St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-23
FINANCIAL.
New York.

NEW YORK. April 22.-The clearings to.
day were. $7l ,426, 446; balances, s5,76s,
cent: last loan 2l9, closed offered at 2l2
Prime mercantile paper, 4@6. Sterling ex-
change dull, but steady at S4.96S4 for sixty
day bills, and s4.ssa4 for demand. The total
including: Atchison. Is, los; Hooking
Valley, 1910; Louisville L. Nashville, IS
S41; Missouri Pacific, 5000; Northwest
ern, 1925: Oregon Transcontin entail
33,195; Reading 1880; st. Paul, 6,535;
Texas Pacific, 5.2lO; Union Pacific, IL
$50; Western Union, 3,465. The stock
market was dull but generally firm and
slightly higher than Saturdays closing prices
in all but few shares. The deal
lngs continued to be almost en-
tirely professional in character, and
the holiday in London and Boston served TO
restrict to some degree the amount of bust
ness; but there was some buying for London
acc unit, especially III LIZ u svilie d Nashville.
cuted for Boston. The statement of the
Union Pacific of its business for the past year
was regarded IN an unfavorable light, as 1t
showed decrease in the earning power of
the company, and the hope of dividends
seems more remote than for a long time
This showing weakened the stock, and in the
active list 1t was the special weak spot, but
had plenty OF company among the low
cent, and Hooking Valley was equally weak
at one time The decreased earnings
of the company was the primary
cause of the slumping, Inducing
sales of long stock, but the old rumor of a
default in the June interest was revived, and
until the president stated that the money
was already earned and would be paid
promptly, the decline was rapid, but the
stock afterward rallied and regained most of
the loss. On the other hand, Texas Pacific
showed some strength late in the day
upon the increasing earnings reported, and
the coal stocks, Notwithstanding the reports
of the depressed condition of the trade, were
all higher. There was considerable selling
of Chicago Gas by Chicago SPECTATORS and
the stock ran off something over per cent
The opening was made at from Ia to 81
per cent higher figures than those of Satur-
days close, and the subsequent movements
were very irregular, Union Pacific being
the weak point. followed by Chicago Gas:
While Achison, ST. Paul and New England
were the specially srtong points, The fluctu-
ationS in the general list were confined to
the smallest fractions and possessed but little
significance, and dizziness soon became the
ruling feature. Notwithstanding the weak
pess shown in Short Line and Hooking Val
ley. Louisville d Nashville, however. came
Coal also Joined the upward movement
everything moving up toward delivery hour
After that time there was considerable real
izing and prices yielded a shade, but the
most of the list fractionally higher than last
week. The trading showed the same
concentration upon few shares,
ness of 1914 shares, Louisville d
Nashville contributed 23S41 The impor.
tant changes were losses of 3s4 in Short
Line, 112 in Union Pacific and ia III Chicago
Gas, while Tennessee Coal is Dig higher.
Railroad bonds developed considerable more
animation, the sales of all issues aggregating
$1.S00.O00, of which Reading Is furnished
$1S3 900, Texas Pacific lists SI42,OOO and
Hooking Valley IS S106.O0O. The tone of
the market, however, was more decidedly
strong than for a long time Government
bonds, were strong, but dull. State bonds
were dull and steady