. Paul and bur
lington lost LA per cent each, and Jersey
Central per cent Railroad bonds did not
sympathize with stocks in their depression,
but the dealings were on a smaller scale than
usual of late, and the fluctuations were small
and unimportant as rule. The sales of all
issues reached S1,6S6,O0O, and of that
amount Atlantic & Pacific 4s contributed
$157, 900; Kansas d Texas 5s, $121. 900, and
the 6s S1OS,OOO. The tone was generally
firm, but there were some marked declines at
the close. st. Louis & Cairo 4s rose 4l2 to
80; st. Louis e. Chicago consols to Al; Chi
cago d. Alton sinking fund IS lost at 124.
Government bonds have been dull but firm
State bonds have been dull and steady.