St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-18
FINANCIAL.
New York.

NEW YORK, June 17.-Money on call easy
at 2@2lA per cent, last loan 212; closed of
fered at DE. Prime mercantile paper. 3A@
549. Sterling exchange dull, but steady, at
$4S7 for sixty day bills, and S4.S8A for de-
mand. The total sales of stocks to-day were
235 ,999. including: Atchison, %, 42O: Del
aware. Lackawanna & Western, Is, 100;
Lake Shore, $500; Missouri Pacific, ,755;
ferred, 9.6s7; Reading 1856; St. Paul. "a
S31 Union Pacific, $3.50: Western Union,
2.977. Clearings, ST., 10Y, 1872; balances
S., 999, 7O3. The stock market was fairly
active to-day, with still greater proportion
of business done in the regular list than has
peen seen for months, the trusts, with
the exception of National Lead, being
quiet to dull, without feature. The heavy
withdrawal of gold for export to Europe on
Saturday was supplemented BY the news, late
& Alton from the Interstate Railway associa-
tion and this morning we were treated to
the information that the action would in all
probability disrupt the association, and other
news of diScouraging tenor. AS a conse-
quence, the granger stocks were made the
subject of great pressure to sell, especially
from the smaller class of traders, and before
the end of the first half hours business the
decline, especially in Rock Island and st.
The effect upon the general list was very
marked and every stock traded in
opened off fractionally. though outside of
the grangers only Missouri Pacific showed
any marked decline. The buying, however,
was of good quality, and the cliques sup
ported their favorites, while London was a
buyer to limited extent, and commission
people were purchasing cautiously. Chicago
sold the grangers freely on the situation, and
the stocks Of that group dropped materially.
After the first hour, however, there was a
check to the decline in the general list and
the excitement died out, and the market re-
lapsed into dizziness, except for the few lead
ing shares The signing of the bill giving
the New England terminal facilities in New
York started that stock up, and that stock
moved up rapidly, followed by st. Paul, though
the improvement in the last named was small
and soon came to all end. Later, however,
Atchison joined in the upward movement,
and toward delivery hour there was a sudden
squirt in the coalers, which infused strength
in the entire list. Jersey Central and Della
ware d Hudson were most conspicuous for
strength, but Reading was not far behind,
and the trading in the last named stock be-
came very heavy. The market finally closed
quiet, but decidedly strong at the best prices
of the day for almost everything, except the
grangers. The final changes are somewhat
irregular, but the advances are most numer.
eaoh ane ao mae Ii fap and can oMs1
than on Saturday, New England and Jer-
sey Central are each up IN and Della
ware g. Hudson, per cent. Railroad bonds
showed no change in their temper from that
active, with a firm tone, which, however, per.
mitted considerable irregularity in the move.
ments, which occurred. The total sales for
the day were 81. 651 900, Of which only the
cial animation, furnishing 1929, 900; ST.
Paul, Hastings & Dakota rs rose to 129 |,
Kentucky Central 49, 10 86l1; Minneapolis
& St. Louis As, 8 to 100. Government bonds
have been dull and firm. State bonds have
been entirely neglected.
r. M. NEWPORT & SON
Investment Rankars