St. Paul daily globe., 1889-04-13
FINANCIAL.
New York.

NEW DIRK, April 2.-Money on call
was easy at sos per cent; last
loan, per cent: closed offered at
3 per cent. Prime mercantile paper,
steady at S4.S7 for 60-day bills, and s4.SS3
for demand. The total sales of stocks
to-day were 279,9S7, shares, including:
Atchison, 2S,355; Delaware, Lacka
wanna & Western, 1850; Lake
Shore, $500; Louisville & Nash
vile, 1856; Missouri Pacific, 1850;
Northwestern, 1926: Northern Pacific
preferred, 10, 460: Reading, So, $40; Rich
mond & West Point, $3.50; st. Paul,
q, 3322; Union Pacific, 1850; Western
Union, 20,065. Bank clearingS to-day
were Sl1S,9S7,342: balances 6,435, ,9S5.
The stock market again was quiet
but feverish and irregular throughout
the day and prices made no material
progress in either direction, the final
changes in all the active shares being
for fractional amounts only. London
prices came lower this morning for the
first time in several days, aud the for
eign houses also eVinced desire to sell
some of the stocks bought most liber-
ally during the past few days. This
gave the bears handle with which TO
hammer the list little, but their oper-
atiOnS lacked confidence. and when the
buying assumed anything like the pro-
portions of the last few days. they were
quick to run. and in the grangers at
one time, bid prices up on themselves
rapidly. The quotations from London
were supplemented by bearish adviceS
from Chicago again, but the market
showed the most determined resistance
to the efforts to get it down,
and while some heavy drives
were made at portions of the
list. Atchinson beng especially conspic
uous, there was little impression made,
except for short time. The market
opened with squirt of activity, but this
soon died away, and the market was
short periods of animation throughout
the day. First prices showed declines
from last evenings figures, extending
to < per cent, and these losses were
further increased by small fractional
declines in the early dealings. The
fluctuations, however, were entirely in
significant until after II O'Clock, when
a buying movement set in, which
largely Increased the amount of busi-
ness done and advanced quotations all
over the list and with the grangers
leading, almost everything was
brought up to something over
the opening price. This was
followed by dullness and compara-
tive stagnation which lasted until to.
ward 2 p. M, when the list got a sag
glng tendency and pressure being
brought upon Atchison. considerable of
a decline was brought about. The buy
ing began again before the close, and
the market closed quiet and firm at
irregular changes for the day. Several
of the SpecialtIeS made marked move
ments during the day and Memphis IL
Charleston was very prominent, scoring
final gain of 2I per cent, and was
followed by Pittsburg and Western, and
Colorado coal. In the unlisted depart
vance at first, but became feverish and
finally lost all the improvement. Bruins
wick was less active, but scored a
Slight advance. Railroad bonds were
again fairly active, but the business
was very widely distributed among an
unusually large number of issues,
though Shenandoah Valley general re-
ceipts furnished S164.000 and the At
lantic IL Pacific four'S S114,000 to the
days total of Sl,S2i, ,OO0. AS usual of
late, the tone of the dealings was firm
to strong, but the changes in quotations
were extremely small and the final gains
of Importance are few in number, while
a few bonds are lower. Chicago Il ST.
Louis rose 2 to 81; Grand Rapids and
indianapolis 6's. to 81; st. Paul and
Northern Pacific, 2 to 121; Norfolk &
Western, New River G'S, 3 to ia, and
Shenandoah Valley general Ger tificates,
215 to 3715. Government bonds have
been dull and steady. State bonds have
been dull and steady.