St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-10
FINANCIAL.

New YORK, July 9.--Bank elearings, S142,-
4IO513: balances, S5,4l9, 991 Money on
call easy at 3@13l2 per cent; last loan per
cent; closed offered at 3 per cent. Prime mer-
camille paper. 412@6l2c. Sterling exchange
more active and STEADY at 81. 26 for sixty
day bills and S4.S784 for demand The
stock market seemed to have lost it's ANNA
ton to-day, and the trading was only about
half that of yesterday, though the most con-
fident feeling which became SO noticeable
last evening, continued throughout the day,
and the general drift of prices was upward
though the operations of the bears and trad
ers made a feverlSh and irregular market
during most of the time The shorts did not
like the aspect of affairs, and there was cou-
siderable bidding for stocks at the opening
and first prices this morning, aided by higher
figures in London, were from l8 to l2 per
cent better than last evenings final figures.
The disposition was evidently to await the
action of the presidents meeting however
from the shorts and bears made a demons
tration against the list which. in the first few
minutes. forced prices off to something
below last nights prices. The heaviest
drive was made at Burlington. and it fell "a
per cent The short interest in this and
Rock Island is becoming unwieldly, and
Burlington commanded premium of l-64th
Of per cent and Rock Island loaned at 1
per cent for carrying. The raid was soon
thereafter 0~ gHse Evidence sns of ma good
supporting orders, and though there was
little buying outside of the shorts and the
foreigners, the market rallied. and by noon
was materially higher than the opening fig
ures. 1t became known that the Alton was
not represented AZ the meeting in Chicago.
and the professionals sold some stocks after
noon, which again sagged the list off, and
Rock Island, which had been remarkably
firm up to that time, Denver u Rio Grande
preferred and st. Paul preferred were spe-
cially weak. The weakest point in tn mar
ket was the trusts, and specially sugar, which
was sold on the expectation that the general
term would confirm the opinion of Judge
Barrett and the stock at one time was about
per cent lower than last evening. The coal
stocks were all strong, and Jersey Central es-
pecially. but it weakened somewhat toward
delivery hour, with the rest of the list. Dur
ing most of the day the general list presented
little or no feature, and the market finally
closed dull and firm, at something better
than the opening figures. There was q larger
but like the dealing in shares, they were for
small amounts, and the aggregate of the bust
ness done is smaller than yesterday. reaching
only S1.O92 900. There was only one active
bond, the Reading fours, which furnished
$4,000 to the total. The general tone of
of the market was firm, but many issues
developed considerable weakness, and
equally divided between gains and
losses Denver Il Rio Granden As lost 2l2
at 1912, and Denver d South Park ctfs. at
COLE. Government bonds dull and steady.
State bonds dull and heavy. The total sales
of stocks to-day were 147 253 shares, in
awanna Il Western, 10000; Lake Shore,
4,250; New Jersey Central, $3.50: North
ern Pacific, preferred. $500; Reading, IS
$40; st. Paul, 1920: Union Pacific, q, 800.