St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-02
FINANCIAL.
New York.

NEW YORK. March 1.-Clearings,
S102, 702 ,432; balances, So, 699, SJS. Money
easy at 2@3 per cent; last loan, 3;
closed offered at 8. Prime mercantile
paper 4@6. Sterling exchange dull but
steady at S4.S6 for 60-day bills, and
S4.SSs4 for demand. The total sales of
stocks to-day were POS. 494 shares, in
Guiding: Atchison, 22,400; Delaware,
Lackawanna 81 Western, 6,100; Lake
Shore, 7,145: Louisville & Nashville,
5,120; Missouri Pacific, 3,s70; North
ferred, 1880; Oregon sentimental,
12,475; Reading, 9.93s: Richmond q
West Point, 1880; st. Paul, 1875;
Union Pacific, 1885: Western Union,
11,450. The stock market to-day, eX-
cept in the first and last hours, was very
dull. but firm to strong tone marked
the trading almost throughout, and the
result of The days business is to leave
all the active shares materially
higher than last evening. For
the first time in several days, London
came better and with the increased dis
position to buy manifested in the room
gave the shorts great deal of uneasi-
ness, though the battle was not given
UP without struggle. The regular
bearISh adviceS were forthcoming from
ShieaSo anu Vic PooSiulloliC dSocl t!oio
took wide range, On the strength of
these advices the bears made de-
termined attack upon the grangers and
some of the trunk lines, and conSidera-
bic impression was made upon Bur
lington, Rock Island, Big Four, and c.,
C., G. & l., the last two being espec-
tally weak for short time. The bull
ish feeling, however, began to crop out
in many different portions of the list,
and as no long stock was shaken out of
Importance, the shorts went in to cover
and helped along the general upward
movement. which before the close,
assumed large proportions On the
comparatively limited market. Mill
waukee, Lake Shore & Western stocks
were the first to show marked strength,
but were soon followed by Manhattan,
which the same brokers have bought
largely on the rise, and were active.
The Oregon stocks, and especially Nav
pected guarantee of the 6 per cent.
dividend inducing purchases, which,
becoming general, the list slowly
advanced, though there was no
setback throughout the remainder
of the day. Later the weak stocks
of the forenoon rallied, and the
feature of the day was the recovery of
Big Four, which, after selling down to-
1919, rose to 1074 ex-dividend of 1 per
cent. First prices were general slightly
higher as compared with last night
figures, but there was no vim to the
speculation, and the bears soon
came to the front, as usual, and
Burlington, Atchison and New Eng
land showed some weakness.
Big Four and c., c., c. & I. became the
special points OF attack, and the former
materially declined, but reached its
lowest point before noon. Manhattan,
however, became remarkably strong in
the face of the foregoing losses. and,
joined by the Milwaukee, Lake Shore
d Western stocks soon rallied the
list. There was the same moderate
business in railroad bonds, the sales of
all issues aggregating $780, 200, with
special animation in Denver q Rio
Grande Western aSsented and Burling-
ton rs, which furnished $4,000 and
100000 respectively. There was less
marked tone to the trading, but most of
the list were firm and final prices are
higher in most instances. Government
bonds have been dull and steady. State
bonds have been very dull and steady.